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ARRY

Array BioPharma

$15.06

-0.07 (-0.46%)

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

Array BioPharma receives FDA Breakthrough Therapy Designation for BRAFTOVI

Array BioPharma announced it has received Breakthrough Therapy Designation from the U.S. FDA for encorafenib (BRAFTOVI), in combination with binimetinib (MEKTOVI) and cetuximab for the treatment of patients with BRAFV600E-mutant metastatic colorectal cancer as detected by an FDA-approved test, after failure of one to two prior lines of therapy for metastatic disease. BRAFV600E-mutant mCRC patients have a mortality risk more than double that of mCRC patients without the mutation, and currently there are no therapies specifically approved for this high unmet need population.

ARRY Array BioPharma
$15.06

-0.07 (-0.46%)

06/20/18
CANT
06/20/18
NO CHANGE
Target $24
CANT
Overweight
Array BioPharma shares could have more room to advance, says Cantor Fitzgerald
Cantor Fitzgerald analyst Mara Goldstein believes Array BioPharma's combination of binimetinib/encorafenib has the "potential to be best-in-class and take a market-leader position." The FDA action date is June 30. Further, the analyst sees opportunity in BRAF+ CRC based on the safety lead-in portion of the Beacon study, which she believes could expand the potential market, with updated results to be presented on June 23. Goldstein thinks Array shares "could have further room to advance" and keeps an Overweight rating on the name with a $24 price target.
06/25/18
PIPR
06/25/18
NO CHANGE
Target $21
PIPR
Overweight
Piper backs Overweight on Array BioPharma after 'impressive' BEACON update
Piper Jaffray analyst Edward Tenthoff reiterated an Overweight rating and $21 price target on Array BioPharma after the company reported an "impressive" one-year overall survival rate of 62% from the safety lead-in of the Phase 3 BEACON CRC trial evaluating the triplet combination of encorafenib, a BRAF inhibitor, binimetinib, a MEK inhibitor and cetuximab, an anti-EGFR antibody, in patients with BRAFV600E-mutant metastatic colorectal cancer. In a research note to investors, Tenthoff also said he is confident in the approval of Braftovi + Mektovi in BRAF-mutant melanoma by the June 30 PDUFA date.
06/25/18
RHCO
06/25/18
NO CHANGE
Target $25
RHCO
Buy
Array BioPharma price target raised to $25 from $19 at SunTrust
SunTrust analyst Peter Lawson raised his price target on Array BioPharma to $25 after the company's updated data from the lead in portion of the Phase 3 BEACON CRC trial of bini/enco/cetuximab. Lawson notes that Array offered survival data for the first time, and that the 12-month OS was "far better" than with SOC regimens at less than 6 months. The analyst believes the findings are "encouraging", increasing his probability of success and market penetration estimates for BEACON CRC while keeping his Buy rating on Array BioPharma.
06/27/18
PIPR
06/27/18
NO CHANGE
Target $25
PIPR
Overweight
Piper ups Array BioPharma price target to $25 after early BRAF-melanoma approval
Piper Jaffray analyst Edward Tenthoff said he is encouraged by the early approval of Array Biopharma's Braftovi and Mektovi combination in BRAF-mutant melanoma ahead of the June 30 PDUFA date and he believes the label "looks good." Tenthoff, who thinks the improved tolerability and "best in class" efficacy of the combination will support rapid uptake, raised his price target on Array shares to $25 from $21 following the approval announcement and he keeps an Overweight rating on the stock.

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LLL

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HSGX

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PLD

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WLK

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SM

SM Energy

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