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VRTX

Vertex

$179.85

1.08 (0.60%)

08:09
09/03/19
09/03
08:09
09/03/19
08:09

Vertex to acquire Semma Therapeutics for $950M

Vertex Pharmaceuticals announced that the company has entered into a definitive agreement under which Vertex will acquire Semma Therapeutics, a privately held biotechnology company pioneering the use of stem cell-derived human islets as a potentially curative treatment for type 1 diabetes, for $950M in cash. Semma has demonstrated a differentiated approach to treat type 1 diabetes, a serious disease affecting over one million people in the United States alone. Semma has made two major scientific advances: the ability to produce large quantities of functional human pancreatic beta cells that restore insulin secretion and ameliorate hypoglycemia in animal models and a novel device that encapsulates and protects these cells from the immune system, enabling durable implantation without the need for ongoing immunosuppressive therapy.

  • 09

    Sep

  • 19

    Mar

VRTX Vertex
$179.85

1.08 (0.60%)

08/28/19
ARGS
08/28/19
NO CHANGE
Target $200
ARGS
Buy
Vertex offers attractive entry point, says Argus
Argus analyst Jasper Hellweg keeps his Buy rating and $200 price target on Vertex but notes that its recent stock price retreat has taken valuation below historical averages and offers a "favorable entry point". The analyst is positive on the company's current product line-up and deep pipeline focused on cystic fibrosis drugs, with an eye on the March 2020 FDA action date for its next-generation triple-combination CF therapy regimen.
08/28/19
PIPR
08/28/19
NO CHANGE
PIPR
Symdeko deaths in FDA database likely due to disease, says Piper Jaffray
08/28/19
PIPR
08/28/19
NO CHANGE
Target $230
PIPR
Overweight
Vertex drug not cited as cause of 30 deaths in FDA database, says Piper Jaffray
The FDA Adverse Events Reporting System Public Dashboard citing 30 deaths with Symdeko caused volatility today in shares of Vertex Pharmaceuticals, Piper Jaffray analyst Edward Tenthoff tells investors in a research note. After accessing the website, the analyst says none of the 30 deaths specifically indicate Symdeko, "but rather appear to be due to underlying cystic fibrosis disease." As such, the FAERS report does not signify a unique problem with Symdeko or Vertex's TripleRx combination, which is under review at the FDA, contends Tenthoff. The "timing of this short rumor to be suspicious during a quiet, end of summer week," he adds. The analyst continues to forecast Vertex's total cystic fibrosis sales at $3.7B this year, growing to $5B in 2020 with the TripleRx launch. He reiterates an Overweight rating on the stock with a $230 price target. Vertex in late morning trading is up 1%, or $1.84, to $180.09.
09/03/19
GSCO
09/03/19
UPGRADE
Target $254
GSCO
Conviction Buy
Vertex upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Salveen Richter added Vertex Pharmaceuticals to his firm's Americas Conviction List while raising his price target for the shares to $254 from $226 and keeping a Buy rating on the name. Vertex is in the midst of a multi-year period of "rapid" margin expansion and earnings outperformance driven by growth of the legacy cystic fibrosis franchise and likely launch of VX-445 triple combination, which has a March 19 FDA action date, Richter tells investors in a research note. Further, the analyst believes investor attention should now shift to the company's emerging pipeline, where he sees a "significant opportunity" in the Phase 2-ready alpha-1 antitrypsin deficiency disorder program.

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UPS

UPS

$120.71

1.61 (1.35%)

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DIS

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, T

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BA

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  • 02

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MCF

Contango Oil & Gas

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GLD

SPDR Gold Shares

$142.97

1.68 (1.19%)

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VXRT

Vaxart

$0.58

-0.0307 (-5.03%)

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AAPL

Apple

$217.69

-3.22 (-1.46%)

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Apple given tariff exclusion on certain Mac Pro parts, Bloomberg says »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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II-VI to enter S&P 400; Callon Petroleum, PriceSmart to enter S&P SmallCap600 »

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IIVI

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$39.05

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CPE

Callon Petroleum

$4.53

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

17:26
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Hot Stocks
NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

SPB

Spectrum Brands

$49.66

-1.395 (-2.73%)

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  • 16

    Oct

NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

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Northrop Grumman subsidiary awarded $1.12B Missile Defense Agency contract »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

17:23
09/20/19
09/20
17:23
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17:23
Hot Stocks
Breaking Hot Stocks news story on PriceSmart, Finisar »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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  • 30

    Oct

IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:22
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Breaking Hot Stocks news story on II-VI, Callon Petroleum »

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$39.05

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$4.53

-0.015 (-0.33%)

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  • 23

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
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Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

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Norsk Hydro discloses federal court in Brazil lifts embargo on Alunortes »

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
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Conference/Events
Resonant participates in a conference call with Loop Capital »

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  • 01

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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
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Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
09/20/19
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16:50
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16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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  • 02

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AAPL

Apple

$217.69

-3.22 (-1.46%)

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IDA

IDACORP

$111.26

0.93 (0.84%)

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  • 10

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MO

Altria Group

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

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  • 13

    Nov

16:30
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Options
Preliminary option volume of 23.5M today »

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PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
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  • 25

    Oct

POST

Post Holdings

$105.73

0.335 (0.32%)

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Post files IPO for active nutrition unit BellRing Brands »

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