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Stock Market & Financial Investment News

News Breaks
November 11, 2012
12:09 EDTVRTXVertex presents new Phase 3 data on HCV treatment with twice-daily telaprevir
Vertex Pharmaceuticals announced that new data from a Phase 3 study in people being treated for hepatitis C for the first time showed similar rates of viral cure (SVR12, HCV RNA levels < 25 IU/mL 12 weeks after the end of all treatment) when telaprevir was given twice daily compared to three times daily, the currently approved dosing schedule. Telaprevir is approved for use in combination with pegylated-interferon and ribavirin by the U.S. Food and Drug Administration, FDA, and Health Canada under the brand name INCIVEK® (telaprevir) tablets for people with genotype 1 chronic hepatitis C virus, HCV, with compensated liver disease (some level of damage to the liver but the liver still functions), including cirrhosis (scarring of the liver). In addition, new data from a Phase 2 study demonstrated that approximately three of four people co-infected with HCV and HIV achieved an HCV viral cure (SVR24, HCV RNA levels < 25 IU/mL 24 weeks after the end of all treatment) with telaprevir combination treatment. These and other new data on Vertex’s medicines in development for hepatitis C were presented at The Liver Meeting®, the 63rd Annual Meeting of the American Association for the Study of Liver Diseases, AASLD.
News For VRTX From The Last 14 Days
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June 19, 2013
12:06 EDTVRTXOptions with decreasing implied volatility: DISH VRTX SUPN S
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June 18, 2013
11:43 EDTVRTXOptions with decreasing implied volatility: PVH VRTX EWG
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08:36 EDTVRTXElan shares could be worh $19 in a buyout, says Jefferies
Jefferies raised its price target for shares of Elan (ELN) to $19 from $14, reflecting what it sees as the value of the company in a takeout scenario. The firm says Elan management suggested they would be open to sale in the $15-$20 per share range. Jefferies believes a high taxpaying suitor could pay the upper end of that range, and lists Allergan (AGN), Regeneron (REGN), Vertex (VRTX), Alexion (ALXN), Zoetis (ZTS), Mylan (MYL) and Perrigo (PRGO) as potential acquirers for Elan. Shares of Elan are up 13c to $13.62 in pre-market trading after Royalty Pharma announced that its buyout proposal for the company has expired.
June 17, 2013
07:28 EDTVRTXCambridge Healthtech Institute to host a conference
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June 14, 2013
09:38 EDTVRTXVertex has a conference call hosted by JPMorgan
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07:25 EDTVRTXVertex CF data positive, says RBC Capital
RBC Capital believes that data on Vertex's CF drug looked good and lowers the risk of the treatment. The firm expects the company to report good Phase III results for the drug in summer 2014, and it reiterates an Outperform rating on the stock.
June 12, 2013
07:33 EDTVRTXEuropean Cystic Fibrosis Society to host a conference
36th ECFS Conference is being held in Lisbon, Portugal on June 12-15.
June 11, 2013
14:37 EDTVRTXSMC posts decision on Kalydeco resubmission to website
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07:31 EDTVRTXGoldman to host a conference
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