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Stock Market & Financial Investment News

News Breaks
May 20, 2014
10:04 EDTSYK, TRNX, JNJ, IART, ZMH, SNN, WMGIVolume trends from CCJR meeting positive for Zimmer, says Piper Jaffray
Piper Jaffray said it has more confidence in improving volume trends in the orthopedic market following its attendance at the Current Concepts in Joint Replacement meeting, which it views as particularly positive for Zimmer (ZMH). The firm also said the trends and expectations pointed to at the meeting were positive, but to a lesser extent, for Tornier (TRNX), Wright Medical (WMGI), Integra LifeSciences (IART), Stryker (SYK), Smith & Nephew (SNN) and Johnson & Johnson (JNJ).
News For ZMH;TRNX;WMGI;IART;SYK;SNN;JNJ From The Last 14 Days
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July 2, 2015
10:15 EDTSYKMarathon Patent unit gets favorable early ruling of infringement of '260 patent
Marathon Patent Group (MARA) announced that on July 1, in the patent infringement action filed by its wholly-owned subsidiary, MedTech Development Deutschland GmbH involving the patent EP 1 104 260 B2 the Munich District Court of Germany expressed in its preliminary opinion that the following defendants, Joline GmbH & Co. KG, Signus Medizintechnik GmbH and PanMedical, infringe the '260 patent. The '260 patent had previously been accused of invalidity by Stryker GmbH & Co. KG (SYK). In a nullity hearing held June 19, the five-judge panel at the Federal Patent Court, after carefully considering all facts and arguments brought by Stryker, deliberated and returned with the unrestricted verdict that "All claims are valid."
08:10 EDTIARTSeaSpine begins trading on NASDAQ
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July 1, 2015
16:33 EDTJNJGilead submits NDA to FDA for single tablet regimen for HIV containing R/F/TAF
Gilead Sciences (GILD) announced that it has submitted a New Drug Application, or NDA, to the FDA for an investigational, once-daily single tablet regimen that combines Gileadís emtricitabine 200 mg and tenofovir alafenamide, or TAF, 25 mg with rilpivirine 25 mg, or R/F/TAF, from Janssen Sciences Ireland UC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ), for the treatment of HIV-1 infection in adult and pediatric patients 12 years of age and older. The data submitted in the NDA support the use of R/F/TAF among patients who are HIV treatment-naÔve or who are virologically suppressed and want to replace their current antiretroviral treatment regimen. A Priority Review voucher acquired from Knight Therapeutics in November 2014 was submitted to the FDA along with the R/F/TAF NDA. Under the Prescription Drug User Fee Act, or PDUFA, the anticipated target action date for the R/F/TAF NDA is six months after the FDAís acceptance of the filing. TAF is a novel, investigational nucleotide reverse transcriptase inhibitor, or NRTI, that has demonstrated high antiviral efficacy at a dose less than one-tenth that of Gileadís Viread, as well as improved renal and bone laboratory parameters as compared to TDF in clinical trials in combination with other antiretroviral agents. In addition to R/F/TAF, two other TAF-based HIV treatments are also under FDA review.
June 30, 2015
16:56 EDTZMHKKR 2006 Fund reports 14.8% stake in Zimmer
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16:39 EDTZMHLVB Acquisition Holding reports 14.8% stake in Zimmer
June 29, 2015
06:57 EDTIARTIntegra LifeSciences to host conference call
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June 28, 2015
12:28 EDTIARTIntegra LifeSciences to acquire TEI for $312M
Integra LifeSciences, TEI Biosciences, and TEI Medical announced a definitive agreement under which Integra will acquire all of the outstanding shares of TEI Biosciences and TEI Medical for $312M cash at closing. The companies expect to complete this transaction during Q3. Preliminarily, Integra expects the acquired revenue to increase high single digits in the first full year after closing. Integra will provide further guidance, including expectations for 2015 financial performance, when it reports Q2 results in late July. "Upon closing, we expect this deal to be immediately accretive to our adjusted EBITDA and operating margins, and slightly accretive to our adjusted EPS, including the effects of any financing transactions that may close subsequent to the closing of the TEI acquisition," said Integra CFO Glenn Coleman. Integra also noted that the acquisition will expand its sales force with the addition of roughly 125 sales reps and managers.
June 25, 2015
10:00 EDTZMHOn The Fly: Analyst Downgrade Summary
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05:32 EDTZMHZimmer downgraded to Hold from Buy at Brean Capital
Brean Capital downgraded Zimmer to Hold saying uncertainty over 2016 earnings potential following the Biomet acquisition is likely to linger for several quarters. Brean sees little room for multiple expansion pending greater clarity.
June 24, 2015
13:14 EDTZMHZimmer trading resumes, shares up 96c to $113.66
13:11 EDTZMHZimmer Biomet sees 2015 constant currency revenue growth 1.5%-2.0%
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13:09 EDTZMHZimmer announces completion of Biomet acquisition
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13:00 EDTZMHZimmer trading halted, pending news
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11:54 EDTZMH, SNNSmith & Nephew to acquire Zimmer Unicondylar Knee system in U.S. market
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11:32 EDTZMH, SNNZimmer required by FTC to divest assets as condition of Biomet acquisition
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June 23, 2015
10:00 EDTSNNOn The Fly: Analyst Upgrade Summary
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05:30 EDTSNNSmith & Nephew upgraded to Buy from Neutral at UBS
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June 22, 2015
07:43 EDTSYKStryker management to meet with Deutsche Bank
Meeting to be held in Paris on June 22 hosted by Deutsche Bank.

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