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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:56 EDTSLXPSalix price target raised to $192 from $126 at Piper Jaffray
Piper Jaffray raised its price target for Salix Pharmaceuticals shares to $192 to reflect the Cosmo merger and contribution from Xifaxan in diarrhea-predominant irritable bowel syndrome. Piper sees low FDA risk given the IBS data and reiterates an Overweight rating on the stock.
News For SLXP From The Last 14 Days
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July 23, 2014
10:02 EDTSLXPOn The Fly: Analyst Initiation Summary
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08:10 EDTSLXPDeutsche Bank hosts an analyst Specialty Pharma/Industry conference call
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July 22, 2014
16:08 EDTSLXPSalix initiated with a Hold at Deutsche Bank
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July 17, 2014
05:24 EDTSLXPSalix, Pharming Group announces FDA approval of Ruconest
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July 16, 2014
09:12 EDTSLXPLeerink healthcare analyst holds an analyst/industry conference call
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July 14, 2014
07:07 EDTSLXPFDA says RELISTOR can be approved on data submitted in sNDA
Salix Pharmaceuticals (SLXP) and Progenics Pharmaceuticals (PGNX) announced that the Food and Drug Administration has informed Salix that RELISTOR can be approved on the data submitted in the sNDA. The FDA Office of Drug Evaluation III responded to the company’s formal appeal filed in response to the Complete Response Letter of July 27, 2012 to the supplemental NDA ) for RELISTOR. The Agency’s letter stated that, “Salix’s request that FDA approve the supplemental NDA for RELISTOR subcutaneous injection for the treatment of opioid-induced constipation in patients with chronic non-cancer pain based on the submitted data is granted.” This request for a proposal for a post-marketing observational study is in accordance with recommendations of the June 11-12, 2014 meeting of the Anesthetic and Analgesic Drug Product Advisory Committee. Salix will work with the DGIEP in an effort to provide information to the division that will enable the division to approve RELISTOR for use by patients with chronic non-cancer pain and experiencing OIC.
July 11, 2014
16:46 EDTSLXPStocks end week lower on European, Fed concerns
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09:19 EDTSLXPSalix price target raised to $165 from $130 at Sterne Agee
Sterne Agee increased its price target on Salix (SLXP) to reflect recent data on the company's Xifaxan irritable bowel treatment. The firm views the data as very strong and now sees a 90% chance that the treatment will be approved. Sterne Agee also cited the reduction of the company's taxes following its merger with Cosmo Tech as a reason for its target increase. Sterne keeps a Buy rating on Salix.

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