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Alexion Trades Lower Amid Amgen-Celgene News
Monday, August 26, 2019 - 12:55pm | 320Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) shares climbed 7.5% last Thursday on rumors of a potential buyout and have since given up all of those gains. Alexion develops therapies for rare diseases and has been rumored to be a takeover target for Amgen, Inc. (NASDAQ: AMGN) for about a year. The...
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Amgen's Proposed $13.4B Acquisition Of Celgene's Otezla: What You Need To Know
Monday, August 26, 2019 - 10:17am | 663Amgen, Inc. (NASDAQ: AMGN) is beefing up its inflammatory disease drug portfolio with a blockbuster psoriasis drug that Celgene Corporation (NASDAQ: CELG) is being forced to divest as a regulatory requirement for the completion of its previously announced merger agreement with Bristol-...
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Attention Biotech Investors: Mark Your Calendar For These July PDUFA Dates
Monday, July 1, 2019 - 7:14am | 809The FDA went overdrive in the month of June, deciding on several regulatory applications before the July 4 holiday. There were favorable outcomes as well as disappointments. Acer Therapeutics Inc (NASDAQ: ACER) went about a freefall, shedding about 79% in a single session after the FDA issued a...
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Celgene CEO: Strong Q1 Led To Improved Full-Year Guidance
Friday, May 4, 2018 - 2:35pm | 417Biopharma Celgene Corporation (NASDAQ: CELG) reported first-quarter earnings, lowered its 2018 full-year EPS guidance and raised its sales guidance for the year before the open Friday. What Happened Total net product sales of $3.53 billion in Q1 were 20 percent higher from the same...
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Upside And Downside Scenarios For Celgene; Is The Selloff Overdone?
Thursday, October 26, 2017 - 3:18pm | 610Celgene Corporation (NASDAQ: CELG) stock tanked Thursday, dropping close to 20 percent on roughly nine times its average volume. The downside was orchestrated by weaker-than-expected third-quarter revenues announced by the company Thursday. At the time of writing, shares of Celgene were down...
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Has Celgene Become Vulnerable To 'Revenue Concentration Risk'?
Friday, May 5, 2017 - 8:46am | 297Argus' David Toung downgraded shares of Celgene Corporation (NASDAQ: CELG) from Buy to Hold after fully digesting the company's first-quarter earnings report. Stay Critical, Investors According to Toung, investors have reason to be "concerned" over the company's revenue concentration from Revlimid...
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Celgene Reports Second-Quarter Results, Highlights 'Outstanding' 2016 Performance
Thursday, July 28, 2016 - 8:36am | 397Shares of Celgene Corporation (NASDAQ: CELG) were trading higher by 0.43 percent at $108.11 after the company reported its second-quarter results. Celgene said it earned $1.44 per share in the second quarter on revenue of $2.74 billion. Wall Street analysts were expecting the company to earn $1.39...
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Celgene To See Major Upside In 2017, Says Canaccord
Friday, July 1, 2016 - 1:53pm | 233Canaccord Genuity reiterated its Buy rating and $156 price target on Celgene Corporation (NASDAQ: CELG). In the report published Friday, the analysts stated their positive outlook for the near-term data readouts for Revlimid from REMARC and Otezla in Atopic Dermatitis. Additionally, they expect...
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Celgene's EPS Contain 'Few Surprises,' Baird Says
Friday, January 30, 2015 - 1:05pm | 311Celgene Corporation (NASDAQ: CELG) reported earnings on Thursday, and Baird analysts provided some commentary. For the fourth quarter of 2014, the company posted non-GAAP EPS of $1.01, (versus consensus of $0.99, and Baird’s $1.01), and adjusted EPS for the full fiscal 2014 of $3.71...