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Analyst: Trump's 'Naming And Shaming' Campaign To Build Pharma Headline Risk
Tuesday, May 15, 2018 - 9:55am | 372The Food and Drug Administration announced Monday it would publish correspondence with drug manufacturers accused of abusing agency standards to foil generic competitors. Height Capital Markets considers the public censuring indicative of a broader federal strategy to pressure industry change....
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Celgene CEO: Strong Q1 Led To Improved Full-Year Guidance
Friday, May 4, 2018 - 2:35pm | 417Biopharma Celgene Corporation (NASDAQ: CELG) reported first-quarter earnings, lowered its 2018 full-year EPS guidance and raised its sales guidance for the year before the open Friday. What Happened Total net product sales of $3.53 billion in Q1 were 20 percent higher from the same...
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Upside And Downside Scenarios For Celgene; Is The Selloff Overdone?
Thursday, October 26, 2017 - 3:18pm | 610Celgene Corporation (NASDAQ: CELG) stock tanked Thursday, dropping close to 20 percent on roughly nine times its average volume. The downside was orchestrated by weaker-than-expected third-quarter revenues announced by the company Thursday. At the time of writing, shares of Celgene were down...
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As Celgene Outperforms, Are Challenges To Its Pipeline Being Overlooked?
Thursday, October 5, 2017 - 2:32pm | 387Celgene Corporation (NASDAQ: CELG) has gained about 15 percent from its mid-August lows. Against this backdrop of share price appreciation, Morgan Stanley said in a note Thursday that the consensus expectations underappreciate the potential for generic Revlimid as early as April 2020 and the...
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Has Celgene Become Vulnerable To 'Revenue Concentration Risk'?
Friday, May 5, 2017 - 8:46am | 297Argus' David Toung downgraded shares of Celgene Corporation (NASDAQ: CELG) from Buy to Hold after fully digesting the company's first-quarter earnings report. Stay Critical, Investors According to Toung, investors have reason to be "concerned" over the company's revenue concentration from Revlimid...
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Couldn't Make It To Leerink's Global Healthcare Conference? Here Are The Highlights From Day One
Thursday, February 16, 2017 - 11:43am | 517Leerink's Global Healthcare Conference kicked off Wednesday and will continue through Thursday. Here is a summary of what Leerink's analysts are saying about some of the notable companies who presented at on Wednesday. Universal Health Services Universal Health Services, Inc. (NYSE: UHS)'s chief...
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Orphan Drugs Among 2015's Top 10 Best-Selling Medications
Wednesday, January 18, 2017 - 11:40am | 453Orphan drugs, drugs intended to prevent, diagnose or treat rare diseases/disorders, are huge sellers for the pharmaceutical industry. NPR, citing data from EvaluatePharma, noted that seven of the 10 best-selling drugs in the United States throughout 2015 were given an orphan drug status. The main...
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Biotech Winners And Losers From ASH Conference
Friday, December 9, 2016 - 12:59pm | 569The American Society of Hematology (ASH) held its annual December meeting in San Diego, where some of the biggest biotech companies announced clinical trial results, new drug updates and future initiatives. In separate reports, Cantor Fitzgerald analysts mentioned their takes on the announcements...
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Amgen's Kyprolis Fails To Met Endpoint, But It's Not All Bad News
Wednesday, September 28, 2016 - 10:02am | 364Amgen, Inc. (NASDAQ: AMGN) announced that the Phase 3 CLARION trial for Kyprolis in first-line multiple myeloma (MM) did not meet the primary endpoint. Goldman Sachs’ Terence Flynn maintains a Buy rating on the company, while lowering the price target from $206 to $198. Disappointing Data...
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Celgene Reports Second-Quarter Results, Highlights 'Outstanding' 2016 Performance
Thursday, July 28, 2016 - 8:36am | 397Shares of Celgene Corporation (NASDAQ: CELG) were trading higher by 0.43 percent at $108.11 after the company reported its second-quarter results. Celgene said it earned $1.44 per share in the second quarter on revenue of $2.74 billion. Wall Street analysts were expecting the company to earn $1.39...
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Celgene To See Major Upside In 2017, Says Canaccord
Friday, July 1, 2016 - 1:53pm | 233Canaccord Genuity reiterated its Buy rating and $156 price target on Celgene Corporation (NASDAQ: CELG). In the report published Friday, the analysts stated their positive outlook for the near-term data readouts for Revlimid from REMARC and Otezla in Atopic Dermatitis. Additionally, they expect...
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Celgene Will 'Vigorously' Defend IP Amid Report Kyle Bass Patent Challenge Could Prove Successful
Tuesday, October 27, 2015 - 2:52pm | 242Shares of Celgene Corporation(NASDAQ: CELG) on Tuesday plunged to a mid-day low of $121.41. The move came in response to a Bloomberg report the U.S. Patent & Trademark Organization may soon be reviewing a patent challenge brought on by Kyle Bass's Coalition for Affordable Drugs related to...
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Celgene's EPS Contain 'Few Surprises,' Baird Says
Friday, January 30, 2015 - 1:05pm | 311Celgene Corporation (NASDAQ: CELG) reported earnings on Thursday, and Baird analysts provided some commentary. For the fourth quarter of 2014, the company posted non-GAAP EPS of $1.01, (versus consensus of $0.99, and Baird’s $1.01), and adjusted EPS for the full fiscal 2014 of $3.71...