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A Dilutive Offering In The Offing? Oppenheimer Downgrades Synergy Pharma
Friday, January 5, 2018 - 3:41pm | 452Synergy Pharmaceuticals Inc (NASDAQ: SGYP) announced an offering of 21 million shares of its common stock at $2.58 per share in November, and at least one Wall Street analyst said another dilutive offering is imminent. The Analyst Oppenheimer's Derek Archila downgraded Synergy...
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Thoughts On Synergy Pharma's Valuation As Cantor Initiates At Overweight
Friday, June 2, 2017 - 9:49am | 294Cantor Fitzgerald initiated coverage of Synergy Pharmaceuticals Inc (NASDAQ: SGYP) at Overweight with a price target of $11. Analyst William Tanner estimates second quarter earnings of $1.4 million with a negative $0.25 EPS. Fiscal 2017 earnings are estimated to be $11.3 million. Opportunities In...
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Synergy Scores Again: Trulance Product Meets Phase 3 Endpoints In Second Indication
Tuesday, May 9, 2017 - 11:46am | 397Synergy Pharmaceuticals Inc (NASDAQ: SGYP) presented positive results from its Phase 3 study of plecanatide for the treatment of irritable bowel syndrome with constipation (IBS-C). In two large studies, Synergy examined plecanatide, marketed as "Trulance," in both 3 mg and 6 mg doses....
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What Synergy's New Patents Mean For Its Commercial Prospects
Monday, April 17, 2017 - 8:31am | 353Synergy Pharmaceuticals Inc (NASDAQ: SGYP) announced last week it has been issued three new patents from the U.S. Patent and Trademark Office. The first patent relates to the manufacturing method for TRULANCE (plecanatide) and the other two relate to formulations and methods of using Trulance for...
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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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Synergy Pharma's Plecanitide Finally Crosses The Finish Line; Rodman & Renshaw Lifts Price Target To $18
Friday, January 20, 2017 - 10:39am | 279After market close on January 19, Synergy Pharmaceuticals Inc (NASDAQ: SGYP) reported that it had achieved FDA approval for its lead drug, plecanatide, in constipation-predominant irritable bowel syndrome (IBS-C). Rodman & Renshaw’s Raghuram Selvaraju reiterated a Buy rating on the...
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Synergy Pharma's Trulance Gets FDA Approval, CEO 'Truly Thrilled'
Thursday, January 19, 2017 - 6:08pm | 198The U.S. Food and Drug Administration said it approved Synergy Pharmaceuticals Inc's (NASDAQ: SGYP) plecanatide, branded as Trulance, for the treatment of chronic idiopathic constipation (CIC). This approval marks the company’s first. Trulance is a one-tablet-a-day drug used to treat...