Acquisitions, Scheduled Earnings Releases, Appointments, Clinical Trials, and Stock Movements - Analyst Notes on Baxter, AcelRx, Synta Pharmaceuticals, Spectranetics, and NuVasive
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NEW YORK, April 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Baxter International Inc. (NYSE: BAX), AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX), Synta Pharmaceuticals Corp. (NASDAQ: SNTA), The Spectranetics Corporation (NASDAQ: SPNC), and NuVasive, Inc. (NASDAQ: NUVA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Baxter International Inc. Analyst Notes
On April 2, 2014, Baxter International Inc. (Baxter) announced that it has agreed to acquire all of Chatham Therapeutics, LLC's (Chatham) outstanding membership interests. The Company stated that it will acquire Chatham's developmental gene therapy programs directed toward the development and commercialization of treatments for hemophilia. Baxter informed that under the terms of agreement, the Company will make an initial payment of $70 million to acquire all of the outstanding membership interests of Chatham and may make additional payments in the future based on specified development, regulatory and commercial milestones. In another announcement dated, April 3, 2014, the Company stated that it will host a quarterly conference call to discuss its Q1 2014 financial results on April 17, 2014 at 7:30 a.m. CT. Baxter stated that the call will be webcast and can be accessed at the Company website. The full analyst notes on Baxter International Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04112014/BAX/report.pdf
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AcelRx Pharmaceuticals, Inc. Analyst Notes
On March 25, 2014, AcelRx Pharmaceuticals, Inc. (AcelRx) announced the appointment of Timothy E. Morris as the Company's CFO. AcelRx informed that Mr. Morris will be responsible for managing the Company's finance operations, information systems and human resource and investor relations functions as part of his new role. The Company stated that he succeeds Jim Welch, who had served as CFO since October 2010. According to the AcelRx, Morris holds 30 years of professional finance and accounting experience out of which 18 years of experience as CFO and prior to joining AcelRx he served as CFO at VIVUS Inc. Commenting on the appointment, Richard King, President and CEO of AcelRx, stated, "Tim's recent knowledge in transitioning a development-stage company to commercial capability in terms of finance, accounting, information systems and personnel, coupled with his experience in structuring and valuing transactions, strategic planning and executive management, make him an invaluable addition to our company." The full analyst notes on AcelRx Pharmaceuticals, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04112014/ACRX/report.pdf
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Synta Pharmaceuticals Corp. Analyst Notes
On April 9, 2014, Synta Pharmaceuticals Corp.'s (Synta Pharmaceuticals) stock increased 10.07%, to close at $4.48. For the past five-day trading period, the Company's shares gained 11.16% compared to the Nasdaq Composite which rose 0.98% during the same period. The full analyst notes on Synta Pharmaceuticals Corp. are available to download free of charge at:
http://www.AnalystsReview.com/04112014/SNTA/report.pdf
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The Spectranetics Corporation Analyst Notes
On March 27, 2014, The Spectranetics Corporation (Spectranetics) announced early success of the EXCITE ISR clinical trial, achieving highly significant statistical superiority in both safety and efficacy. According to the Company, the outcome was achieved without any borrowing from the PATENT registry. The Company informed that based on this result, Spectranetics has concluded enrollment in the EXCITE ISR trial and will submit the 510(k) application to the Food and Drug Administration (FDA) on the announcement date. Spectranetics President and CEO, Scott Drake, commented, "We are in the process of developing a new, necessary standard of care for ISR patients. Safety and efficacy superiority are the bedrock of our strategy to unlock this $750 million target market. Early success with EXCITE is another critical step toward our goal of accelerating top line growth, expanding gross margins and achieving meaningful operating leverage." Spectranetics added that In-stent restenosis (ISR) occurs when a previously placed stent becomes occluded, or blocked, and is considered to be a challenging condition to treat. The full analyst notes on The Spectranetics Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04112014/SPNC/report.pdf
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NuVasive, Inc. Analyst Notes
On April 9, 2014, NuVasive, Inc.'s (NuVasive) stock gained 0.40%, closing at $35.46. Over the past six months of trading, NuVasive's shares advanced 43.15% compared to the Nasdaq Composite which went up by 13.75% during the same trading period. The full analyst notes on NuVasive, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04112014/NUVA/report.pdf
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