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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:58 EDTICPT, GILD, GALTSummer Street discusses potential products to treat NASH
Summer Street does not believe side effects will prevent Intercept Pharmaceuticals' (ICPT) obeticholic acid from being a commercial success for treating nonalcoholic steatohepatitis, or NASH. The firm is concerned Galectin's (GALT) product could be immunogenic, causing it to fail, but sees a chance for Gilead's simtuzumab being effective despite a lack of data being released.
News For ICPT;GALT;GILD From The Last 14 Days
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April 17, 2015
10:00 EDTICPTOn The Fly: Analyst Initiation Summary
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05:53 EDTICPTIntercept initiated with a Buy, $465 target at UBS
UBS analyst Matthew Roden started shares of Intercept Pharmaceuticals with a Buy rating and $465 price target. Roden sees a favorable risk/reward ahead of the approval and commercial launch of the company's obeticholic acid, known as OCA, in primary biliary cirrhosis. Roden also thinks OCA's opportunity in nonalcoholic steatohepatitis is being undervalued at current share levels. Shares of Intercept closed yesterday up $2.53 to $274.44.
April 15, 2015
16:01 EDTGILDOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
April 13, 2015
16:01 EDTGILDOptions Update; April 13, 2015
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09:34 EDTGILDActive equity options trading on open
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08:24 EDTICPTDeutsche Bank pharmaceuticals analyst holds an analyst/industry conference call
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06:07 EDTICPTIntercept announces several presentations evaluating OCA
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April 10, 2015
16:05 EDTGILDOptions Update; April 10, 2015
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April 9, 2015
08:20 EDTICPTWedbush reiterates $493/share acquisition value for Intercept
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06:12 EDTGILDSovaldi prices causes Medicaid spending for hepatitis C drugs to soar, WSJ says
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April 8, 2015
06:57 EDTICPTIntercept added to short-term buy list at Deutsche Bank
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April 7, 2015
17:58 EDTGILDGilead submits NDA for investigational combination for treatment of HIV-1
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16:00 EDTGILDOptions Update; April 7, 2015
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April 6, 2015
07:36 EDTGILDGilead Q1 HCV revenue poised to beat expectations, says RBC Capital
After analyzing weekly prescription data, RBC Capital believes that Gilead's weekly hepatitis C prescriptions are tracking towards $3.5B-$3.6B of revenue from hepatitis C drugs for Q1, versus the consensus outlook of about $2.6B. The firm keeps an Outperform rating on Gilead.
April 5, 2015
14:43 EDTGILDActavis seeks FDA approval to market generic version of Gilead's Letairis
Actavis (ACT) on Friday, confirmed that it has filed an Abbreviated New Drug Application with the FDA seeking approval to market Ambrisentan Tablets, 5 mg and 10 mg. Actavis' ANDA product is a generic version of Gilead Science's (GILD) Letairis, which is a treatment for pulmonary arterial hypertension. Gilead Sciences and Royalty Pharma Collection Trust filed suit against Actavis on April 1, in the U.S. District Court for the District of Delaware seeking to prevent Actavis from commercializing its ANDA product prior to the expiration of U.S. Patent number RE42,462. The lawsuit was filed under the provisions of the Hatch-Waxman Act, resulting in a stay of final FDA approval of Actavis' ANDA for up to 30 months from the date the plaintiffs received notice of Actavis' ANDA filing or until final resolution of the matter before the court, whichever occurs sooner, subject to any other exclusivities. Based on available information, Actavis believes it may be a "first applicant" to file an ANDA for the generic version of Letairis and, should its ANDA be approved, may be entitled to 180 days of generic market exclusivity. For the 12 months ending December 31, Letairis had global sales of approximately $595M, according to Gilead.

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