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ATNX

Athenex

$18.10

-0.39 (-2.11%)

09:01
08/09/18
08/09
09:01
08/09/18
09:01

Athenex receives clearance to import potassium chloride injection concentrate

Athenex announced that the United States Food and Drug Administration has granted clearance for Athenex Pharmaceutical Division to import Potassium Chloride Injection Concentrate in response to a national drug shortage of that product. This FDA clearance allows APD to import Potassium Chloride Injection Concentrate on a temporary basis or for the duration of the shortage.Jeffrey Yordon, Athenex's COO and President of Athenex's Pharmaceutical Division, stated, "Potassium Chloride is currently on the drug shortage list of the FDA. We are happy to help provide a solution to the current shortage as we remain focused on developing novel therapies for the treatment of cancer." The importation of Potassium Chloride Injection began in August, 2018 and is currently helping supply the US market demand.

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ATNX Athenex
$18.10

-0.39 (-2.11%)

09/18/17
FBCO
09/18/17
INITIATION
Target $25
FBCO
Outperform
Athenex initiated with an Outperform at Credit Suisse
Credit Suisse analyst Iris Wang started Athenex with an Outperform rating and $25 price target. The company's pipeline of orally delivered chemotherapeutic agents offers an attractive risk-reward profile, Wang tells investors in a research note titled "An emerging biotech unicorn."
09/18/17
09/18/17
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. Teck Resources (TECK) initiated with a Sell at Axiom. 2. GenMark (GNMK) initiated with a Buy at BofA/Merrill. 3. Cirrus Logic (CRUS) initiated with an Underperform at BofA/Merrill. 4. Athenex (ATNX) initiated with an Outperform at Credit Suisse. 5. Brookfield Infrastructure (BIP) reinitiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/17/18
DBAB
01/17/18
NO CHANGE
Target $20
DBAB
Buy
Athenex feedback from FDA removes key overhang, says Deutsche Bank
The positive FDA feedback, where Athenex and the agency agreed on an ongoing Phase 3 study as a registration study, effectively removed a key regulatory overhang of the stock, Deutsche Bank analyst Jack Hu tells investors in a research note. The analyst had been concerned that FDA might not approve Oraxol even if the trial turns out to be successful. He now believes, however, that the Phase 3 study has "much reduced" regulatory risks. The analyst keeps a Buy rating on Athenex with a $20 price target.
03/06/18
NEED
03/06/18
INITIATION
Target $30
NEED
Buy
Athenex initiated with a Buy at Needham
Needham analyst Chad Messer initiated Athenex with a Buy rating and a price target of $30, saying the company is evolving into a global pharma entity with both API and commercial product manufacturing development. Messer sees its Orascovery platform as a key value driver, potentially "enabling oral delivery of traditionally I.V. forms of chemotherapy" which is not only more convenient and cost effective but also reduces the high peak and low trough drug concentrations inherent in I.V. delivery.

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MGTA

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DIS

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