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MDCO

The Medicines Co.

$69.90

11.24 (19.16%)

, NVS

Novartis

$90.20

-0.08 (-0.09%)

11:06
11/19/19
11/19
11:06
11/19/19
11:06

JPMorgan says Medicines Co. could be bought quickly if multiple suitors involved

JPMorgan analyst Jessica Fye noted that Bloomberg is reporting that Novartis (NVS) and other potential acquirers have expressed interest in buying The Medicines Company (MDCO), adding that her talks with investors indicate that Novartis is viewed as the most likely buyer. She further notes that Medicines Co. shares were trading above her standalone valuation at yesterday's close, which she attributes to some anticipation of a deal, and that today's move puts the stock in a price range greater than 40% above her standalone target. Outside of Novartis, Fye also believes an acquirer could be a less expected company, but if only one company is interested they could try to "wait it out" to the point where investors might begin to worry that Medicines could have to take on the substantial inclisiran launch investment independently. However, if multiple players are interested, as Bloomberg suggests, she thinks "competitive tension" could lead to a near-term acquisition.

MDCO

The Medicines Co.

$69.90

11.24 (19.16%)

NVS

Novartis

$90.20

-0.08 (-0.09%)

  • 07

    Dec

MDCO The Medicines Co.
$69.90

11.24 (19.16%)

10/10/19
JEFF
10/10/19
DOWNGRADE
Target $50
JEFF
Hold
The Medicines Co. downgraded to Hold from Buy at Jefferies
Jefferies analyst Biren Amin downgraded The Medicines Co. to Hold from Buy with a price target of $50, up from $44.
10/10/19
JEFF
10/10/19
DOWNGRADE
Target $50
JEFF
Hold
Jefferies downgrades The Medicines Co. on 'aggressive' inclisiran estimates
Jefferies analyst Biren Amin downgraded The Medicines Co. to Hold from Buy with a price target of $50, up from $44. After We conducting a doctor survey, the analyst thinks inclisiran consensus estimates are "too aggressive" and that The Medicines Co shares appear fully valued. While inclisiran leads in market share for PCSK9i, it is essentially split between inclisiran and Repath, Amin tell investors in a research note after polling 50 cardiologists. Based on the feedback, he lowered his 2026 inclisiran sales estimate to $1.4B from $1.7B, below the current consensus at $2.6B.
10/31/19
JEFF
10/31/19
NO CHANGE
Target $50
JEFF
Medicines Co. 'going concern' language introduces added risk, says Jefferies
Jefferies analyst Biren Amin said new disclosures in The Medicines Company's 10-Q regarding 2022 convertible notes introduces an additional risk as the company's balance sheet is not strong and if holders convert by December the company could require additional near-term funding. The 10-Q stated that if the notes are called and the company can't raise sufficient funds that "there is substantial doubt about the company's ability to continue as a going concern," Amin pointed out. He keeps a Hold rating on Medicines Co. shares.
11/19/19
BARD
11/19/19
NO CHANGE
Target $100
BARD
Outperform
The Medicines Co. inclisiran can disrupt cholesterol therapy, says Baird
Baird analyst Madhu Kumar said he has utter conviction that The Medicine's Co. inclisiran can disrupt cholesterol therapy. The analyst cited its results from the ORION-9/10/11 trial which was released and supported his thesis. He said the remaining question is whether the company can find an acquirer or partner to help launch inclisiran. Kumar reiterated his Outperform rating and $100 price target on The Medicine's Co. shares.
NVS Novartis
$90.20

-0.08 (-0.09%)

10/15/19
BOFA
10/15/19
NO CHANGE
BOFA
Europe 1 List changes at BofA/Merrill
BofA/Merrill added Roche (RHHBY) and Sanofi (SNY) to the Europe 1 List and removed AstraZeneca.
11/12/19
COWN
11/12/19
NO CHANGE
Target $100
COWN
Outperform
Novartis remains a top pharma pick, catalysts cited at Cowen
Cowen analyst Steve Scala said Novartis remains his top pick in pharma for 2019 following strong Q3 results and positive insights into many of its drugs. The analyst said there are many upcoming events through year-end including December's R&D update meeting, EU approvals of Zolgensma and Beovu, and key data readouts. Scala reiterated his Outperform rating and $100 price target on Novartis shares.
11/14/19
WBLR
11/14/19
INITIATION
WBLR
Market Perform
William Blair says Ionis fairly valued on Spinraza headwinds
William Blair analyst Myles Minter initiated coverage of Ionis Pharmaceuticals with a Market Perform rating and $58 fair value estimate. Spinraza, which is marketed by Biogen (BIIB), generates about $2B in revenue per year and has revolutionized the treatment of spinal muscular atrophy, but its long-term growth potential faces headwinds, Minter tells investors in a research note. The analyst anticipates the recent approval of Novartis's (NVS) Zolgensma, an SMA gene therapy, will erode Spinraza's market share of new-start type-1 SMA patients. But more concerning, according to Minter, is the potential 2020 U.S. approval of Roche's (RHHBY) risdiplam, which he believes could erode Spinraza's total market share of type-2/3 patients given a more favorable oral route of delivery. The analyst sees Ionis shares as fairly valued at current levels given the near-term headwinds for its commercial franchise.
11/14/19
ROTH
11/14/19
NO CHANGE
ROTH
Intec Pharma may pursue partnership after failed trial, says Roth Capital
Roth Capital analyst Scott Henry maintained a Neutral rating on Intec Pharma (NTEC), and lowered his price target on shares to 85c from $1.00, after the company reported "disappointing" Q3 results that were within the firm's expectations. The analyst believes that after Intec's AP-CD/LD Parkinson's trial failed to demonstrate a statistically significant benefit, the company may pursue a partnership over the next six months, which "would be viewed positive relative to current expectations." The analyst also noted that the Novartis (NVS) program appears less likely to continue, but a Novartis opt-in "would be considered a material catalyst for shares."

