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PDI Announces 3 New Business Wins With Combined Total Revenues Over $5M
Wednesday, June 1, 2011 - 7:43am | 64PDI, Inc. (Nasdaq: PDII) today announced several new Contract Sales Organization business wins that together are expected to generate total revenues over the lives of the contracts of approximately $5 million, with $3 million projected to be recorded in 2011. These are in addition to a $9 million...
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J.P. Morgan Comments on Day 2 of Omnicare Week
Wednesday, June 1, 2011 - 7:20am | 116As part of Omnicare Inc. (NYSE: OCR) Week, “today we discus reimbursement and how it impacts the company,” J.P. Morgan reports. “While Omnicare primarily serves nursing homes, as patients are covered under several different types of payors, the company is exposed to potential reimbursement...
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Benzinga's Volume Movers
Tuesday, May 31, 2011 - 10:42am | 186Optimer Pharmaceuticals Inc (NASDAQ: OPTR) shares surged 7.24% to $13.92 at 10:40 am. The volume of OPTR shares traded was 815% higher than normal. The US Food and Drug Administration (FDA) has approved its antibacterial drug Dificid to treat Clostridium difficile. The Medicines Company (NASDAQ:...
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NASDAQ Stocks Hitting 52-Week Highs
Tuesday, May 31, 2011 - 10:26am | 177BJ's Restaurants Inc (NASDAQ: BJRI) shares gained 2.23% to create a new 52-week high of $51.33. BJRI had $48.06 million in total cash and no debt for the latest quarter. Star Scientific Inc (NASDAQ: CIGX) shares jumped 6.23% to create a new 52-week high of $5.27. CIGX shares have surged 224.18%...
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Healthways Announces Election of Chairman of the Board, John Ballantine
Tuesday, May 31, 2011 - 9:27am | 111Healthways, Inc. (NASDAQ: HWAY) today announced the election of John Ballantine as the Chairman of the Board of Directors of the Company. Mr. Ballantine has been a member of the Healthways' Board since 2003 and has served on the Compensation Committee, the Nominating and Corporate Governance...
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UPDATE: Jefferies Drops Coverage on Emergency Medical Services
Tuesday, May 31, 2011 - 8:42am | 76Jefferies is out with its report today on Emergency Medical Services (NYSE: EMS), dropping its coverage on EMS. In a note to clients, Jefferies writes, "We are dropping coverage of Emergency Medical Services following the completion of the company's acquisition by affiliates of private equity firm...
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Credit Suisse's Estimates and Price Target Changes
Tuesday, May 31, 2011 - 8:33am | 779Credit Suisse made a number of estimates and price target changes in a research report published today. BG Group plc (BRGYY) had its price target cut to 1,690p from 1,710p. At the moment, Credit Suisse has an outperform rating on the company's stock. In the report Credit Suisse states, "In this...
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Benzinga's Top Pre-Market NASDAQ Gainers
Tuesday, May 31, 2011 - 8:12am | 160Optimer Pharmaceuticals Inc (NASDAQ: OPTR) shares advanced 7.86% to $14 in the pre-market session. OPTR reported that the US Food and Drug Administration (FDA) has approved its antibacterial drug Dificid to treat Clostridium difficile. The Medicines Company (NASDAQ: MDCO) shares advanced 4.24% to...
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UPDATE: J.P. Morgan Lowers PT on Medco Health Solutions
Tuesday, May 31, 2011 - 7:46am | 147J.P. Morgan is out with its report today on Medco Health Solutions (NYSE: MHS), lowering its PT from $78 to $73. In a note to clients, J.P. Morgan writes, "We maintain our Overweight rating on MHS following the loss of the FEP mail contract. While we view the 9% decline as an overreaction, shares...
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PDI Announces Director Jan Martens Vecsi Retiring From Board at Annual Meeting
Tuesday, May 31, 2011 - 7:43am | 115PDI (NASDAQ: PDII) today announced that Jan Martens Vecsi, a member of the Board of Directors since May 1998, is retiring from the Board as of today's annual meeting. The company will not be filling her seat on the Board. "Jan has been a generous counselor and integral member of our Board for the...
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Morgan Stanley Lowers MedcoHealth Solutions Estimates
Tuesday, May 31, 2011 - 7:30am | 57Morgan Stanley is lowering its estimates on MedcoHealth Solutions Inc. (NYSE: MHS). “We lowered our 2012 EPS estimate to $4.72 and our 2013 EPS estimate to $5.50 to reflect the loss of the FEP at mail contract, which covered 9.8 million mail scripts with $3 billion in revenues,” Morgan Stanley...
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JP Morgan Lowers PT On Medco Health Solutions To $73
Tuesday, May 31, 2011 - 6:40am | 28JP Morgan has lowered the price target on Medco Health Solutions (NYSE: MHS) from $78 to $73 and maintains its Overweight rating.
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Merger Arbitrage Mondays – May 30, 2011
Monday, May 30, 2011 - 6:17am | 4823Merger activity decreased last week with three new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 78 Total Number of Deals...
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Industrial Gold 05-27-2011
Friday, May 27, 2011 - 5:29pm | 829Cusick's Corner The market pulled back into the afternoon but never jeopardized any critical levels. Commodities bounced back today, especially as the Buck continued to pull back and the market was looking to get into some safety over the long weekend. Another positive point is that Copper,...
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Data Mixed 05-27-2011
Friday, May 27, 2011 - 2:39pm | 942Cusick's Corner This is what I expected going into this long weekend -- a listless consolidated trade. I was not surprised the market was mute when the housing data came out. The market's reaction was one that could be expected since the Income and Spending numbers came in line which was huge. I...