Over a month ago |
Hot Stocks
| ShowHide Related Items >><< - 03/23/23
- Royalty Pharma acquires interest in PureTech's royalty in Karuna's KarXT
- 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 03/28/23 H.C. Wainwright
- Karuna Therapeutics price target lowered to $300 from $320 at H.C. Wainwright
- 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 05/04/23
- Karuna Therapeutics reports Q1 EPS , consensus ($2.73)
- 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
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Earnings
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Reports Q1 revenue $654K… Reports Q1 revenue $654K vs. no revenue last year. "We've had a very strong start to the year," said Bill Meury, CEO. "We announced positive data from EMERGENT-3, our third consecutive registrational trial of KarXT in schizophrenia, which further reinforces KarXT's potential to be a completely novel and differentiated treatment for people living with schizophrenia. On the regulatory front, we remain on track to submit our NDA mid-year - specifically the third quarter - following an encouraging pre-NDA meeting with the FDA last month. We've also made significant progress advancing EMERGENT-4 and 5, our Phase 3 open-label trials evaluating the long-term safety of KarXT in schizophrenia, which will provide valuable information for both the NDA and medical education pre- and post-launch, with data to share next year. As we continue to build the infrastructure to support the potential commercialization of KarXT in schizophrenia, we maintain a sharp focus on the execution of our ARISE program evaluating KarXT as an adjunctive treatment for schizophrenia, with anticipated topline data from the Phase 3 ARISE trial in the second half of 2024, as we activate additional sites to support recruitment in the study. ---Beyond KarXT, we continue to grow our pipeline both organically and inorganically, most notably with our exclusive global in-license agreement for TRPC4/5 inhibitors for the treatment of mood and anxiety disorders announced in February, and we look forward to sharing next steps in the program later this year." ShowHide Related Items >><< - 03/23/23
- Royalty Pharma acquires interest in PureTech's royalty in Karuna's KarXT
- 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 03/28/23 H.C. Wainwright
- Karuna Therapeutics price target lowered to $300 from $320 at H.C. Wainwright
- 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
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Recommendations
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H.C. Wainwright analyst… H.C. Wainwright analyst Raghuram Selvaraju lowered the firm's price target on Karuna Therapeutics to $300 from $320 and keeps a Buy rating on the shares. The analyst expects Karuna to file for approval of KarXT in mid-2023, with possible approval in the second half of 2024. It cites equity dilution for the target drop. ShowHide Related Items >><< - 03/23/23
- Royalty Pharma acquires interest in PureTech's royalty in Karuna's KarXT
- 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
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On The Fly
| ShowHide Related Items >><< - 03/23/23
- PureTech Health sells interest in KarXT to Royalty Pharma for up to $500M
- 03/01/23
- Royalty Pharma appoints Ashwin Pai as EVP, investments
- 02/15/23
- Royalty Pharma sees FY23 adjusted cash receipts view $2.375B-$2.475B
- 02/14/23
- PureTech Health to advance LYT-300 for treatment of anxiety disorders and PPD
- 01/12/23
- PureTech Health PLC (ADR) trading resumes
- 02/14/23
- Seres SER-109 data for rCDI published, PDUFA action date set for April 26
- 02/08/23
- Seres Therapeutics initiates enrollment in Cohort 2 in SER-155 trial
- 01/13/23
- Seres Therapeutics reports inducement grants under Nasdaq listing rule
- 11/03/22
- Cara Therapeutics appoints Lisa von Moltk to board of directors
- 03/23/23
- Royalty Pharma acquires interest in PureTech's royalty in Karuna's KarXT
- 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 03/22/23
- Cidara Therapeutics and Melinta Therapeutics' Rezzayo approved by FDA
- 03/01/23
- Cidara Therapeutics announces interim Phase 2a data of CD388
- 02/14/23
- Cidara regains compliance with Nasdaq minimum bid price requirement
- 02/01/23
- Cidara Therapeutics, WuXi XDC expand collaboration for CD73 program
- 03/15/23
- Array Technologies reschedules earnings, needs more time to file annual report
- 03/03/23
- Avangrid announces intent to deploy more than $30M in solar trackers from Array
- 01/30/23
- Array Technologies names Manning as Chief Operations Officer
- 11/08/22
- Array Technologies appoints Jokinen to board of directors
- 02/27/23
- Aptinyx trading resumes
- 02/27/23
- Aptinyx to resume trading at 4:35pm E.T.
