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Why Moderna Shares Are Rebounding From Friday's Losses
Monday, October 18, 2021 - 12:27pm | 345Moderna, Inc. (NASDAQ: MRNA) shares have followed a downtrend ever since completing a double top formation in late September. After bottoming in early October, the stock reversed course and moved higher in anticipation of authorization for its COVID-19 booster shot. U.S. Food and Drug...
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Moderna Puts Its First Seasonal Flu Vaccine In The Clinic
Wednesday, July 7, 2021 - 12:13pm | 230Moderna Inc (NASDAQ: MRNA) has initiated a Phase 1/2 study and dosed the first patient with mRNA1010, its quadrivalent vaccine for seasonal flu. The candidate is designed to target lineup lineages that include influenza A H1N1, H3N2, and influenza B Yamagata and Victoria. The 180-subject...
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Moderna Analyst Says Biotech Has 'First-To-Market' Potential For Coronavirus Vaccine
Monday, May 18, 2020 - 4:42pm | 634Moderna Inc (NASDAQ: MRNA) shares were trading at new highs Monday following the release of positive interim Phase 1 immunogenicity and safety data for its mRNA-1273 coronavirus vaccine candidate. The Moderna Analysts Goldman Sachs analyst Salveen Richter maintained a Buy rating on Moderna...
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Analysts React To Arrowhead's Janssen Collaboration: Downside In Stock May Be 'Misguided'
Thursday, October 4, 2018 - 1:53pm | 492Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) stock tanked 15 percent Thursday after the company announced a new $3.7-billion deal to license its ARO-HBV treatment for chronic hepatitis B to Johnson & Johnson (NYSE: JNJ) subsidiary Janssen Pharmaceuticals. Investors clearly weren’t...
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Piper Jaffray, Stifel Defend Array Biopharma As Stock Falls On Profit-Taking
Thursday, June 28, 2018 - 11:42am | 408The Food and Drug Administration approved Array Biopharma Inc (NASDAQ: ARRY)’s combination therapy of Mektovi and Braftovi in the treatment of BRAF-mutant melanoma on Wednesday. The stock, which rallied ahead of the news, subsequently plunged as investors walked with profits — but...
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Why Investors Should Take Another Look At Alnylam Pharmaceuticals
Monday, October 24, 2016 - 3:31pm | 234Piper Jaffray reiterated its Overweight rating and $106 target price on Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) despite discontinuation of ENDEAVOUR trial of Revusiran as it sees value in the company’s RNAi pipeline. “While we await clinical data, we believe the death imbalance...
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The Search For Silver Linings In The Cloud Of Negative Novavax News
Monday, September 19, 2016 - 11:35am | 497It’s hard to find a silver lining following news that sends a stock crashing 84.5 percent in one day. However, following devastating news that the Phase III RESOLVE trial of its RSV vaccine failed to deliver the desired results, Novavax, Inc. (NASDAQ: NVAX) shareholders are looking for any...
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'We're Confident Arrowhead's ARC-520 Is Active Drug For HBV,' Piper Jaffray Says
Friday, September 25, 2015 - 12:04pm | 396Shares of Arrowhead Research Corp (NASDAQ: ARWR) lost more than 50 percent from a year ago. Edward Tenthoff of Piper Jaffray left Arrowhead's R&D day "more confident" that the company's ARC-520 is an active drug for HBV. Tenthoff maintained an Overweight rating with a price target boosted to $...
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4 Biotechs Piper Jaffray Is Buying On The Pullback
Wednesday, August 26, 2015 - 3:27pm | 436Biotech analysts at Piper Jaffray stated in a note on Wednesday that "we are buyers on weakness" of select biotech names that boast strong enough balance sheets to "make it through" upcoming value-driving events. The analysts, led by Edward Tenthoff, singled out Vertex Pharmaceuticals Incorporated...
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Baird And Piper Jaffray Love Vertex: Here's Why
Tuesday, July 7, 2015 - 2:56pm | 659Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) excited Wall Street on July 2 after the company announced that the U.S. Food and Drug Administration (FDA) approved its pipeline drug, Orkambi. For the first time in history, there is a medicine to treat the underlying cause of the most common...
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UPDATE: Piper Jaffray Downgrades Trius Therapeutics Following Cubist Acquisition
Wednesday, July 31, 2013 - 11:20am | 209In a report published on Wednesday, Piper Jaffray analyst Edward Tenthoff downgraded Trius Therapeutics (NASDAQ: TSRX) from Overweight to Neutral and raised the price target from $11.00 to $14.82. In the report, Piper Jaffray stated, "Yesterday, Cubist (CBST) announced the acquisition of Trius...
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UPDATE: Piper Jaffray Downgrades ISIS Pharmaceuticals on Limited Ownership of Pipeline
Tuesday, July 23, 2013 - 3:56pm | 175In a report published Tuesday, Piper Jaffray analyst Edward Tenthoff downgraded ISIS Pharmaceuticals (NASDAQ: ISIS) from Neutral to Underweight, but at the same time raised the price target from $12 to $20. In the report, Piper Jaffray stated, “Isis is currently valued at a market cap of $3.5...
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UPDATE: Piper Jaffray Downgrades Omthera Pharmaceuticals to Neutral on AstraZeneca Acquisition
Tuesday, May 28, 2013 - 11:32am | 203In a report published on Tuesday, Piper Jaffray analyst Edward Tenthoff downgraded Omthera Pharmaceuticals (NASDAQ: OMTH) from Overweight to Neutral and lowered the price target from $15.00 to $13.40. In the report, Piper Jaffray noted, "AstraZeneca is acquiring Omthera for $12.70 per share...
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Vivus Tumbles 70% on FDA Disapproval; Piper Jaffray Urges You to Buy Arena (ARNA, VVUS)
Friday, July 16, 2010 - 10:07am | 144The FDA Advisory Committee voted 9 to 7 yesterday against approval of Vivus' (NASDAQ: VVUS) Qnexa, a fat-fighting pill. Vivus tumbled 60% today on the news to just over $5. Concerns arose over Qnexa's safety, especially suicide and cardiovascular risk at high doses. Piper Jaffray believes that even...
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Piper Jaffray Impressed By New Regeneron Drugs (REGN)
Thursday, July 1, 2010 - 9:36am | 110Piper Jaffray analysts Chad Messer and Edward Tenthoff visited Regeneron (NADAQ:REGN) yesterday, where they were impressed by the biotech company's new product lines. Piper Jaffray said, "Regeneron fits our thesis that well financed biotech companies with innovative drug launches over the next 2...