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16:48 EDTTHRX
theflyonthewall.com: Theravance and Astellas announce submission of Telavancin MAA to EMEA
Theravance and Astellas Pharma announced that Astellas Europe submitted a Marketing Authorization Application, or MAA, to the European Medicines Agency, or EMEA, for telavancin, a bactericidal, once-daily injectable lipoglycopeptide antibiotic, for the treatment of nosocomial pneumonia, or NP, including ventilator-associated pneumonia, and complicated skin and soft tissue infections, or cSSTI, in adults. :theflyonthewall.com



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January 29, 2010
16:22 EDTTHRX
theflyonthewall.com: On The Fly: U.S. Market Wrap-Up for Friday 1/29
The futures were higher in pre-market trading after the release of the fourth quarter GDP report. The number came in well above expectations which led to a triple digit gain for the DJIA and a large advance for the major indices. The move was cemented after the release of a better-than-expected consumer confidence reading, and a better-than-expected purchasing managers’ report. The move lasted until noon, when the first cracks began to appear. The Nasdaq fell into negative territory, followed by the S&P, and finally the DJIA. With the averages unable to hold their gains, the market finished the first month of 2010 below where it ended in December …The Dow fell 53.13 to 10,067.33, the S&P lost 10.66 to 1,073.87, and the Nasdaq slipped 31.65 to 2,147.35…Among the biggest gainers: Browne & Co. (BNE) rallied 7.5% to $6.57 after being initiated at Buy at Goldman Sachs (GS). Ruddick (RDK) surged 6.7% to $28.35 after being raised to Buy from Hold at BB&T Capital Markets. The losers included: Computer Programs and Systems (CPSI) which slumped 14.5% to $37.63 after reporting Q4 results that missed estimates by 15%, and Theravance (THRX) which dropped 18.7% to $10.97 after reporting that it must submit more information to U.S. regulators regarding its experimental treatment for pneumonia. CURRENCY: The dollar closed 0.47% higher against the yen at 90.29 and 0.69% lower on the euro at 0.7212…COMMODITIES: Crude oil closed down 0.91 to 72.73...Natural gas lost 0.01 to 5.13...Gold was lower by 1.60 to 1,083.20…ECONOMIC DATA: The real GDP for the fourth quarter of 2009 was up 5.7% from the previous quarter, versus consensus of 4.5%. The GDP price index was 0.6% versus consensus of 1.3%. The Employment Cost index for the fourth quarter of 2009 was 0.5% versus consensus of 0.4%, while the year-over-year change was 1.5%. The Chicago PMI business barometer index level for January was 61.5 versus consensus of 57.0. The Consumer Sentiment index level for January was 74.4 versus consensus of 73.0. EARNINGS…Notable companies reporting Monday before the opening bell include: Gannett (GCI), Humana (HUM), NiSource (NI), and Sohu.com (SOHU). :theflyonthewall.com
09:41 EDTTHRX
theflyonthewall.com: Gappers report: Bearish gaps

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January 28, 2010
16:34 EDTTHRX
theflyonthewall.com: Theravance announces receipt of FDA letter regarding Televancin

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