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TRVN

Trevena

$2.37

-0.08 (-3.27%)

16:06
10/11/17
10/11
16:06
10/11/17
16:06

Trevena to restructure, halt investment in early stage research

Trevena announced an update to its strategy to focus its resources on the potential approval and commercialization of OLINVO in the United States. With this strategic re-positioning, the company is halting its investment in early stage research. The company intends to complete the ongoing Phase 1 trial of TRV250 for acute migraine, after which it will assess options for further development of this asset, as well as for its series of novel S1P modulators for neuropathic pain. As part of this plan, the company is reducing its workforce by approximately 30%, or 21 full time employees, predominantly from its research team. As part of this, Chief Scientific Officer Michael Lark, Ph.D., will depart the company in mid-December. The company estimates this reduction in force, along with other cost savings initiatives, will reduce cash expected to be used in operating activities over the next three calendar years by approximately $40M. The company also expects to incur a charge in Q4 of approximately $2.0M related to the reduction, of which approximately $1.7M is a cash charge relating primarily to severance costs and related expenses.

TRVN Trevena
$2.37

-0.08 (-3.27%)

03/14/17
OPCO
03/14/17
NO CHANGE
Target $10
OPCO
Outperform
Trevena selloff overdone, says Oppenheimer
Oppenheimer analyst Derek Archila says that despite the company's mixed results relative to morphine, he believes the recent selloff is overdone and that Olinvo will be approved given its statistically significant results versus placebo. The analyst thinks Olinvo remains commercially viable given the trends on improved safety from the APOLLO studies, and should become an important option for patients most at risk for opioid-related adverse events. He reiterates an Outperform rating and $10 price target.
02/23/17
HCWC
02/23/17
NO CHANGE
Target $8
HCWC
Buy
Trevena price target lowered to $8 from $11 at H.C. Wainwright
H.C. Wainwright analyst Ed Arce lowered his price target for Trevena to $8 to reflect reduced expectations on Olinvo's commercial uptake following the Phase 3 readouts. The analyst does not believe commercial success is an "all-or-nothing" proposition, however, and keeps a Buy rating on the shares.
02/22/17
ROTH
02/22/17
NO CHANGE
Target $8.5
ROTH
Buy
Trevena price target lowered to $8.50 from $14.50 at Roth Capital
Roth Capital analyst Michael Higgins lowered his price target for Trevena to $8.50 from $14.50 after the company announced pivotal trial results with OLINVO from two trials in post-op bunionectomy and abdominoplasty patients. The analyst notes that his expectations for very strong efficacy results were met, but the stark reduction in adverse events versus morphine that he saw in the two Phase 2 did not materialize. He reiterates a Buy rating on the shares.
02/21/17
JEFF
02/21/17
NO CHANGE
Target $11
JEFF
Buy
Jefferies sees hospital uptake for Trevena painkiller
After Trevena's oliceridine hit on two primary Phase III endpoints, Jefferies analyst Biren Amin says the debate is around the painkiller's commercial prospects with the stock 34% to $4.72 in midday trading. Oliceridine can be approved in late 2018 and the clinical profile overall should justify a health outcomes benefit, Amin tells investors in a research note. He highlights the drug's improved safety profile relative to morphine in today's data. The analyst keeps a Buy rating on Trevena with an $11 price target.

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TWTR

Twitter

$32.66

0.55 (1.71%)

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AAPL

Apple

$175.50

3 (1.74%)

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

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DAL

Delta Air Lines

$53.46

0.91 (1.73%)

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United Continental

$67.57

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Delta Air Lines

$53.46

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UAL

United Continental

$67.57

0.87 (1.30%)

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BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

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Berkshire Hathaway

$202.76

2.03 (1.01%)

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Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

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Berkshire Hathaway

$202.76

2.03 (1.01%)

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TWX

Time Warner

$94.70

0.33 (0.35%)

, T

AT&T

$36.72

0.25 (0.69%)

