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Biotech Stock On The Radar: FDA Verdict Ahead For Pfenex's Osteoporosis Biosimilar
Thursday, October 3, 2019 - 3:49pm | 1635Pfenex Inc (NYSE: PFNX) has a key binary event coming up: mark your calendar for Oct. 7, when the FDA is scheduled to issue its verdict on the company's lead drug candidate. Through its production platform Pfenex Expression Technology, the biotech Pfenex engages in the development of high-value...
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Attention Biotech Investors: Mark Your Calendar For These November PDUFA Dates
Thursday, November 1, 2018 - 9:26am | 1612October was a volatile month for the markets, and biotech stocks were no exception. The iShares NASDAQ Biotechnology Index (NASDAQ: IBB) had slipped about 17 percent in the period. This compares to S&P 500's 7 percent retreat. As we enter the last leg of the year, here are a few PDUFA...
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Leerink Upgrades Mylan On Barrage Of Catalysts, Diversified Platforms
Thursday, April 12, 2018 - 12:26pm | 390Mylan NV (NASDAQ: MYL)’s had a rough three years, but one analyst left the pharma company's investor day with fresh optimism. The Rating Leerink analyst Ami Fadia upgraded Mylan from Market Perform to Outperform and maintained a $52 price target. The Thesis By Leerink’s...
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Amgen Stock Falls After 'Boring' Q3 Beat
Thursday, October 26, 2017 - 10:49am | 449Reviewing Amgen, Inc. (NASDAQ: AMGN)'s third-quarter results, Cowen said the results were boring but very safe. The firm maintains its Buy rating and $209 price target for the shares of the company. At the time of writing, shares of Amgen were trading down 1.67 percent at $174.54. Analysts...
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Amgen Shares Could Gain $2-$4 As Competitor Coherus Receives CRL
Tuesday, June 13, 2017 - 9:53am | 450Can one man's pain be another man's gain? It seems so. Even within the stock market, this phenomenon is present, seen through sympathy moves, which result in stocks belonging to the same sector/industry or having the same category of products moving either in tandem with each other or in opposite...
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Pegfilgrastim To Help Chemotherapy Patients Fails To Clear Regulatory Hurdle; Coherus Receives CRL
Monday, June 12, 2017 - 10:08am | 686Coherus Biosciences Inc (NASDAQ: CHRS) shares were down steeply in pre-market trading after the company announced it has received a complete response letter from the FDA for its abiologic license application, or aBLA, for CHS-1701, a pegfilgrastim biosimilar candidate to Amgen, Inc. (...
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Tracking The Busy June PDUFA Calendar
Tuesday, May 30, 2017 - 8:58am | 1602The hot biotech space is set to witness a month of brimming activity in June, as several prospective treatment candidates are up on the altar to receive the blessings of the FDA. Two new molecular entities were approved in May, taking the tally for this year to 20. How The Sector Has Fared Thus...
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It's Easy To Be Skeptical Of Mylan, But Don't Ignore This Pending PDUFA Date
Monday, May 22, 2017 - 12:25pm | 600Commenting on Mylan N.V. (NASDAQ: MYL), Barclays said there's understandably reason to be skeptical that the company will win approval for its generic version of Copaxone now after years of promises. That said, the firm thinks Mylan's chances are better than current market expectations. Analysts...
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How Did A Maligned Mylan Surprise To The Upside With 2017 Outlook?
Friday, March 10, 2017 - 12:02pm | 433“While new approvals hurt Mylan N.V. (NASDAQ: MYL) on price (during Q3), the company has defended share effectively; a point management highlighted but we believe has been underappreciated,” Barclays’ Douglas D. Tsao said in a note. The analyst maintains an Equal-Weight rating on...
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Orphan Drugs Among 2015's Top 10 Best-Selling Medications
Wednesday, January 18, 2017 - 11:40am | 453Orphan drugs, drugs intended to prevent, diagnose or treat rare diseases/disorders, are huge sellers for the pharmaceutical industry. NPR, citing data from EvaluatePharma, noted that seven of the 10 best-selling drugs in the United States throughout 2015 were given an orphan drug status. The main...
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Stiff Biosimilar Headwinds To Negatively Impact Amgen's Aging Drug Portfolio
Wednesday, June 29, 2016 - 12:07pm | 239Bernstein's Aaron Gal initiated Amgen, Inc. (NASDAQ: AMGN) at Market Perform and set a price target of $161. The company will have a hard time offsetting "stiff biosimilar headwinds," Gal noted. Amgen has a very old drug portfolio with G-CSFs, ESAs and Enbrel accounting for over 100 percent of its...