Jefferies Group LLC currently has a $13.00 price target on the stock, up from their previous price target of $11.00. Several other analysts have also issued reports on PGNX.
Category: Biotech
Pfizer And Merck Go For An Even Longer Throw Of The Javelin
Pfizer and Merck KGaA’s tweaks to the Javelin Lung 100 study of their PD-L1 antibody avelumab, which will delay its readout by almost two years, look like a painful but necessary adjustment to commercial realities in this competitive cancer indication. The changes will more than double the size of the study, in first-line non-small cell lung cancer, and push data out to mid-2019.
Losses For Drugmakers, Hospitals Pull Stocks Lower – SIn Center Stage
U.S. stocks declined for the third time in four days on Tuesday as health care companies took center stage.
Omeros Co. (OMER) Receives $32.44 Average Price Target from Analysts
Omeros Co. has received an average recommendation of “Buy” from the eight analysts that are covering the company.
Ablynx’s Partner, Merck KGaA, Has Presented New Data from a Phase Ib…
GHENT, Belgium, 6 March 2017 – Ablynx [Euronext Brussels: ABLX; OTC: ABYLY] today announced that its partner, Merck KGaA , has presented new data from a Phase Ib study demonstrating strong efficacy with the bi-specific anti-IL-17A/F Nanobody® in patients with moderate-to-severe chronic plaque psoriasis. The results were presented at the 75th Annual Meeting of the American Academy of Dermatology Conference, taking place from 3-7 March 2017, in Orlando, Florida.
Industry Snapshot: Setting Sights On Glaucoma Drug Makers
Glaucoma refers to a collection of similar degenerative ocular diseases primarily caused by an increase in fluid pressure within the eye. Reuters pegged the global glaucoma market at $5.6 billion in 2015 and the market will likely keep growing as the population ages.
More Teens Turning Their Backs on Tanning Beds
… indoor tanning appears to give them a false sense of security when they step outdoors into real sunlight, said Guy, a health economist with the CDC’s division of cancer prevention and control. “We also found that among the 1.2 million high school …
Celgene to Present New Data from Clinical Trials on Oral OTEZLA…
Celgene Corporation today announced that findings from ongoing clinical trials of OTEZLA , the Company’s oral, selective inhibitor of phosphodiesterase 4 , conducted in patients with moderate or moderate to severe plaque psoriasis, and in adult patients with active psoriatic arthritis, will be presented at the 75th Annual Meeting of the American Academy of Dermatology in Orlando, Florida. Ten abstracts will be presented at the meeting.
Aeterna Zentaris Announces Presentation Regarding Macrilena at 99th…
… not only plays an important role in growth from childhood to adulthood, but also helps promote a hormonally-balanced health status. AGHD mostly results from damage to the pituitary gland. It is usually characterized by a reduction in bone mineral …
Instinet Initiates Coverage on Biogen Inc
The firm set a “buy” rating and a $345.00 price target on the stock. Biogen traded up 0.84% during trading on Thursday, reaching $295.71.
FDA OKs Merck’s allergen extract to treat house dust mite-induced allergic rhinitis
The FDA approves Merck’s Odactra, the first allergen extract that is administered sublingually to treat house dust mite-induced nasal inflammation , with or without eye inflammation in people between the ages of 18 and 65. Odactra, a once-daily tablet that rapidly dissolves under the tongue, exposes patients to house dust mite allergens with the aim of gradually training the immune system to reduce the frequency and severity of nasal and eye allergy symptoms. It is taken year-round.
Surrey woman part of $6.2M drug award
Faith Gibson holds her two-year-old daughter Meah Bartram in 2008. The little girl was born with a hole in her heart, a condition Gibson believes was caused by the doctor-prescribed anti-anxiety medication she was taking while pregnant.
Perrigo Company plc (PRGO) Rating Reiterated by Canaccord Genuity
… over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug …
After Starboard Agitation, Perrigo Sells MS Drug Royalties for Up to $2.85B
Perrigo also said it will review its API business, which provides differentiated active pharmaceutical ingredients and finished dosage forms for the branded and generic industries. Perrigo , the Dublin-based manufacturer of over-the-counter drugs, announced Monday it will divest its royalty stream for multiple sclerosis drug Tysabri to an affiliate of Royalty Pharma for up to $2.85 billion.
3 Top Healthcare Stocks to Buy Now
… lthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights
La Jolla’s low blood pressure treatment clears key study
Feb 27 La Jolla Pharmaceutical Co said its lead experimental drug to treat low blood pressure met the main goal of a late-stage study on patients with distributive shock who have not adequately responded to existing treatments. Distributive shock is a state in which the heart is pumping well enough, but the blood is not distributed properly to the vital organs leading to severe hypotention.
