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TEVA

Teva

$19.22

-0.36 (-1.84%)

, ALDR

Alder Biopharmaceuticals

$12.95

-0.45 (-3.36%)

08:07
01/08/18
01/08
08:07
01/08/18
08:07

Teva announces global license agreement with Alder Biopharmaceuticals

Teva Pharmaceutical Industries (TEVA) announced that its subsidiary, Teva Pharmaceuticals International, has signed a global license agreement with Alder BioPharmaceuticals (ALDR). The agreement validates Teva's IP and resolves Alder's opposition to Teva's European Patent No. 1957106 B1, with respect to anti-calcitonin gene-related peptide antibodies and methods for their use. It also provides Alder with clarity for its ongoing plans in the field. Under the terms of the agreement, Alder has received a non-exclusive license to Teva's anti-CGRP antibodies patent portfolio to develop, manufacture and commercialize eptinezumab in the U.S. and worldwide, excluding Japan and Korea. In exchange, Alder has agreed to: Withdraw its appeal before the European Patent Office; Make an immediate one-time payment of $25M to Teva; Make a second one-time payment of $25M upon the approval of a biologics license application for Alder's eptinezumab with the U.S. Food and Drug Administration or of an earlier equivalent filing with a regulatory authority elsewhere in the license territory in which any Teva licensed patents exist; Following commercial launch of eptinezumab, pay $75M at each of two sales-related milestones and provide certain royalty payments on net sales at rates from 5% to 7%.

TEVA

Teva

$19.22

-0.36 (-1.84%)

ALDR

Alder Biopharmaceuticals

$12.95

-0.45 (-3.36%)

  • 08

    Jan

  • 08

    Jan

TEVA Teva
$19.22

-0.36 (-1.84%)

01/04/18
SBSH
01/04/18
UPGRADE
Target $24
SBSH
Buy
Teva upgraded to Buy from Neutral at Citi
Citi analyst Liav Abraham upgraded Teva Pharmaceutical to Buy and raised her price target for the shares to $24 from $16. The drugmaker closed yesterday up 2c to $19.13. The analyst "more constructive" on the Specialty Pharma group heading into 2018. More realistic expectations, along with pipeline catalysts set the stage for a potential inflection point for some of the stocks in 2018, Abraham tells investors in a research note on the sector. She believes Teva's risk/reward profile that is skewed to the upside over the near to medium as management executes on the recently announced cost cuts. Mylan (MYL) is Abraham's top pick for 2018.
01/05/18
WELS
01/05/18
DOWNGRADE
Target $17
WELS
Underperform
Teva downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst David Maris downgraded Teva Pharmaceutical to Underperform with a $17 price target. The drugmaker closed yesterday up 45c to $19.58. Teva shares have now risen approximately 80% from its lows in November, Maris tells investors in a research note. The analyst believes now is a good time to sell the stock. Other generic Copaxone's will emerge in 2018, pricing pressures will remain, and Teva's debt will be downgraded, Maris predicts. The analyst lowered his 2018 earnings per share estimate to $2.68, well below the consensus at $3.00.
01/05/18
JEFF
01/05/18
NO CHANGE
Target $105
JEFF
Buy
Neurocrine price target raised to $105 from $81 at Jefferies
Jefferies analyst Biren Amin raised his price target for Neurocrine Biosciences (NBIX) to $105 following his fourth proprietary survey on tardive dyskinesia. The respondents provided bullish estimates compared to past surveys, which sees prescribing possibly doubling from current levels for Neurocrine's Ingrezza and Teva's (TEVA) Austedo in both mod-severe and mild Tardive Dyskinesia by the end of 2018, Amin tells investors in a research note. The analyst expects Ingrezza to lead Austedo in market share raised his revenue estimates for Neurocrine. Amin keeps a Buy rating on the shares.
01/05/18
01/05/18
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. PriceSmart (PSMT) downgraded to Sector Perform from Outperform at Scotia Howard Weil. 2. Teva (TEVA) downgraded to Underperform from Market Perform at Wells Fargo with analyst David Maris saying Teva shares have now risen approximately 80% from its lows in November. 3. Roku (ROKU) downgraded to Sell from Neutral at Citi with analyst Mark May saying the stock is up 266% from its initial public offering price of $14 just three months ago. 4. Johnson Controls (JCI) downgraded to Neutral from Outperform at Baird with analyst Timothy Wojs saying valuation is fair in light of slower growth, lower free-cash flow conversion, and "choppier" execution. 5. Wingstop (WING) downgraded to Neutral from Outperform at Wedbush with analyst Nick Setyan saying while drivers of "solid" low single-digit same-store sales growth in 2018 exist, current consensus estimates may prove "overly optimistic." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ALDR Alder Biopharmaceuticals
$12.95

