Drug Approvals and Earnings Releases - Research Reports on Bristol-Myers, Johnson & Johnson, Merck, Pharmacyclics and Amgen
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NEW YORK, August 4, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Bristol-Myers Squibb Co. (NYSE: BMY), Johnson & Johnson (NYSE: JNJ), Merck & Co., Inc. (NYSE: MRK), Pharmacyclics Inc. (NASDAQ: PCYC) and Amgen Inc. (NASDAQ: AMGN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5355-100free.
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Bristol-Myers Squibb Co. Research Reports
On July 29, 2014, Bristol-Myers Squibb Co. (Bristol-Myers) and Pfizer Inc. (Pfizer) jointly announced that the European Commission has approved Eliquis for the treatment of DVT and PE, and the prevention of recurrent DVT and PE in adults. In addition, Eliquis is also approved in the European Union for the prevention of venous thromboembolism (VTE) in adults who have undergone elective total hip or knee replacement surgery, and for the prevention of stroke and systemic embolism in adult patients with nonvalvular atrial fibrillation (NVAF) with one or more risk factors. Bristol-Myers informed that the marketing authorization for Eliquis is based on the positive opinion issued by the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency, and is supported by two pivotal Phase III clinical trials, AMPLIFY and AMPLIFY-EXT. The full research reports on Bristol-Myers are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/BMY/report.pdf
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Johnson & Johnson Research Reports
On July 29, 2014, Johnson & Johnson (Johnson & Johnson) announced that the U.S. Food and Drug Administration (FDA) has approved the supplemental New Drug Application (sNDA) for IMBRUVICA (ibrutinib) capsules for the treatment of patients with chronic lymphocytic leukemia (CLL) who have received at least one prior therapy. In addition, the FDA has approved IMBRUVICA for CLL patients with del 17p, a genetic mutation that occurs when part of chromosome 17 has been lost. IMBRUVICA is jointly developed and commercialized by Johnson & Johnson's subsidiary Janssen Biotech, Inc. and Pharmacyclics, Inc. Johnson & Johnson informed that the sNDA is based on data from the Phase III RESONATE study, which demonstrated IMBRUVICA significantly improved progression-free survival (PFS) and overall survival (OS) versus ofatumumab in patients with previously treated CLL or small lymphocytic leukemia (SLL). The full research reports on Johnson & Johnson are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/JNJ/report.pdf
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Merck & Co., Inc. Research Reports
On July 29, 2014, Merck & Co., Inc. (Merck) released its Q2 2014 and H1 2014 financial results. The Company reported Q2 2014 sales of $10.9 billion, down 0.7% YoY. Q2 2014 net income attributable to Merck came in at $2.0 billion or $0.68 per diluted share, compared to a net income $906 million or $0.30 per diluted share in Q2 2013. Non-GAAP net income was $2.5 billion or $0.85 per share. According to analysts surveyed by Thomson Reuters I/B/E/S, the Company was expected to post Q2 2014 EPS of $0.81. H1 2014 GAAP net income attributable to Merck came in at $3.7 billion or $1.25 per diluted share, compared to a net income $2.5 billion or $0.82 per diluted share in H1 2013. For full-year 2014, the Company expects revenues in the range of $42.4 billion - $43.2 billion, and non-GAAP EPS in the range of $3.43 - $3.53 The full research reports on Merck are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/MRK/report.pdf
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Pharmacyclics Inc. Research Reports
On July 28, 2014, Pharmacyclics Inc. (Pharmacyclics) announced that the U.S. Food and Drug Administration (FDA) has granted IMBRUVICA (ibrutinib) regular (full) approval for the treatment of patients with chronic lymphocytic leukemia (CLL) who have received at least one prior therapy, and for the treatment of CLL patients with deletion of the short arm of chromosome 17 (del 17p CLL), including treatment naive and previously treated del 17p CLL patients. Pharmacyclics and Janssen Biotech, Inc. have jointly developed and commercialized IMBRUVICA®. The approval of IMBRUVICA® is based on data from the Phase III RESONATE™ study (PCYC-1112-CA). Pharmacyclics stated that the approval of IMBRUVICA® has prompted a milestone payment of $60 million to the Company under its collaboration agreement with Janssen Biotech, a wholly owned subsidiary of Johnson & Johnson. The full research reports on Pharmacyclics are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/PCYC/report.pdf
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Amgen Inc. Research Reports
On July 29, 2014, Amgen Inc. (Amgen) reported Q2 2014 total revenues of $5.2 billion, up 10.7% YoY driven by strong performance across the portfolio, particularly Enbrel (etanercept), Kyprolis (carfilzomib), Prolia (denosumab) and XGEVA (denosumab). During the quarter, the Company's operating income improved 22.7% YoY to $1.9 billion. Q2 2014 GAAP net income came in at $1.5 billion or $2.01 per diluted share, compared to net income of $1.3 billion or $1.65 per diluted share in Q2 2013. For full-year 2014, the Company expects total revenues in the range of $19.5 billion - $19.7 billion and adjusted EPS in the range of $8.20 - $8.40. Amgen said that it will slash 2,400 to 2,900 jobs, primarily in the U.S., over this year and 2015 and close plants in Colorado and Washington. The full research reports on Amgen are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/AMGN/report.pdf
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