Pfizer Subpoenaed in DOJ Investigation of Drugmaker Charity Connections
Pfizer Inc. said that it received two subpoenas from the U.S. Attorney’s office in Massachusetts related to charities that help Medicare patients afford co-payments for drugs, the latest company to disclose involvement in the probe. The New York-based drugmaker said in a securities filing Thursday that it received subpoenas on December 2015 and on July 2016 requesting documents related to the Patient Access Network Foundation and other organizations that provide financial assistance to Medicare patients.
Global Alzheimer’s Disease Diagnostic Market is expected to grow at a CAGR over 10% post 2022
Alzheimer’s Disease Diagnostic Market Analysis and Forecast by Type , Diagnostic Test , End Users – 2022 Major Key Players are Eli Lilly and Company , TauRx , Alector LLC , Accera, Inc. , Treventis Corporation , Neuro-Bio Ltd ” PUNE, MAHARASHTRA, INDIA, February 24, 2017 / EINPresswire.com / — Market Highlights Alzheimer’s is a type of dementia which causes failure of the functioning of the brain. This disease damages the areas which is responsible for the thinking, problem solving and behavior process.
Cyclacel’s leukemia drug for elderly patients fails in key study
… secondary goal – was there for patients who had discontinued therapy at the time of analysis, the company added. CVS Health Corp said its pharmacy chain had removed artificial trans fats, which have been linked to rising rates of heart diseases, …
New HIV infections fall in the US, but demographic and geographic disparities persist
Public domain image by the National Center for HIV/AIDS, Viral Hepatitis, STD and TB Prevention www.cdc.gov The number of annual new HIV infections in the US fell by 18% overall since 2008, offering evidence that prevention and treatment efforts are having an impact, according to data from the US Centers for Disease Control and Prevention released on Tuesday to coincide with presentations at the 2017 Conference on Retroviruses and Opportunistic Infections in Seattle. A closer look at the data, however, shows some notable differences across demographic groups and geographic regions.
Why GlaxoSmithKline’s 2017 Guidance Is Conservative
Assuming that Advair will face competition from a substitutable generic in the US by mid-2017, GSK guided for flat to a slight decline in Core EPS at constant exchange rates. The stock is trading at a discount to five years average historical P/E vs. peers and some potential source of earnings upside is expected in 2017.
Cory Booker Blocks Importation Of Cheaper Drugs; Will Trump Clap Back?
… drugs: Trump has supported allowing consumers to re-import drugs from abroad, and mentioned having the Medicare health program for the elderly negotiate prices directly with pharmaceutical manufacturers. Both ideas have long been opposed by the …
Pfizer Near A Technical Breakout
Technically we continue to print higher lows and higher highs. Also the daily moving averages look set to cross over pretty soon.
Better Buy: Gilead Sciences, Inc. vs. Pfizer Inc.
However, when picking a stock, past performance isn’t nearly as important as what the future might hold. Which of these two drug stocks has an edge looking down the road? Here’s what the outlooks are for Gilead Sciences and Pfizer.
Health Highlights: Feb. 17, 2017
More deadly heat waves, catastrophic food shortages, and the rapid spread of some infectious diseases are all in the world’s future due to climate change, experts warned Thursday at the Climate & Health Meeting. The meeting, held at the Carter Center in Atlanta, was organized to replace a Centers for Disease Control and Prevention climate change conference that was canceled in January, ahead of President Donald Trump’s inauguration, CNN reported.
Myriad’s BRACAnalysis CDx Test Successfully Identified…
… targeting DNA damage response (DDR) mechanisms in cancer cells. Lynparza is currently approved by regulatory health authorities in the EU for use as monotherapy for the maintenance treatment of adult patients with platinum-sensitive relapsed …
Myriad’s Prolaris Test Significantly Improves the Risk…
Myriad Genetics, Inc. , a global leader in personalized medicine, today announced new data demonstrating the utility of the ProlarisA test to more accurately classify mortality risk and guide the management of newly diagnosed men with prostate cancer. The data are being presented at the 2017 Genitourinary Cancers Symposium meeting in Orlando, Fla.
“Superspreaders” identified as driving cause of 2014 Ebola epidemic
A new study has shown that in the catastrophic 2014-2015 Ebola epidemic in West Africa, about three percent of the people infected were responsible for infecting 61 percent of all cases. The issue of so-called “superspreaders,” according to researchers who published their findings in Proceedings of the National Academy of Sciences, is so significant that it’s important to put a better face on just who these people are and then better reach them with public health measures designed to control the spread of infectious disease during epidemics.
