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Stock Market & Financial Investment News

News Breaks
March 21, 2014
08:10 EDTMRK, ECYTMerck Endocyte announce 'positive opinions' for VYNFINIT, FOLCEPRI, NEOCEPRI
Merck (MRK) and Endocyte (ECYT) announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has issued "positive opinions" for the Conditional Marketing Authorisations of VYNFINIT and companion imaging components, imaging agent FOLCEPRI and NEOCEPRI for the treatment of adult patients with folate receptor-positive, platinum-resistant, ovarian cancer, in combination with pegylated liposomal doxorubicin. The applications for Conditional Marketing Authorization for vintafolide, etarfolatide and IV folic acid were submitted based on results in platinum-resistant ovarian cancer patients who express the folate receptor on all target lesions as evaluated in the PRECEDENT Phase 2 study. The CHMP positive opinions will be reviewed by the European Commission. If approved, the EC grants a centralized marketing authorization with unified labeling that is valid in the 28 countries that are members of the European Union, as well as European Economic Area members Iceland, Liechtenstein and Norway. The EC usually issues a final legally binding decision within three months of a CHMP opinion.
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July 31, 2014
09:54 EDTMRKSunTrust recommends swapping into Merck and out of Pfizer
SunTrust recommends swapping into Merck (MRK) and out of Pfizer (PFE). The firm sees more upside to Merck's numbers and notes Pfize has lost a considerable amount of exclusivity and pipeline contribution will not be enough to make up the difference.
07:06 EDTMRKColumbia Laboratories CEO sees Q3 revenues improving
Columbia Laboratories (CBRX) CEO stated, "The routine license renewal by Merck (MRK) Serono for one of its high-volume, high-margin markets is expected to be complete in 2H14, whereupon normal shipments will then resume at the beginning of 2015. The new license will be in place for five years, thereby restoring the predictability of this long-term revenue stream. In the interim, Merck Serono placed an order with us as part of a one-time exception during the renewal process. The order will be shipped in Q3 and benefit that quarter's revenues. In terms of the services business, we expect a sequential improvement in Q3 revenues due to successful recent business development activities and customer interest in our comprehensive suite of advanced technologies."
July 29, 2014
18:35 EDTECYTOn The Fly: After Hours Movers
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16:29 EDTECYTEndocyte reports Q2 EPS 52c, may not compare to consensus 14c
Reports Q2 revenue $49.2M, may not compare to consensus $22.09M.
12:13 EDTMRKOn The Fly: Midday Wrap
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09:44 EDTMRKMerck CEO says has not been urged for big consolidation deal, CNBC says
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08:32 EDTMRKMerck says not interested in deal solely, primarily for inversion
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07:19 EDTMRKCBI to hold a conference
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06:59 EDTMRKMerck sees FY14 revenue $42.4B-$43.2B, consensus $42.56B
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06:58 EDTMRKMerck reports Q2 Januvia sales $1.58B, Q2 Zetia sales $1.13B
Reports Q2 Remicade sales $607M; Q2 Isentress sales $453M; Q2 Gardasili sales $409M; Q2 Proquad sales $326M; Q2 Singulair sales $284M; Q2 Nanosex sales $258M.
06:57 EDTMRKMerck sees FY14 non-GAAP EPS $3.43-$3.53, consensus $3.48
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06:57 EDTMRKMerck reports Q2 non-GAAP EPS 85c, consensus 81c
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July 28, 2014
15:47 EDTMRKNotable companies reporting before tomorrow's open
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14:03 EDTMRKEarnings Preview: Merck's pharmaceutical sales dependent on newer drugs
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10:36 EDTMRKMerck August weekly volatility elevated into Q2 and outlook
Merck August weekly call option implied volatility is at 26, August is at 16, September is at 15, January is at 16; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q2 result on July 29.
July 24, 2014
08:32 EDTMRKMerck initiates Phase 3 study of Letermovir
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July 21, 2014
07:21 EDTMRKGilead could be hurt by new HCV drugs, says Wells Fargo
Noting that data on a new Merck (MRK) HCV treatment is expected in November, Wells Fargo thinks Merck's HCV drug could be combined with Gilead's (GILD) Sovaldi to shorten the duration of treatment to four weeks. Other companies could take similar actions, and Gilead's per patient revenues would be significantly reduced if this occurs, the firm warned. However, it continues to have an upbeat outlook on Gilead heading into what it sees as a strong quarter and is still upbeat on the company's long-term HCV opportunity. It keeps an Outperform rating on Gilead.
06:43 EDTMRKGrowing market for hepatitis-C treatment prompts legal scramble, WSJ says
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