- 02/27/23
- Aptinyx says Phase 2 Study of NYX-458 did not demonstrate sufficient efficacy
- 02/27/23
- Aptinyx trading halted, news pending
- 03/21/23 Cantor Fitzgerald
- Cantor reiterates Overweight ratings on anti-fungal stocks Cidara, Scynexis
- 01/25/23 H.C. Wainwright
- Cidara panel vote greatly increases approval chances, says H.C. Wainwright
- 05/12/22 H.C. Wainwright
- Cidara Therapeutics price target lowered to $6 from $7.50 at H.C. Wainwright
- 03/07/23 H.C. Wainwright
- Aptinyx downgraded to Neutral from Buy at H.C. Wainwright
- 03/01/23 SVB Securities
- SVB Securities downgrades Aptinyx to Market Perform, lowers price target to 50c
- 03/01/23 SVB Securities
- Aptinyx downgraded to Market Perform from Outperform at SVB Securities
- 08/26/22 H.C. Wainwright
- Aptinyx price target lowered to $1 from $2 at H.C. Wainwright
- 03/21/23 Canaccord
- Seres Therapeutics price target raised to $15 from $11 at Canaccord
- 03/08/23 Canaccord
- Seres Therapeutics price target lowered to $11 from $17 at Canaccord
- 12/20/22 Piper Sandler
- Piper recommends 'down market cap' biotech exposure for 2023
- 12/20/22 Piper Sandler
- Piper Sandler names three top biotechnology picks for 2023
- 03/22/23 Guggenheim
- Array Technologies price target lowered to $35 from $36 at Guggenheim
- 03/09/23 Citi
- Array Technologies initiated with a Neutral at Citi
- 03/07/23 Piper Sandler
- Array Technologies price target lowered to $26 from $28 at Piper Sandler
- 03/01/23 Scotiabank
- Array Technologies initiated with an Outperform at Scotiabank
- 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- 09/06/22 Morgan Stanley
- Biogen named a 'Catalyst Driven Idea' at Morgan Stanley
- 07/28/22 Citi
- Royalty Pharma price target raised to $60 from $50 at Citi
- 07/14/22 Tigress Financial
- Royalty Pharma price target raised to $57 from $52 at Tigress Financial
- 06/13/22 UBS
- Royalty Pharma initiated with a Buy at UBS
- 08/26/22 Piper Sandler
- PureTech Health price target raised to $44 from $37 at Piper Sandler
- 08/25/22 Piper Sandler
- PureTech Health price target raised to $44 from $37 at Piper Sandler
- 06/14/22 Piper Sandler
- PureTech Health price target lowered to $37 from $72 at Piper Sandler
- 03/15/23
- Royalty Pharma raises FY23 adjusted cash receipt guidance to $2.85B-$2.95B
- 02/15/23
- Royalty Pharma reports Q4 revenue $566M vs $576M last year
- 11/08/22
- Royalty Pharma raises FY22 adjusted cash receipts view to $2.75M-$2.8M
- 11/08/22
- Royalty Pharma reports Q3 revenue $573M, consensus $587.17M
- 03/07/23
- Seres Therapeutics reports 2022 revenue $7.13M, consensus $10.7M
- 11/02/22
- Seres Therapeutics reports Q3 EPS (49c), consensus (47c)
- 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
- 03/23/23
- Cidara Therapeutics reports Q4 EPS (19c), consensus (17c)
- 11/03/22
- Cidara Therapeutics reports Q3 EPS 17c, consensus 18c
- 03/21/23
- Array Technologies sees FY23 adjusted EPS 75c-85c, consensus 78c
- 03/21/23
- Array Technologies reports Q4 adjusted EPS 10c, consensus 8c
- 03/21/23
- Notable companies reporting after market close
- 03/02/23
- Array Technologies sees 2023 adjusted EPS 75c-85c, consensus 95c
- 11/08/22
- Aptinyx reports Q3 EPS (23c), consensus (24c)
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Hot Stocks
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Royalty Pharma (RPRX) and… Royalty Pharma (RPRX) and PureTech Health (PRTC) announced that Royalty Pharma has acquired an interest in PureTech's royalty in Karuna Therapeutics' (KRTX) KarXT for up to $500M with $100M in cash up front and up to $400M in additional payments contingent on the achievement of certain regulatory and commercial milestones. As part of this transaction, PureTech has sold its right to receive a 3% royalty from Karuna to Royalty Pharma on sales up to $2 billion annually, after which threshold Royalty Pharma will receive 33% and PureTech will retain 67% of the royalty payments. PureTech retains its 3.1% equity ownership in Karuna1. Additionally, under its license agreement with Karuna, PureTech retains the right to receive milestone payments upon the achievement of certain regulatory approvals and 20% of sublicense income. ShowHide Related Items >><< - 03/23/23
