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MYL

Mylan

$18.79

0.01 (0.05%)

07:06
12/02/19
12/02
07:06
12/02/19
07:06

Mylan, Biocon launch Ogivri in U.S.

Mylan and Biocon announced the U.S. launch of Ogivri, a biosimilar to Herceptin. Ogivri is available in a 420mg multi-dose vial and a 150mg single-dose vial in order to provide patient dosing and treatment flexibility. Ogivri was the first biosimilar trastuzumab approved by the U.S. FDA and unanimously recommended by the FDA Oncologic Drugs Advisory Committee. Ogivri is approved for all indications of Herceptin including for the treatment of HER2-overexpressing breast cancer and metastatic stomach cancer. Trastuzumab and biosimilar trastuzumab products contain a Boxed Warning for cardiomyopathy, infusion reactions, pulmonary toxicity and embryo-fetal toxicity.

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  • 07

    Dec

MYL Mylan
$18.79

0.01 (0.05%)

11/07/19
MSCO
11/07/19
DOWNGRADE
Target $18
MSCO
Equal Weight
Mylan downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst David Risinger downgraded Mylan to Equal Weight from Overweight with an $18 price target.
11/07/19
MSCO
11/07/19
DOWNGRADE
Target $18
MSCO
Equal Weight
Mylan downgraded to Equal Weight on growth uncertainty at Morgan Stanley
As previously reported, Morgan Stanley analyst David Risinger downgraded Mylan to Equal Weight from Overweight with a price target of $18, down from $25. He has become more conservative in his estimates after competing U.S. generic businesses missed estimates in the past two days, which he thinks may be indicative of ongoing industry pressures, Risinger tells investors. After management's Q3 call comments implied uncertainty about 2020 and beyond, and three other generic businesses reported disappointing results over the past two days, Risinger has cut his out-year forecasts for revenue and margins. His long-term EPS is now 6% below consensus for Mylan, the analyst noted.
11/07/19
11/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Underperform from In Line at Evercore ISI with analyst Kevin Rippey citing his view that 2018 represented a period of "unsustainably high" margins as Twitter reaped the benefits of a period of sustained underinvestment. 2. Mylan (MYL) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger sayinge has become more conservative in his estimates after competing U.S. generic businesses missed estimates in the past two days, which he thinks may be indicative of ongoing industry pressures. 3. Expedia (EXPE) downgraded to Neutral from Overweight at Piper Jaffray and to Neutral from Buy at DA Davidson and BofA/Merrill. 4. Bloomin' Brands (BLMN) downgraded to Neutral from Overweight at JPMorgan with analyst John Ivankoe citing valuation. 5. Papa John's (PZZA) downgraded to Neutral from Buy at MKM Partners with analyst Brett Levy saying the company has generated its first positive domestic comps in two years while laying the foundation for a "potential turnaround," but after a 43% run-up in the stock price since August 23, he believes the valuation warrants a neutral stance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/19/19
MSCO
11/19/19
NO CHANGE
Target $262
MSCO
Underweight
Mylan only IPR challenger remaining for Biogen's Tecfidera, says Morgan Stanley
Morgan Stanley analyst Matthew Harrison noted that the U.S. Patent and Trademark Appeal Board issued an order indicating that Sawai and Biogen (BIIB) have settled their disputes regarding the key Biogen patent protecting Tecfidera, which he said leaves Mylan (MYL) as the only other IPR challenger. Although he expects investors to view this as a step in the right direction, he still sees the IPR continuing with Mylan remaining a key overhang on Biogen shares. Even if Mylan and Biogen were to settle, the PTAB will likely continue to issue a final written decision by February 2020 since the IPR has had an oral hearing, which puts the patent at risk, said Harrison. He keeps an Underweight rating on Biogen shares.

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MNK

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APTO

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