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MacroGenics Analyst Sees Multiple Sources Of Upside, Biopharma Rallies After Q1 Update
Wednesday, May 6, 2020 - 12:59pm | 343MacroGenics Inc (NASDAQ: MGNX) reported Tuesday after the close with forecast-beating first-quarter results and said it has adequate cash to operate into 2022. The company also issued an update on its clinical pipeline. The MacroGenics Analyst SVB Leerink analyst Jonathan Chang reiterated an...
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Tesla's Top Attorney Calls It Quits After 2 Months, Says Not The Right Cultural Fit
Wednesday, February 20, 2019 - 9:29am | 389Tesla Inc (NASDAQ: TSLA)’s five-year general counsel stepped down this December after a high-pressure year of government scrutiny and class action lawsuits. Now, two months later, his replacement has already had enough. What Happened Dane Butswinkas decided Tesla wasn’t the right...
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Analysts Roar Praise For Aslan, But Leerink More Tepid
Wednesday, May 30, 2018 - 1:47pm | 369The Street is making up its mind on May’s market newbies, and ASLAN PHARMACEUTICALS ADR REP 5 ORD (NASDAQ: ASLN) received its judgment Wednesday. Two analysts issued Buy ratings and one a Market Perform. Here are the details on the more bearish thesis. The Rating Leerink analyst...
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Leerink: Armo Biosciences' 'Promising' Data Justifies A Bullish Stance
Tuesday, March 27, 2018 - 12:24pm | 457ARMO Biosciences Inc (NASDAQ: ARMO)'s lead product candidate AM0010 is a drug for the treatment of pancreatic ductal adenocarcinoma recently showed "promising" data that's supportive of a potentially large commercial opportunity, according to Leerink. The Analyst Leerink's...
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Leerink: Bluebird Bio's Catalysts Are Priced In
Thursday, January 25, 2018 - 11:24am | 387Shares of bluebird bio Inc (NASDAQ: BLUE) are up 360 percent over the last two years, but Leerink said the stock’s losing steam. The Rating Leerink analyst Michael Schmidt downgraded Bluebird from Outperform to Market Perform and increased the price target from $162 to $194. The Thesis...
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The Street Has Finally Recognized The Exelixis Clinical Program Potential
Friday, September 22, 2017 - 1:13pm | 526Leerink downgraded shares of Exelixis, Inc. (NASDAQ: EXEL) and lowered its price target, citing an $8.6 billion diluted market cap. The firm thinks the consensus estimates now adequately reflect the commercial potential for Cabometyx in renal cell carcinoma, and the valuation implied additional...
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Mirati Therapeutics Sitravatinib Data, Explained
Friday, September 15, 2017 - 10:42am | 395Mirati Therapeutics, Inc. (NASDAQ: MRTX) shares are skyrocketing Friday in reaction to its announcement of positive preliminary data from two ongoing clinical trials of its non-small cell lung cancer, or NSCLC, candidate sitravatinib. The company said the data will be presented at the IASLC 2017...
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Array Biopharma Sees Positive Study Results From COLUMBUS Phase 2, But Commercialization May Prove Daunting
Wednesday, May 10, 2017 - 1:12pm | 434Following Array Biopharma Inc (NASDAQ: ARRY) reporting positive top line results from part 2 of a late-stage study of its combo treatment candidate for metastatic and BRAF-mutant melanoma, Leerink thinks it will require a sizeable commercial effort to capture share in a market that has plateaued...
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Leerink Highlights Biotechs Poised To Benefit From ASH Conference
Monday, November 30, 2015 - 2:13pm | 361On Monday, Leerink issued a report previewing the American Society of Hematology annual meeting, which will be held from December 5 to December 8. Leerink believes that this meeting will have meaningful clinical updates for Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY), Juno Therapeutics Inc (...