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AMGN

Amgen

$177.13

2.09 (1.19%)

18:16
07/16/17
07/16
18:16
07/16/17
18:16

FDA issues CRL for Amgen romosozumab

Amgen and UCB announced that the U.S. Food and Drug Administration has issued a Complete Response Letter, or CRL, for the Biologics License Application for Evenity, or romosozumab, as a treatment for postmenopausal women with osteoporosis. With the availability of data from the Phase 3 active-comparator ARCH study, the FDA has asked that the efficacy and safety data from the study be integrated into the application. The re-submission will also include the efficacy and safety data from the BRIDGE study, the Phase 3 trial evaluating Evenity in men with osteoporosis, which has also been requested.

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    Feb

AMGN Amgen
$177.13

2.09 (1.19%)

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.
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.
06/22/17
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).
06/12/17
LEER
06/12/17
NO CHANGE
Target $161
LEER
Market Perform
Amgen price target raised to $161 on Neulasta biosimilar delay at Leerink
Leerink analyst Geoffrey Porges noted that Coherus Biosciences (CHRS) received a complete response letter from the FDA for its biosimilar to Amgen's (AMGN) Neulasta, which he views as likely delaying its launch by at least a year. However, the "windfall" is offset by the Supreme Court decision that "effectively eliminates" the 6-month delay for biosimilars associated with notification, Porges tells investors. Based on his forecast for a six-month delay in the timing of a Neulasta biosimilar launch in the U.S., to the second quarter of 2018 from the fourth quarter of 2017, Porges increased his 2018 Amgen revenue forecast by $500M and raised his price target to $161 from $159, though he keeps a Market Perform rating on the stock.

TODAY'S FREE FLY STORIES

NKE

Nike

$52.30

0.3 (0.58%)

05:11
10/19/17
10/19
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05:11
Downgrade
Nike rating change  »

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GSBC

Great Southern Bancorp

$56.80

0.25 (0.44%)

05:10
10/19/17
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05:10
Earnings
Great Southern Bancorp reports preliminary Q3 EPS 82c, consensus 82c »

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TERP

TerraForm Power

$13.58

0.62 (4.78%)

05:06
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10/19
05:06
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05:06
Initiation
TerraForm Power initiated  »

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ABT

Abbott

$55.77

0.71 (1.29%)

05:04
10/19/17
10/19
05:04
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05:04
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Abbott analyst commentary  »

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AGN

Allergan

$187.15

-10.63 (-5.37%)

05:00
10/19/17
10/19
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05:00
Recommendations
Allergan analyst commentary  »

Allergan price target…

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MERC

Mercer

$13.50

-0.05 (-0.37%)

04:58
10/19/17
10/19
04:58
10/19/17
04:58
Upgrade
Mercer rating change  »

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  • 27

    Oct

ADBE

Adobe

04:57
10/19/17
10/19
04:57
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04:57
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

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  • 22

    Oct

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ANGI

Angie's List

04:57
10/19/17
10/19
04:57
10/19/17
04:57
Upgrade
Angie's List rating change  »

Angie's List…

03/08/13
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  • 09

    Nov

GWW

Grainger

$208.81

3.39 (1.65%)

04:57
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10/19
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04:57
Downgrade
Grainger rating change  »

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  • 24

    Jan

MZOR

Mazor Robotics

$58.55

3.57 (6.49%)

, NUVA

NuVasive

$54.18

0.47 (0.88%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Downgrade
Mazor Robotics, NuVasive rating change  »

Mazor Robotics downgraded…

MZOR

Mazor Robotics

$58.55

3.57 (6.49%)

NUVA

NuVasive

$54.18

0.47 (0.88%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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  • 24

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MTCH

Match Group

$25.52

-0.56 (-2.15%)

, IAC

IAC

$124.60

-0.55 (-0.44%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Jefferies Internet analysts hold an analyst/industry conference call »

Internet Analysts…

MTCH

Match Group

$25.52

-0.56 (-2.15%)

IAC

IAC

$124.60

-0.55 (-0.44%)

03/08/13
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03/06/13
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03/06/13
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04:55
10/19/17
10/19
04:55
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04:55
General news
Breaking General news story  »

Week of 10/13 EIA Natural…

04:55
10/19/17
10/19
04:55
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General news
Breaking General news story  »

Week of 10/18 Fed Balance…

04:55
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Week of 10/9 Money Supply…

04:55
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6-Month Bill Announcement…

UBS

UBS

$17.26

0.02 (0.12%)

, CME

CME Group

$136.37

0.18 (0.13%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Futures Industry Association to hold an expo »

33rd Annual FIA Futures…

UBS

UBS

$17.26

0.02 (0.12%)

CME

CME Group

$136.37

0.18 (0.13%)

NDAQ

Nasdaq

$74.60

-0.11 (-0.15%)

ICE

IntercontinentalExchange

$68.20

0.03 (0.04%)

CBOE

CBOE Holdings

$109.59

0.06 (0.05%)

BAC

Bank of America

$26.48

0.28 (1.07%)

GS

Goldman Sachs

$242.03

5.94 (2.52%)

JPM

JPMorgan

$97.99

0.37 (0.38%)

CS

Credit Suisse

$15.91

-0.11 (-0.69%)

C

Citi

$73.12

0.93 (1.29%)

AMZN

Amazon.com

$997.00

-12.13 (-1.20%)

MS

Morgan Stanley

$50.15

1.03 (2.10%)

WFC

Wells Fargo

$53.41

0.22 (0.41%)

AMTD

TD Ameritrade

$47.54

0.32 (0.68%)

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SNY

Sanofi

$49.53

-0.06 (-0.12%)

, PFE

Pfizer

$35.83

-0.37 (-1.02%)

04:55
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10/19
04:55
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04:55
Conference/Events
Drug Information Association to hold a conference »

Metrics in…

SNY

Sanofi

$49.53

-0.06 (-0.12%)

PFE

Pfizer

$35.83

-0.37 (-1.02%)

ALKS

Alkermes

$51.09

-0.39 (-0.76%)

LLY

Eli Lilly

$85.73

-0.33 (-0.38%)

BMY

Bristol-Myers

$63.70

-0.48 (-0.75%)

03/08/13
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VPG

Vishay Precision

$24.40

0.55 (2.31%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Vishay Precision management to meet with Sidoti »

Meetings to be held in…

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  • 19

    Oct

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    Nov

SCS

Steelcase

$15.30

0.1 (0.66%)

04:55
10/19/17
10/19
04:55
10/19/17
04:55
Conference/Events
Steelcase management to meet with Sidoti »

Meetings to be held in…

03/08/13
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  • 19

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04:55
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10/19
04:55
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General news
Philadelphia Fed Business Outlook Survey General Conditions Index to be reported at 08:30 »

October Philadelphia Fed…

SB

Safe Bulkers

$3.12

-0.01 (-0.32%)

04:55
10/19/17
10/19
04:55
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04:55
Conference/Events
Safe Bulkers management to meet with Jefferies »

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  • 19

    Oct

COST

Costco

$157.55

-0.83 (-0.52%)

04:55
10/19/17
10/19
04:55
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04:55
Conference/Events
Costco management to meet with Oppenheimer »

Meeting to be held in…

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  • 19

    Oct

04:55
10/19/17
10/19
04:55
10/19/17
04:55
General news
Breaking General news story  »

Kansas City Federal…

04:55
10/19/17
10/19
04:55
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04:55
General news
Breaking General news story  »

Week of 10/15 Bloomberg…

04:55
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10/19
04:55
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General news
Leading Indicators to be reported at 10:00 »

September Leading…

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