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Why BioMarin Pharmaceutical Is Surging
Friday, March 27, 2015 - 11:22am | 275BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) jumped over 14 percent on Friday, as a buyout rumor surfaced just ahead of an apparently routine conference call with analysts concerning its developmental drug programs. Separately, Deutsche Bank's Robyn Karnauskas published a note on Friday...
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Analyst: Alexion Pharmaceuticals Pipeline Is Undervalued
Wednesday, March 11, 2015 - 4:55pm | 210Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) is getting insufficient credit from investors for its development pipeline, an analyst said Wednesday. The company's sole commercial product, Soliris, is approved for treating two rare blood disorders and produced sales last year of about $2.23...
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Analysts Mixed On Premium For Pharmacyclics
Thursday, March 5, 2015 - 5:48pm | 367AbbVie Inc (NYSE: ABBV) $21 billion deal to acquire Pharmacyclics, Inc. (NASDAQ: PCYC) Thursday drew mixed reviews from analysts and a thumbs down in the stock market. Shares of AbbVie closed down more than 5 percent at $56.83. The price paid by AbbVie may be a sign of a "desperation...
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Deutsche Bank Comments On Concerns Over Consensus Estimates For AbbVie And Gilead Sciences
Wednesday, January 21, 2015 - 5:27pm | 210Deutsche Bank commented on AbbVie Inc (NYSE: ABBV) and Gilead Sciences, Inc. (NASDAQ: GILD) Wednesday and felt that consensus may be too high on both companies. Analyst Robyn Karnauskas commented that "the key question we are getting from investors is if ABBV 2015 consensus is too high for...
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Deutsche Bank Analyst Sees Gilead Sciences Vs. AbbVie 'Price War'
Tuesday, December 23, 2014 - 11:56am | 315Gilead Sciences, Inc. (NASDAQ: GILD) may continue to dominate the market for hepatitis C drugs but growing competition will result in lower prices, an analyst said Tuesday. Gilead fell sharply on Monday after Express Scripts Holding Company (NASDAQ: ESRX), a giant pharmacy benefits manager,...
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Deutsche Bank Sees More Upside For Biogen
Tuesday, December 2, 2014 - 2:15pm | 184Deutsche Bank issued an analyst note on Biogen Idec Inc (NASDAQ: BIIB) after the company reported positive data for BIIB-037 in Alzheimer’s at the firm’s biofest. Analyst Robyn Karnauskas commented, “The company noted that they saw dose and time dependent reductions in Amyloid...
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Deutsche Bank Initiates Coverage On AbbVie
Friday, November 14, 2014 - 1:08pm | 107On Friday, Deutsche Bank analysts initiated coverage on shares of AbbVie Inc (NYSE: ABBV) with a Buy rating and $80 price target. Robyn Karnauskas outlined reasons for the Buy rating: 2015 HCV estimates are too low. HCV revenues will offset lost sales. AbbVie’s HCV pipeline is...
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UPDATE: Deutsche Bank Reiterates On Amgen On Potential Of New Drugs
Wednesday, November 12, 2014 - 10:17am | 150In a report published Wednesday, Deutsche Bank analyst Robyn Karnauskas reiterated a Buy rating on Amgen (NASDAQ: AMGN), and raised the price target from $190.00 to $192.00. In the report, Deutsche Bank noted, “85.1% of pts in the high-dose arm and 69.2% of pts in the low dose arm achieved PASI75...
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UPDATE: Deutsche Bank Reiterates On Celgene Corporation Following 3Q Call
Friday, October 24, 2014 - 8:34am | 150In a report published Friday, Deutsche Bank analyst Robyn Karnauskas reiterated a Buy rating on Celgene Corporation (NASDAQ: CELG), and raised the price target from $115.00 to $134.00. In the report, Deutsche Bank noted, “The focus of the 3Q call was the strong Otezla launch, and the pipeline,...
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Deutsche Bank Says Gilead Sciences Stock Reaction Is Overdone
Tuesday, October 14, 2014 - 1:59pm | 195Deutsche Bank issued an alert on Gilead Sciences, Inc. (NASDAQ: GILD) Tuesday following news about Irish tax changes and Johnson & Johnson (NYSE: JNJ) comments. The alert concluded that Tuesday’s "stock reaction is overdone." According to analyst Robyn Karnauskas, "...
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Arrowhead Research Corp Hammered On Drug News; Deutsche Bank Lowers Price Target
Wednesday, October 8, 2014 - 2:32pm | 208Arrowhead Research Corp (NASDAQ: ARWR) had its price target lowered from $45 to $20 by Deutsche Bank on Wednesday. The firm maintained a Buy rating. The report stated, "we see higher risk but do not think the program is dead." The stock fell approximately 50 percent Wednesday due to...
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Deutsche Bank Is Bullish On Gilead Sciences, Inc. And Other Biotech Stocks
Tuesday, September 16, 2014 - 8:19am | 285Robyn Karnauskas of Deutsche Bank spoke on CNBC's Fast Money about stocks she likes in the biotech space. She said that the sector has above average growth, three percent more than the S&P 500, and the group is trading only with a small premium over the S&P. Karnauskas is bullish on the...
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Deutsche Bank Sees Achillion, Arrowhead As Potential Takeover Targets
Tuesday, August 26, 2014 - 1:37pm | 232Achillion Pharmaceuticals (NASDAQ: ACHN) and Arrowhead Research (NASDAQ: ARWR) were up sharply Tuesday after an analyst said the pair of drug development companies could become takeover targets. "If you want to compete with Gilead, you have to buy Achillion," Deutsche Bank's Robyn...
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Analysts Weigh In: Regado Future 'Unclear' As Shares Fall Below Cash Value
Monday, August 25, 2014 - 2:34pm | 206Regado Biosciences (NASDAQ: RGDO) plunged after safety concerns permanently halted trials on its lead drug candidate for preventing complications from angioplasty surgery. Deutsche Bank's Robyn Karnauskas downgraded the shares to Hold from Buy and slashed her target 87 percent to $2, from $14....
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Deutsche Bank Questions Long-Term Efficacy Of Sarepta's Eteplirsen Following Trial News
Thursday, July 10, 2014 - 3:24pm | 786Shares of Sarepta Therapeurics (NASDAQ: SRPT) plummeted 28.2 percent Thursday morning following the long-term outcomes from the Phase IIb study of Eteplirsen. Deutsche Bank analyst Robyn Karnauskas maintained a Hold rating on shares, as the firm waits for more information on the upcoming biopsy...