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LLY

Eli Lilly

$111.91

-1.4 (-1.24%)

, INCY

Incyte

$66.09

1.66 (2.58%)

18:44
10/21/18
10/21
18:44
10/21/18
18:44

Eli Lilly, Incyte shares updated safety analysis of Olumiant in active RA

Eli Lilly (LLY) and Incyte (INCY) announced findings from an updated integrated safety analysis of Olumiant based on an ongoing long-term extension study of rheumatoid arthritis patients treated up to six years. The analysis provides further support for the characterization of Olumiant's safety profile, and was shared as an oral presentation at the American College of Rheumatology/Association of Rheumatology Health Professionals Annual Meeting in Chicago, Illinois. Olumiant is indicated in the U.S. for the treatment of adults with moderately-to-severely active RA who have had an inadequate response to one or more tumor necrosis factor antagonist therapies. This long-term safety evaluation of Olumiant included all patients with active RA exposed to the medicine during eight randomized trials and one LTE study. Dose responses were evaluated based on the four Phase 2/3 trials in which patients were randomized to receive the 2-mg or 4-mg dose of baricitinib, including data from the LTE. Incidence rates were calculated per 100 patient-years. In total, 3,492 patients received Olumiant for 7,860 patient-years of exposure. More than three-quarters of these patients were treated for at least one year, and half were treated for at least two and a half years. Overall, adverse event IRs per 100 PYE were consistent with prior analyses, and did not show evidence of increase with longer-term treatment. The malignancy IR was 0.8. The major adverse cardiovascular event IR was 0.5. The serious infection IR was 3.0. The IR for venous thromboembolism, which combined events of deep venous thrombosis and pulmonary embolism, was 0.5. Fewer than 1.0% of patients discontinued treatment with Olumiant due to abnormal lab results. The permanent discontinuation IR due to AEs was 5.4.

LLY

Eli Lilly

$111.91

-1.4 (-1.24%)

INCY

Incyte

$66.09

1.66 (2.58%)

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    Oct

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  • 06

    Nov

  • 07

    Nov

LLY Eli Lilly
$111.91

-1.4 (-1.24%)

10/16/18
WELS
10/16/18
NO CHANGE
WELS
Drug price in ads not impactful, may cause confusion, says Wells Fargo
Wells Fargo analyst David Maris acknowledges that the U.S. Department of Health and Human Services' proposal to include drug prices in advertisements has a "noble goal" of making drugs more affordable and keeping patients well informed. However, given how different list prices are relative to out of pocket costs, "one must ask if this is increasing transparency or likely going to lead to more confusion," he contends. The analyst also believes that the unintended consequence could be worse care, while noting that the drug price information will likely fall into the category of the side effect information in drug ads currently, tuned out by many and will have no material impact. While he supports the idea of increased transparency, Maris wonders whether the potential benefit is not outweighed by the potential negative for the most vulnerable. Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY).
10/15/18
FBCO
10/15/18
INITIATION
Target $36
FBCO
Neutral
Elanco initiated with a Neutral at Credit Suisse
Credit Suisse analyst Erin Wright started Elanco (ELAN) with a Neutral rating and $36 price target. As the fourth-largest animal health therapeutics company, Elanco is highly levered to robust industry fundamentals across livestock and companion animal markets, and earnings growth should accelerate on dedicated innovation efforts and dramatically improving cost structure as a more nimble unencumbered entity, unchained to Eli Lilly (LLY), its large pharmaceutical parent, she contends.
10/12/18
CHLM
10/12/18
INITIATION
Target $33
CHLM
Hold
Elanco initiated with a Hold at Craig-Hallum
Craig-Hallum analyst Kevin Ellich initiated Elanco Animal Health (ELAN) with a Hold rating and $33 price target. While Elanco is well positioned to expand gross margin by about 10 percentage points over the next five years which will drive mid-teens operating income growth and Ellich likes the company's focus on pet therapeutics and disease prevention as well as food animal future protein and health, he believes shares are fairly valued trading at ~19x FY20 EV/EBITDA, which is an 8% premium to industry leader Zoetis (ZTS). With shares up 35% from the September 19 IPO price of $24, the analyst tells investors in a research note that he looks to get more positive on pullbacks, improved liquidity as Eli Lilly (LLY) still owns 80% of Elanco stock, and improved visibility on longer-term growth drivers that could lead to upside to his projections.
10/08/18
GUGG
10/08/18
INITIATION
Target $132
GUGG
Buy
Eli Lilly initiated with a Buy at Guggenheim
Guggenheim analyst Seamus Fernandez started Eli Lilly with a Buy rating and $132 price target, calling out the company's "Impressive execution as the industry's leading fast-follower." He sees limited downside from current levels with the potential for revaluation around the Phase 3 study readout for tanezumab.
INCY Incyte
$66.09

