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UTHR

United Therapeutics

$100.70

-6.33 (-5.91%)

, NVS

Novartis

$77.33

-1.95 (-2.46%)

05:11
04/18/19
04/18
05:11
04/18/19
05:11

United Therapeutics issues statement in response to lawsuit filed by Sandoz

United Therapeutics (UTHR) was named as a defendant, along with Smiths Medical ASD, Inc., in a lawsuit filed in federal court by Sandoz (NVS) and RareGen on April 16. The lawsuit alleges that United Therapeutics engaged in anticompetitive conduct in connection with plaintiffs' efforts to launch their generic version of Remodulin Injection. United Therapeutics issued the following statement in response to the lawsuit: "We are disappointed by these meritless claims against us and expect to ultimately prevail. United Therapeutics was founded with the goal of serving patients with pulmonary arterial hypertension, or PAH, and that remains our focus today. In 2015, Smiths Medical publicly announced that it was discontinuing the CADD-MS3 system, which is used by many patients to deliver Remodulin, a continuously infused form of treprostinil manufactured by United Therapeutics. In response, we made a significant investment under an agreement with Smiths Medical that ensured the CADD-MS3 system would continue to be available to deliver Remodulin for a period of time. Absent United Therapeutics taking this action, thousands of very sick PAH patients may not have been able to access necessary therapy. Meanwhile, we doubled-down on our efforts to innovate and develop new and improved systems to deliver this therapy. This lawsuit stems from Sandoz's and RareGen's failure to take similar steps to ensure availability of a system to deliver their product, despite having eight years from filing Sandoz's Abbreviated New Drug Application to do so. Sandoz and RareGen now seek to make us responsible for their failure to properly plan to serve their prospective patients. We expect the litigation to vindicate our efforts to protect our PAH patients."

UTHR

United Therapeutics

$100.70

-6.33 (-5.91%)

NVS

Novartis

$77.33

-1.95 (-2.46%)

  • 24

    Apr

  • 08

    May

UTHR United Therapeutics
$100.70

-6.33 (-5.91%)

08/08/18
FBCO
08/08/18
DOWNGRADE
FBCO
Underperform
United Therapeutics downgraded to Underperform from Neutral at Credit Suisse
09/05/18
HCWC
09/05/18
NO CHANGE
Target $4
HCWC
Buy
MannKind valuation 'floor' raised with United deal, says H.C. Wainwright
H.C. Wainwright analyst Oren Livnat says United Therapeutics (UTHR) is the "ideal partner" for MannKind (MNKD) to develop and commercialize technosphere treprostinil dry powder inhalation for pulmonary arterial hypertension. The deal announced yesterday represents additional validation of MannKind's "underappreciated" DPI and delivery platforms beyond Afrezza, Livnat tells investors in a research note. Importantly, the deal brings in non-dilutive financing, "raises the floor" on MannKind's valuation, and "offers a new path to potential long-term upside from here even if Afrezza never reaches the potential we think it deserves," Livnat writes. The analyst reiterates a Buy rating on MannKind shares with a $4 price target. The stock closed yesterday up 89%, or 98c, to $2.08.
10/12/18
STPT
10/12/18
UPGRADE
STPT
Buy
United Therapeutics upgraded to Buy from Hold at Standpoint Research
04/09/19
OPCO
04/09/19
NO CHANGE
Target $155
OPCO
Outperform
United Therapeutics price target lowered to $155 from $160 at Oppenheimer
Oppenheimer analyst Hartaj Singh lowered his price target for United Therapeutics to $155 from $160 after the company reported negative results from its Phase 3 BEAT study of oral esuberaprost in combination with Tyvaso. The analyst notes that the study did not meet its primary endpoint of delayed time to first clinical worsening event, leading to United Therapeutics' discontinuation of esuberaprost development. Despite the disappointing results, Singh continue to see United Therapeutics in a trough year for sales/earnings with an emerging pipeline highlighted from his 2019 OPCO Healthcare Conference Update. He reiterates an Outperform rating on the shares.
NVS Novartis
$77.33