TODAY'S FREE FLY STORIES

AOBC

American Outdoor Brands

$9.23

-0.04 (-0.43%)

, AVCO

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$2.27

-0.06 (-2.58%)

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CLAR

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JRSH

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MCHX

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0.03 (0.82%)

JYNT

Joint Corp.

$17.37

0.28 (1.64%)

SOLY

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SMSI

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$4.66

0.095 (2.08%)

PWFL

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0.63 (0.63%)

LOVE

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VERI

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$2.73

-0.1 (-3.53%)

WTER

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-0.01 (-0.91%)

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    Jan

PNC

PNC Financial

$158.60

-0.3 (-0.19%)

, PYPL

PayPal

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2.01 (1.90%)

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PNC

PNC Financial

$158.60

-0.3 (-0.19%)

PYPL

PayPal

$107.68

2.01 (1.90%)

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  • 18

    Dec

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    Jan

BRK.A

Berkshire Hathaway

$338,250.51

-992.49 (-0.29%)

, CMCSA

Comcast

$43.59

0.57 (1.33%)

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07:44
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BRK.A

Berkshire Hathaway

$338,250.51

-992.49 (-0.29%)

CMCSA

Comcast

$43.59

0.57 (1.33%)

RDS.B

Royal Dutch Shell

$57.41

-0.19 (-0.33%)

RDS.A

Royal Dutch Shell

$57.44

-0.32 (-0.55%)

PFE

Pfizer

$38.31

-0.23 (-0.60%)

VIAC

ViacomCBS

$38.62

0.83 (2.20%)

ANTM

Anthem

$284.14

-0.405 (-0.14%)

DELL

Dell Technologies

$49.39

-0.11 (-0.22%)

GOOG

Alphabet

$1,348.07

-2.09 (-0.15%)

GOOGL

Alphabet Class A

$1,347.11

-1.4 (-0.10%)

UHAL

Amerco

$360.28

7.57 (2.15%)

UTX

United Technologies

$148.99

-0.5 (-0.33%)

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  • 23

    Jan

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PCG

PG&E

$11.26

-0.49 (-4.17%)

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  • 07

    Jan

MYGN

Myriad Genetics

$25.58

0.58 (2.32%)

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TPC

Tutor Perini

$15.73

-0.17 (-1.07%)

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BLRX

BioLineRx

$2.38

-0.23 (-8.81%)

, BD

Budget Group

$0.00

(0.00%)

04:55
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European Society for Medical Oncology to hold a conference »

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BLRX

BioLineRx

$2.38

-0.23 (-8.81%)

BD

Budget Group

$0.00

(0.00%)

IDRA

Idera Pharmaceuticals

$1.59

-0.05 (-3.05%)

MRK

Merck

$89.18

0.84 (0.95%)

PFE

Pfizer

$38.31

-0.23 (-0.60%)

NKTR

Nektar

$21.28

-0.53 (-2.43%)

03/08/13
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  • 17

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  • 05

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  • 14

    Mar

ATNX

Athenex

$14.56

-2.38 (-14.05%)

, MRK

Merck

$89.18

0.84 (0.95%)

04:55
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Society of Surgical Oncology to hold a symposium »

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ATNX

Athenex

$14.56

-2.38 (-14.05%)

MRK

Merck

$89.18

0.84 (0.95%)

ONCS

OncoSec

$2.00

-0.39 (-16.32%)

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  • 17

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  • 05

    Feb

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    Mar

ACB

Aurora Cannabis

$2.63

0.02 (0.77%)

, CRON

Cronos Group

$7.28

-0.03 (-0.41%)

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ACB

Aurora Cannabis

$2.63

0.02 (0.77%)

CRON

Cronos Group

$7.28

-0.03 (-0.41%)