-0.45 (-3.36%)

09/26/17
COWN
09/26/17
INITIATION
Target $20
COWN
Outperform
Alder Biopharmaceuticals initiated with an Outperform at Cowen
Cowen analyst Tyler Van Buren initiated Alder Biopharmaceuticals with an Outperform rating and $20 price target as he believes its eptinezumab has created a differentiated clinical profile that is optimal for patients most severely impacted by migraine. He believes the company's IV infusion will carve out a meaningful opportunity, which will drive Alder shares to his $20 price target.
09/26/17
09/26/17
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. DowDuPont (DWDP) initiated with a Hold at HSBC. 2. Lilis Energy (LLEX) initiated with a Buy at Williams Capital. 3. Alder Biopharmaceuticals (ALDR) initiated with an Outperform at Cowen. 4. Corium (CORI) initiated with a Buy at H.C. Wainwright. 5. Tegna (TGNA) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/26/17
ADAM
10/26/17
INITIATION
Target $20
ADAM
Buy
Alder Biopharmaceuticals initiated with a Buy at Canaccord
Canaccord initiated Alder Biopharmaceuticals with a Buy and $20 price target.
10/27/17
10/27/17
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. IBM (IBM) initiated with a Buy at Pivotal Research. 2. Alder Biopharmaceuticals (ALDR) initiated with a Buy at Canaccord. 3. Biogen (BIIB) initiated with a Hold at Canaccord. 4. Okta (OKTA) initiated with a Buy at SunTrust. 5. Carvana (CVNA) initiated with a Market Perform at Barrington. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NVS

Novartis

$87.21

0.21 (0.24%)

, CMCSA

Comcast

$42.44

-0.45 (-1.05%)

20:25
01/23/18
01/23
20:25
01/23/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

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NVS

Novartis

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0.21 (0.24%)

CMCSA

Comcast

$42.44

-0.45 (-1.05%)

GE

General Electric

$16.89

0.72 (4.45%)

UTX

United Technologies

$136.03

0.82 (0.61%)

ABT

Abbott

$59.23

-0.34 (-0.57%)

GD

General Dynamics

$207.48

-0.72 (-0.35%)

ITW

Illinois Tool Works

$173.06

-0.33 (-0.19%)

NSC

Norfolk Southern

$151.66

0.19 (0.13%)

BHGE

Baker Hughes

$35.82

0.27 (0.76%)

PGR

Progressive

$57.05

-1.17 (-2.01%)

RCL

Royal Caribbean

$127.22

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SWK

Stanley Black & Decker

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ROK

Rockwell Automation

$204.69

0.76 (0.37%)

NTRS

Northern Trust

$106.89

-0.54 (-0.50%)

GWW

Grainger

$229.45

-0.41 (-0.18%)

ROL

Rollins

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CERS

Cerus

$4.33

0.14 (3.34%)

19:39
01/23/18
01/23
19:39
01/23/18
19:39
Conference/Events
Cerus to hold a pharmaceutical update conference call »

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XPER

Xperi

$22.85

0.35 (1.56%)

19:26
01/23/18
01/23
19:26
01/23/18
19:26
Conference/Events
Xperi to hold a conference call »

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MDR

McDermott

$7.86

-0.1 (-1.26%)

19:14
01/23/18
01/23
19:14
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19:14
Upgrade
McDermott rating change  »

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BDRBF

Bombardier

, ERJ

Embraer

$24.13

-0.34 (-1.39%)

19:08
01/23/18
01/23
19:08
01/23/18
19:08
Periodicals
Bombardier invokes Embraer in Boeing trade dispute, Globe and Mail says »

Bombardier (BDRBF) says…

BDRBF

Bombardier

ERJ

Embraer

$24.13

-0.34 (-1.39%)

BA

Boeing

$335.59

-2.41 (-0.71%)

DAL

Delta Air Lines

$59.93

-0.2 (-0.33%)

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GSBC

Great Southern Bancorp

$52.00

0.45 (0.87%)

19:01
01/23/18
01/23
19:01
01/23/18
19:01
Earnings
Great Southern Bancorp reports preliminary Q4 EPS 86c, consnesus 83c »

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UUUU

Energy Fuels

$1.72

0.035 (2.08%)

18:48
01/23/18
01/23
18:48
01/23/18
18:48
Hot Stocks
Energy Fuels names Mark S. Chalmers president and CEO »

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  • 29

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18:15
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18:15
General news
Breaking General news story  »

Chicago Federal Reserve…

RBS

RBS

$8.46

-0.02 (-0.24%)

18:10
01/23/18
01/23
18:10
01/23/18
18:10
Periodicals
RBS plans to leave London headquarters by end of 2019, Reuters reports »

