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News Breaks
January 4, 2013
05:25 EDTTZYM, BMYTranzyme announces succcessful completion of drug discovery collaboration with Bristol-Myers
Tranzyme Pharma (TZYM) announced the successful completion of its chemistry-based drug discovery collaboration with Bristol-Myers Squibb (BMY). As a result of the joint research efforts, Tranzyme has transferred compounds to Bristol-Myers Squibb for further development across multiple drug targets. As part of this agreement, Tranzyme retains the option to further pursue select collaboration targets for internal development. Under the terms of the agreement, Tranzyme had primary responsibility for early lead compound discovery. Bristol-Myers Squibb has primary responsibility for optimizing the identified lead compounds, and sole responsibility for completing preclinical and clinical development of all products arising from the collaboration, and for their commercialization globally. Total milestone payments under the agreement, excluding royalties and sales milestones, could reach up to approximately $80M for each target program.
News For TZYM;BMY From The Last 14 Days
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May 23, 2013
06:02 EDTBMYBristol-Myers implied volatility at upper end of index mean range
05:47 EDTBMYStocks with implied volatility movement; SKS BMY
Stocks with implied volatility movement; Saks (SKS), Bristol-Myers (BMY) according to IVolatility.
May 22, 2013
16:00 EDTBMYOptions Update; May 22, 2013
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10:33 EDTBMYBristol-Myers jumps after Citi ups rating on cancer potential
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10:16 EDTBMYBristol-Myers spikes higher following upgrade, levels to watch
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10:00 EDTBMYOn The Fly: Analyst Upgrade Summary
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06:05 EDTBMYBristol-Myers upgraded to Buy from Neutral at Citigroup
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May 21, 2013
07:34 EDTBMYUBS to host a conference
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07:24 EDTBMYGlobal Health Care to host a conference
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May 20, 2013
10:03 EDTBMYShire advances after report renews takeover speculation
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06:30 EDTBMYLeerink 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 EDTBMYShire may return cash to thwart takeover, Daily Mail reports
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May 17, 2013
13:21 EDTBMYOptions with increasing implied volatility: CPRT BMY GDI HNZ
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May 16, 2013
16:32 EDTBMYBristol-Myers announces intention to voluntarily delist preferred stock
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13:20 EDTBMYFollow-up: Bristol-Myers upgraded to Outperform from Market Perform at Leerink
Leerink upgraded Bristol-Myers citing the company's multi-billion dollar immuno-oncology prospects. The firm says there were additional responses reported in the press briefing with combination nivolumab and Yervoy. Leerink has a $51 price target for shares.
13:14 EDTBMYBristol-Myers upgraded to Outperform from Market Perform at Leerink
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08:55 EDTBMYBofA/Merrill's pharmaceuticals analysts hold analyst/industry conference call
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08:38 EDTBMYBristol-Myers shares likely to give back recent gains, says Leerink
Leerink expects shares of Bristol-Myers to give back recent gains after ASCO published abstracts last night. The firm found the abstracts as in-line with, but not above, its expectations for nivolumab alone or immuno-oncology combination therapy and keeps a Market Perform rating on Bristol-Myers.
05:52 EDTBMYStocks with implied volatility movement; BMY SLV
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May 15, 2013
11:28 EDTBMYOptions with increasing implied volatility: BMY AGNC EBIX IAU
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