NFX

Newfield Exploration

$0.00

(0.00%)

CGC

Canopy Growth

$20.69

-0.455 (-2.15%)

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BDSI

BioDelivery Sciences

$6.40

-0.065 (-1.01%)

04:55
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Conference/Events
BioDelivery Sciences management to meet with SunTrust »

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  • 17

    Dec

AOBC

American Outdoor Brands

$9.23

-0.04 (-0.43%)

, AVCO

Avalon GloboCare

$2.27

-0.06 (-2.58%)

04:55
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Roth Capital to hold a conference »

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AOBC

American Outdoor Brands

$9.23

-0.04 (-0.43%)

AVCO

Avalon GloboCare

$2.27

-0.06 (-2.58%)

BBSI

Barrett Business

$93.18

1.82 (1.99%)

BNGO

Bionano Genomics

$1.02

0.01 (0.99%)

IRMD

iRadimed

$25.25

-0.52 (-2.02%)

FC

Franklin Covey

$35.21

-0.57 (-1.59%)

NBEV

New Age Beverages

$1.91

-0.015 (-0.78%)

WATT

Energous

$1.99

(0.00%)

EAST

Eastside Distilling

$2.79

-0.12 (-4.12%)

DCTH

Delcath Systems

$0.00

(0.00%)

BOOM

DMC Global

$52.89

0.64 (1.22%)

CLAR

Clarus

$13.47

-0.02 (-0.15%)

JRSH

Jerash Holdings

$6.46

(0.00%)

MCHX

Marchex

$3.68

0.03 (0.82%)

JYNT

Joint Corp.

$17.37

0.28 (1.64%)

SOLY

Soliton

$10.35

-0.005 (-0.05%)

SMSI

Smith Micro

$4.66

0.095 (2.08%)

PWFL

PowerFleet

$6.10

0.05 (0.83%)

OSIS

OSI Systems

$100.60

0.63 (0.63%)

LOVE

Lovesac

$10.80

-1.01 (-8.55%)

VERI

Veritone

$2.73

-0.1 (-3.53%)

WTER

Alkaline Water

$1.09

-0.01 (-0.91%)

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    Jan

WFT

Weatherford

$0.00

(0.00%)

18:49
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CNC

Centene

$57.71

-0.81 (-1.38%)

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  • 13

    Dec

LYV

Live Nation

$64.24

-5.205 (-7.50%)

, ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

18:29
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S&P announces changes to S&P 400, 500, 600 indices »

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LYV

Live Nation

$64.24

-5.205 (-7.50%)

ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

STE

Steris

$151.93

-1.745 (-1.14%)

AMG

Affiliated Managers

$85.18

-1.77 (-2.04%)

TRIP

TripAdvisor

$29.24

-0.2 (-0.68%)

MAC

Macerich

$26.04

-0.46 (-1.74%)

LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

LEA

Lear

$129.43

-0.84 (-0.64%)

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

GVA

Granite Construction

$26.21

-1.335 (-4.85%)

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  • 26

    Feb

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PLAN

Anaplan

$51.80

1.44 (2.86%)

18:23
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Anaplan CEO: Digitization has really started to accelerate »

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WPX

WPX Energy

$10.92

-0.24 (-2.15%)

18:08
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18:08
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18:08
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WPX Energy in talks to acquire Felix Energy assets for $2.5B, Bloomberg says »

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  • 23

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HLIT

Harmonic

$7.94

-0.25 (-3.05%)

17:47
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17:47
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Harmonic CFO sells 28K shares of common stock »

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HZNP

Horizon Pharma

$32.84

(0.00%)

17:36
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12/13
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17:36
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Breaking Hot Stocks news story on Horizon Pharma »

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  • 13

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    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

17:33
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17:33
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Breaking Hot Stocks news story on Amarin »

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  • 28

    Dec

THMO

ThermoGenesis

$2.88

(0.00%)

17:31
12/13/19
12/13
17:31
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17:31
Syndicate
Breaking Syndicate news story on ThermoGenesis »

ThermoGenesis files $30M…

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:30
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17:30
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Breaking Hot Stocks news story on Amarin 

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  • 28

    Dec

QTNT

Quotient

$8.60

-0.165 (-1.88%)

17:28
12/13/19
12/13
17:28
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17:28
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Breaking Syndicate news story on Quotient »

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

, GVA

Granite Construction

$26.21

-1.335 (-4.85%)

17:27
12/13/19
12/13
17:27
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17:27
Hot Stocks
Breaking Hot Stocks news story on Arrowhead, Granite Construction »

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

GVA

Granite Construction

$26.21

-1.335 (-4.85%)

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

, SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

17:25
12/13/19
12/13
17:25
12/13/19
17:25
Hot Stocks
Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

Oasis Petroleum (OAS) and…

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

03/08/13
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AMRN

Amarin

$24.12

1.12 (4.87%)

17:24
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