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PHAS

PhaseBio

$7.75

0.52 (7.19%)

16:10
08/13/19
08/13
16:10
08/13/19
16:10

PhaseBio reports Q2 EPS (33c), consensus (32c)

Reports Q2 revenue $703,000, two estimates $160,000. Cash and cash equivalents at June 30 were $90.3M compared to $61M at December 31, 2018. The increase primarily reflects proceeds from the underwritten public offering of common stock completed in April, partially offset by cash used in operating activities. "The second quarter of 2019 marked an important period in the evolution of PhaseBio, punctuated by the successful accomplishment of several critical milestones," said Jonathan Mow, CEO of PhaseBio. "We reported positive preliminary results from our Phase 2a trial of PB2452 for the reversal of the antiplatelet activity of ticagrelor in older and elderly subjects also taking aspirin, which resembles the patient population most likely to be treated with ticagrelor and potentially benefit from PB2452, if approved. We also received Breakthrough Therapy designation for PB2452 and completed an upsized and oversubscribed underwritten public offering of our common stock, which generated net proceeds of $46.3 million. Our achievement in the second quarter of key regulatory and development milestones, coupled with an infusion of capital has positioned us well to continue advancing our lead program, PB2452, while building the infrastructure necessary to execute a successful commercial launch, if approved, and ensure broad availability of this potentially life-saving therapy."

PHAS PhaseBio
$7.75

0.52 (7.19%)

11/12/18
COWN
11/12/18
INITIATION
COWN
Outperform
PhaseBio initiated with an Outperform at Cowen
Cowen analyst Phil Nadeau initiated PhaseBio with an Outperform rating, noting its lead candidate is a reversal agent for the anti-platelet drug ticagrelor. He projects the drug to achieve $785M in worldwide sales by 2028. Nadeau has not established a price target on PhaseBio shares.
11/12/18
11/12/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Denali Therapeutics (DNLI) initiated with a Buy at Janney Montgomery Scott. 2. PhaseBio (PHAS) initiated with a Buy at Stifel and Citi as well as an Outperform at Cowen. 3. Osmotica Pharmaceuticals (OSMT) initiated with a Buy at Jefferies as well as an Outperform at Wells Fargo and RBC Capital. 4. SI-Bone (SIBN) initiated with an Outperform at JMP Securities, an Overweight at Morgan Stanley, as well as a Buy at Canaccord and BofA/Merrill. 5. Studio City (MSC) initiated with an Underweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/18
NEED
11/13/18
INITIATION
Target $18
NEED
Buy
PhaseBio initiated with a Buy at Needham
Needham analyst Chad Messer initiated PhaseBio (PHAS) with a Buy rating and a price target of $18, saying it poses an "attractive investment with a near term commercial opportunity from PB2452" - the closes to market threat to AstraZeneca's (AZN) Brilinta to treat orphan cardiopulmonary diseases. The analyst notes that the company is also evaluating PB1046, which is a "weekly injectable form of vasoactive intestinal peptide with a vastly increased half life over the natural form", for potential treatment of rare pulmonary arterial hypertension.
11/13/18
11/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Aerie Pharmaceuticals (AERI) initiated with an Outperform at Oppenheimer. 2. SolarWinds (SWI) initiated with a Buy at Nomura Instinet, SunTrust, Citi, and Goldman Sachs, an Outperform at RBC Capital, Baird, Credit Suisse, JMP Securities, and Evercore ISI, an Overweight at JPMorgan, an Equal Weight at Morgan Stanley and Barclays, as well as a Sector Weight at KeyBanc. 3. PhaseBio (PHAS) initiated with a Buy at Needham. 4. LogicBio Therapeutics (LOGC) initiated with an Overweight at Barclays, a Buy at Chardan, and an Outperform at William Blair. 5. Cree (CREE) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

MTOR

Meritor

$17.82

0.105 (0.59%)

15:11
08/21/19
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15:11
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15:11
Conference/Events
Meritor management to meet with Buckingham »

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LB

L Brands

$20.18

0.285 (1.43%)

15:04
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15:04
Options
L Brands options imply 17.5% move in share price post-earnings »

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HRL

Hormel Foods

$40.93

0.04 (0.10%)

, BJ

BJ's Wholesale

$22.41

0.785 (3.63%)

14:57
08/21/19
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14:57
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14:57
Earnings
Notable companies reporting before tomorrow's open »

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HRL

Hormel Foods

$40.93

0.04 (0.10%)

BJ

BJ's Wholesale

$22.41

0.785 (3.63%)

DKS

Dick's Sporting

$32.73

0.375 (1.16%)

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SNPS

Synopsys

$131.58

1.55 (1.19%)

, SPLK

Splunk

$128.44

1.8 (1.42%)

14:56
08/21/19
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14:56
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Notable companies reporting after market close »

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SNPS

Synopsys

$131.58

1.55 (1.19%)

SPLK

Splunk

$128.44

1.8 (1.42%)

