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Stock Market & Financial Investment News

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February 12, 2013
04:55 EDTPLX, PLX, PLX, PLX, SHPG, SHPG, SHPG, SHPG, PFE, PFE, PFE, PFE, GEVA, GEVA, GEVA, GEVA, GSK, GSK, GSK, GSK, GENZ, GENZ, GENZ, GENZ, BMRN, BMRN, BMRN, BMRN, FOLD, FOLD, FOLD, FOLD, ALIOF, ALIOF, ALIOF, ALIOFLysosomal Disease Network / Nat'l Institues of Health to co-host a symposium
9th Annual WORLD Symposium is being held in Orlando on February 12-15.
News For PLX;SHPG;PFE;GEVA;GSK;GENZ;BMRN;FOLD;ALIOF From The Last 14 Days
Check below for free stories on PLX;SHPG;PFE;GEVA;GSK;GENZ;BMRN;FOLD;ALIOF the last two weeks.
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May 24, 2013
08:22 EDTBMRNLeerink's biotech analysts hold an analyst/industry conference call
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May 22, 2013
08:59 EDTPFEOn The Fly: Pre-market Movers
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08:25 EDTGSKGlaxoSmithKline awarded up to $200M by U.S. to develop new antibiotics
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08:06 EDTPFEZoetis comments on Pfizer’s split-off plans for remaining interest
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08:04 EDTPFEPfizer announces plan to split-off remainder of Zoetis
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08:02 EDTPFEPfizer announces plan to split-off remainder of Zoetis
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May 21, 2013
07:44 EDTGSKSachs Associates to host a forum
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07:34 EDTBMRNUBS to host a conference
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07:16 EDTPFEPfizer management to meet with Leerink
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07:07 EDTGSKTheravance pullback on Elan bid a buying opportunity, says Piper Jaffray
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May 20, 2013
17:04 EDTPFEPfizer discontinues phase 3 study of inotuzumab ozogamicin
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10:03 EDTSHPGShire advances after report renews takeover speculation
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07:27 EDTSHPGAmerican Psychiatric Association to host annual meeting
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07:14 EDTGEVASynageva says FDA grants 'Breakthrough Therapy' designation to sebelipase alfa
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07:01 EDTSHPGSangamo BioSciences announces positive data for Vivo Protein platform
Sangamo BioSciences (SGMO) announced the presentation of new data demonstrating the successful application of Sangamo's proprietary In Vivo Protein Replacement Platform to produce therapeutically relevant levels of Factor VIII in a mouse model. Sangamo has partnered with Shire (SHPG) to develop ZFP Therapeutics for both hemophilia A and B using this approach.
06:30 EDTSHPGLeerink estimates Shire takeout value at least $110 per share
Leerink says a takeover price for Shire (SHPG) would need to be at least $110 per share in order to get the company's board to consider a sale. The firm notes a Daily Mail report last night said Bristol-Myers (BMY) has engaged advisors to study an acquisition of Shire and that Shire's CEO has contacted bankers to consider anti-takeover measures. Leerink believes a Bristol-Myers takeover of Shire would make sense and keeps an Outperform rating on Shire.
06:25 EDTSHPGShire may return cash to thwart takeover, Daily Mail reports
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May 16, 2013
12:24 EDTBMRNOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
11:50 EDTBMRNCelgene, Gilead lower after new data published at ASCO
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11:15 EDTPLXHigh option volume stocks: HMY MOLX PLX DSW EGLE
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