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Stock Market & Financial Investment News

News Breaks
February 28, 2014
09:59 EDTNCI, DYAX, BCRX, VRTS, EPE, SBNY, MGLNOn The Fly: Analyst Initiation Summary
Magellan Health (MGLN) initiated with a Market Perform at Leerink... Virtus Investment Partners (VRTS) initiated with a Neutral at BofA/Merrill... Signature Bank (SBNY) coverage resumed with a Buy at Goldman... Dyax (DYAX) initiated with an Outperform at Oppenheimer... BioCryst (BCRX) initiated with a Perform at Oppenheimer... Navigant Consulting (NCI) initiated with a Buy at UBS... EP Energy (EPE) initiated with an Equal Weight at Morgan Stanley.
News For MGLN;VRTS;DYAX;SBNY;BCRX;NCI;EPE From The Last 14 Days
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November 24, 2014
10:00 EDTEPEOn The Fly: Analyst Initiation Summary
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07:12 EDTEPEEP Energy initiated with a Buy at KLR Group
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November 20, 2014
15:14 EDTBCRXTraveler returned from Mali being tested for Ebola in NYC, Daily News reports
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09:48 EDTNCINavigant Consulting removed from Conviction List at Avondale
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08:15 EDTMGLNMagellan Health talks with Louisiana pose 5% earnings risk, says Leerink
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08:10 EDTMGLNMagellan Health says Louisiana looking to reduce term of contract
Magellan Health currently has a contract with the Louisiana Department of Health and Hospitals to manage behavioral health care for Medicaid recipients and other beneficiaries through the Louisiana Behavioral Health Partnership. The current contract, which generates annual revenue of approximately $150M, is currently scheduled to expire on February 28, 2015. The company disclosed last night that it submitted a proposal pursuant to a request for proposals issued by the Louisiana Department for a new expanded contract including the management of behavioral health care and other new services for Medicaid and other beneficiaries with a term ending on December 31, 2016. The Louisiana Department recently notified Magellan that it was the successful bidder and that it intends to recommend that the company be awarded the New contract. At a subsequent meeting, Magellan said the Louisiana Department informed the company that it has decided that the term of the new contract will be for a shortened term expiring on November 30, 2015 instead of December 31, 2016, after which the behavioral health care and other services to Medicaid and other beneficiaries will be transitioned to the general Medicaid managed care plans in Louisiana. Magellan informed the Louisiana Department that it is not practicable for the company to accept a shortened term on the new contract. It added it and the Louisiana Department are "currently discussing reducing the scope of services contained in the RFP to be rendered under the New Contract such that they are comparable to the services rendered by the Company under the Current Contract, with a reduced term ending November 30, 2015." Magellan said it cannot predict whether it will reach an agreement with the Louisiana Department. It added, "Accordingly, there is no assurance that the Company and the Louisiana Department will be able to reach an agreement on the New Contract. In the event agreement is not reached on the New Contract, the Current Contract would expire on February 28, 2015."
November 17, 2014
08:44 EDTBCRXNebraska Medical announces death of third Ebola patient
The Nebraska Medical Center said via Twitter, "We are sorry to announce that the 3rd Ebola patient, Dr. Martin Salia, has passed away as a result of the advanced symptoms of the disease." Drug companies that are working on experimental Ebola vaccines or treatments include Peregrine (PPHM), Tekmira (TKMR), Sarepta (SRPT), BioCryst (BCRX), Chimerix (CMRX) and NewLink Genetics (NLNK). Some companies that offer protective clothing and waste disposal include Lakeland Industries (LAKE), Alpha Pro Tech (APT) and Sharps Compliance (SMED).
November 14, 2014
16:23 EDTDYAXDyax files automatic mixed securities shelf
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November 13, 2014
10:42 EDTDYAXSummer Street chief scientific officer holds an analyst/industry conference call
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November 12, 2014
07:28 EDTSBNYBofA/Merrill to hold a conference
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