BRIEF-Gilead announces 144-week data evaluating safety and efficacy of Genvoya
* Theratechnologies announces new data from the pivotal phase III trial of HIV monoclonal antibody and long-acting investigational antiretroviral Ibalizumab
Joint venture to produce and sell Cuban vaccines to treat cancer seeks investors
The joint venture – the first in the field of biotechnology – would produce vaccines to fight cancer developed with Cuban technology. U.S. clinical trials of the CIMAvax vaccine against lung cancer began in January, under an authorization from the Food and Drug Administration.
ViiV Healthcare announces detailed positive phase III results for…
In the SWORD studies, the two-drug regimen showed comparable efficacy to three- or four-drug regimensin virologically suppressed patients. ViiV Healthcare, the global specialist HIV company majority-owned by GSK, with Pfizer Inc. and Shionogi Limited as shareholders, today announced detailed study results from its phase III programme evaluating the safety and efficacy of switching virologically suppressed patients from a three- or four-drug antiretroviral regimen to a two-drug regimen of dolutegravir and rilpivirine .
Cetera Advisors LLC Has $222,000 Stake in Novo Nordisk A/S
Cetera Advisors LLC lowered its stake in Novo Nordisk A/S by 9.8% during the third quarter, Holdings Channel reports. The firm owned 5,423 shares of the company’s stock after selling 591 shares during the period.
Will Seattle Genetics’ Deal With Immunomedics Get Scuttled?
The deal could be a big win for Seattle Genetics, but it doesn’t have the full support of all of Immunomedics investors. After the closing market bell on Friday, venBio Select Advisors, LLC — the beneficial owner of 9.9% of Immunomedics shares — said Immunomedics’ board of directors is “giving away its crown jewel.”
Aust’n researchers prevent progression of diabetic kidney disease for first time
DKD is an often fatal long-term complication of type 2 diabetes which is the most common cause of severe renal disease. It affects one third of people with type 2 diabetes and has no viable treatment until now.
CEL-SCI Corporation Reports First Quarter Fiscal 2017 Financial Results
SCI reported the net income available to common shareholders for the quarter ended December 31, 2016 was $3,536,802 or $0.02 per basic share, versus $2,341,813 or $0.02 per basic share during the quarter ended December 31, 2015. CEL-SCI reported an operating loss of for the quarter ended December 31, 2016 versus an operating loss of for the quarter ended December 31, 2015.
Recent Publication Highlights Proof-of-Concept Data Supporting the…
TUSTIN, Calif., Feb. 09, 2017 — Peregrine Pharmaceuticals, Inc. , a biopharmaceutical company committed to improving patient lives by manufacturing high quality products for biotechnology and pharmaceutical companies and advancing its proprietary R&D pipeline, today announced the publication of positive proof-of-concept data for a novel exosome-based cancer detection platform. Results of the study, conducted at University of Texas Southwestern Medical Center, showed researchers were able to distinguish between healthy subjects and patients with ovarian tumors based on the levels of exosomes containing phosphatidylserine found in their plasma.
Lifitegrast Ophthalmic Solution Market: Increasing Demand for Advance …
Lifitegrast is an integrin antagonist that reduces T-cell-mediated inflammation associated with dry eye disease . This molecule was in pipeline for past few years and several clinical trials have been performed to test its efficacy in treating the signs and symptoms of dry eye syndrome.
Apricus Biosciences to Present at the 19th Annual Bio Ceo & Investor Conference
Apricus Biosciences, Inc. , a biopharmaceutical company advancing innovative medicines in urology and rheumatology, today announced that Richard Pascoe, Chief Executive Officer, will present at the 19th Annual BIO CEO & Investor Conference on Tuesday, February 14, 2017, at 9:00 a.m. Eastern Time. The conference will be held at The Waldorf Astoria, New York, NY.
Genmab Appoints Judith Klimovsky, MD, as Chief Development Officer
Genmab A/S announced today the appointment of Judith Klimovsky, MD, as Executive Vice President and Chief Development Officer . Dr. Klimovsky will lead the company’s global product development activities and will join the Executive team of Chief Executive Officer, Dr. Jan van de Winkel and Chief Financial Officer, David Eatwell.
Teva Loses CEO, Leaving Investors to Guess What’s Next
… medicines are likely to remain under pressure in the U.S., prompting a cut to its 2017 profit forecast. “The entire health-care sector has faced significant headwinds, and we have not been immune,” Vigodman said on Jan. 6. –With assistance from …