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Stock Market & Financial Investment News

News Breaks
March 12, 2014
09:21 EDTBIIB, ALKSAlkermes issued patent for fumarate pro-drug, says Citigroup
Citigroup notes that Alkermes (ALKS) was issued a United States patent for its pro-drug of mono-methyl fumarate, the active ingredient in Biogen's (BIIB) Tecfidera. Citi views the patent as supporting the regulatory potential of ALKS 8700, and notes the drug is a long-term threat to Tecfidera. The firm says Phase 1 data expected by year-end 2014 could be meaningful and keeps a Buy rating on Alkermes with a $60 price target.
News For ALKS;BIIB From The Last 14 Days
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July 31, 2014
07:14 EDTALKSAlkermes cuts FY14 adjusted EPS view to 19c-32c, consensus 49c
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07:12 EDTALKSAlkermes reports Q2 adjusted EPS 11c, consensus 14c
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July 30, 2014
07:17 EDTALKSAlkermes announces initiation of ALKS 5461 FORWARD-5 clinical study
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July 24, 2014
09:07 EDTBIIBBiogen price target raised to $474 from $432 at BMO Capital
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06:24 EDTBIIBBiogen price target raised to $387 from $343 at Citigroup
Citigroup raised its price target for Biogen shares to $387 citing the company's earnings and revenue growth following its better than expected Q2 results. Citi keeps a Buy rating on the stock.
July 23, 2014
11:43 EDTBIIBBiogen announces PLEGRIDY EC approval
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10:25 EDTBIIBBiogen price target raised to $420 from $370 at Piper Jaffray
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09:50 EDTBIIBBiogen says strategic bias still tuck-in acquisitions
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09:37 EDTBIIBBiogen says 'clearly' has considered tax inversion
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09:25 EDTBIIBBiogen sees Japan as an attractive growth opportunity for company
Says remains committed to SG&A leverage in 2014. Says guidance assumes Tecfidera EU uptake similar to U.S.
09:17 EDTBIIBOn The Fly: Pre-market Movers
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09:05 EDTBIIBBiogen says received letter from EU saying PLEGRIDY has been approved
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08:56 EDTBIIBBiogen still sees FY CapEx approximately $300M
Believes TECFIDERA is on track to become the leading MS product in the U.S. Says outside the U.S., demand for TECFIDERA has been broad; launch trajectories similar to experience in U.S. Continues to be in discussions with AIFA to resolve its dispute on Tysabri for February 2009-January 2013. Says FY guidance "meaningfully increased" due primarily to the  growth  of  TECFIDERA in the U.S. and the EU., the strength of our other MS therapies and clarity on the AIFA pricing matter. Comments from slides that will be presented on the Q2 earnings conference call.
06:50 EDTBIIBBiogen raises FY14 EPS to $12.90-$13.10 from $11.35-$11.45, consensus $11.53
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06:48 EDTBIIBBiogen reports Q2 Tecfidera revenue $700M; Reports Q2 Avonex revenue $774M
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06:47 EDTBIIBBiogen reports Q2 adjusted EPS $3.49, consensus $2.83
Reports Q2 revenue $2.42B, consensus $2.16B; Non-GAAP diluted EPS was benefited by approximately 15c, following the approval from an agreement with the Italian National Medicines Agency relating to Tysabri sales in Italy.
July 22, 2014
14:30 EDTBIIBBiogen technical remarks ahead of earnings
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July 21, 2014
07:37 EDTBIIBBiogen July weekly volatility elevated into Q2 and outlook
Biogen July weekly call option implied volatility is at 55, August is at 34, October is at 36; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 on July 23.
July 17, 2014
07:05 EDTALKSAlkermes announces initiation of Phase 1 study of ALKS 8700 for treatment of MS
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