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VSAR

Versartis

$12.15

-0.1 (-0.82%)

05:33
10/04/16
10/04
05:33
10/04/16
05:33

Versartis initiated with an Overweight at Piper Jaffray

Piper Jaffray analyst Edward Tenthoff started Versartis with an Overweight rating and $22 price target. The company's long-acting recombinant Human Growth Hormone to treat growth hormone deficiency, somavaratan, has a $3B global market, the analyst estimates.

  • 06

    Nov

VSAR Versartis
$12.15

-0.1 (-0.82%)

03/29/16
SBSH
03/29/16
NO CHANGE
SBSH
Citi lays out potential targets for next biotech M&A wave
Citi analyst Yigal Nochomovitz believes the setup for the next acquisition cycle in the biotech space is here, but that biotech management's desire to do deals is the missing catalyst. He thinks another one-to-three quarters is needed before "reset valuations are better absorbed as the new reality." Large cap pharma and biotech companies are cash rich and have signaled repeatedly over last year that they are looking for new assets, Nochomovitz tells investors in a research note. He sees a "greater probability" of a takeover over the next 12-18 months for Ardelyx (ARDX), Medivation (MDVN), Ophthotech (OPHT), Puma Biotechnology (PBYI), Portola Pharmaceuticals (PTLA), Ultragenyx (RARE), Relypsa (RLYP) and Versartis (VSAR). He sees a "moderate probability" of a takeover for Anthera (ANTH), Loxo Oncology (LOXO), MacroGenics (MGNX) and Mirati Therapeutics (MRTX). Nochomovitz also sees a "lower probability" of a buyout for Atara Biotherapeutics (ATRA), Chimerix (CMRX), Keryx (KERX) and Mirna Therapeutics (MIRN).
04/07/16
NORL
04/07/16
INITIATION
Target $19
NORL
Outperform
Versartis initiated with an Outperform at Northland
Target $19.
04/08/16
SBSH
04/08/16
NO CHANGE
SBSH
Citi lays out potential targets after break of Pfizer, Allergan deal
Citi analysts Yigal Nochomovitz, Liav Abraham and Joel Beatty argue that the break of the Pfizer (PFE), Allergan (AGN) merger could accelerate smaller scale acquisitions in the Biotechnology sector. The implication that larger companies could accelerate M&A activity to bolster pipelines in lieu of the mega-merger pathway aided shares in the sector this week, the analysts contend in a research note. They now believe that Ardelyx (ARDX), Medivation (MDVN), Ophthotech (OPHT), Puma Biotechnology (PBYI), Portola Pharmaceuticals (PTLA), Ultragenyx (RARE), Relypsa (RLYP) and Versartis (VSAR) have a greater probability of being acquired in the next 12-18 months. Beside these favored names for a takeover, analyst Joel Beatty sees a greater chance of Catabasis Pharmaceuticals (CATB), Intercept Pharmaceuticals (ICPT), Novavax (NVAX) and Raptor Pharmaceuticals (RPTP) getting acquired over the next 18 months.
08/11/16
SBSH
08/11/16
NO CHANGE
Target $23
SBSH
Buy
Versartis price target raised to $23 from $17 at Citi
Citi analyst Yigal Nochomovitz raised his price target for Versartis to $23 saying the company's partnership with Teijin for commercialization of somavaratan in Japan validates the drug's clinical profile. The economics of the deal are very favorable for Versartis, Nochomovitz tells investors in a research note. He keeps a Buy rating on the shares.

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PDS

Precision Drilling

$3.11

0.02 (0.65%)

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UBNT

Ubiquiti

$55.43

1.25 (2.31%)

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EA

Electronic Arts

$114.20

-4.3 (-3.63%)

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1.8K Electronic Arts Nov 115 - 125 call spreads for $3.25 »

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IGT

International Game

$24.32

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AXON

Axovant Sciences

$24.25

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HES

Hess Corp.

$46.00

-0.1 (-0.22%)

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RLJE

RLJ Entertainment

$3.38

-0.22 (-6.11%)

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Government Properties

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GPRO

GoPro

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GNCA

Genocea

11:24
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Downgrade
Genocea rating change  »

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  • 26

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SYT

Syngenta

$92.04

-0.0399 (-0.04%)

11:19
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C

Citi

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