Facility Investments, Earnings Release Schedules, Definitive Agreements, Patient Enrollments, and Clinical Trial Updates - Analyst Notes on Novo Nordisk, HealthSouth, AMRI, Abiomed, and Geron
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NEW YORK, March 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Novo Nordisk A/S (NYSE: NVO), HEALTHSOUTH Corp. (NYSE: HLS), Albany Molecular Research Inc. (NASDAQ: AMRI), Abiomed Inc. (NASDAQ: ABMD), and Geron Corporation (NASDAQ: GERN). 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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Novo Nordisk A/S Analyst Notes
On March 14, 2014, Novo Nordisk A/S (Novo Nordisk) reported a DKK550 million (or $100 million) investment in a new research and development facility in Bagsværd, Denmark for increasing its drug development capacity. The Company stated that the purification plant will enhance its capacity to produce active pharmaceutical ingredients for a growing number of diabetes drugs under development. Novo Nordisk informed that the pilot plant will be fully operational by late 2016 and will be run by CMC Supply (Chemistry, Manufacturing and Control Supply) - a unit within Novo Nordisk R&D. The full analyst notes on Novo Nordisk A/S are available to download free of charge at:
http://www.AnalystsReview.com/03272014/NVO/report.pdf
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HEALTHSOUTH Corp. Analyst Notes
On March 20, 2014, HEALTHSOUTH Corporation (HealthSouth) announced that it will report its Q1 2014 financial results on April 28, 2014, after the market close. The Company added that in conjunction with the earnings release, it will host an investor conference call at 9:00 a.m. ET on April 29, 2014, Tuesday, to discuss the results. Additionally, HealthSouth stated that the webcast of the conference call, as well as its replay, will be available at the Company's website. The full analyst notes on HEALTHSOUTH Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03272014/HLS/report.pdf
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Albany Molecular Research Inc. Analyst Notes
On March 24, 2014, Albany Molecular Research Inc. (AMRI) announced the signing of a definitive agreement for acquisition of all the outstanding shares of Cedarburg Pharmaceuticals, Inc. (Cedarburg) for $38.2 million in cash, in a transaction valued at $41 million. Commenting on the acquisition, William S. Marth, AMRI's President and CEO, stated, "We are very excited to be joining efforts with Cedarburg as they bring a unique blend of expertise in complex API, a scalable business infrastructure and extensive customer relationships that will augment our existing capabilities and services. This transaction represents an important first step in building out our API capabilities, broadens our offerings and customer base and provides us with an ideal platform to pursue additional value creation opportunities." The Company informed that it expects the transaction to close in early April 2014. AMRI stated that the acquisition is expected to add between $13 million and $14 million to its 2014 revenue, based on the anticipated timing of the close. The Company added that it also anticipates the acquisition to be accretive to its 2014 adjusted diluted EPS in the range of $0.06 to $0.07 per share. The full analyst notes on Albany Molecular Research Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03272014/AMRI/report.pdf
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Abiomed Inc. Analyst Notes
On March 20, 2014, Abiomed, Inc. (Abiomed) announced that it has completed the patient enrollment in RECOVER RIGHT, an Investigational Device Exemption (IDE) study of Impella® RP (Right Peripheral). The Company stated that the trial was designed to enroll 30 patients, at 15 sites, for up to 14 days of circulatory support. Commenting on the enrollment completion, Michael R. Minogue, Chairman, President and CEO of Abiomed stated, "We are extremely grateful for the support from the study's principal investigators, Dr. Mark Anderson, at Einstein Medical Center Philadelphia and Dr. William O'Neill at Henry Ford Hospital, as well as the other investigators involved in this trial. The dedication from these investigators has led to the completion of patient enrollment and will enable data analysis and submission for a HDE with anticipated approval in early 2015." Abiomed added that after the completion of patient enrollment, the Company will submit the compiled data and seek approval for a Continuous Access Protocol to enable the 15 approved Impella RP sites to continue enrolling a limited number of patients that meet the criteria and protocol. The full analyst notes on Abiomed Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03272014/ABMD/report.pdf
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Geron Corporation Analyst Notes
On March 20, 2014, Geron Corp. (Geron) announced that patients currently enrolled in the investigator-sponsored clinical trial of imetelstat in myelofibrosis (Myelofibrosis IST) who are deriving clinical benefit may continue imetelstat treatment under a partial clinical hold placed by the U.S. Food and Drug Administration (FDA). The Company informed that a partial clinical hold means that no new patients may be enrolled into the Myelofibrosis IST, and patients currently enrolled must demonstrate that they are deriving clinical benefit in order to continue taking imetelstat. Geron stated that the reason cited by the FDA for the partial clinical hold was that a safety signal of hepatotoxicity had been identified in clinical trials of imetelstat, and that it is not known if this hepatotoxicity is reversible. The Company added that it expects to provide an update regarding its clinical hold during the first quarter conference call. The full analyst notes on Geron Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03272014/GERN/report.pdf
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