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Stock Market & Financial Investment News

News Breaks
September 26, 2012
05:43 EDTGSK, THRXGSK and Theravance announce FDA acceptance of FF/VI NDA for COPD in U.S.
GlaxoSmithKline (GSK) and Theravance (THRX) announced that the New Drug Application, or NDA, for the once-daily investigational medicine fluticasone furoate "FF"/vilanterol "VI", or FF/VI, for patients with chronic obstructive pulmonary disease, or COPD, has been accepted by the U.S. FDA indicating that the application is sufficiently complete to permit a substantive review. The Prescription Drug User Fee Act, or PDUFA, goal date has also been confirmed as May 12, 2013. GSK also submitted a Japanese New Drug Application, or JNDA, for FF/VI for patients with COPD and asthma on Sept. 25.
News For GSK;THRX From The Last 14 Days
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May 16, 2013
11:27 EDTTHRXOptions with decreasing implied volatility: LNCO MBI OPK THRX SGMO
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May 15, 2013
11:13 EDTTHRXOptions with decreasing implied volatility: MM GMCR GRPN THRX SGMO
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May 14, 2013
12:16 EDTTHRXOptions with decreasing implied volatility: MM PANL DGIT VCLK THRX
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08:16 EDTTHRXTheravance price target raised to $48 from $38 at RW Baird
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07:24 EDTGSKEBD Group to host a conference
BioTrinity 2013 is being held in Newbury, England on May 14-16.
07:07 EDTTHRXTheravance price target raised to $54 from $44 at Stifel
Stifel thinks that Theravance's (THRX) royalty deal with Elan (ELN) demonstrates its ability to generate revenue that had not been reflected in its stock price. The firm expects Theravance to make similar deals in the future and it keeps a Buy rating on the stock.
May 13, 2013
16:25 EDTTHRX, GSKOn The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77.
12:20 EDTTHRX, GSKOn The Fly: Midday Wrap
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09:25 EDTTHRXOn The Fly: Pre-market Movers
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05:44 EDTGSK, THRXElan provides additional information on Elan/Theravance agreement
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05:35 EDTGSK, THRXTheravance, Elan enter into $1B royalty participation agreement
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05:31 EDTTHRXTheravance, Elan enter into $1B royalty participation agreement
05:26 EDTTHRXTheravance to host conference call
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May 10, 2013
12:42 EDTTHRX, GSKGlaxoSmithKline, Theravance confirm FDA approval of Breo Ellipta
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11:48 EDTGSKDrugmakers to face pressure on U.S. prices, Reuters says
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11:17 EDTTHRXTheravance jumps 12% to $35.12 following FDA approval for COPD drug
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11:15 EDTTHRX, GSKFDA approves Breo Ellipta to treat chronic obstructive pulmonary disease
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06:53 EDTGSKGlaxoSmithKline, Merck to discount cancer vaccine in poor nations, NY Times says
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May 9, 2013
06:12 EDTTHRXTheravance price target raised to $44 from $32 at Piper Jaffray
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May 6, 2013
07:49 EDTGSKBernstein's global pharmaceuticals analyst has analyst/industry conference call
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