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Regeneron Requests Emergency Use Authorization, Analysts See Coronavirus Antibodies As Earnings Driver In 2021
Thursday, October 8, 2020 - 3:21pm | 562Regeneron Pharmaceuticals Inc (NASDAQ: REGN) said Wednesday that it requested emergency use authorization from the FDA for its investigational coronavirus antibody cocktail. The experimental drug, named REGN-COV2, was in news last week after it was administered to President...
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Bluebird Bio's Multiple Myeloma Data Reinforces Canaccord Genuity's Bullish Thesis
Monday, June 4, 2018 - 5:09pm | 292Canaccord Genuity is maintaining its bullish stance on bluebird bio Inc (NASDAQ: BLUE) and projects upside for the biotech following a positive patient response to bb2121, the company’s multiple myeloma treatment. The Analyst John Newman maintains a Buy rating on bluebird bio...
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Canaccord Slices Regeneron Price Target 32% On Eylea, Dupixent Challenges
Wednesday, February 21, 2018 - 12:07pm | 379Regeneron Pharmaceuticals Inc (NASDAQ: REGN) shares fell 31 percent over the last six months, and the company's headwinds appear unending. The biotech firm lost an advocate Wednesday on the basis of a rough outlook for Eylea and Dupixent treatments. The Rating Canaccord Genuity analyst John...
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What's Next For Regeneron After A Therapy Trial Failure?
Tuesday, November 28, 2017 - 2:30pm | 444Regeneron Pharmaceuticals Inc (NASDAQ: REGN) announced results Monday from two mid-stage studies for diabetic macular edema and age-related macular degeneration therapies. The combo did not provide sufficient differentiation to warrant a Phase 3 development,Regeneron said. The Analyst Canaccord...
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Don't Judge A Note By Its Title: Aurinia Falls On Misinterpreted 'Downgrade'
Wednesday, September 13, 2017 - 3:25pm | 442Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) fell 2.6 percent Wednesday as the Street reacted to an ostensible downgrade. Canaccord Genuity’s John Newman had long been confidently bullish on the stock, so when a new note updated coverage with a “speculative” Buy, traders...
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Amgen News Has Major Readthrough For Radius Health
Monday, May 22, 2017 - 9:43am | 349Canaccord Genuity analyst John Newman maintains his Buy rating and price target of $85 on Radius Health Inc (NASDAQ: RDUS). Newman stated, “We continue to believe that RDUS' Tymlos will become an important therapy in the osteoporosis market, increasing shareholder value. We also believe...
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Takeda's Speculative Interest In Synergy Soothes Stomach Pains; Canaccord Says Buy
Wednesday, January 25, 2017 - 3:55pm | 366Canaccord Genuity said it views Takeda Pharmaceutical Co Ltd (ADR) (OTC: TKPYY)’s speculated interest in buying Synergy Pharmaceuticals Inc (NASDAQ: SGYP) as a positive step. The potential deal could boost its GI (gastrointestine) portfolio. Speculative Interest Commenting on the indication...
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Safety Remains A Top Concern For Kite Pharma After Positive Phase 1 ZUMA-1 Data
Monday, October 10, 2016 - 2:23pm | 338Canaccord Genuity said safety remains a critical concern for the potential success of KTE-C19 following Kite Pharma Inc (NASDAQ: KITE) presenting updated data through 12 months from its Phase 1 ZUMA-1 trial in chemorefractory, aggressive non-hodgkin's lymphoma. The firm noted that the trail showed...
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Gemphire Therapeutics' Oral Cholesterol Drug Could Have $2.8 Billion Potential In U.S. Market
Tuesday, August 30, 2016 - 1:23pm | 333Canaccord Genuity said Gemphire Therapeutics Inc (NASDAQ: GEMP)'s oral cholesterol drug Gemcabene has a peak U.S. market potential of $2.8 billion. The firm initiated coverage of the stock with a Buy rating. The brokerage also set a price target of $17, implying a potential upside of 67 percent...
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Canaccord Sees $40 In Upside For Agios, Upgrades To Buy
Monday, June 13, 2016 - 11:09am | 238Agios Pharmaceuticals Inc (NASDAQ: AGIO) presented the Phase 2a data for AG-348 at the EHA in Copenhagen. The data demonstrates a significant increase in hemoglobin levels, establishing proof of concept. Canaccord Genuity’s John Newman upgraded the rating on the company from Hold to Buy,...
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Is Medivation's Congressional Letter Just Noise?
Tuesday, March 29, 2016 - 11:27am | 296Canaccord Genuity’s John Newman maintained a Hold rating on Medivation Inc (NASDAQ: MDVN), with a price target of $45. March-In Hearing “We do not expect any meaningful price changes for Xtandi based on a request from six US senators for a public hearing to consider "march-in...
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Kite Pharma Shares Its Vision: Here's How Wall Street Is Reacting
Wednesday, June 24, 2015 - 12:15pm | 290Kite Pharma Inc (NASDAQ: KITE) hopes to seek regulatory approval next year for a treatment for a form of lymphoma, an analyst said Wednesday. Jefferies' Biren Amin reiterated a Buy rating and $83 target following Kite executives meeting with analysts in New York Tuesday. Canaccord's...
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Canaccord Downgrading Agios To Hold
Thursday, April 30, 2015 - 12:26pm | 317Canaccord downgraded Agios Pharmaceuticals Inc (NASDAQ: AGIO) Thursday from Buy to Hold and cut its price target from $163 to $103. Analysts John Newman and Kevin Dai commented, “Agios announced plans to move AG-881, a dual IDH1 and IDH2 mutation inhibitor, into glioma patients, which...
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Canaccord Hot And Cold On Deals By Teva Pharmaceutical, ImmunoGen
Tuesday, March 31, 2015 - 3:52pm | 238A spate of biotech deals took place this week as Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) agreed to acquire Auspex Pharmaceuticals Inc (NASDAQ: ASPX), and ImmunoGen, Inc. (NASDAQ: IMGN) offered a far smaller sale of royalty rights on its Kadcyla breast cancer drug....
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UPDATE: Canaccord Genuity Initiates Coverage on Regeneron Pharmaceuticals on Expected Continued Pipeline Success
Wednesday, April 16, 2014 - 10:00am | 93In a report published Wednesday, Canaccord Genuity analyst John Newman initiated coverage on Regeneron Pharmaceuticals (NASDAQ: REGN) with a Buy rating and $350.00 price target. In the report, Canaccord Genuity noted, “We are initiating coverage of Regeneron with a BUY rating and $350 price target...