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ZYME

Zymeworks

$9.38

-0.24 (-2.49%)

, LLY

Eli Lilly

$81.04

0.94 (1.17%)

07:15
06/12/17
06/12
07:15
06/12/17
07:15

Eli Lilly nominates drug candidates for late-stage, preclinical development

Zymeworks (ZYME) announced that two bispecific immuno-oncology drug candidates have been nominated by Eli Lilly and Company (LLY) for late-stage, preclinical development. The drug candidates were developed by Lilly in collaboration with Zymeworks using Zymeworks' proprietary Azymetric platform as part of the companies' existing collaboration and licensing agreement. These two programs previously achieved a research milestone in 2016 and 2017, respectively. Under the terms of the agreement, Zymeworks has granted Lilly a worldwide, royalty-bearing license to research, develop and commercialize certain bispecific therapeutic candidates toward Lilly's therapeutic targets. For these programs, Zymeworks is eligible to receive further development and commercial milestone payments as well as tiered royalties on product sales.

ZYME

Zymeworks

$9.38

-0.24 (-2.49%)

LLY

Eli Lilly

$81.04

0.94 (1.17%)

  • 13

    Jun

  • 15

    Jun

ZYME Zymeworks
$9.38

-0.24 (-2.49%)

05/23/17
WELS
05/23/17
INITIATION
WELS
Outperform
Zymeworks initiated with an Outperform at Wells Fargo
Wells Fargo started coverage of Zymeworks (ZYME) with a $20 price target and an Outperform rating. The firm says that the company has "a potential best-in-class bispecific antibody platform, a deep pipeline focused on novel cancer therapeutics , an attractive (breast cancer treatment) with early validation in a $10B category and a high profile collaboration with oncology leader Celgene (CELG)." Wells notes that the company's breast cancer treatment,, ZW25, has "shown early evidence of tumor response." Wells views the collaboration with Celgene "as particularly validating" for Zymeworks. It keeps an Outperform rating on Zymeworks.
05/23/17
05/23/17
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. Cloudera (CLDR) was initiated with an Overweight at JPMorgan, a Buy at Stifel and Deutsche Bank, a Market Perform at JMP Securities, an Equal Weight at Morgan Stanley, and a Neutral at Citi. 2. Emerald Expositions Events (EEX) was initiated with an Outperform at RBC Capital, an Overweight at Barclays, a Buy at BofA/Merrill and Deutsche Bank, as well as a Neutral at Goldman Sachs, Credit Suisse, and Baird. 3. Zymeworks (ZYME) was initiated with an Outperform at Wells Fargo, an Overweight at Barclays, and a Buy at Canaccord. 4. Carvana (CVNA) was initiated with an Outperform at William Blair, JMP Securities, BMO Capital, Wells Fargo, and Baird, as well as a Buy at BofA/Merrill and Citi. 5. J.B. Hunt (JBHT) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/17
SBSH
05/24/17
INITIATION
Target $18
SBSH
Buy
Zymeworks initiated with a Buy at Citi
Citi analyst Yigal Nochomovitz started Zymeworks with a Buy rating and $18 price target. The analyst believes the company's platform and technology could open the door to a bigger piece of the breast cancer market.
05/24/17
05/24/17
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. Shake Shack (SHAK) initiated with an Overweight at Piper Jaffray. 2. Zymeworks (ZYME) initiated with a Buy at Citi. 3. Murphy Oil (MUR) initiated with a Buy at KLR Group. 4. Atlas Financial (AFH) initiated with an Outperform at JMP Securities. 5. Emerald Expositions Events (EEX) initiated with a Buy at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
LLY Eli Lilly
$81.04

0.94 (1.17%)

