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RHHBY

Roche

$0.00

(0.00%)

, ONCE

Spark Therapeutics

$109.52

-0.23 (-0.21%)

05:20
05/14/19
05/14
05:20
05/14/19
05:20

Roche, Spark Therapeutics intend to refile premerger notification around May 23

Roche (RHHBY) and Spark Therapeutics (ONCE) announced that Roche and Spark intend to refile on or about May 23 their respective Premerger Notification and Report Forms under the Hart-Scott-Rodino Act in connection with Roche's pending acquisition of Spark pursuant to its previously announced tender offer to purchase all of the outstanding shares of common stock of Spark for $114.50 per Share, net to the seller thereof in cash, without interest and subject to any withholding taxes required by applicable law and upon the terms and subject to the conditions set forth in the Offer to Purchase dated March 7. The parties had previously announced that they expected to refile on or about May 9. However, the parties have elected to instead refile on or about May 23 in order to provide the government with additional time to complete its current review. The regulatory review of the transaction is ongoing, and the parties are actively working with the government to facilitate that process. Following the refiling by Roche, the waiting period applicable to the pending acquisition will expire at 11:59 p.m., New York City time, on or about June 7, but this period may be shortened if the government grants "early termination" of the waiting period, or it may change if Roche voluntarily withdraws and Roche refiles its Premerger Notification and Report Forms in order to restart the 15-day waiting period or if the reviewing agency issues a formal request for additional information and documentary material. Closing of the Offer is conditioned upon, among other customary closing conditions, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. As a result of the withdrawal and refiling of the Premerger Notification and Report Forms, the conditions to the Offer are not expected to be satisfied at the currently scheduled expiration of the tender offer. Therefore, Roche is extending the offering period of the Offer, which was previously scheduled to expire at 5:00 p.m., New York City time, on Monday, June 3, until 5:00 p.m., New York City time, on Friday, June 14, unless it is extended further under the circumstances set forth in the Agreement and Plan of Merger, dated February 22, by and among Roche Holdings, 022019 Merger Subsidiary, and Spark. All terms and conditions of the Offer shall remain unchanged during the extended period.

RHHBY

Roche

$0.00

(0.00%)

ONCE

Spark Therapeutics

$109.52

-0.23 (-0.21%)

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RHHBY Roche
$0.00

(0.00%)

04/17/19
WELS
04/17/19
NO CHANGE
WELS
Wells says Ionis weakness on Roche Huntington's update a buying opportunity
04/17/19
WELS
04/17/19
NO CHANGE
WELS
Outperform
Ionis pullback on Roche update a buying opportunity, says Wells Fargo
Wells Fargo analyst Jim Birchenough reiterated his Outperform rating on Ionis Pharmaceuticals (IONS) following an update today from partner Roche (RHHBY) on its HTT-ASO program for Huntington's disease, stating that he believes the update continues to support potential for accelerated approval filing pending efficacy data that should be updated by year end. When asked during its earnings call about the specific filing strategy of using phase 1 OLE data in comparison to the natural history data, Roche made no comment beyond reiterating that the company will get data, share data with regulators, and work on the fastest way to bring the therapy to patients, said Birchenough. The analyst, who recommends buying Ionis on weakness, added that Roche noted that the company has had initial promising discussion with regulators.
04/22/19
BMOC
04/22/19
NO CHANGE
Target $96
BMOC
Outperform
Ionis Pharmaceuticals price target raised to $96 from $82 at BMO Capital
BMO Capital analyst Do Kim raised his price target on Ionis Pharmaceuticals (IONS) to $96 and kept his outperform rating after including the risk-adjusted royalties for HTT-Rx in his model as part of the update on its partnership with Roche (RHHBY) disclosed last month. The analyst notes that the stock price has started to reflect the company's Huntington's disease opportunity based on the "potential for an accelerated path with Phase 2 data" and believes that his HTT-Rx projections could prove to be "conservative".
05/09/19
LEHM
05/09/19
NO CHANGE
Target $245
LEHM
Equal Weight
Barclays cuts Biogen target to $245 on reduced Spinraza estimates
Barclays analyst Geoff Meacham lowered his price target for Biogen (BIIB) to $245 from $250 citing growing uncertainty in spinal muscular atrophy. Concerns over Spinraza in spinal muscular atrophy have intensified with the impending launch of Novartis' (NVS) gene therapy Zolgensma and Roche (RHHBY)/PTC's (PTCT) oral risdiplam, Meacham tells investors in a research note. The analyst says his feedback from key opinion leaders was "direct and unequivocal," with the leaders predicting "robust uptake" of both Zolgensma and risdiplam given signs of improved efficacy. This was at the expense of Spinraza driven by the clinical burden of intrathecal injections, says Meacham. On the basis of this feedback, he lowered his longer-term Spinraza outlook by ~$150M per year. The analyst now forecasts sales of $2.0B in 2019, declining to $1.7B in 2023. He keeps an Equal Weight rating on Biogen.
ONCE Spark Therapeutics
$109.52

