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August 7, 2014
10:51 EDTFDO, COV, IGT, BIIB, SHPG, NVDA, TIBX, CZR, OREX, ESIOptions with increasing implied volatility
Options with increasing implied volatility: ESI OREX CZR NVDA TIBX SHPG BIIB IGT COV FDO
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April 29, 2015
07:39 EDTBIIBBiogen, AbbVie say FDA accepts BLA for Zinbryta for treatment of MS
Biogen (BIIB) and AbbVie (ABBV) announced that the FDA has accepted for review the companies’ Biologics License Application requesting marketing approval of ZINBRYTA for relapsing forms of multiple sclerosis. Biogen and AbbVie announced in March 2015 that their Marketing Authorisation Application for ZINBRYTA was validated by the European Medicines Agency for review in the European Union. The BLA included results from two pivotal trials, DECIDE and SELECT, in which ZINBRYTA 150 mg was administered subcutaneously every four weeks in people with relapsing-remitting MS.
05:33 EDTSHPGShire initiated with an Outperform at Exane BNP Paribas
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April 28, 2015
11:59 EDTCZRCaesar's volatility elevated into Q1 and outlook
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11:43 EDTBIIBStocks with call strike movement; BIIB NFX
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10:11 EDTBIIBPiper Jaffray biotech analysts hold an analyst/industry conference call
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April 27, 2015
19:00 EDTIGTScientific Games says receives license termination notice from IGT
In a regulatory filing, Scientific Games (SGMS) reports that on April 21, it received notification from International Game Technology (IGT) purporting to terminate the license agreement between the two companies as a result of Scientific Games' alleged breach of licensing terms. The company notes that on June 13, 2014, it entered into a license agreement with IGT for its “ticket-in-ticket-out” cashless gaming technology. Prior to its acquisition by Scientific Games, Bally Technologies had also entered into a license agreement with IGT for the same technology. IGT believes that Scientific Games is in breach of its license agreement due to its use of license tags belonging to Bally instead of license tags issued to Scientific Games itself.
10:07 EDTBIIBForward Pharma receives decision to grant from EPO for DMF patent in Europe
Forward Pharma (FWP) announced that the company received a decision to grant from the European Patent Office regarding its patent application 14172398.1 which covers, among other things, the treatment of multiple sclerosis with 480 mg per day of dimethyl fumarate wherein the pH controlled release compositions have an enteric coat. The EPO projects that the application will issue under the patent number EP2801355 on May 20, 2015 with the publication of the mention of grant. We expect that the patent will provide protection until October 2025, assuming the company successfully defends the patent during any subsequent invalidation proceedings. This projected European patent is one of several elements of the company's intellectual property, which also includes three U.S. pending patent applications and two other European pending patent applications covering methods of treating multiple sclerosis with formulations that provide a 480 mg daily dose of DMF. Foward Pharma said "The EPO examiner allowed our 480 mg patent claims after considering third party observations both requesting the EPO to not grant the application as well as suspend its examination. Biogen (BIIB) markets Tecfidera, a product containing DMF as the active ingredient for the treatment of MS at a daily dose of 480 mg. Tecfidera was approved by the European Commission in January 2014. Worldwide sales of Tecfidera as reported by Biogen totalled over $3.2B in the last 12 months, including $614M of ex-US sales."
09:19 EDTBIIBBiogen shares should be bought on weakness, says BMO Capital
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08:25 EDTBIIBBiogen coverage assumed with a Perform at Oppenheimer
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08:15 EDTBIIBBiogen weakness creates buying opportunity, says RBC Capital
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April 24, 2015
15:16 EDTBIIBBiogen sell off a buying opportunity, Barron's says
Biogen is down about 6% on the session after reporting Q1 results that missed expectations. The pullback represents a buying opportunity as the company's drug pipeline should fuel strong growth, Barron's says. Reference Link
09:28 EDTBIIBPiper says Biogen has 'long way to go' before being top pick again
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09:20 EDTBIIBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
07:40 EDTBIIBForward Pharma price target raised to $53 from $43 at Leerink
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07:02 EDTBIIBBiogen reports Q1 Tecfidera revenue $825M
Total multiple sclerosis product sales were $2.1 billion compared to $1.7 billion in the same quarter last year. Interferon revenues, including Avonex and Plegridy were $755M in Q1. Tysabri revenues were $463M. Net revenues relating to Rituxan and Gazyva were $331M. Elocate revenues were $54M, Alprolix revenues were $43M.
07:01 EDTBIIBBiogen reports Q1 adjusted EPS $3.82, consensus $3.91
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April 23, 2015
15:07 EDTBIIBBiogen technical comments before earnings
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15:01 EDTBIIBNotable companies reporting before tomorrow's open
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11:31 EDTCZROptions with increasing implied volatility
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09:20 EDTSHPGCelgene patent latest to be challenged by Hayman Capital's Bass
The Coalition For Affordable Drugs, a group linked to Hayman Capital's Kyle Bass, has requested an Inter Partes Review of Claims 1–10 of U.S. Patent No. 6,045,501 held by Celgene (CELG), according to a USPTO filing. The ’501 patent claims methods for delivering a drug, including a teratogenic drug, to a patient while preventing the exposure of a fetus or other contraindicated individuals to the drug. The patent is related to the company's Revlimid drug. BACKGROUND: Previously, the same coalition requested an Inter Partes Review of patents held by Pharmacyclics (PCYC), Acorda Therapeutics (ACOR), Shire (SHPG) and Jazz Pharmaceuticals (JAZZ). On January 7, Reuters reported that Bass planned to take "around 15 pharmaceutical companies with a combined market capitalization of $450B" into an Inter Partes Review for extending patents in questionable ways, citing a presentation made by Bass in Oslo. PRICE ACTION: Shares of Celgene are down 0.5% to $114.92 in pre-market trading.
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