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BCRX

BioCryst

$5.05

0.03 (0.60%)

, IDRA

Idera Pharmaceuticals

$1.84

-0.03 (-1.60%)

08:39
02/27/18
02/27
08:39
02/27/18
08:39

BioCryst sees proposed merger with Idera completed by end of Q2

As previously reported on January 22, BioCryst (BCRX) and Idera (IDRA) jointly announced the signing of a definitive merger agreement to create a company focused on the development and commercialization of medicines to serve patients suffering from rare diseases. The combined company will be renamed upon closing, and will be led by Vincent Milano, CEO of Idera. Jon Stonehouse will serve as a member of the Board of Directors. The transaction is subject to approval by the stockholders of both companies, as well as the satisfaction of customary closing conditions. The transaction is expected to be completed by the end of the second quarter of 2018. BioCryst CEO Jon Stonehouse said: "We are on track to report top-line results from the APeX-2 pivotal trial of BCX7353 and to initiate a Phase 1 clinical trial for our recently unveiled ALK2 inhibitor program for treating FOP in the first half of 2019...In January, we announced our proposed merger with Idera Pharmaceuticals, Inc. that we believe will build greater and more sustainable value for the benefit of stockholders as well as patients with rare diseases beyond what we could achieve alone. The BioCryst Board determined this combination was compelling from both a strategic and financial perspective following a careful evaluation of a range of strategies to enhance long-term stockholder value. The transaction will create a leading rare disease company with a robust pipeline including two promising Phase 3 programs and combines synergistic discovery engines that will not only expand the number of rare diseases we can target but create meaningful opportunities for differentiation in the market through joint small molecule and oligo treatments."

BCRX

BioCryst

$5.05

0.03 (0.60%)

IDRA

Idera Pharmaceuticals

$1.84

-0.03 (-1.60%)

  • 27

    Feb

  • 01

    Mar

  • 04

    Apr

BCRX BioCryst
$5.05

0.03 (0.60%)

11/28/17
JMPS
11/28/17
NO CHANGE
Target $12
JMPS
Outperform
JMP Securities finds doctors 'bullish' on BioCryst HAE drug
JMP Securities analyst Liisa Bayko said her survey of allergists found them to be "bullish" on BioCryst's lead asset, BCX7353, even in the context of other highly effective hereditary angioedema treatment options. This physician enthusiasm is disconnected from BioCryst's valuation, contends Bayko, who reiterates her Outperform rating and $12 price target on the stock.
12/20/17
LEHM
12/20/17
INITIATION
Target $6
LEHM
Equal Weight
BioCryst initiated with an Equal Weight at Barclays
Barclays analyst Gena Wang started BioCryst Pharmaceuticals with an Equal Weight rating and $6 price target. The analyst sees a lack of meaningful clinical catalysts in 2018 and some risk around the company's Phase 3 trial for BCX7353 in hereditary angioedema.
01/02/18
RBCM
01/02/18
UPGRADE
RBCM
Outperform
BioCryst upgraded to Outperform from Sector Perform at RBC Capital
01/02/18
RBCM
01/02/18
UPGRADE
Target $8
RBCM
Outperform
BioCryst upgraded to Outperform at RBC Capital on BCX7353 performance
As reported earlier, RBC Capital analyst Brian Abrahams upgraded BioCryst to Outperform from Sector Perform and raised his price target to $8 from $6. Abrahams says the lead drug BCX7353 showed a clear reduction in hereditary angioedema attacks in its phase 2 study, while its lack of dose dependence is "legitimately explainable by misidentification of GI side effects at the higher doses". The analyst adds that the recent FDA precedent also implies a "relatively low bar for approvals of drugs to treat rare, potentially fatal diseases".
IDRA Idera Pharmaceuticals
$1.84

-0.03 (-1.60%)

04/25/17
04/25/17
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. Sony (SNE) initiated with an Outperform at Bernstein. 2. Rockwell Collins (COL) reinstated with a Sell at Goldman Sachs. 3. Idera Pharmaceuticals (IDRA) initiated with an Outperform at Baird. 4. GasLog (GLOG) initiated with an Outperform at Credit Suisse. 5. Fitbit (FIT) initiated with a Buy at Benchmark. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/09/17
HCWC
11/09/17
INITIATION
Target $4
HCWC
Buy
Idera Pharmaceuticals initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Swayampakula Ramakanth started Idera Pharmaceuticals with a Buy rating and $4 price target. The company's two lead products have "significant potential in the fast growing immunotherapy market," the analyst contends.
11/09/17
11/09/17
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. AnaptysBio (ANAB) initiated with a Buy at Jefferies. 2. Regenxbio (RGNX) resumed with an Overweight at Morgan Stanley. 3. GTx (GTXI) initiated with a Buy at Stifel. 4. Idera Pharmaceuticals (IDRA) initiated with a Buy at H.C. Wainwright. 5. Nektar (NKTR) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/09/17
PIPR
11/09/17
NO CHANGE
Target $4
PIPR
Overweight
Piper reiterates Overweight rating on Idera after IMO-2125 trial update
After Idera Pharmaceuticals reported a 5th unconfirmed RECIST response in its ongoing IMO-2125 plus Yervoy combo trial in PD-1 refractory metastatic melanoma, bringing the ORR to 50%, Piper Jaffray analyst Edward Tenthoff reiterated his Overweight rating and $4 price target on the stock, which is up 15% to $2.03 in midday trading.

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AT&T

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SBGI

Sinclair Broadcast

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DE

Deere

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Periodicals
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Manitowoc

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Asos

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