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TWX

Time Warner

$94.70

0.33 (0.35%)

T

AT&T

$36.72

0.25 (0.69%)

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JKHY

Jack Henry

$121.95

1.79 (1.49%)

12:59
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PFBC

Preferred Bank

$64.05

0.86 (1.36%)

12:52
02/24/18
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Conference/Events
Preferred Bank management to meet with Stephens »

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R

Ryder

$74.54

0.19 (0.26%)

12:47
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ASPU

Aspen Group

$8.85

1.48 (20.08%)

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TWTR

Twitter

$32.66

0.55 (1.71%)

, AOBC

American Outdoor Brands

$10.00

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AOBC

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RGR

Sturm, Ruger

$49.90

0.9 (1.84%)

X

U.S. Steel

$43.52

0.54 (1.26%)

STLD

Steel Dynamics

$47.47

-0.53 (-1.10%)

NUE

Nucor

$66.94

-0.01 (-0.01%)

AKS

AK Steel

$5.50

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AET

Aetna

$175.55

0.49 (0.28%)

ANTM

Anthem

$235.24

1.56 (0.67%)

CNC

Centene

$100.45

0.96 (0.96%)

CI

Cigna

$194.79

2.89 (1.51%)

HNT

Health Net

HUM

Humana

$271.19

3.38 (1.26%)

MOH

Molina Healthcare

$72.94

1.38 (1.93%)

UNH

UnitedHealth

$230.16

3.07 (1.35%)

WCG

WellCare

$192.05

0.03 (0.02%)

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DBX

Dropbox

, SNAP

Snap

$17.45

-0.06 (-0.34%)

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DBX

Dropbox

SNAP

Snap

$17.45

-0.06 (-0.34%)

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IPG

Interpublic Group

$24.24

0.3 (1.25%)

, OMC

Omnicom

$77.31

0.52 (0.68%)

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IPG

Interpublic Group

$24.24

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OMC

Omnicom

$77.31

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PUBGY

Publicis

$18.82

0.09 (0.48%)

WPP

WPP

$95.30

0.93 (0.99%)

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MSFT

Microsoft

$94.06

2.33 (2.54%)

, INTC

Intel

$47.73

1.93 (4.21%)

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MSFT

Microsoft

$94.06

2.33 (2.54%)

INTC

Intel

$47.73

1.93 (4.21%)

NVDA

Nvidia

$245.93

3.78 (1.56%)

MU

Micron

$46.53

2.28 (5.15%)

GOOG

Alphabet

$1,126.79

20.16 (1.82%)

GOOGL

Alphabet Class A

$1,128.09

18.19 (1.64%)

AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

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AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

09:26
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BHGE

Baker Hughes

$28.03

-0.01 (-0.04%)

04:55
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GE

General Electric

$14.49

-0.01 (-0.07%)

18:49
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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

18:30
02/23/18
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18:30
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Bright Scholar files to sell 10M American Depositary Shares »

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JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

, CMD

Cantel Medical

$115.34

2.45 (2.17%)

18:03
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18:03
Periodicals
J&J sterilization unit draws bids from Cantel Medical, Medtronic, Bloomberg says »

Cantel Medical (CMD) and…

JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

CMD

Cantel Medical

$115.34

2.45 (2.17%)

MDT

Medtronic

$80.39

-0.02 (-0.02%)

KKR

KKR

$21.96

0.18 (0.83%)

CG

Carlyle Group

$23.15

-0.1 (-0.43%)

MMM

3M

$237.02

1.02 (0.43%)

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

CVS Health

$68.16

0.16 (0.24%)

18:00
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AET

Aetna

$175.55

0.49 (0.28%)

CVS

CVS Health

$68.16

0.16 (0.24%)

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:56
02/23/18
02/23
17:56
02/23/18
17:56
Syndicate
Breaking Syndicate news story on MYnd Analytics »

MYnd Analytics files to…

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:55
02/23/18
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Breaking Syndicate news story on MYnd Analytics »

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