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BBIO

BridgeBio

$33.49

-0.7 (-2.05%)

, CTLT

Catalent

$56.96

0.29 (0.51%)

07:32
01/10/20
01/10
07:32
01/10/20
07:32

BridgeBio, Catalent announce collaboration for gene therapy development

BridgeBio Pharma (BBIO) announced a collaboration agreement with Catalent (CTLT) to establish dedicated gene therapy development and manufacturing capacity at Catalent's Paragon Gene Therapy clinical and commercial manufacturing center in Harmans, Maryland. The agreement is intended to support the clinical and commercial manufacturing needs for BridgeBio's gene therapy product candidates for congenital adrenal hyperplasia, BBP-631, and Canavan disease, BBP-812. Catalent's commercial facility is fully compliant with cGMP requirements and allows for up to 5000 liters of production. The over 400,000 square feet footprint is complete with all necessary support functions for storage and fill finish for final product supply.

BBIO

BridgeBio

$33.49

-0.7 (-2.05%)

CTLT

Catalent

$56.96

0.29 (0.51%)

BBIO BridgeBio
$33.49

-0.7 (-2.05%)

09/13/19
BTIG
09/13/19
NO CHANGE
Target $56
BTIG
Buy
Eidos Therapeutics price target raised to $56 from $38 at BTIG
BTIG analyst Thomas Shrader raised his price target on Eidos Therapeutics (EIDX) to $56 and kept his Buy rating after the decision by its board to reject an acquisition offer from parent company BridgeBio (BBIO) to buy all of its outstanding stock. The analyst notes that he always believed the combined entity would not be a more attractive investment, saying he is positive on the company's "declaration of independence". Shrader further cites the added revenue contribution expected from Eidos Therapeutics' deal with Alexion (ALXN) to develop and commercialize AG10 in Japan.
10/18/19
PIPR
10/18/19
NO CHANGE
Target $50
PIPR
Overweight
BridgeBio has 'best-in-class' potential in achondroplasia, says Piper Jaffray
Piper Jaffray analyst Tyler Van Buren reiterates an Overweight rating on BridgeBio with a $50 price target after new preclinical data for infigratinib in achondroplasia were presented. The drug is effective at lower and less frequent dosing regimens than previously tested, says the analyst, who believes infigratinib could capture 50% achondroplasia market share by 2035, which could amount to over $1.5B in sales. He sees "best-in-class potential" for the drug.
11/19/19
PIPR
11/19/19
NO CHANGE
Target $75
PIPR
Overweight
Eidos Therapeutics price target raised to $75 from $55 at Piper Jaffray
Piper Jaffray analyst Tyler Van Buren raised his price target for Eidos Therapeutics to $75 from $55 and reiterates an Overweight rating on the shares following the initial AG10 long-term outcomes data. The stock closed Monday up 18% to $55.02. After speaking with a key opinion leader, the analyst believes that BridgeBio (BBIO) and Eidos's AG10 appears superior to the anticipated blockbuster Vyndaqel/tafamidis. Van Buren says he's using a "conservative" one-times multiple on a 2030 AG10 sales estimate. He believes the ATTR cardiomyopathy market could grow to an eventual $5B-$10B opportunity as the pool of diagnosed patients expands several-fold. In addition, the new price target does not include a premium for a takeout, which is more likely following the AG10 data, Van Buren tells investors in a research note.
01/07/20
RAJA
01/07/20
NO CHANGE
Target $40
RAJA
Outperform
BridgeBio price target raised to $40 from $36 at Raymond James
Raymond James analyst Dane Leone raised his price target for BridgeBio to $40 from $36 after its QED subsidiary announced that infigratinib had received Fast Track Designation for treatment of 1st line advanced or metastatic cholangiocarcinoma, along with an update on the pivotal PROOF study. Leone tells investors in a research note that he thinks that the premium multiple relative to the mid cap biotech peer group multiple is warranted, given the breadth of programs and current clinical datasets.
CTLT Catalent
$56.96