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TROX

Tronox

$21.88

0.07 (0.32%)

18:09
01/23/18
01/23
18:09
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18:09
Hot Stocks
Tronox files lawsuit to prevent FTC from blocking proposed Cristal acquisition »

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UBNK

United Financial

$17.92

-0.03 (-0.17%)

18:00
01/23/18
01/23
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01/23/18
18:00
Hot Stocks
United Financial reports Q4 provision for loan losses $2.3M »

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UBNK

United Financial

$17.92

-0.03 (-0.17%)

17:59
01/23/18
01/23
17:59
01/23/18
17:59
Earnings
United Financial reports Q4 EPS with items 19c, consensus 30c »

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SPY

SPDR S&P 500 ETF Trust

$283.29

0.6 (0.21%)

, SPX

S&P 500

17:55
01/23/18
01/23
17:55
01/23/18
17:55
General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Senate confirms Jerome…

SPY

SPDR S&P 500 ETF Trust

$283.29

0.6 (0.21%)

SPX

S&P 500

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17:55
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Conference/Events
Federal Reserve Bank of Chicago President participates in a discussion »

Chicago Federal Reserve…

HESM

Hess Midstream Partners

$21.75

0.45 (2.11%)

17:46
01/23/18
01/23
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Hot Stocks
Hess Midstream Partners raises quarterly dividend 3.6% to 32.2c per unit »

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GWB

Great Western

$44.29

0.53 (1.21%)

17:33
01/23/18
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17:33
Hot Stocks
Great Western announces financial impact resulting from Tax Cuts and Jobs Act »

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  • 25

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ARAY

Accuray

$5.20

0.05 (0.97%)

, TSS

TSYS

$83.92

0.17 (0.20%)

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On The Fly: After Hours Movers »

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ARAY

Accuray

$5.20

0.05 (0.97%)

TSS

TSYS

$83.92

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CERS

Cerus

$4.33

0.14 (3.34%)

NTIP

Network-1 Technologies

$2.60

0.1 (4.00%)

GOOG

Alphabet

$1,169.97

14.16 (1.23%)

GOOGL

Alphabet Class A

$1,176.17

12.01 (1.03%)

QGEN

Qiagen

$33.55

0.5 (1.51%)

SIRI

SiriusXM

$5.68

0.03 (0.53%)

VLO

Valero

$98.69

-0.26 (-0.26%)

UAL

United Continental

$77.97

1.1 (1.43%)

NAVI

Navient

$13.44

-0.08 (-0.59%)

CREE

Cree

$35.02

-1.67 (-4.55%)

COF

Capital One

$105.71

0.22 (0.21%)

TXN

Texas Instruments

$119.89

0.45 (0.38%)

PBYI

Puma Biotechnology

$90.90

-3.05 (-3.25%)

SIGM

Sigma Designs

$7.00

0.025 (0.36%)

FPRX

Five Prime

$22.43

0.14 (0.63%)

RCKT

Rocket Pharmaceuticals

$15.19

1.92 (14.47%)

TK

Teekay Corp.

$10.74

0.05 (0.47%)

SBBP

Strongbridge Biopharma

$8.70

0.25 (2.96%)

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UAL

United Continental

$77.97

1.11 (1.44%)

17:25
01/23/18
01/23
17:25
01/23/18
17:25
Earnings
United Continental sees FY18 EPS $6.50-$8.50, consensus $6.97 »

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17:25
01/23/18
01/23
17:25
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17:25
Conference/Events
The Chicago Council on Global Affairs to hold a panel discussion »

The Chicago Council on…

MULE

MuleSoft

$25.08

-0.31 (-1.22%)

17:21
01/23/18
01/23
17:21
01/23/18
17:21
Initiation
MuleSoft initiated at Nomura Instinet »

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  • 15

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MDB

MongoDB

$28.83

0.02 (0.07%)

17:19
01/23/18
01/23
17:19
01/23/18
17:19
Initiation
MongoDB initiated at Nomura Instinet »

MongoDB initiated with a…

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UAL

United Continental

$77.97

1.1 (1.43%)

17:19
01/23/18
01/23
17:19
01/23/18
17:19
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United sees FY19 and FY20…

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UAL

United Continental

$77.97

1.1 (1.43%)

17:18
01/23/18
01/23
17:18
01/23/18
17:18
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United sees FY18 CASM…

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APTI

Apptio

$24.39

0.02 (0.08%)

17:17
01/23/18
01/23
17:17
01/23/18
17:17
Initiation
Apptio initiated at Nomura Instinet »

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  • 05

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VMW

VMware

$137.96

1.27 (0.93%)

17:16
01/23/18
01/23
17:16
01/23/18
17:16
Initiation
VMware initiated at Nomura Instinet »

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