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ARDX

Ardelyx

$13.05

-0.1 (-0.76%)

16:06
02/17/17
02/17
16:06
02/17/17
16:06

Ardelyx reports Q4 EPS (66c), consensus (66c)

"We're very proud of what we achieved in 2016 and have continued to build on that momentum in 2017, with a number of additional important milestones ahead of us," said Mike Raab, president and chief executive officer of Ardelyx. "The positive data we reported from our first Phase 3 clinical trial of tenapanor for hyperphosphatemia provides a terrific start to 2017, and we plan to begin our second Phase 3 trial for tenapanor for hyperphosphatemia by mid-year. We also plan to report Phase 3 results from our T3MPO-1 and T3MPO-2 trials of tenapanor in IBS-C by mid-year and the end of the year, respectively. These milestones are significant and, if positive, will drive us down our path of becoming an independent, fully integrated and revenue generating biotechnology company in the next several years, while bringing meaningful new medicines to the millions of patients who are underserved by current treatment options."

  • 21

    Mar

ARDX Ardelyx
$13.05

-0.1 (-0.76%)

03/09/16
03/09/16
INITIATION

On The Fly: Top Five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. MSG Networks (MSGN) initiated with an Underperform at CLSA by analyst Vasily Karasyov, who expects shares to be range bound given topline pressures from expected subscriber leakage from tiering and proliferation of skinny budgets. 2. FANUC (FANUY) initiated with an Outperform at Bernstein citing the company's technologies and manufacturing capabilities. 3. Ardelyx (ARDX) initiated with a Buy at Cantor. 4. Determine (DTRM) initiated with a Buy at Maxim. 5. Platform Specialty Products (PAH) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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).
03/31/16
LTCO
03/31/16
INITIATION
Target $21
LTCO
Buy
Ardelyx initiated with a Buy at Ladenburg
Ladenburg analyst Matt Kaplan started Ardelyx with a Buy rating and $21 price target.
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.

TODAY'S FREE FLY STORIES

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CBOE

CBOE Holdings

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0.31 (0.25%)

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$111.27

0.7 (0.63%)

, FOXA

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0.11 (0.32%)

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ALK

Alaska Air

$70.83

1.44 (2.08%)

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ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

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  • 12

    Jan

AAPL

Apple

$173.97

1.75 (1.02%)

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NFLX

Netflix

$190.12

0.56 (0.30%)

, DIS

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0.7 (0.63%)

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DIS

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MSG Networks

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AMCX

AMC Networks

$55.33

1.16 (2.14%)

VIAB

Viacom

$30.24

0.53 (1.78%)

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  • 08

    Feb

XOM

Exxon Mobil

$83.03

0.13 (0.16%)

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DIS

Disney

$111.27

0.7 (0.63%)

, FOXA

21st Century Fox

$34.99

0.11 (0.32%)

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T

AT&T

$38.24

0.5 (1.32%)

CHTR

Charter

$322.31

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CMCSA

Comcast

$39.71

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CMCSK

Comcast

VZ

Verizon

$52.67

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NFLX

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AMZN

Amazon.com

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FB

Facebook

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TWTR

Twitter

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GOOG

Alphabet

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GOOGL

Alphabet Class A

$1,072.00

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DFS

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SYF

Synchrony

$37.19

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COF

Capital One

$96.31

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OMF

OneMain Holdings

$25.50

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CIT

CIT Group

$49.78

0.64 (1.30%)

SC

Santander Consumer

$17.99

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SLM

Sallie Mae

$11.17

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AL

Air Lease

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1.07 (2.39%)

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  • 11

    Jan

  • 23

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  • 07

    Feb

  • 18

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  • 14

    Dec

SHOO

Steven Madden

$44.15

1.15 (2.67%)

04:55
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04:55
Conference/Events
Steven Madden management to meet with B. Riley FBR »

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  • 16

    Dec

  • 07

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  • 08

    Jan

STLD

Steel Dynamics

$39.85

0.01 (0.03%)

18:07
12/15/17
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Earnings
Steel Dynamics sees Q4 EPS 48c-52c, consensus 55c »

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

, SPX

S&P 500

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Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

, SPX

S&P 500

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SPDR S&P 500 ETF Trust

$266.51

2.21 (0.84%)

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MCK

McKesson

$162.60

5.4 (3.44%)

17:37
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McKesson awarded $400M government contract »

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AEE

Ameren

$60.94

0.11 (0.18%)

17:34
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Breaking Syndicate news story on Ameren »

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AKAM

Akamai

$57.76

1 (1.76%)

, AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

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AKAM

Akamai

$57.76

1 (1.76%)

AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

PG

Procter & Gamble

$91.89

0.89 (0.98%)

PETX

Aratana Therapeutics

$5.73

0.15 (2.69%)

HPE

HP Enterprise

$14.41

0.17 (1.19%)

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  • 09

    Jan

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    Dec

GRMN

Garmin

$58.36

-1.1 (-1.85%)

17:32
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Garmin analyst commentary at Tigress Financial »

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LMT

Lockheed Martin

$322.82

5.81 (1.83%)

17:26
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Lockheed Martin awarded $135.83M government contract »

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  • 07

    Mar

PG

Procter & Gamble

$91.89

0.89 (0.98%)

17:19
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Hot Stocks
Peltz to join Procter & Gamble board effective March 1, 2018 »

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PG

Procter & Gamble

$91.89

0.89 (0.98%)

, NVS

Novartis

$84.86

0.39 (0.46%)

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P&G names Trian's Nelson Peltz, Novartis CEO Jimenez to board »

Procter & Gamble (PG)…

PG

Procter & Gamble

$91.89

0.89 (0.98%)

NVS

Novartis

$84.86

0.39 (0.46%)

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  • 18

    Jan

  • 17

    May

SNSS

Sunesis

$3.36

0.16 (5.00%)

17:16
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Sunesis CEO Swisher to resign, Dayton Misfeldt named interim CEO »

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T

AT&T

$38.24

0.5 (1.32%)

, BA

Boeing

$293.94

0.06 (0.02%)

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AT&T CEO Stephenson resigns from Boeing board »

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T

AT&T

$38.24

0.5 (1.32%)

BA

Boeing

$293.94

0.06 (0.02%)

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  • 31

    Jan

HPE

HP Enterprise

$14.41

0.17 (1.19%)

17:03
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17:03
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Breaking Syndicate news story on HP Enterprise »

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  • 09

    Jan

FSV

FirstService

$67.87

-0.54 (-0.79%)

17:02
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Breaking Hot Stocks news story on FirstService »

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ETP

Energy Transfer Partners

$17.50

0.08 (0.46%)

17:01
12/15/17
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Hot Stocks
Energy Transfer gets FERC approval to place Rover Pipeline's 1B into service »

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