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AMGN

Amgen

$173.27

-0.05 (-0.03%)

, AGN

Allergan

$245.59

3.47 (1.43%)

08:02
07/13/17
07/13
08:02
07/13/17
08:02

Amgen, Allergan to discuss supporting BLA for ABP 215

Amgen (AMGN) and Allergan (AGN) announced that the companies will discuss data supporting the ABP 215 Biologics License Application with the Oncologic Drugs Advisory Committee of the U.S. FDA. ABP 215 is a biosimilar candidate to Avastin and is the first bevacizumab biosimilar candidate to be considered by the FDA. During the meeting, Amgen will present a comprehensive data package including the analytical, pharmacokinetic and clinical data, which demonstrate ABP 215 and bevacizumab are highly similar, with no clinically meaningful differences in terms of the efficacy, safety and immunogenicity between the products. Clinical studies included results from a Phase 3 study in patients with non-squamous non-small cell lung cancer, which met its primary endpoint of showing clinical equivalence to bevacizumab. The FDA is not bound by the Committee's recommendation but does takes its advice into consideration when considering the approval of a new therapeutic. The FDA has set a Biosimilar User Fee Act target action date of Sept. 14, 2017, for ABP 215.

AMGN

Amgen

$173.27

-0.05 (-0.03%)

AGN

Allergan

$245.59

3.47 (1.43%)

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AMGN Amgen
$173.27

-0.05 (-0.03%)

06/22/17
LEER
06/22/17
NO CHANGE
LEER
Leerink sees reasons for biotech rally to continue
Leerink analyst Geoffrey Porges attributes the recent strength in the biotech sector to a lessening of the perceived fears of pricing regulations and a favorable tone from the FDA. However, he believes the sector could advance at least 15% more, as he foresees more positive operating results and still expects more industry consolidation. Among large cap biotech names, Porges maintains Outperform ratings on Regeneron (REGN), Celgene (CELG), Vertex (VRTX) and Alexion(ALXN) and keeps Market Perform ratings on AbbVie (ABBV), Amgen (AMGN), Gilead (GILD) and Biogen (BIIB).
06/23/17
DBAB
06/23/17
INITIATION
Target $172
DBAB
Hold
Amgen initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Andrew Peters started Amgen with a Hold rating and $172 price target, saying its valuation is largely in line with its near-term growth challenges.
06/23/17
06/23/17
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. Starbucks (SBUX) initiated with an Overweight at KeyBanc. 2. Wix.com (WIX) initiated with an Outperform at Wedbush. 3. Red Hat (RHT) initiated with a Neutral at Piper Jaffray. 4. Amgen (AMGN) initiated with a Hold at Deutsche Bank. 5. Oclaro (OCLR) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/17
JEFF
07/10/17
INITIATION
Target $195
JEFF
Buy
Amgen assumed with a Buy at Jefferies
Jefferies analyst Michael Yee assumed coverage on Amgen with a Buy and a $195 price target.
AGN Allergan
$245.59

3.47 (1.43%)

06/16/17
CANT
06/16/17
INITIATION
Target $231
CANT
Neutral
Allergan initiated with a Neutral at Cantor
Cantor Fitzgerald analyst Louise Chen started Allergan with a Neutral rating and $231 price target.
06/29/17
FBCO
06/29/17
NO CHANGE
Target $64
FBCO
Outperform
Sarepta selection of veteran CEO a positive, says Credit Suisse
Credit Suisse analyst Alethia Young said Sarepta's (SRPT) selection of Doug Ingram, an established industry veteran and a former president at Allergan (AGN), as its new CEO is a positive, noting that Ingram has experience both in the CNS space and at running a large scale pharmaceutical company. Young, who would guess that the hiring will be viewed positively and sees Sarepta shares trading up following the news, keeps an Outperform rating and $64 price target on the stock.
06/29/17
COWN
06/29/17
NO CHANGE
Target $400
COWN
Outperform
Allergan could emerge winner in migraine paradigm, says Cowen
Cowen analyst Ken Cacciatore believes Allergan's presence in the migraine space should continue to strengthen in the near-term via continued Botox growth and in the longer-term via oral CGRP's. He believes the introduction of injectable CGRP's could actually create managed care increased utilization of Botox. Cacciatore reiterated his Buy rating and $400 price target on Allergan shares.
07/06/17
BERN
07/06/17
NO CHANGE
BERN
Allergan Q2 aesthetics survey mixed, says Bernstein
Bernstein analyst Aaron (Ronny) Gal says a survey of 100 high volume U.S. aesthetic physicians. in late June showed that Allergan's U.S. toxin market is growing above average levels, as more younger women and men are using its products. Gal adds that the line filler market "continues to grow well with 6%-12% sequential growth," as "Juvederm is gaining share" and doing well with men and women under 30. However, the analyst adds that the growth of Allergan's Kybella treatment is "modest," with the treatment increasingly seen as a "niche" offering. But Zeltiq is growing 9% sequentially, he added. Gal keeps a $296 price target and an Outperform rating on Allergan.