-1.95 (-2.46%)

04/10/19
MZHO
04/10/19
NO CHANGE
Target $41
MZHO
Buy
Alcon spinoff shows Bausch Health is undervalued, says Mizuho
Mizuho analyst Irina Koffler reiterates a Buy rating on Bausch Health Companies (BHC) with a $41 price target following Novartis' (NVS) spinoff of Alcon (ALC). Bausch's smaller B+L segment should trade at a "slight discount" to market leader Alcon, but calculate that the market is currently assigning only a 13 times 2019 enterprise value to EBITA multiple to the B+L business, Koffler tells investors in a research note. This highlights that Bausch Health is undervalued, contends the analyst.
04/10/19
MSCO
04/10/19
INITIATION
Target $65
MSCO
Overweight
Alcon initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst David Lewis initiated Alcon (ALC) with an Overweight rating and $65 price target, stating that he expects its pipeline, sales and capex reinvestment to drive an inflection in revenue growth and margin expansion post the spinoff from Novartis (NVS). Near-term improvement at Alcon hinges on the two key PanOptix and PRECISION1 franchises, Lewis noted.
04/10/19
04/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Reduce from Hold at HSBC with analyst Erwan Rambourg saying the returns from Apple's recent announcements, including the Apple News+ premium news subscription, the Apple Card in partnership with Goldman Sachs (GS), Apple Arcade games as part of the App store and video subscription Apple TV+, could "take some time to extract." 2. AmerisourceBergen (ABC) downgraded to In Line from Outperform at Evercore ISI with analyst Michael Cherry citing group profit questions, lack of clarity with PharMEDium, and a reduction in multiple for peers Cardinal Health (CAH) and McKesson (MCK). 3. Novartis (NVS) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Mark Purcell saying the spinoff of Alcon will put more attention on the generics risk Novartis faces in its pharma business. 4. TerraForm Power (TERP) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Lee saying that while the company is in the midst of an operational transition that may improve cash flow and dividend flexibility, the upside appears to be priced in. 5. Foot Locker (FL) assumed with a Neutral from Buy at Citi with analyst Paul Lejuez saying while Foot Locker has "tailwinds at its back" in North America with comps inflecting positively in Q4, the company still faces many of the same headwinds as other specialty retailers given its "significant" mall exposure and EBIT pressure from direct-to-consumer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
JEFF
04/17/19
NO CHANGE
Target $343
JEFF
Hold
Regeneron price target lowered to $343 from $376 at Jefferies
Jefferies analyst Biren Amin lowered his price target for Regeneron Pharmaceuticals (REGN) to $343 from $376 after doctors in his firm's survey viewed Novartis' (NVS) brolucizumab favorably. Retina specialists are particularly eager to prescribe brolucizumab, Amin tells investors in a research note. "Conservatively" incorporating the doctor estimates for brolucizumab uptake cuts revenue for Regeneron's Eylea in wet age-related macular degeneration by 13% over next two years, says the analyst. His revised Eylea estimates are now 4%-7% below consensus for fiscal 2020 through 2023. Amin thinks the Street underestimates the impact of the brolucizumab entry, which he thinks could "replicate events seen when Eylea launched and encroached on Lucentis share." The analyst keeps a Hold rating on Regeneron.

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Verastem

$1.31

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  • 07

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RHHBY

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XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

, BMRN

BioMarin

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$13.92

0.03 (0.22%)

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BioMarin

$79.90

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  • 07

    Dec

CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

, AKS

AK Steel

$3.24

0.065 (2.05%)

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AK Steel

$3.24

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M

Macy's

$15.15

0.04 (0.26%)

08:53
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COF

Capital One

$101.39

1.8 (1.81%)

08:43
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  • 26

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EXPE

Expedia

$107.58

1.9 (1.80%)

08:26
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  • 09

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DAR

Darling Ingredients

$24.05

0.39 (1.65%)

, CODI

Compass Diversified

$23.88

0.45 (1.92%)

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AbbVie

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  • 07

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JNJ

Johnson & Johnson

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PG&E

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  • 07

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Amazon.com

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