-0.23 (-0.21%)

02/27/19
STFL
02/27/19
DOWNGRADE
Target $114.5
STFL
Hold
Spark Therapeutics downgraded to Hold from Buy at Stifel
Stifel analyst Stephen Willey downgraded Spark Therapeutics (ONCE) to Hold from Buy and raised his price target on the stock to $114.50 from $65 to reflect the company's agreement to be acquired by Roche (RHHBY). Willey, who thinks the all-cash offer represents a highly attractive outcome for Spark shareholders and that the company represents a solid strategic fit for Roche, does not expect to see a better competitive offer emerge and expects a timely closing.
03/07/19
WBLR
03/07/19
DOWNGRADE
WBLR
Market Perform
Spark Therapeutics downgraded to Market Perform from Outperform at William Blair
03/07/19
WBLR
03/07/19
DOWNGRADE
WBLR
Market Perform
William Blair downgrades Spark after filing points to competitive bid process
William Blair analyst Raju Prasad downgraded Spark Therapeutics (ONCE) to Market Perform from Outperform following the filing of its Schedule 14D-9 form that included a summary on the background of the merger agreement with Roche (RHHBY). The filing describes a competitive process that resulted in the final price and furthers the likelihood of the deal closing, Prasad tells investors.
03/25/19
LEHM
03/25/19
DOWNGRADE
Target $115
LEHM
Equal Weight
Spark Therapeutics downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Gena Wang downgraded Spark Therapeutics to Equal Weight from Overweight while raising her price target for the shares to $115 from $74. The analyst cites the pending takeover by Roche (RHHBY) for the downgrade.

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INCY

Incyte

$81.34

0.84 (1.04%)

, NVS

Novartis

$88.05

3.59 (4.25%)

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13:52
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13:52
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INCY

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NVS

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AMRN

Amarin

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Amarin attracts call buyers in contracts that expire in one week »

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Digimarc

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INCY

Incyte

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0.72 (0.89%)

13:39
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MOMO

Momo

$25.94

-0.72 (-2.70%)

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ALPN

Alpine Immune Sciences

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Adaptimmune

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Recommendations
Alpine Immune Sciences, Adaptimmune, Gilead analyst commentary at Piper Jaffray »

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ALPN

Alpine Immune Sciences

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-0.34 (-6.06%)

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Gilead

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-0.24 (-0.36%)

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Gilead

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NVS

Novartis

$88.00

3.54 (4.19%)

, BIIB

Biogen

$228.00

-1.05 (-0.46%)

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Biogen

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-1.05 (-0.46%)

IONS

Ionis Pharmaceuticals

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GOLD

Barrick Gold

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, ABGLF

Acacia Mining

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Barrick CEO tells Reuters Acacia bid reflects Tanzania risk »

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Barrick Gold

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Acacia Mining

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NASDAQ Market Internals

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NASDAQ market internals summary »

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NYSE Market Internals

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CTSH

Cognizant

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Cognizant CEO buys 19K shares of company stock »

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Netflix

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Alphabet

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Alphabet

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13:07
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General news
Baker-Hughes Rig Count N. Amer. data reported »

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UAL

United Continental

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Boeing

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United extending Boeing 737 Max cancellations through August 3, CNBC reports »

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Best Buy

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Samsung

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Best Buy cancels preorders for Samsung's foldable phone, CNN reports »

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BHGE

Baker Hughes

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Visa

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EHC

Encompass Health

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IONS

Ionis Pharmaceuticals

$67.35

0.215 (0.32%)

, BIIB

Biogen

$229.80

0.75 (0.33%)

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Ionis, Biogen slip after FDA approves Novartis' Zolgensma for SMA treatment »

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IONS

Ionis Pharmaceuticals

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BIIB

Biogen

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NVS

Novartis

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XRT

S&P Retail Index SPDR

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RGNX

Regenxbio

$43.60

1.11 (2.61%)

, NVS

Novartis

$87.13

2.67 (3.16%)

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Hot Stocks
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Regenxbio

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NVS

Novartis

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2.67 (3.16%)

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NVS

Novartis

$87.04

2.58 (3.05%)

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TIVO

TiVo

$6.87

0.04 (0.59%)

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TiVo call volume above normal and directionally bullish »

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General news
Breaking General news story  »

Week of 5/24 Baker-Hughes…

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