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EIDX

Eidos Therapeutics

$35.14

3.23 (10.12%)

, BBIO

BridgeBio

$26.82

-2.96 (-9.94%)

08:32
08/12/19
08/12
08:32
08/12/19
08:32

Eidos Therapeutics confirms receipt of non-binding proposal from BridgeBio

Eidos Therapeutics (EIDX) confirmed that it has received a non-binding proposal dated August 8 from BridgeBio Pharma (BBIO), the parent entity of the company's majority stockholder, to purchase all of the outstanding common stock of the company not already owned by BridgeBio. BridgeBio currently owns, through its wholly-owned subsidiary, BridgeBio Pharma LLC, approximately 66.6% of the outstanding shares of the company's common stock. According to the terms of the Proposal, which is subject to certain conditions, BridgeBio would acquire all of the shares of common stock of the company not already owned by BridgeBio for a fixed exchange ratio of 1.30 shares of BridgeBio common stock for each share of Eidos Therapeutics common stock. In response to the Proposal, the company announced that its board has formed a special committee consisting of the disinterested and independent directors, Rajeev Shah and William Lis, to consider the Proposal. The special committee has retained Centerview Partners LLC as its independent financial advisor and Cravath, Swaine & Moore LLP as its independent legal advisor to assist it in considering the Proposal. The board noted that it has only recently received the Proposal and that no decisions have been made with respect to the company's response to the proposed transaction. The special committee intends to carefully consider the Proposal with the assistance of its outside financial and legal advisors. There can be no assurance that any definitive agreement will be executed, or that the proposed transaction or any other transaction will be approved or consummated. The company does not intend to comment on or disclose further developments regarding the special committee's consideration of the Proposal unless and until it deems further disclosure is appropriate or required. The company's stockholders are advised to take no action at this time.

EIDX

Eidos Therapeutics

$35.14

3.23 (10.12%)

BBIO

BridgeBio

$26.82

-2.96 (-9.94%)

  • 12

    Aug

EIDX Eidos Therapeutics
$35.14

3.23 (10.12%)

04/17/19
BTIG
04/17/19
INITIATION
BTIG
Buy
Eidos Therapeutics initiated with a Buy at BTIG
BTIG analyst Thomas Shrader initiated Eidos Therapeutics with a Buy rating and a $38 price target, saying that most of Eidos' stock growth over the next two years is "likely to result from appreciation of the TTR market size... and AG10's attractive properties."
05/07/19
ROTH
05/07/19
NO CHANGE
Target $51
ROTH
Buy
Eidos Therapeutics raised to $51 from $28 at Roth Capital
Roth Capital analyst Yasmeen Rahimi raised her price target for Eidos Therapeutics (EIDX) to $51 from $28 driven by an increase in AG10's annual price from $150,000 to $225,000 and Probability of Success adjustment from 70% to 80% after Pfizer's (PFE) tafamadis received U.S. approval with a high sticker price of $225,000, two months ahead of schedule. The analyst believes this makes life easier for Eidos Therapeutics to maintain and even expedite enrollment into its Phase 3 ATTRibute-CM trial. Rahimi reiterates a Buy rating on Eidos Therapeutics shares.
07/22/19
PIPR
07/22/19
INITIATION
Target $55
PIPR
Overweight
Eidos Therapeutics initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Tyler Van Buren started Eidos Therapeutics with an Overweight rating and $55 price target. The analyst believes the ATTR cardiomyopathy class of drugs will generate several billion dollars in long-term sales. Eidos' AG10 should be best-in-class and the existing Phase II dataset supports this notion, Van Buren tells investors in a research note.
07/22/19
BMOC
07/22/19
NO CHANGE
Target $50
BMOC
Outperform
Eidos Therapeutics price target raised to $50 from $40 at BMO Capital
BMO Capital analyst George Farmer raised his price target on Eidos Therapeutics to $50 and kept his Outperform rating, saying the potential use of its AG10 was boosted by the "troubling" episodes of ocular-related adverse events around tafamidis treatment, as published in tafamidis NDA review and released by the FDA. The analyst further contends that AG10 is a "best-in-class TTR stabilizer" and offers a high likelihood of clinical success for treatment of TTR-mediated fibrotic diseases affecting the heart and the peripheral nervous system.
BBIO BridgeBio
$26.82

-2.96 (-9.94%)

07/22/19
07/22/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BridgeBio (BBIO) initiated with an Overweight at JPMorgan and Piper Jaffray, an Outperform at SVB Leerink and BMO Capital, and a Buy at Jefferies and Goldman Sachs. 2. Uber (UBER) initiated with a Hold at HSBC. 3. Change Healthcare (CHNG) initiated with an Outperform at William Blair, Credit Suisse, Cowen, and SVB Leerink, an Overweight at JPMorgan, Cantor Fitzgerald, Barclays, and Piper Jaffray, a Buy at SunTrust, Guggenheim, BofA/Merrill, Citi, and Goldman Sachs, and a Market Perform at Wells Fargo. 4. AMD (AMD) initiated with a Neutral at Atlantic Equities. 5. Medallia (MDLA) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/19
RAJA
07/26/19
INITIATION
Target $36
RAJA
Outperform
BridgeBio initiated with an Outperform at Raymond James
Raymond James analyst Dane Leone initiated BridgeBio with an Outperform and $36 price target.
07/26/19
RAJA
07/26/19
INITIATION
Target $36
RAJA
Outperform
Raymond James starts BridgeBio at Outperform with $36 price target
As previously reported, Raymond James analyst Dane Leone initiated BridgeBio with an Outperform rating and $36 price target. His Outperform rating is mostly predicated upon the company's key programs for TTR amyloidosis, cholangiocarcinoma and urothelial carcinoma and achondroplasia, Leone stated, adding that the company is unique in the way its project management team incentive compensation is aligned with the outcomes of the specific drugs they are working on.
07/26/19
07/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dentsply Sirona (XRAY) initiated with an In Line at Evercore ISI. 2. BridgeBio (BBIO) initiated with an Outperform at Raymond James. 3. Crispr Therapeutics (CRSP) initiated with a Buy at Canaccord. 4. GeoPark (GPRK) initiated with a Buy at GMP Securities. 5. Neon Therapeutics (NTGN), Gritstone Oncology (GRTS), and Cue Biopharma (CUE) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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