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NVS

Novartis

$80.08

0.22 (0.28%)

07:49
05/19/17
05/19
07:49
05/19/17
07:49

Novartis receives positive CHMP opinion for expanded use of Zykadia

Novartis announced the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency has recommended approval of expanding the use of Zykadia to include the first-line treatment of patients with advanced non-small cell lung cancer whose tumors are anaplastic lymphoma kinase-positive. The CHMP recommendation will now be reviewed by the European Commission, which holds the authority to approve medicines for the European Union. The EC typically follows the CHMP recommendation and typically issues an approval decision within two months, the company noted.

  • 19

    May

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    Jun

  • 26

    Jun

NVS Novartis
$80.08

0.22 (0.28%)

04/05/17
04/05/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AstraZeneca (AZN) downgraded to Neutral from Buy at UBS. 2. Novartis (NVS) downgraded to Market Perform from Outperform at Cowen with analyst Steve Scala saying he believes the company's earnings growth looks below the industry average given the current weakness in Alcon and Entresto's slow rollout. 3. MSG Networks (MSGN) downgraded to Neutral following NY Post report at Macquarie with analyst Tim Nollen citing valuation and maintained its $26 price target. 4. Generac (GNRC) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jeffrey Hammond citing concerns that increased pricing incentives and normalizing storm activity are impacting the growth for the company's Residential home standby business. 5. Amgen (AMGN) downgraded to Hold from Buy at Jefferies with analyst Eun Yang saying she believes upside in the stock will likely be "muted" after her payor poll indicated continuing reimbursement challenges for Repatha, Amgen's PCSK9 inhibitor to treat high cholesterol. Yang also sees a "scarcity of blockbuster potential pipeline products" and feels a transformative acquisition is unlikely. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/18/17
WELS
04/18/17
NO CHANGE
WELS
Allergan partnership a 'promising free option,' says Wells Fargo
Wells Fargo analyst David Maris views Allergan's (AGN) partnership with Novartis (NVS) to conduct a Phase IIb study using its cenicriviroc and Novartis's lead FXR agonist for the treatment of nonalcoholic steatohepatitis as a "promising free option." The deal is a way to maximize Allergan's shots-on-goal in combination NASH treatments, Maris tells investors in a research note. He has an Outperform rating on Allergan shares.
04/21/17
ROTH
04/21/17
NO CHANGE
Target $12
ROTH
Buy
Conatus price target raised to $12 from $4 at Roth Capital
Roth Capital analyst Sa'ar Yaniv raised his price target for Conatus (CNAT) to $12 from $4 following discussions with management, 2016 results, assessment of the competitive cirrhosis space, and clarity from the Novartis (NVS) deal. The analyst believes Conatus' shares are undervalued and reiterates a Buy rating on the stock.
05/15/17
LEER
05/15/17
NO CHANGE
LEER
GlaxoSmithKline possible move to buyout Novartis stake makes sense, says Leerink
Leerink analyst Seamus Fernandez is not surprised by the news that GlaxoSmithKline (GSK) may buyout Novartis' (NVS) 36.5% stake in its Consumer Healthcare joint venture through a GBP8B deal sooner rather than later. The analyst believes this buyout could be beneficial as the infusion of additional cash from the buyout could bolster Novartis appetite for large scale M&A, including companies such as AstraZeneca (AZN) whose immune-oncology assets could complement its small-molecule focused oncology portfolio, according to the London Times.

TODAY'S FREE FLY STORIES

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Arconic

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GLW

Corning

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FIT

Fitbit

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SPI

SPI Energy

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IBIO

iBio

$0.32

-0.006 (-1.82%)

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CYTX

Cytori Therapeutics

$1.11

-0.01 (-0.89%)

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BOH

Bank of Hawaii

$81.45

-0.52 (-0.63%)

08:42
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Bank of Hawaii reports Q2 EPS $1.05, consensus $1.03 »

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  • 24

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JCP

J.C. Penney

$5.08

0.08 (1.60%)

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Apple

$150.27

-0.07 (-0.05%)

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J.C. Penney now accepts Apple Pay at all stores »

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AAPL

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  • 01

    Aug

WWD

Woodward

$68.55

-0.87 (-1.25%)

08:39
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Woodward management to meet with Oppenheimer »

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SILC

Silicom

$51.37

0.96 (1.90%)

08:38
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Conference/Events
Silicom management to meet with Needham »

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OTIV

On Track Innovations

$1.47

0.025 (1.74%)

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  • 09

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FNJN

Finjan Holdings

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Finjan Holdings says oral arguments to be heard at Court of Appeals on Sep. 8 »

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POL

PolyOne

$38.46

-0.18 (-0.47%)

08:37
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Conference/Events
PolyOne management to meet with Northcoast »

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  • 25

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ARNC

Arconic

$25.21

0.46 (1.86%)

08:37
07/24/17
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Earnings
Arconic sees FY17 EPS $1.15-$1.20, consensus $1.16 »

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  • 24

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HIFR

InfraREIT

$19.90

0.2 (1.02%)

08:37
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Breaking Hot Stocks news story on InfraREIT 

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  • 02

    Aug

SLB

Schlumberger

$66.53

-0.49 (-0.73%)

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MED

Medifast

$42.11

0.28 (0.67%)

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  • 08

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P

Pandora

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0.33 (3.61%)

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HIFR

InfraREIT

$19.90

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  • 02

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DMPI

DelMar Pharmaceuticals

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0.11 (5.58%)

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NVCR

Novocure

08:34
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Conference/Events
Novocure management to meet with JMP Securities »

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  • 27

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ALV

Autoliv

$106.78

-9.11 (-7.86%)

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  • 14

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LMAT

LeMaitre

$28.31

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  • 27

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ARNC

Arconic

$25.21

0.46 (1.86%)

08:33
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Earnings
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  • 24

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WU

Western Union

$19.09

0.01 (0.05%)

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