0.29 (0.51%)

08/28/19
08/28/19
DOWNGRADE

Sector Weight
Catalent downgraded to Sector Weight on valuation at KeyBanc
As previously reported, KeyBanc analyst Donald Hooker downgraded Catalent to Sector Weight from Overweight on valuation, with shares now at near all-time highs. The analyst believes free cash flow will be limited at 20%-30% of EBITDA due to heavy capital spending, and the company will be carrying a high debt ratio, both of which may limit flexibility.
08/28/19
BARD
08/28/19
NO CHANGE
Target $60
BARD
Outperform
Catalent price target raised to $60 from $50 at Baird
Baird analyst Evan Stover raised his price target on Catalent to $60 from $50 citing recent smaller challenges fading, Paragon and broader Biologics update was solid, and the company is accelerating toward its EBITDA growth goal. Stover reiterated his Outperform rating on Catalent shares.
08/28/19
08/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Autodesk (ADSK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Kash Rangan saying while the company posted solid July quarter results, uncertainty has increased as its fiscal 2020 guidance was lowered across the board. 2. Antero Midstream (AM) downgraded to Market Perform from Outperform at Raymond James. 3. Catalent (CTLT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Donald Hooker saying he believes free cash flow will be limited at 20%-30% of EBITDA due to heavy capital spending, and the company will be carrying a high debt ratio, both of which may limit flexibility. 4. Kelly Services (KELYA) downgraded to Neutral from Buy at Northcoast with analyst John Healy saying shares are approaching his liquidation value of around $26. 5. Nabors Industries (NBR), Nine Energy Services (NINE), and Quintana Energy Services (QES) downgraded to Neutral from Buy at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/19
SPHN
10/17/19
INITIATION
Target $56
SPHN
Overweight
Catalent resumed with an Overweight at Stephens
Stephens analyst Jacob Johnson resumed coverage of Catalent with an Overweight rating and $56 price target. While the stock's valuation is relatively elevated on a historical basis, he thinks the premium is warranted given the growth prospects for the company's biologics and cell/gene therapy assets.

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JPMorgan

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JPMorgan

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Bank of America

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CEL

Cellcom Israel

$3.18

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VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

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SO

Southern Company

$67.25

1.08 (1.63%)

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Xcel Energy

$65.38

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Xcel Energy

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LIZI

Lizhi

$11.72

(0.00%)

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Phoenix Tree

$13.50

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Lizhi

$11.72

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DNK

Phoenix Tree

$13.50

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Velocity Financial

$13.58

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I-MAB

$12.90

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BSBK

Bogota Financial

$11.70

0.195 (1.70%)

CSPR

Casper Sleep

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
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Teligent to hold a special shareholder meeting »

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AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

15:48
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Aytu BioScience to hold a special shareholder meeting »

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DVA

DaVita

$79.45

0.43 (0.54%)

15:32
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Conference/Events
DaVita to host special shareholder meeting »

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TSM

TSMC

$58.58

-0.18 (-0.31%)

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Taiwan tech stocks can ignore China's bluster for now, Barron's says »

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KKR

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Apollo Global

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KKR

KKR

$31.20

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Apollo Global

$50.35

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BX

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GOOG

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AAPL

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DQ

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SPOT

Spotify

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CE

Celanese

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BYND

Beyond Meat

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17:32
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General news
Weekly CFTC Commitment of Traders highlights »

2-YEAR U.S. TREASURY net…

IEF

iShares 7-10 Year Treasury Bond ETF

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iShares 1-3 Year Treasury Bond

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SPY

SPDR S&P 500 ETF Trust

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iShares Silver Trust

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GLD

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FXE

Euro Currency Trust

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UBSFY

Ubisoft

$0.00

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Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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IMVT

Immunovant

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Syndicate
Breaking Syndicate news story on Immunovant »

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