- PureTech Health sells interest in KarXT to Royalty Pharma for up to $500M
- 03/01/23
- Royalty Pharma appoints Ashwin Pai as EVP, investments
- 02/15/23
- Royalty Pharma sees FY23 adjusted cash receipts view $2.375B-$2.475B
- 01/09/23
- Royalty Pharma provides business update, outlook
- 02/14/23
- PureTech Health to advance LYT-300 for treatment of anxiety disorders and PPD
- 01/12/23
- PureTech Health PLC (ADR) trading resumes
- 01/12/23
- PureTech Health PLC (ADR) trading halted, volatility trading pause
- $169.57 /
+8.375 (+5.20%) - 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 01/31/23
- Karuna Therapeutics appoints William Kane as Chief Commercial Officer
- 09/06/22 Morgan Stanley
- Biogen named a 'Catalyst Driven Idea' at Morgan Stanley
- 07/28/22 Citi
- Royalty Pharma price target raised to $60 from $50 at Citi
- 07/14/22 Tigress Financial
- Royalty Pharma price target raised to $57 from $52 at Tigress Financial
- 06/13/22 UBS
- Royalty Pharma initiated with a Buy at UBS
- 08/26/22 Piper Sandler
- PureTech Health price target raised to $44 from $37 at Piper Sandler
- 08/25/22 Piper Sandler
- PureTech Health price target raised to $44 from $37 at Piper Sandler
- 06/14/22 Piper Sandler
- PureTech Health price target lowered to $37 from $72 at Piper Sandler
- $169.57 /
+8.375 (+5.20%) - 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- 03/15/23
- Royalty Pharma raises FY23 adjusted cash receipt guidance to $2.85B-$2.95B
- 02/15/23
- Royalty Pharma reports Q4 revenue $566M vs $576M last year
- 11/08/22
- Royalty Pharma raises FY22 adjusted cash receipts view to $2.75M-$2.8M
- 11/08/22
- Royalty Pharma reports Q3 revenue $573M, consensus $587.17M
- $169.57 /
+8.375 (+5.20%) - 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
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On The Fly
| ShowHide Related Items >><< - $177.46 /
+16.265 (+10.09%) - 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 01/31/23
- Karuna Therapeutics appoints William Kane as Chief Commercial Officer
- 01/05/23
- iBio announces USPTO issued patent on AI-engineered epitope discovery
- 12/02/22
- iBio announces resignation of CEO Thomas Isett
- 11/03/22
- iBio seeking to divest its contract development, manufacturing organization
- 09/27/22
- iBio dives 34% to 21c per share after reporting FY22 preliminary revenue
- 03/19/23
- Connect Biopharma presents data from Stage 1 of CBP-201 China trial
- 03/17/23
- Connect Biopharma jumps 41% to $1.55 after positive Phase 2b CBP-201 data
- 03/17/23
- Connect Biopharma Phase 2b CBP-201 data showed improvement in AD signs
- 12/30/22
- Connect Biopharma sees cash runway into 2025
- 03/22/23
- Acer Therapeutics: Data presented at SIMD on Urea Cycle Disorders
- 03/17/23
- Acer reports Phase 2 trial of ACER-801 did not achieve statistical significance
- 03/15/23
- Acer Therapeutics announces presentation at upcoming meeting for SIMD
- 02/13/23
- Acer Therapeutics announces full enrollment in Phase 2a trial of ACER-801
- 09/14/22 Piper Sandler
- Connect Biopharma price target raised to $1.75 from $1.50 at Piper Sandler
- 06/02/22 Cantor Fitzgerald
- Connect Biopharma initiated with an Overweight at Cantor Fitzgerald
- 05/05/22 Piper Sandler
- Connect Biopharma downgraded to Neutral from Overweight at Piper Sandler
- $177.46 /
+16.265 (+10.09%) - 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- 02/15/23 JMP Securities
