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Analysts Laud Biogen's M&A Strategy Following Deal to Buy Gene Therapy Company Nightstar
Tuesday, March 5, 2019 - 2:01pm | 618Biogen Inc (NASDAQ: BIIB) announced Monday a deal to buy gene therapy biotech Nightstar Therapeutics PLC (NASDAQ: NITE) for $800 million. The Analysts Baird analyst Brian Skorney maintained a Neutral rating on Biogen with a $348 price target. H.C. Wainwright analyst Andrew Fein reiterated a Buy...
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Major Shareholders Team To Scuttle Bristol-Myers Squibb's $74B Celgene Buyout: What's Next?
Thursday, February 28, 2019 - 1:42pm | 570Opposition to the buyout deal Bristol-Myers Squibb Co (NYSE: BMY) negotiated with Celgene Corporation (NASDAQ: CELG) in January is rising and could potentially impede the M&A momentum seen in the biotech space this year. What Happened Wellington Management Co, which owns an 8.3-percent stake...
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Analysts Slash KaryoPharm Price Targets By Over 50% After Adcom Setback
Wednesday, February 27, 2019 - 12:31pm | 539Karyopharm Therapeutics Inc (NASDAQ: KPTI) shares are poised to extend their losses to the fifth straight session, with the most recent trigger being the adcom meeting on its multiple myeloma drug. The Analysts Wedbush analyst David Nierengarten maintained an Outperform rating on KaryoPharm...
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Analysts Focus On Gilead's Late-Stage Data Readouts Following Mixed Q4
Tuesday, February 5, 2019 - 4:26pm | 935Gilead Sciences, Inc. (NASDAQ: GILD), which focuses on antiviral drugs, reported below-consensus fourth-quarter earnings per share Monday, sending its shares down. The Analysts Raymond James analyst Steven Seedhouse reiterated a Strong Buy rating on the shares of Gilead and trimmed the...
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A Bull And Bear Review Positive Results For Puma Biotech's Late-Stage Breast Cancer Drug Trial
Tuesday, December 18, 2018 - 12:10pm | 598Puma Biotechnology Inc (NASDAQ: PBYI) released positive top-line results for its lead drug candidate PB272, or Nerlynx, which is being evaluated for treating HER2+ metastatic breast cancer patients who have failed two or more prior lines of HER2+ directed treatments. Nerlynx along with capecitabine...
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After Biogen's Alzheimer's Update, Wall Street Reacts
Friday, July 6, 2018 - 1:27pm | 643Biogen Inc (NASDAQ: BIIB) and its Japanese partner Eisai disclosed encouraging results from an 18-month Phase 2 study of its Alzheimer's therapy BAN2401. Here's how some Street analysts reacted to the news. The Analysts Raymond James' Laura Chico maintained a Market...
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Analysts Defend Esperion As Shares Sell Off Sharply
Thursday, May 3, 2018 - 11:17am | 460Esperion Therapeutics Inc (NASDAQ: ESPR) stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. While the company hit its primary endpoints with the trial, patients in the test group experienced a higher...
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Strong Trial Results, Effective Distribution Could Put Regeneron's Praluent 'Back In The Competition'
Monday, March 12, 2018 - 1:39pm | 311Regeneron Pharmaceuticals Inc (NASDAQ: REGN)’s promising Praluent trial outcomes — and an effective marketing strategy to expand access to the drug — could give the company a strong competitive standing in the cardiovascular drug market, according to Bank of America Merrill Lynch...
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With $36.7B In Cash, Bank of America Expects Gilead To Shop For Complements To Drug Pipeline
Wednesday, February 7, 2018 - 3:37pm | 484Gilead Sciences, Inc. (NASDAQ: GILD) announced fourth-quarter results Tuesday that revealed better-than-expected top- and bottom-line numbers — but the guidance was lackluster. The Analyst Bank of America Merrill Lynch analyst Ying Huang reiterated a Neutral rating on Gilead shares and...
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BofA: The Biotech Sector Is In A 'Perfect Storm' For M&A
Friday, January 5, 2018 - 6:31pm | 532Few would call the biotech sector as exciting as the "FAANG" group. But throughout 2017, investors who completely ignored biotech stocks missed out on strong gains. The Nasdaq Biotechnology index outperformed the S&P 500 index throughout the year. The Analyst Bank of America...
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BioMarin Pharma Crashed This Week, So Why Is This Mega-Bank Still Bullish?
Wednesday, November 25, 2015 - 11:43am | 341BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) shares have crashed over the past five trading days, falling 11.54 percent to a low of $95.17 on November 20. Ying Huang of Bank of America Merrill Lynch has maintained a Buy rating on the company, with a price objective of $165. With the share...
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The Historical Correlation Between Biotech Stocks And Interest Rates
Friday, August 7, 2015 - 2:39pm | 454While all investors are likely concerned about the fallout from a potential FOMC interest rate hike as early as September, perhaps no demographic of the investing world is more concerned than biotech shareholders. Biotech stocks have long been seen as high-risk/high-reward stocks. Therefore,...
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Gilead Sciences: Here's What A Bull And A Bear Are Saying
Wednesday, July 29, 2015 - 10:34am | 483Shares of Gilead Sciences, Inc. (NASDAQ: GILD) were trading higher by more than 4 percent Wednesday after the company reported better-than-expected earnings for its second quarter. Here are opposing views of what two of Wall Street's top analysts are saying. Bank Of America: Long-Term...
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Intercept Pharmaceuticals Downgraded
Wednesday, May 20, 2015 - 8:27am | 298Bank of America downgraded Intercept Pharmaceuticals Inc (NASDAQ: ICPT) Tuesday from Buy to Neutral and maintained a $315 price target. Analysts led by Ying Huang mentioned that that company “announced the much anticipated protocol of its Phase 3 REGENERATE trial to evaluate OCA for the...
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Top Street Analysts Like Gilead Sciences
Monday, May 18, 2015 - 12:23pm | 454Gilead Sciences, Inc. (NASDAQ: GILD) has been a favorite among biotech investors due to its successful hepatitis C therapies; Harvoni and Sovaldi. However, the biopharmaceutical company is making headlines again with a new drug for gastric cancer; GS-5745. GS-5745 is advancing into Phase III...