05/16/17
GSCO
05/16/17
DOWNGRADE
Target $92
GSCO
Buy
Eli Lilly downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Jami Rubin removed Eli Lilly from the Conviction Buy List citing strong year-to-date performance. The analyst maintained a Buy rating and $92 price target citing favorable long-term fundamentals with significant margin expansion.
05/16/17
05/16/17
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. Pfizer (PFE) downgraded to Sell from Neutral at Citi with analyst Andrew Baum saying his concern over Pfizer's "rising risk to high price" Medicare Part D covered oncology drugs, namely Xtandi, Ibrance and Xalkori, has intensified. He also believes "major transaction risk" for Pfizer remains high. 2. MercadoLibre (MELI) downgraded to Neutral from Overweight at JPMorgan with analyst Andre Baggio citing valuation with the stock up 131% year-over-year. 3. Eli Lilly (LLY) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Jami Rubin citing strong year-to-date performance. The analyst maintained a Buy rating and $92 price target citing favorable long-term fundamentals with significant margin expansion. 4. Valero (VLO) downgraded to Neutral from Buy at Goldman Sachs with analyst Neil Mehta citing a more balanced risk/reward following the stock's outperformance. 5. NantKwest (NK) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying the company has a history of "significantly missing" its clinical trial timelines, and this is unlikely to change over the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/17
WELS
06/06/17
NO CHANGE
WELS
Amazon may be the next threat to drug pricing, says Wells Fargo
After CNBC recently reported that Amazon (AMZN) is considering going into the prescription pharmacy business in the U.S., Wells Fargo surveyed nearly 2,900 U.S. adults and found that 54% of those polled said they would use or would probably use "Amazon Pharmacy." While the e-commerce giant has not confirmed its U.S. pharmacy interest, if it did enter the market analyst David Maris believes it could see fast adoption and "usher in a new age of price transparency." Maris also wonders if pharmacy "may be just the beginning" and if Amazon eyes the "even larger prize" of fully integrated digital healthcare. Publicly traded large-cap pharmaceuticals companies include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded retail pharmacy operators include CVS Health (CVS), Walgreens (WBA), Fred's (FRED) and Rite Aid (RAD).
06/07/17
FBCO
06/07/17
NO CHANGE
Target $38
FBCO
Outperform
ASCO meeting highlights pressure on Pfizer cancer assets, says Credit Suisse
Credit Suisse analyst Vamil Divan said he came away from the ASCO meeting feeling like positive progress by competitors is increasing the pressure on Pfizer's (PFE) cancer assets, specifically pointing to positive data for Roche's (RHHBY) Alecensa, Johnson & Johnson's (JNJ) Zytiga and Eli Lilly's (LLY) abemaciclib. Additionally, competition in the immune-oncology and PARP spaces will make it more challenging for Pfizer to gain traction, added Divan. He keeps an Outperform rating on Pfizer, citing valuation and its dividend yield, but he has concerns about its upcoming patent expirations and growth products.

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Deere

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TSLA

Tesla

$312.60

-5.21 (-1.64%)

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TSLA

Tesla

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-5.21 (-1.64%)

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GSK

GlaxoSmithKline

$35.06

0.25 (0.72%)

, INVA

Innoviva

$13.42

0.01 (0.07%)

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INVA

Innoviva

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SVM

Silvercorp Metals

$2.51

-0.07 (-2.71%)

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CEL

Cellcom Israel

$10.00

-0.1 (-0.99%)

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GASS

StealthGas

$4.07

0.36 (9.70%)

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CPRT

Copart

$41.01

4.31 (11.74%)

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  • 19

    Dec

DE

Deere

$145.25

6.02 (4.32%)

06:56
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  • 28

    Nov

DE

Deere

$145.25

6.02 (4.32%)

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  • 28

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SECO

Seeco Holding

$8.34

0.14 (1.71%)

04:55
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Conference/Events
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BASFY

BASF

$27.39

-0.13 (-0.47%)

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RBS

RBS

$7.30

-0.04 (-0.54%)

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Conference/Events
RBS management to meet with Jefferies »

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L

Loews

$49.36

-0.02 (-0.04%)

, GE

General Electric

$18.15

0.32 (1.79%)

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Loews

$49.36

-0.02 (-0.04%)

GE

General Electric

$18.15

0.32 (1.79%)

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BRFS

BRF S.A.

$12.77

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SU

Suncor

$35.42

0.2 (0.57%)

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  • 05

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SAP

SAP

$113.85

-1.44 (-1.25%)

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