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Stock Market & Financial Investment News

News Breaks
May 21, 2014
10:04 EDTGILD, WCG, WLP, HS, AGP, CNC, MOH, AET, HNT, UNH, HUM, CIGilead criticized by insurance trade group for 'astronomical' hep C drug price
In a post to its Coverage blog, America's Health Insurance Plans stated that Hepatitis C treatment Sovaldi has shown "tremendous results" and is the "kind of medical innovation we need to sustain," but claims the drug’s maker, Gilead (GILD), is taking "advantage of a lack of competition – has priced it at an astronomical level that is not sustainable for consumers, innovation, or society." America’s Health Insurance Plans, or AHIP, is the national trade association representing the health insurance industry. Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP). Reference Link
News For GILD;HUM;UNH;HNT;AET;MOH;CNC;AGP;HS;WLP;WCG;CI From The Last 14 Days
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October 14, 2014
16:00 EDTGILDOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
12:41 EDTGILDGilead retreats following Johnson & Johnson comments on HCV drug
Shares of Gilead (GILD), which has developed a hepatitis C treatment, are retreating after Johnson & Johnson (JNJ) said it would seek to make its own hepatitis C treatment accessible and competitive. Some investors believe that Johnson & Johnson's comments suggest that it will cut the price of its hepatitis C drug. WHAT'S NEW: Johnson & Johnson said on its earnings conference call today that it was "committed" to its treatment for hepatitis C virus, or HCV. The company added that it intends to remain competitive in the space and would look to make its HCV treatment, Olysio, accessible. In a separate development today, The Wall Street Journal reported that Abbvie (ABBV), which also has an HCV treatment, may have to consider pricing its HCV drug more aggressively after Gilead received FDA approval for Harvoni, the first combination pill approved to treat chronic HCV genotype 1 infection. One analyst quoted by The Journal, Roger Longman, said that AbbVie should consider pricing its drug at $76,000 for a 12 week regimen, representing a 20% discount to Harvoni, which will be priced at $94,500 for a full 12 week regimen. ANALYST REACTION: In a note to investors earlier today, RBC Capital analyst Michael Yee wrote that the weakness in Gilead's stock today has created a buying opportunity. Johnson & Johnson probably can't reduce the price of its Olysio drug much, since it is often used in combination with Gilead's Sovaldi, which costs $84,000 for 12 weeks, RBC Capital analyst Michael Yee wrote in a note to investors today. The price of AbbVie's treatment is unlikely to be much below Sovaldi's price, the analyst stated. WHAT'S NOTABLE: Gilead, along with a number of other drug companies, may also be under pressure because Ireland is reportedly closing its "Irish Double" tax loophole. Gilead is one of the companies that currently benefits from the "Irish Double," but Yee says that closing the loophole should only have a "minimal" impact on Gilead. PRICE ACTION: In early afternoon trading, Gilead fell 3.3% to $98.10, AbbVie gained 1.7% to $54.53 and Johnson & Johnson lost 0.6% to $98.52.
11:52 EDTGILDStocks with call strike movement; APC GILD
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11:10 EDTGILDGilead weakness today overdone, says Deutsche Bank
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10:51 EDTGILDGilead weakness a buying opportunity, says RBC Capital
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10:41 EDTGILDGilead weakness a buying opportunity, says RBC Capital
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10:11 EDTGILDGilead volatility increases on wide price movement
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10:05 EDTGILDAbbVie could cause Hep C price tipping point with aggressive pricing, WSJ says
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10:01 EDTCIOn The Fly: Analyst Downgrade Summary
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09:37 EDTGILDActive equity options trading on open
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09:14 EDTGILDJ&J sees FY14 pre-tax operating margin significantly improved vs. FY13
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08:40 EDTCICigna downgraded at Sterne Agee
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07:05 EDTUNHUnitedHealth October volatility elevated into Q3 and guidance
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05:49 EDTCICigna downgraded to Neutral from Buy at Sterne Agee
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October 13, 2014
16:02 EDTGILDOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
09:56 EDTGILDBernstein biotech analyst to hold an analyst/industry conference call
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08:36 EDTGILDGilead HARVONI launch should be strong, says BMO Capital
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07:56 EDTGILDGilead Harvoni pricing 'very reasonable,' says RBC Capital
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07:39 EDTGILD, HUMPharmaceutical Care Management Association to hold annual meeting
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07:15 EDTUNHNational Association of Corporate Directors to hold a conference
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