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Stock Market & Financial Investment News

News Breaks
April 22, 2014
07:05 EDTPGNX, SLXPSalix, Progenics announce RELISTOR EMA submission accepted
Salix (SLXP) and Progenics (PGNX) announced that the submission to the European Medicines Agency of RELISTOR has been accepted for review. If approved, this will add to the current marketing authorization in the European Union, which allows for the use of RELISTOR in advanced illness patients. The marketing of RELISTOR for the treatment of OIC in advanced illness patients was approved in the European Union in 2008, and is currently approved in more than 50 countries. If approved, it is anticipated that RELISTOR will be immediately available to this newly expanded population of patients in the EU using opioids to control chronic pain.
News For SLXP;PGNX From The Last 14 Days
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December 18, 2014
15:23 EDTSLXPSalix stake taken by Paulson & Co., Reuters reports
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15:12 EDTSLXPSalix stake taken by Paulson & Co., some holders urging sale, Reuters says
December 17, 2014
10:02 EDTSLXPOn The Fly: Analyst Downgrade Summary
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09:05 EDTSLXPSalix reinstated with a Market Perform from Outperform at JMP Securities
After Salix provided an updated plan for an expedited inventory work-down, issued 2015-2016 guidance,and announced a three month extension of its Xifaxan IBS PDUFA, JMP Securities thinks the company's guidance reflects unsustainable low tax rates. The firm believes the PDUFA delay may indicate that there are higher odds that the company will have to face another Advisory Committee meeting which Salix does not expect. The firm does not expect the company to be bought in the near-term.
08:41 EDTSLXPSalix price target raised to $127 from $108 at Leerink
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07:54 EDTSLXPSalix price target raised to $147 from $117 at Canaccord
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07:38 EDTSLXPSalix price target raised to $136 from $116 at UBS
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07:27 EDTSLXPSalix price target raised to $123 from $103 at Jefferies
Jefferies raised its price target for Salix Pharmaceuticals shares to $123 saying the company's accelerated inventory drawdown is one year ahead of expectations. It also notes that while the PDUFA was extended for Xifaxan IBS-D, not complete response letter was issued. Jefferies still expects FDA approval in FY15 and keeps a Buy rating on Salix.
07:24 EDTSLXPSalix price target raised to $130 from $119 at Piper Jaffray
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December 16, 2014
12:46 EDTSLXPSalix still ideal takeover target as destocking accelerated, says Brean Capital
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09:16 EDTSLXPOn The Fly: Pre-market Movers
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07:07 EDTSLXPSalix expects to achieve wholesale inventory targets by year-end 2015
07:07 EDTSLXPSalix sees FY16 EPS $8.50-$9.50
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07:06 EDTSLXPSalix sees FY15 EPS $3.10-$4.10, consensus $4.49
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07:04 EDTSLXPSalix says FDA extends PDUFA data for Xifaxan 550 to May 27, 2015
Salix announced that on December 15, 2014, the FDA provided written notice to the company that it has extended the Prescription Drug User Fee Act Action Date for XIFAXAN 550 for the treatment of irritable bowel syndrome with diarrhea, or IBS-D, to May 27, 2015. The company remains confident that FDA approval for XIFAXAN 550 for the treatment of IBS-D will be obtained, and it maintains its previously-announced peak year sales estimate for this product of approximately $2.1B. However, there is no assurance that FDA approval will be obtained in a timely manner or at all.
07:03 EDTSLXPSalix accelerating reduction of wholesale inventory levels of Xifaxan 550
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07:02 EDTSLXPSalix withdraws previously issued guidance for Q4, FY14
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December 10, 2014
13:59 EDTSLXPSalix shares defended at Sterne Agee
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