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VRTX

Vertex

$184.39

-1.68 (-0.90%)

12:30
09/03/18
09/03
12:30
09/03/18
12:30

Vertex announces reimbursement agreement in Australia for Orkambi

Vertex Pharmaceuticals announces finalization of an agreement with the Australian Government that allows for reimbursement of Orkambi for people ages six and over with cystic fibrosis who have two copies of the F508del mutation in the cystic fibrosis transmembrane conductance regulator gene. This agreement means lumacaftor/ivacaftor will be listed on the Pharmaceutical Benefits Scheme from 1 October and follows a positive recommendation from the Pharmaceutical Benefits Advisory Committee. A pathway to access for future Vertex CF medicine, tezacaftor/ivacaftor, has been established as part of this process.

  • 12

    Sep

  • 22

    Oct

VRTX Vertex
$184.39

-1.68 (-0.90%)

08/28/18
ARGS
08/28/18
NO CHANGE
Target $200
ARGS
Buy
Vertex price target raised to $200 from $172 at Argus
Argus analyst Jasper Hellweg raised his price target on Vertex Pharmaceuticals to $200 and kept his Buy rating after its most recent earnings beat, saying he is positive on the company's product line-up and "deep pipeline" in the cystic fibrosis market. The analyst notes that the company's core products Orkambi and Kalydeco saw a "solid" digit growth, while its Symdeko launch has also enjoyed success. Hellweg further states that while Vertex valuation multiple of 38-times forward earnings is above the peer group average of 34-times, it is "well below" its 3-year historical average of 71.2-times, adding that its 15.3-times current sales multiple is also below the 3-year average of 17.1-times.
08/08/18
HCWC
08/08/18
NO CHANGE
Target $43
HCWC
Buy
Insmed likely to be acquired after positive panel vote, says H.C. Wainwright
H.C. Wainwright analyst Andrew Fein raised his price target for Insmed (INSM) to $43 from $35 following yesterday's 12-2 FDA panel vote in favor of ALIS in refractory nontuberculous mycobacterial patients. Insmed is now likely to be acquired as ALIS "fits well within the pipeline of a number of larger companies," Fein tells investors in a research note. He expects the company's Q3 conference call "may well be its last." The analyst sees AstraZeneca (AZN), Gilead Sciences (GILD) and Vertex Pharmaceuticals (VRTX) as potential acquirers of Insmed. He reiterates a Buy rating on Insmed.
08/07/18
PIPR
08/07/18
NO CHANGE
Target $20
PIPR
Overweight
Eloxx Pharma's ELX-02 can address significant unmet need, says Piper Jaffray
Piper Jaffray analyst Edward Tenthoff kept his Overweight rating and $20 price target on Eloxx Pharmaceuticals (ELOX) after its Q2 earnings, saying the company's cash position of $63.4M is expected to keep it funded into 2020. The analyst notes that having cleared its pre-clinical trial application in Belgium, the company is preparing to initiate a Phase 2 study of ELX-02 in cystic fibrosis with G542X mutation in Q4, anticipating a readout in 2019. Tenthoff notes that Eloxx Pharma has an opportunity for the program given that up to 15% of CF patients do not respond to the current therapies offered by Vertex (VRTX).
08/07/18
STFL
08/07/18
INITIATION
Target $200
STFL
Buy
Vertex transferred with a Buy at Stifel
Stifel transferred coverage of Vertex to analyst Paul Matteis, who set a Buy rating and $200 price target on the shares. Matteis thinks Vertex continues to build strong barriers to entry that in Cystic Fibrosis and believes that the company's non-CF pipeline largely represents upside to the stock.

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Weight Watchers put volume heavy and directionally bearish »

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iShares Trust Russell 2000 Index Fund

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1 (0.64%)

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$0.00

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Consumer Discretionary Sector SPDR

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Health Care Select Sector SPDR

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Technology Select Sector SPDR

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SPY

SPDR S&P 500 ETF Trust

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House Appropriations Committee to hold a hearing »

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RF

Regions Financial

$16.16

-0.085 (-0.52%)

15:20
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Call spreads in Regions Financial as bullish positions are adjusted »

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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NYSE Market Internals

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NYSE market internals summary »

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UA

Under Armour

$19.57

0.16 (0.82%)

15:15
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Under Armour put volume heavy and directionally bearish »

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15:15
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15:15
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Treasury Action: Treasuries have been underpinned all day »

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ABBV

AbbVie

$79.47

0.71 (0.90%)

, AZN

AstraZeneca

$40.78

0.345 (0.85%)

15:14
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15:14
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Conference/Events
Senate Finance Committee to hold a hearing »

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ABBV

AbbVie

$79.47

0.71 (0.90%)

AZN

AstraZeneca

$40.78

0.345 (0.85%)

BMY

Bristol-Myers

$50.75

0.6 (1.20%)

JNJ

Johnson & Johnson

$136.22

0.82 (0.61%)

MRK

Merck

$80.39

0.57 (0.71%)

PFE

Pfizer

$42.91

0.77 (1.83%)

SNY

Sanofi

$41.10

-0.23 (-0.56%)

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MGA

Magna

$54.61

2.015 (3.83%)

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LTRPA

Liberty TripAdvisor

$16.20

0.31 (1.95%)

15:04
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Options
Liberty TripAdvisor options imply 4.8% move in share price post-earnings, above median historical move »

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SPX

S&P 500

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, SPY

SPDR S&P 500 ETF Trust

$278.32

0.89 (0.32%)

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S&P 500

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SPDR S&P 500 ETF Trust

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14:55
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Fed's Bullard doesn't want to be shrinking the balance sheet and cutting rates »

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ALXN

Alexion

$128.46

0.9 (0.71%)

14:52
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Alexion says FDA grants priority review and accepts sBLA of Soliris »

Alexion Pharmaceuticals…

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  • 20

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14:50
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Conference/Events
Senate Energy & Natural Resources Committee to hold a hearing »

The Committee holds a…

JMEI

Jumei

$2.68

0.19 (7.63%)

14:49
02/22/19
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14:49
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14:49
Options
Jumei options imply 7.1% move in share price post-earnings, above median historical move »

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AGR

Avangrid

$48.84

-0.06 (-0.12%)

14:42
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Conference/Events
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SPX

S&P 500

$0.00

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$278.77

1.34 (0.48%)

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Periodicals
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In a letter to U.S.…

SPX

S&P 500

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SPDR S&P 500 ETF Trust

$278.77

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14:40
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General news
Fed's Quarles confirmed the FOMC's decision to maintain an "ample" reserve balance »

Fed's Quarles…

PDVW

pdvWireless

$46.00

5.105 (12.48%)

14:30
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pdvWireless move higher attributed to FCC proposed rulemaking notice »

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