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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:25 EDTRHHBYRoche deal for unproven Seragon should give investors pause, WSJ says
Roche's deal to buy Seragon Pharmaceuticals, which was formed only last year and has one breast cancer drug in early stage trials, for $725M plus up to $1B in milestone payments, should "give health care investors pause," said The Wall Street Journal's "Heard on the Street" column. The story noted that the global pharmaceutical sector's forward earnings multiple has expanded from less than 11 times two years ago to almost 16 times now. Reference Link
News For RHHBY From The Last 14 Days
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July 1, 2015
08:46 EDTRHHBYExelixis says FDA extends PDUFA action date for cobimetinib NDA
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June 30, 2015
05:30 EDTRHHBYGenentech reports ocrelizumab Phase III studies met primary, secondary endpoints
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June 25, 2015
14:03 EDTRHHBYRoche initiated with a Buy at HSBC
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June 24, 2015
09:07 EDTRHHBYCAR-T cancer drug researchers seen as M&A targets, Bloomberg says
Juno Therapeutics (JUNO), Kite Pharma (KITE) and Bluebird Bio (BLUE) are trading well above their IPO levels as takeovers predictions have spurred interest and share increases for the developers of CAR-T gene therapies, said Bloomberg's "Real M&A" column, quoting Dimo Dimov, a professor at the University of Bath’s School of Management, as having said that companies such as Pfizer (PFE), Merck (MRK), Roche (RHHBY) and AstraZeneca (AZN) are "closely watching" the firms. Cellectis (CLLS), which is working with Pfizer on its own approach to CAR-T therapy, has said it wants to bring its therapy to market and doesn’t anticipate a sale, the report noted. Reference Link
June 17, 2015
07:14 EDTRHHBYProthena announces PRX002 was safe, well tolerated
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