Financial Reports, Partnerships, Settlement Agreements, and Strategic Acquisitions - Research Report on Mallinckrodt, WellCare, Mindray, Oxygen Biotherapeutics, and Novavax
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NEW YORK, November 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Mallinckrodt plc (NYSE: MNK), WellCare Health Plans, Inc. (NYSE: WCG), Mindray Medical International Limited (NYSE: MR), Oxygen Biotherapeutics, Inc. (NASDAQ: OXBT), and Novavax, Inc. (NASDAQ: NVAX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Mallinckrodt plc Research Report
On November 7, 2013, Mallinckrodt plc (Mallinckrodt) released its Q4 FY 2013 and full-year FY 2013 results (period ended September 27, 2013). Mallinckrodt registered net sales of $552.2 million, up 7.6% YoY in Q4 FY 2013, and net sales of $2.2 billion, also up 7.6% YoY in full-year FY 2013. The Company posted net income of $35.8 million, or $0.62 per share in Q4 FY 2013, compared with 26.2 million, or $0.45 per share in Q4 FY 2012. For full year FY 2013, net income came in at $61.1 million or $1.06 per share, down from $134.6 million or $2.33 per share in full-year FY 2012. Commenting on the results, Mark Trudeau, President and CEO of Mallinckrodt, said, "Our Specialty Pharmaceuticals segment posted strong increases in net sales and operating income, benefiting from higher-margin products in our Brands and Generics portfolios. Looking forward, we are optimistic that successful development of our pipeline will result in launching important new drugs in the market, further driving Specialty Pharmaceuticals segment growth over the long term. We are also fully committed to increasing profitability through company-wide operating efficiencies and growth plans that include targeted international markets." The Full Research Report on Mallinckrodt plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/24f6_MNK
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WellCare Health Plans, Inc. Research Report
On November 14, 2013, WellCare Health Plans, Inc. (WellCare) reported that the Company supported the American Diabetes Association's Step Out: Walk to Stop Diabetes event in Atlanta on November 9, 2013, to raise awareness and funds to help the nearly 26 million people across the country that are living with the disease. Rená B. Cozart, Executive Director, American Diabetes Association, commented, "The American Diabetes Association, Atlanta/North Georgia Region, is grateful to WellCare for raising awareness through its participation in Atlanta's Step Out: Walk to Stop Diabetes and its sponsorship of Team Red." The Full Research Report on WellCare Health Plans, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/be48_WCG
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Mindray Medical International Limited Research Report
On November 12, 2013, Mindray Medical International Limited (Mindray) announced a settlement agreement with Beckman Coulter Inc. Mindray reported that Shenzhen Mindray Bio-Medical Electronics Co., Ltd., a subsidiary of Mindray, entered into a settlement agreement related to an ordinary course commercial dispute with an OEM manufacturing customer, Beckman Coulter Inc. on November 11, 2013. The Company informed that in connection with this settlement, it will take a litigation related charge of approximately $15 million in Q4 2013. According to the Company, the commercial dispute did not involve intellectual property or product liability matters, and Mindray has determined that the related termination of the OEM arrangement is not material to its business or operations. The Full Research Report on Mindray Medical International Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/8d4d_MR
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Oxygen Biotherapeutics, Inc. Research Report
On November 14, 2013, Oxygen Biotherapeutics, Inc. (Oxygen Biotherapeutics) announced that it has closed the acquisition of certain assets of Phyxius Pharma, a privately-held biopharmaceutical company focused on the development and near-term commercialization of levosimendan. Pursuant to the purchase agreement, Oxygen Biotherapeutics reported that it has acquired the exclusive rights to develop and commercialize levosimendan in North America, and will welcome three key Phyxius Pharma executives into its management team. The Full Research Report on Oxygen Biotherapeutics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/5700_OXBT
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Novavax, Inc. Research Report
On November 12, 2013, Novavax, Inc. (Novavax) released its Q3 2013 results. Novavax registered total revenues of $4.8 million in Q3 2013, down 16.7% YoY. The Company posted net loss of $15.3 million in Q3 2013, compared to net loss of $7.2 million in Q3 2012. Also, Novavax reported diluted loss per share of $0.09 in Q3 2013, compared to diluted loss per share of $0.05 in Q3 2012. The Full Research Report on Novavax, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.AnalystsCorner.com/r/full_research_report/bc35_NVAX
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