Earnings Release Schedules, Data Presentation, Regulatory Approvals, and Strategic Collaboration - Research Reports on Covidien, Biogen, Amgen, Agios and Baxter
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NEW YORK, October 1, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Covidien plc (NYSE: COV), Biogen Idec Inc. (NASDAQ: BIIB), Amgen Inc. (NASDAQ: AMGN), Agios Pharmaceuticals, Inc. (NASDAQ: AGIO) and Baxter International Inc. (NYSE: BAX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6893-100free.
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Covidien plc Research Reports
On September 25, 2014, Covidien plc (Covidien) announced that it will report its Q4 FY 2014 and full-year FY 2014 financial results on November 5, 2014. The Company will also host a conference call for investors on the same day at 8:30 a.m. ET. On average, analysts polled by Bloomberg Businessweek expect Covidien's Q4 FY 2014 earnings at $1.02 per share on revenue of $2.7 billion. Further, analysts project the Company's full-year FY 2014 EPS at $4.02. The full research reports on Covidien are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/COV/report.pdf
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Biogen Idec Inc. Research Reports
On September 25, 2014, Biogen Idec Inc. (Biogen) announced that it will report its Q3 2014 financial results on October 22, 2014, before the markets open. Following the financial results release, Biogen's management will discuss the performance at 9:00 am ET in a live webcast. On average, analysts polled by Bloomberg Businessweek expect the Company's Q3 2014 earnings at $3.45 per share on revenue of $2.5 billion. The full research reports on Biogen are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/BIIB/report.pdf
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Amgen Inc. Research Reports
On September 22, 2014, Amgen Inc. (Amgen) announced submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) seeking approval for its investigational bispecific T cell engager (BiTE) antibody construct, blinatumomab. The BLA is for the treatment of adults with Philadelphia-negative (Ph-) relapsed/refractory B-precursor acute lymphoblastic leukemia (ALL), a rapidly progressing cancer of the blood and bone marrow. Amgen informed that its BiTE antibody constructs represent an innovative immunotherapy approach that helps the body's immune system target cancer cells. Blinatumomab, the first of the BiTE antibody constructs, has received both orphan drug designation and breakthrough therapy designation from the FDA for the treatment of ALL. "We look forward to working with regulatory authorities to make blinatumomab available for adult patients with acute lymphoblastic leukemia, who experience high relapse rates and have limited treatment options," said Sean E. Harper, M.D., Executive Vice President, R&D, Amgen. The full research reports on Amgen are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/AMGN/report.pdf
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Agios Pharmaceuticals, Inc. Research Reports
On September 26, 2014, Agios Pharmaceuticals, Inc. (Agios) announced that clinical data from a Phase I study of AG-120, an orally available, selective, potent inhibitor of the mutated IDH1 protein, will be highlighted in a late breaking oral presentation at the 26th EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics taking place from November 18 - 21, 2014, in Barcelona, Spain. "We believe IDH1 is an important target that has the potential to make a difference for patients with a broad range of hematologic and solid tumor cancers," said David Schenkein, M.D., CEO at Agios. Shares of the Company hit a fresh 52-week high and ended the session higher by 19.29% at $63.76, the same day. The full research reports on Agios are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/AGIO/report.pdf
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Baxter International Inc. Research Reports
On September 24, 2014, Baxter International Inc. (Baxter) and Merrimack Pharmaceuticals, Inc. (Merrimack) jointly announced an exclusive license and collaboration agreement for the development and commercialization of MM-398 (nanoliposomal irinotecan injection), also known as "nal-IRI." As per the agreement, Baxter gains exclusive commercialization rights for all potential indications of MM-398 outside the U.S. and Taiwan, and Merrimack retains commercialization rights in the U.S.; the rights in Taiwan are held separately. Merrimack would receive $100 million upfront payment from Baxter in Q3 2014. According to the announcement, Merrimack could also receive $120 million in regulatory milestone payments related to the first pancreatic cancer indication as these milestones are achieved; $280 million in development and regulatory milestone payments for a second pancreatic cancer indication; $220 million in future development and regulatory milestone payments; and $250 million in sales milestone payments, as well as tiered royalties on net sales of MM-398 in the licensed geographies. The full research reports on Baxter are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/BAX/report.pdf
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