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ACRS

Aclaris Therapeutics

$29.18

-0.46 (-1.55%)

04:55
07/28/17
07/28
04:55
07/28/17
04:55
Conference/Events
Aclaris Therapeutics management to meet with Jefferies »

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04:55
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General news
Breaking General news story  »

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JAGX

Jaguar Animal Health

$0.66

-0.0175 (-2.58%)

04:55
07/28/17
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04:55
Conference/Events
Jaguar Animal Health to hold a conference call »

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04:55
07/28/17
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General news
GDP price index to be reported at 08:30 »

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CALM

Cal-Maine Foods

$38.05

0.55 (1.47%)

04:55
07/28/17
07/28
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04:55
Conference/Events
Cal-Maine Foods participates in a conference call with Stephens »

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04:55
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General news
Real GDP to be reported at 08:30 »

Real GDP will be reported…

BAESY

BAE Systems

$32.23

0.145 (0.45%)

, IBM

IBM

$145.07

-0.29 (-0.20%)

04:55
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Conference/Events
RSA Security to hold a conference »

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BAESY

BAE Systems

$32.23

0.145 (0.45%)

IBM

IBM

$145.07

-0.29 (-0.20%)

CTL

CenturyLink

$23.60

0.74 (3.24%)

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Breaking General news story  »

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General news
Employment Cost Index ECI to be reported at 08:30 »

Employment Cost Index ECI…

03:35
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General news
FX Action: USD-CAD steady after posting its biggest one-day gain »

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01:40
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General news
FX Update: The Swiss franc tumbled for a four straight session »

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TOO

Teekay Offshore Partners

$2.55

-0.03 (-1.16%)

20:27
07/27/17
07/27
20:27
07/27/17
20:27
Downgrade
Teekay Offshore Partners rating change at Raymond James »

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QEP

QEP Resources

$7.93

-1.34 (-14.46%)

20:26
07/27/17
07/27
20:26
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20:26
Downgrade
QEP Resources rating change at JPMorgan »

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RDFN

Redfin

20:26
07/27/17
07/27
20:26
07/27/17
20:26
Syndicate
Redfin 9.231M share IPO priced at $15.00 »

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XOM

Exxon Mobil

$80.83

0.46 (0.57%)

, CVX

Chevron

$106.11

0.99 (0.94%)

20:25
07/27/17
07/27
20:25
07/27/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

XOM

Exxon Mobil

$80.83

0.46 (0.57%)

CVX

Chevron

$106.11

0.99 (0.94%)

MRK

Merck

$63.69

1.89 (3.06%)

ABBV

AbbVie

$71.73

-0.86 (-1.18%)

AAL

American Airlines

$50.00

-1.01 (-1.98%)

COL

Rockwell Collins

$109.02

-0.53 (-0.48%)

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TTPH

Tetraphase

$6.96

-0.92 (-11.68%)

20:22
07/27/17
07/27
20:22
07/27/17
20:22
Syndicate
Tetraphase 10M share Secondary priced at $6.50 »

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BVN

Buenaventura

$12.45

0.1 (0.81%)

19:26
07/27/17
07/27
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Earnings
Buenaventura reports Q2 EPS (2c), may not compare to consensus 26c »

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BAS

Basic Energy

$28.67

0.06 (0.21%)

19:02
07/27/17
07/27
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19:02
Hot Stocks
Breaking Hot Stocks news story on Basic Energy »

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BAS

Basic Energy

$28.67

0.06 (0.21%)

19:01
07/27/17
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19:01
Earnings
Basic Energy reports Q2 adjusted EPS (57c), consensus (55c) »

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GE

General Electric

$25.79

0.2 (0.78%)

18:55
07/27/17
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18:55
Periodicals
Breaking Periodicals news story on General Electric »

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AIV

Aimco

$44.01

0.13 (0.30%)

18:53
07/27/17
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Earnings
Aimco reports Q2 AFFO 51c vs 50c last year »

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NOV

National Oilwell

$33.71

0.37 (1.11%)

18:43
07/27/17
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Earnings
National Oilwell reports Q2 adjusted EPS (14c), consensus (15c) »

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AIG

AIG

$65.17

-0.02 (-0.03%)

, IEP

Icahn Enterprises

$53.12

-0.78 (-1.45%)

18:39
07/27/17
07/27
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18:39
Periodicals
Senators worried over whether Icahn is pushing regulators on AIG, Reuters says »

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AIG

AIG

$65.17

-0.02 (-0.03%)

IEP

Icahn Enterprises

$53.12

-0.78 (-1.45%)

PRU

Prudential

$112.74

0.55 (0.49%)

03/08/13
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HTBK

Heritage Commerce

$13.85

-0.14 (-1.00%)

18:24
07/27/17
07/27
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Earnings
Heritage Commerce reports Q2 EPS 19c, consensus 19c »

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