1.66 (2.58%)

10/01/18
CANT
10/01/18
INITIATION
Target $73
CANT
Neutral
Incyte initiated with a Neutral at Cantor Fitzgerald
Cantor Fitzgerald analyst Alethia Young started Incyte with a Neutral rating and $73 price target.
09/24/18
LEER
09/24/18
INITIATION
Target $78
LEER
Market Perform
Incyte initiated with a Market Perform at Leerink
Leerink analyst Andrew Berens started Incyte with a Market Perform rating and $78 price target.
09/17/18
GUGG
09/17/18
INITIATION
Target $72
GUGG
Neutral
Incyte initiated with a Neutral at Guggenheim
Target $72.
09/13/18
JANY
09/13/18
INITIATION
Target $17
JANY
Neutral
Janney Montgomery Scott starts Concert Pharmaceuticals at Neutral
As previously reported, Janney Montgomery Scott initiated Concert Pharmaceuticals (CNCE) with a Neutral rating, with analyst Esther Hong setting a $17 fair value estimate on the shares. She believes AVP-786, which is in Phase 3 in Alzheimer's agitation, has blockbuster potential and she is positive on its lead program, CTP-543 for the treatment of Alopecia Areata. However, Hong remains on the sidelines pending the final decision on CTP-543's patent after Incyte filed an Inter Partes Review petition, noting that the PTAB granted a rehearing request, which it rarely does. She sees the IPR ruling as difficult to predict at this stage.

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TBIO

Translate Bio

$11.01

0.405 (3.82%)

21:06
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SWK

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0.73 (0.51%)

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LEN

Lennar

$53.10

-0.23 (-0.43%)

21:02
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Lennar rating change at KeyBanc »

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WHR

Whirlpool

$152.15

3.4 (2.29%)

21:02
09/17/19
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21:02
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21:02
Downgrade
Whirlpool rating change at KeyBanc »

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

20:44
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NEXT

NextDecade

$6.30

-0.1 (-1.56%)

20:41
09/17/19
09/17
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LINX

Linx S.A.

$7.74

0.22 (2.93%)

20:32
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Conference/Events
Morgan Stanley steel analyst to hold an analyst/industry conference call »

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GIS

General Mills

$55.03

0.48 (0.88%)

20:25
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Notable companies reporting before tomorrow's open »

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ROAD

Construction Partners

$14.39

-0.42 (-2.84%)

20:10
09/17/19
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Syndicate
Construction Partners 5M share Secondary priced at $14.25 »

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NVST

Envista

$0.00

(0.00%)

19:58
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Syndicate
Envista 26.77M share IPO priced at $22.00 »

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INVH

Invitation Homes

$28.49

0.31 (1.10%)

19:51
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19:51
Syndicate
Invitation Homes 44M share Spot Secondary priced at $28.25 »

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

, NCMI

National CineMedia

$8.35

0.25 (3.09%)

19:49
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Hot Stocks
AMC Entertainment corrects 'inaccurate' statement by National CineMedia »

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

NCMI

National CineMedia

$8.35

0.25 (3.09%)

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BA

Boeing

$384.61

5.74 (1.52%)

19:01
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House panel invites Boeing CEO to testify on 737 MAX »

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O

Realty Income

$75.76

1.81 (2.45%)

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, CDW

CDW

$113.91

0.94 (0.83%)

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

CDW

CDW

$113.91

0.94 (0.83%)

TELL

Tellurian

$8.33

-0.1 (-1.19%)

NEXT

NextDecade

$6.30

-0.1 (-1.56%)

FDX

FedEx

$173.53

-0.14 (-0.08%)

XPO

XPO Logistics

$73.83

-0.76 (-1.02%)

CHWY

Chewy

$30.20

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ADBE

Adobe

$284.59

1.54 (0.54%)

IOTS

Adesto Technologies

$10.63

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PTCT

PTC Therapeutics

$43.26

0.27 (0.63%)

TBIO

Translate Bio

$11.01

0.405 (3.82%)

ACAD

Acadia

$42.60

-1.45 (-3.29%)

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YUMA

Yuma Energy

$5.08

-0.05 (-0.97%)

18:51
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Yuma Energy enters forbearance agreement with lender YE Investment »

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ADBE

Adobe

$284.59

1.54 (0.54%)

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Adobe CEO: We experienced growth across all of our segments »

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ARAY

Accuray

$3.09

-0.03 (-0.96%)

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FBK

FB Financial

$38.33

-0.36 (-0.93%)

18:29
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FB Financial acquires FNB Financial »

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  • 23

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GM

General Motors

$38.28

1.07 (2.88%)

18:28
09/17/19
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18:28
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18:28
Periodicals
GM stops paying health insurance costs for union workers on strike, Reuters says »

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