New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 24, 2014
10:31 EDTINCY, GILD, NPSP, CLDXOppenheimer sees opportunities following biotech decline
After biotech stocks declined on Friday, Oppenheimer believes that the weakness in the sector has created a buying opportunity. The firm identifies Celldex (CLDX), Incyte (INCY) and NPS Pharmaceuticals (NPSP) as interesting biotech names. WHAT'S NEW: On Friday, biotech investors were concerned by a letter sent by several members of Congress to Gilead (GILD) regarding the price of its Hepatits C drug, Sovaldi, Oppenheimer analyst Dr. Boris Peaker wrote in a note to investors. However, the biotech sector's strong pricing power is unlikely to be curtailed In the near-term, Peaker believes. Since competing drugs are priced at similar levels as Sovaldi, Congress would have to lower the drugs' prices through legislation, which is unlikely to occur, Peaker forecast. Celldex's stock is attractive since its top drugs are very innovative, face no direct competition, are wholly owned by the company, and are unlikely to have biosimilars, Peaker wrote. Meanwhile, Incyte's Jakafi, a treatment for Myelofibrosis, could be used as a treatment for solid tumors following additional studies, the analyst forecast. Additionally, Jakafi is "highly innovative," and has not experienced any pricing pressures, the analyst stated. NPS' two major products, Gattex and Natpara, are both orphan drugs that provide significant benefits to patients and do not have any looming competition, Peaker said, adding that Gattex's U.S. sales should continue to be strong. Gattex is used to treat short bowel syndrome, while Natpara is supposed to treat hypoparathyroidism. Oppenheimer has Outperform ratings on all the stocks named. PRICE ACTION: In mid-morning trading, Gilead fell 2.3% to $70.40, Celldex gave back 6.6% to $20.10, Incyte tumbled 5.8% to $56, and NPS sank 5.8% to $28.35.
News For GILD;CLDX;NPSP;INCY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 22, 2015
16:00 EDTGILDOptions Update; May 22, 2015
Subscribe for More Information
May 21, 2015
10:58 EDTGILDDeutsche Bank biotech analyst holds an analyst/industry conference call
Subscribe for More Information
May 20, 2015
09:07 EDTGILDGilead's patent for Hep C drug sofosbuvir challenged by NGO's in five countries
Subscribe for More Information
May 19, 2015
10:09 EDTGILDGilead CFO says 'really excited' about options to grow beyond 2018
Subscribe for More Information
08:57 EDTCLDXLeerink biotech analyst holds an analyst/industry conference call
Subscribe for More Information
07:56 EDTGILDGilead for Achillion rumor not ridiculous, but highly unlikely, TheStreet says
Subscribe for More Information
07:28 EDTGILDUBS to hold a conference
Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 19 at 8 am; not all company presentations may be webcasted. Webcast Link
07:22 EDTINCYIncyte has a conference call hosted by JPMorgan
Subscribe for More Information
May 18, 2015
19:43 EDTGILDAnthem Blue Cross sued for limiting Harvoni usage, LA Times says
Subscribe for More Information
16:16 EDTGILDGilead confirms plans to present tomorrow at UBS conference, Feuerstein reports
Subscribe for More Information
14:42 EDTGILDAchillion rises as conference cancellation adds fuel to M&A speculation
Subscribe for More Information
09:36 EDTGILDActive equity options trading on open
Subscribe for More Information
May 15, 2015
16:01 EDTGILDOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
11:08 EDTGILDOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
09:31 EDTGILDAmerican Thoracic Society to hold a conference
ATS 2015 Conference is being held in Denver on May 15-20.
May 14, 2015
08:50 EDTINCYIncyte data promising, says SunTrust
SunTrust believes that the data for Incyte's JAK1/PI3K combination in NHL and HL is promising. The firm says that the combo shows early signs of activity in B cell malignancies. It keeps a $120 price target and Buy rating on the shares.
May 13, 2015
17:28 EDTCLDXCelldex to present data from Phase 2 ReACT study of Rintega at ASCO
Celldex Therapeutics announced that several clinical programs, including the Phase 2 ReACT study of Rintega in patients with recurrent glioblastoma, or GBM, will be presented at the 2015 American Society of Clinical Oncology, or ASCO, Annual Meeting in Chicago. The ReACT presentation will include final analysis of progression-free survival at 6 months, or PFS6, and current data on overall survival and other endpoints. Data contained in the published abstract were from an analysis in October 2014. Data to be presented in the oral session will include comprehensive data from the study through March.
13:12 EDTGILDSen. Sanders urges VA to break patents on Gilead hepatitis C drugs
Subscribe for More Information
07:31 EDTGILDHeart Rhythm Society to hold a conference
Heart Rhythm 2015 is being held in Boston on May 13-16.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use