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Stock Market & Financial Investment News

News Breaks
September 5, 2012
07:51 EDTACHN, VVUS, BMRN, IDIX, ARIA, GILD, CLVS, ARNACitigroup to host a conference
7th Annual Biotech Day Conference is being held in Boston on September 5.
News For BMRN;ARNA;ARIA;VVUS;CLVS;IDIX;ACHN;GILD From The Last 14 Days
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May 23, 2013
10:27 EDTGILDGilead has a conference call hosted by JPMorgan
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May 22, 2013
12:08 EDTARNAOptions with decreasing implied volatility: ARNA SGMO NTAP CBST GDI
May 21, 2013
16:51 EDTGILDGilead's sofosbuvir gets EMA validation, now under assessment
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12:32 EDTARNAOptions with decreasing implied volatility: PXP ARNA BBY OPK CSC
07:34 EDTBMRN, IDIXUBS to host a conference
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May 20, 2013
07:34 EDTARIA, GILDUBS to host a conference
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May 17, 2013
11:53 EDTARNAOptions with decreasing implied volatility: SGMO ARNA CSC ENDP
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08:22 EDTARIAARIAD shares should be bought on weakness, says BMO Capital
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May 16, 2013
12:24 EDTBMRNOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
11:50 EDTBMRN, GILDCelgene, Gilead lower after new data published at ASCO
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10:30 EDTACHNAchillion management to meet with Maxim
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09:03 EDTBMRNBioMarin volatility low, shares near record high into ACSO
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08:33 EDTBMRNBioMarin abstract showed impressive anti-tumor activity, says Leerink
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07:39 EDTCLVSClovis Oncology says data to be presented at ASCO annual meeting
Clovis Oncology announced that three abstracts highlighting results from three Phase I studies of the company’s two lead compounds will be presented at the American Society of Clinical Oncology, ASCO, Annual Meeting 2013 in Chicago. Data contained in the published abstracts was current as of the submission deadline of February 5, 2013. Data to be presented in the poster sessions will include data from the trials as of early May, the company said.
07:29 EDTARIALeerink to host a bus tour
Boston Biopharma Bus Tour travels throughout Boston on May 16-17.
May 15, 2013
18:32 EDTGILDGilead announces response data from Phase 2 study of Idelalisib
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15:15 EDTCLVSClovis Oncology lung cancer treatment designated for orphan drug status
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14:03 EDTARNAArena Pharma has positive read through from Eisai forecast, says Piper Jaffray
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06:19 EDTARNAArena Pharmaceuticals implied volatility at lower end of index mean range
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06:06 EDTACHNAchillion appoints Dr. David Apelian as Chief Medical Officer
Achillion (ACHN) appointed David Apelian, M.D., Ph.D., MBA, to the position of Executive VP and Chief Medical Officer, effective May 28. Dr. Apelian wll assume responsibility for the clinical development of Achillion's portfolio of compounds to treat HCV. In addition, Achillion also expanded its clinical operations group with the recent addition of Kevin Kucharski, formerly head of clinical operations at Pharmasset (VRUS), who will serve as Senior VP of Clinical Operations.
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