Clinical Study Results, Data Presentations, DMF Submissions, and Acquisition Agreements - Analyst Notes on Forest Laboratories, Incyte, Illumina, INSYS Therapeutics and AMRI
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NEW YORK, June 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Forest Laboratories Inc. (NYSE: FRX), Incyte Corporation (NASDAQ: INCY), Illumina Inc. (NASDAQ: ILMN), INSYS Therapeutics, Inc. (NASDAQ: INSY) and Albany Molecular Research Inc. (NASDAQ: AMRI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3391-100free.
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Forest Laboratories Inc. Analyst Notes
On May 30, 2014, Forest Laboratories Inc. (Forest Laboratories) announced that data from its pivotal Phase III Study of an Investigational Fixed-Dose Combination (FDC) of nebivolol and valsartan has been published in the May 30, 2014 issue of The Lancet. According to the Company, the study met its primary and key secondary endpoints and demonstrated statistically significant reductions from baseline in diastolic and systolic blood pressure vs. both nebivolol alone and valsartan alone at 8 weeks in patients with hypertension. Commenting on these results, Thomas Giles, M.D., Professor of Medicine, Tulane University School of Medicine, stated, "These data indicate that the combinations of nebivolol and valsartan were effective at lowering blood pressure in patients with hypertension. To our knowledge, this is the first study to assess the efficacy and safety of a fixed-dose combination consisting of a beta-blocker and angiotensin II receptor blocker in hypertensive patients." The full analyst notes on Forest Laboratories are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/FRX/report.pdf
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Incyte Corporation Analyst Notes
On June 2, 2014, Incyte Corporation (Incyte) announced that the Company has presented preliminary results from an ongoing Phase I/II study of INCB24360 its oral indoleamine 2, 3-dioxygenase 1 (IDO1) inhibitor, combined with ipilimumab in patients with unresectable or metastatic melanoma at the 50th Annual Meeting of the American Society of Clinical Oncology (ASCO) in Chicago. Incyte said that the initial findings show that the combination was generally well tolerated and produced evidence of clinical response. Incyte President and CEO, Hervé Hoppenot, stated, "The synergistic activity observed between INCB24360 and ipilimumab increases our confidence in the value of investigating other immunotherapy combinations with INCB24360 in multiple tumor types." The full analyst notes on Incyte are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/INCY/report.pdf
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Illumina Inc. Analyst Notes
On June 2, 2014, Illumina Inc.'s (Illumina) stock went up by 0.27%, to $158.68 per share. In the last three days of trading, the Company's stock has gained 0.82%, compared to the Nasdaq Composite which has advanced 0.28%, during the same trading period. The full analyst notes on Illumina are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/ILMN/report.pdf
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INSYS Therapeutics, Inc. Analyst Notes
On May 29, 2014, INSYS Therapeutics, Inc. (Insys Therapeutics) announced that the Company has submitted a Type II Drug Master File (DMF) to the Food and Drug Administration (FDA). According to the Insys Therapeutics, the FDA submitted Type II DMF for the Company's cannabidiol (CBD) active pharmaceutical ingredient and has been issued DMF# 28255. The Company President and CEO Michael L. Babich, commented, "Advancing our pharmaceutical CBD program is one of our top priorities and the DMF brings us another step closer to filing an Investigational New Drug Application (IND) for CBD in the second half of 2014. We are pleased to submit this voluntary filing, which enables us to comply with regulatory requirements and demonstrate the safety, efficacy and quality of our CBD program." The full analyst notes on INSYS Therapeutics are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/INSY/report.pdf
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Albany Molecular Research Inc. Analyst Notes
On June 2, 2014, Albany Molecular Research Inc. (AMRI) announced that the Company has signed a definitive agreement to acquire all of the outstanding membership interests of Oso Biopharmaceuticals Manufacturing, LLC (OsoBio) for $110 million in cash. According to AMRI, the acquisition along with associated fees are expected to be paid through cash currently held by the Company, and, subject to Hart-Scott-Rodino clearance and other conditions to closing, is expected to be completed by Q3 2014. AMRI President and CEO, William S. Marth, remarked, "The acquisition of OsoBio is highly complementary to our finished dose manufacturing business, and is consistent with our strategy to be the preeminent supplier of custom and complex drug development services and products to the pharmaceutical industry. In addition, we expect to realize savings in capital costs associated with the previously planned facility expansion." The full analyst notes on AMRI are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/AMRI/report.pdf
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