- iBio downgraded to Market Perform at JMP on CDMO and IBIO-101 questions
- 02/15/23 JMP Securities
- iBio downgraded to Market Perform from Outperform at JMP Securities
- 10/06/22 Cantor Fitzgerald
- iBio downgraded to Neutral from Overweight at Cantor Fitzgerald
- $177.46 /
+16.265 (+10.09%) - 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
- 09/27/22
- iBio reports FY22 revenue $2.4M, two estimates, $2.55M
- 11/14/22
- Acer Therapeutics reports Q3 EPS (31c), consensus (68c)
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Syndicate
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The deal priced at last… The deal priced at last closing price of $161.33. Goldman Sachs is acting as lead book running manager for the offering. ShowHide Related Items >><< - $161.19 /
-21.09 (-11.57%) - 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 01/31/23
- Karuna Therapeutics appoints William Kane as Chief Commercial Officer
- $161.19 /
-21.09 (-11.57%) - 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- $161.19 /
-21.09 (-11.57%) - 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
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Syndicate
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Karuna Therapeutics… Karuna Therapeutics announced that it has commenced an underwritten public offering of $400M of its common stock. Goldman Sachs & Co., J.P. Morgan Securities, and Morgan Stanley & Co. are acting as joint book-running managers for the offering. ShowHide Related Items >><< - 03/20/23
- Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial
- 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 01/31/23
- Karuna Therapeutics appoints William Kane as Chief Commercial Officer
- 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
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Hot Stocks
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Karuna Therapeutics… Karuna Therapeutics announced positive topline results from its Phase 3 EMERGENT-3 trial evaluating the efficacy, safety, and tolerability of its lead investigational therapy, KarXT in adults with schizophrenia. The trial met its primary endpoint, with KarXT demonstrating a statistically significant and clinically meaningful 8.4-point reduction in Positive and Negative Syndrome Scale total score compared to placebo at Week 5. Consistent with prior trials, KarXT demonstrated an early and sustained statistically significant reduction of symptoms from Week 2 through the end of the trial as assessed by PANSS total score. The NDA submission for KarXT in schizophrenia will incorporate the efficacy and safety data from the three placebo-controlled registrational trials, EMERGENT-1, EMERGENT-2, and EMERGENT-3, in addition to long-term safety data from the ongoing EMERGENT-4 and EMERGENT-5 trials. The company is on track to submit an NDA to the FDA in mid-2023, with a potential launch in the second half of 2024, if approved. ShowHide Related Items >><< - 03/10/23
- Karuna says maintains 'de minimis amount' of cash, equivalents with SVB
- 02/02/23
- Karuna Therapeutics signing exclusive global license agreement for TRPC4/5
- 01/31/23
- Karuna Therapeutics appoints William Kane as Chief Commercial Officer
- 12/06/22
- Karuna Therapeutics names Bill Meury as CEO, succeeding Steve Paul, M.D.
- 03/08/23 Cantor Fitzgerald
- Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
- 03/07/23 Cantor Fitzgerald
- Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
- 03/02/23 Wells Fargo
- Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
- 01/27/23 UBS
- Karuna Therapeutics initiated with a Neutral at UBS
- 02/23/23
- Karuna Therapeutics reports Q4 EPS ($2.22), consensus ($2.25)
- 11/03/22
- Karuna Therapeutics reports Q3 EPS ($2.38), consensus ($2.13)
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