KEYS

Keysight Technologies

$88.52

1.23 (1.41%)

ZAYO

Zayo Group

$33.79

-0.01 (-0.03%)

JWN

Nordstrom

$26.29

1.16 (4.62%)

PSTG

Pure Storage

$13.81

0.14 (1.02%)

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AKTS

Akoustis

$6.70

0.21 (3.24%)

14:54
08/21/19
08/21
14:54
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14:54
Conference/Events
Akoustis Technologies to hold a business news update conference call »

Business News Update…

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  • 26

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BREW

Craft Brew

$12.69

-0.07 (-0.55%)

, BUD

AB InBev

$95.87

0.87 (0.92%)

14:52
08/21/19
08/21
14:52
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14:52
On The Fly
Before the Move: Watch Craft Brew ahead of AB InBev offer deadline »

According to their 2016…

BREW

Craft Brew

$12.69

-0.07 (-0.55%)

BUD

AB InBev

$95.87

0.87 (0.92%)

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  • 01

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JWN

Nordstrom

$26.29

1.16 (4.62%)

14:49
08/21/19
08/21
14:49
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14:49
Options
Nordstrom options imply 18.9% move in share price post-earnings »

Pre-earnings options…

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  • 21

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SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

, SPX

S&P 500

$0.00

(0.00%)

14:46
08/21/19
08/21
14:46
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14:46
General News
Fed minutes show July rate cut to help keep growth, insure against low inflation »

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SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

SPX

S&P 500

$0.00

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SMH

Market Vectors Semiconductor

$114.59

1.16 (1.02%)

IWM

iShares Trust Russell 2000 Index Fund

$150.37

1.255 (0.84%)

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AXL

American Axle

$6.75

0.1 (1.50%)

14:45
08/21/19
08/21
14:45
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14:45
Options
American Axle call volume above normal and directionally bullish »

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GILD

Gilead

$63.93

0.47 (0.74%)

14:41
08/21/19
08/21
14:41
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14:41
Hot Stocks
Gilead says submitted petitions to USPTO requesting review of HHS patents »

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  • 09

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Treasury Action: there was scant movement in the markets »

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AEP

American Electric

$91.13

0.38 (0.42%)

14:36
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14:36
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14:36
Hot Stocks
American Electric seeks proposals for several coal types »

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  • 11

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APU

AmeriGas

$31.21

-0.82 (-2.56%)

, UGI

UGI Corporation

$48.95

0.45 (0.93%)

14:32
08/21/19
08/21
14:32
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14:32
Hot Stocks
AmeriGas unitholders approve merger with UGI Corporation »

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APU

AmeriGas

$31.21

-0.82 (-2.56%)

UGI

UGI Corporation

$48.95

0.45 (0.93%)

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GOOG

Alphabet

$1,192.55

9.12 (0.77%)

, GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

14:31
08/21/19
08/21
14:31
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14:31
Periodicals
Google DeepMind's Suleyman placed on leave, Bloomberg reports »

Mustafa Suleyman,…

GOOG

Alphabet

$1,192.55

9.12 (0.77%)

GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

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OIH

Oil Services Holders Trust

$11.64

0.04 (0.34%)

14:30
08/21/19
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14:30
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14:30
Options
Delta neutral put sale in Oil Services ETF appears to take gains »

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JMIA

Jumia Technologies

$12.54

-2.15 (-14.64%)

14:18
08/21/19
08/21
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14:18
On The Fly
Citron target Jumia plunges as improper orders on platform put under review »

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  • 21

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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14:15
08/21/19
08/21
14:15
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14:15
General news
FOMC minutes didn't provide strong clues on the direction of rates »

FOMC minutes didn't…

14:15
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14:15
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14:15
General news
FX Action: The dollar »

FX Action: The dollar…

WYND

Wyndham Destinations

$42.79

0.21 (0.49%)

14:11
08/21/19
08/21
14:11
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14:11
Hot Stocks
Wyndham Destinations to add 140 jobs in Orlando expansion »

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  • 29

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SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

, SPX

S&P 500

$0.00

(0.00%)

14:04
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08/21
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General news
Fed minutes show 'couple of participants' would have preferred 50 bps rate cut »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

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2.44 (0.84%)

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S&P 500

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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

, POAHY

Porsche

$0.00

(0.00%)

14:03
08/21/19
08/21
14:03
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14:03
Hot Stocks
Porsche acquires minority stake in Israeli startup TriEye »

Volkswagen's (VLKAY)…

VLKAY

Symbol is now VWAGY

$0.00

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POAHY

Porsche

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

, SPX

S&P 500

$0.00

(0.00%)

14:02
08/21/19
08/21
14:02
08/21/19
14:02
General news
Fed minutes show July rate cut viewed by 'most' on FOMC as 'recalibration' »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

SPX

S&P 500

$0.00

(0.00%)

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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
08/21/19
08/21
14:01
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14:01
Hot Stocks
Pfizer says FDA grants XTANDI application priority review »

Astellas Pharma and…

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  • 28

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