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CNVVY

ConvaTec

$0.00

(0.00%)

08:27
07/17/19
07/17
08:27
07/17/19
08:27

ConvaTec, Beta Bionics partner to bring Unomedical's infusion set to iLet system

Beta Bionics and ConvaTec Group announced that ConvaTec's Unomedical subsidiary and Beta Bionics have entered into a collaboration and development agreement that will make portions of Unomedical's infusion sets available for use with the iLet Bionic Pancreas System. The arrangement between Beta Bionics and ConvaTec creates a deep and meaningful partnership between the two companies for the benefit of the diabetes community. The arrangement is non-exclusive, consistent with other Beta Bionics partnerships designed to protect patient choice. The Unomedical sets will be deployed in two pivotal trials testing the iLet in its insulin-only and bihormonal configurations in 2020. ConvaTec's Unomedical subsidiary develops, produces, and supplies a range of disposable infusion sets used in insulin infusion therapy, including their flexible-cannula sets currently used with insulin pumps.

CNVVY ConvaTec
$0.00

(0.00%)

10/03/18
JEFF
10/03/18
INITIATION
JEFF
Buy
ConvaTec initiated with a Buy at Jefferies
Jefferies analyst Kit Lee started ConvaTec with a Buy rating and 280p price target. The analyst expects the company's organic growth to recover to mid-single-digit level in the near term, and for the shares to re-rate as it delivers on its strategic plan.
10/16/18
GSCO
10/16/18
DOWNGRADE
GSCO
Neutral
ConvaTec downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Veronika Dubajova downgraded ConvaTec to Neutral and lowered her price target for the shares to GBP 1.65 from GBP 2.55. The company's path to improving growth and margins "appears challenged" following yesterday's reduced fiscal 2018 outlook, Dubajova tells investors in a research note.
10/16/18
JPMS
10/16/18
DOWNGRADE
JPMS
Neutral
ConvaTec downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst David Adlington downgraded ConvaTec to Neutral and lowered his price target for the shares to GBP 1.83 from GBP 2.80 after the company reported Q3 results and reduced its outlook.
10/26/18
UBSW
10/26/18
DOWNGRADE
UBSW
Neutral
ConvaTec downgraded to Neutral from Buy at UBS
UBS analyst Ian Douglas-Pennant downgraded ConvaTec Group to Neutral saying he sees further earnings risk.

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