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SPPI

Spectrum

$19.04

0.38 (2.04%)

19:10
12/17/17
12/17
19:10
12/17/17
19:10

Spectrum Pharmaceuticals terminates Rajesh Shrotriya from CEO position

Spectrum Pharmaceuticals announced that its Board of Directors has terminated Rajesh Shrotriya without cause from his position as Chief Executive Officer, and announced leadership changes under which Joseph Turgeon, the current President and Chief Operating Officer, has been named President and Chief Executive Officer and elected to the Board of Directors, and current Director Stuart Krassner has been named Chairman of the Board. In addition, Thomas Riga, who currently serves as Executive Vice President, Chief Commercial Officer and Head of Business Development, has been named Chief Operating Officer. These changes are effective immediately.

SPPI Spectrum
$19.04

0.38 (2.04%)

10/23/17
GUGG
10/23/17
INITIATION
Target $32
GUGG
Buy
Spectrum initiated with a Buy at Guggenheim
Guggenheim initiated Spectrum with a Buy and $32 price target.
10/20/17
JEFF
10/20/17
NO CHANGE
Target $25
JEFF
Buy
Spectrum price target raised to $25 from $18 at Jefferies
Jefferies analyst Matthew Andrews raised his price target for Spectrum Pharmaceuticals to $25 saying the Phase II data in EGFR exon 20, while early, are "incrementally de-risking and suggest a potent/tolerable drug." The shares can "grind higher" into the first half of 2018, the analyst contends. He keeps a Buy rating on Spectrum.
10/19/17
HCWC
10/19/17
NO CHANGE
Target $29
HCWC
Buy
Spectrum price target raised to $29 from $20 at H.C. Wainwright
H.C. Wainwright analyst Edward White raised his price target for Spectrum Pharmaceuticals to $29 saying early data for poziotinib in exon 20 is "compelling." The analyst increased his probability of success to 60% from 50% for poziotinib. He projects revenues of $220M, $850M, and $650M for Qapzola, poziotinib, and Rolontis, respectively, in 2024. White keeps a Buy rating on Spectrum.
10/18/17
JEFF
10/18/17
NO CHANGE
Target $18
JEFF
Buy
Jefferies expects 'meaningful' upside today for Spectrum
Jefferies analyst Matthew Andrews says that while still early, updated poziotinib data in exon 20 non-small-cell lung cancer are "impressive" at 73% objective response rate. The analyst notes that his bull case of $1B in U.S. sales suggests a price target of $27.50. These data should be well received and drive "meaningful share upside today," Andrews tells investors in a research note. He has a Buy rating on Spectrum with an $18 price target. The stock in premarket trading is up 27%, or $3.84, to $18.30.

TODAY'S FREE FLY STORIES

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SPY

SPDR S&P 500 ETF Trust

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FB

Facebook

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WMT

Walmart

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AAPL

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BA

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-2.43 (-0.71%)

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AAPL

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-0.8 (-0.45%)

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WLFC

Willis Lease

$26.66

0.05 (0.19%)

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DPS

Dr Pepper Snapple

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RCII

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AR

Antero Resources

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T

AT&T

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GRPN

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CELG

Celgene

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VALU

Value Line

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VALU

Value Line

$19.60

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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Genmab

$190.75

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Johnson & Johnson

$147.36

0.44 (0.30%)

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