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Regulatory Setback for AstraZeneca - Analyst Blog
Friday, December 17, 2010 - 7:03pm | 490AstraZeneca (AZN) recently suffered a major setback with the US Food and Drug Administration (FDA) issuing a complete response letter (CRL) for Brilinta (ticagrelor). The company was seeking approval for the use of Brilinta in the treatment of acute coronary syndrome (ACS). The agency has asked...
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Regulatory Setback for AstraZeneca - Analyst Blog
Friday, December 17, 2010 - 6:21pm | 490AstraZeneca (AZN) recently suffered a major setback with the US Food and Drug Administration (FDA) issuing a complete response letter (CRL) for Brilinta (ticagrelor). The company was seeking approval for the use of Brilinta in the treatment of acute coronary syndrome (ACS). The agency has asked...
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Amgen Drug Meets Primary Endpoint - Analyst Blog
Friday, December 17, 2010 - 6:03pm | 727Amgen (AMGN) recently presented much-awaited results on Xgeva (denosumab) from a phase III study that was conducted in 1,432 men with castrate-resistant prostate cancer. Top-line results from the ‘147 study showed that Xgeva improved median bone metastasis-free survival by 4.2 months compared to...
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SPX Stuck with 1245 Resistance in Place 12-17-2010
Friday, December 17, 2010 - 5:54pm | 747Cusick's Corner The market stayed in this consolidative grind going into the After Hours. It was a fair and orderly Quad Witching, leaving us all with a lot of decisions to make over the weekend and into the holiday week. Right now the market is clearly stuck with overhead resistance in place, SPX...
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Amgen Drug Meets Primary Endpoint - Analyst Blog
Friday, December 17, 2010 - 5:42pm | 727Amgen (AMGN) recently presented much-awaited results on Xgeva (denosumab) from a phase III study that was conducted in 1,432 men with castrate-resistant prostate cancer. Top-line results from the ‘147 study showed that Xgeva improved median bone metastasis-free survival by 4.2 months compared to...
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Hedge Fund Trades For 2011
Friday, December 17, 2010 - 5:18pm | 83Anthony Scaramucci is on CNBC Fast Money's and he is giving some trades for 2011. Scaramucci said he likes Pfizer (NYSE: PFE), Altria (NYSE: MO), Novagold Resources (NYSE: NG) and Coach (NYSE: COH) for 2011. Scaramucci said the three themes for 2011 are reflation, gold, and the expanding middle...
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Solta Medical Reaches Milestone - Analyst Blog
Friday, December 17, 2010 - 5:06pm | 528California-based aesthetic laser treatments provider Solta Medical (SLTM) has reached an important landmark as the company has shipped its one millionth consumable treatment tip for its coveted Thermage and Fraxel devices for skin tightening and resurfacing. Consumable treatment tips attached...
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Solta Medical Reaches Milestone - Analyst Blog
Friday, December 17, 2010 - 4:33pm | 528California-based aesthetic laser treatments provider Solta Medical (SLTM) has reached an important landmark as the company has shipped its one millionth consumable treatment tip for its coveted Thermage and Fraxel devices for skin tightening and resurfacing. Consumable treatment tips attached...
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Amarin Ends Friday Up 13.1% After Hitting 52-Week High (AMRN)
Friday, December 17, 2010 - 4:28pm | 113Shares of Amarin Corporation PLC (Nasdaq: AMRN) ended the Friday trading session up 13.1% at $7.18 per share. Today's trading range for shares of Amarin Corporation PLC was between $6.29 and a 52-week high of $7.25 per share. The consensus price target of analysts covering the company's stock is $7...
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Gen-Probe Buys GTI Diagnostics - Analyst Blog
Friday, December 17, 2010 - 3:00pm | 535California-based diagnostic products maker Gen-Probe Inc (GPRO) has acquired Wisconsin-based privately-held specialty diagnostics firm GTI Diagnostics from equity firm Riverside Company for $53 million in cash. The company has funded the acquisition with its available cash. GTI Diagnostics...
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Gen-Probe Buys GTI Diagnostics - Analyst Blog
Friday, December 17, 2010 - 2:29pm | 535California-based diagnostic products maker Gen-Probe Inc (GPRO) has acquired Wisconsin-based privately-held specialty diagnostics firm GTI Diagnostics from equity firm Riverside Company for $53 million in cash. The company has funded the acquisition with its available cash. GTI Diagnostics...
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Cypress Bio Gives in to Ramius - Analyst Blog
Friday, December 17, 2010 - 2:00pm | 622After months of wooing Cypress Bioscience (CYPB), Ramius LLC finally has reached an agreement with Cypress Bio's board. Cypress Bio entered into a definitive merger with Ramius V&O Acquisition LLC, an affiliate of Ramius and affiliates of Royalty Pharma. Terms of the Agreement Per the...
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Cypress Bio Gives in to Ramius - Analyst Blog
Friday, December 17, 2010 - 1:43pm | 622After months of wooing Cypress Bioscience (CYPB), Ramius LLC finally has reached an agreement with Cypress Bio's board. Cypress Bio entered into a definitive merger with Ramius V&O Acquisition LLC, an affiliate of Ramius and affiliates of Royalty Pharma. Terms of the Agreement Per the...
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Friday's Put/Call Ratio Leaders (PSUN, LO, COCO, LLY, MCHP)
Friday, December 17, 2010 - 12:07pm | 92Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Pacific Sunwear (NASDAQ: PSUN) 2,692 puts, 40 calls 2. Lorillard Inc. (NYSE: LO) 4,182 puts, 168 calls 3. Corinthian Colleges (NASDAQ: COCO) 9,791 puts, 435 calls 4. Eli Lilly and Co...
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Monsanto Upgraded to Neutral - Analyst Blog
Friday, December 17, 2010 - 12:03pm | 511We upgraded our recommendation on Monsanto Company (MON) from Underperform to Neutral based on improved visibility on the yield performance of SmartStax corn seed and RR2Y (Roundup Ready 2 Yield) soybean seed in the coming years. SmartStax and RR2Y posted a decent yield on completion of 95%...