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March 20, 2014
10:44 EDTGSK, AGENAgenus sell-off a 'table pounding' buying opportunity, says H.C. Wainwright
H.C. Wainwright says the sell-off in shares of Agenus (AGEN) after its partner GlaxoSmithKline (GSK) announced the Phase 3 trial evaluating the MAGE-A3 cancer vaccine in non-small cell lung cancer failed to meet both endpoints is a "table pounding" buying opportunity. The firm sees an opportunity as Agenus shifts its corporate focus towards checkpoint inhibitors. It reiterates a Buy rating on the stock with an $8 price target.
News For AGEN;GSK From The Last 14 Days
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December 1, 2015
07:46 EDTGSKFDA and the Parental Drug Association to co-host a conference
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06:07 EDTGSKGSK enters development agreement, R&D collaboration with Propeller Health
Propeller Health announced a development agreement and R&D collaboration with GSK for its Ellipta inhaler, the pharmaceutical company's innovative, patented, dry powder inhaler. Under the terms of this non-exclusive agreement, the first between the two companies, Propeller Health will develop and manufacture a custom sensor for the Ellipta inhaler for use in certain GSK clinical studies in asthma and COPD.
November 27, 2015
08:00 EDTGSKGlaxo has cut 40% of China sales reps in wake of scandal, Reuters reports
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07:34 EDTGSKGlaxoSmithKline starts phase III study of sirukumab in Giant Cell Arteritis
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November 25, 2015
11:29 EDTGSKStudy says Valeant, others exploding dermatology drug prices, WSJ reports
The JAMA Dermatology journal published a new study that found that retail prices of 19 dermatologic prescription drugs increased fivefold on average between 2009 and 2015, reported The Wall Street Journal. Targretin, marketed by Valeant (VRX), jumped to $30,320 this year from $15,708 last year and $1,687 in 2009, the study found, but "It's not just Valeant," said lead author Miranda Rosenberg. Prices for drugs made by GlaxoSmithKline (GSK) and Novartis (NVS) at least doubled or tripled over the same time frame, the report noted. Reference Link
November 24, 2015
11:16 EDTGSKAdaptimmune initiates Phase I/II trial of affinity enhanced T-cell therapy
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November 23, 2015
08:08 EDTGSKIdera Pharmaceuticals announces partnership with GSK
Idera Pharmaceuticals (IDRA) announced it has entered into an exclusive worldwide collaboration and license agreement with GSK (GSK) to research, develop and commercialize selected molecules from Idera's 3rd generation antisense platform for the treatment of selected targets in renal disease. Under the terms of the agreement, Idera is eligible to receive approximately $100M in development and regulatory milestone payments, including a $2.5M upfront payment. Additionally, Idera is eligible to receive royalties on all sales upon commercialization at varying rates up to five percent on annual net sales in excess of $500M.
November 20, 2015
16:09 EDTAGENAgenus files to sell 7.76M shares of common stock for holders
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November 19, 2015
08:46 EDTAGENAgenus to host research and development update
Research and Development Update to be held in New York on November 19 at 4 pm. Webcast Link
November 18, 2015
08:11 EDTGSKIMS Health forecasts global drug spending to increase 30% by 2020 to $1.4T
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