Financial Results and Upcoming Conference Calls - Research Report on Ariad, Idenix, Osiris, InterMune, and Array BioPharma
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NEW YORK, November 6, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Ariad Pharmaceuticals Inc. (NASDAQ: ARIA), Idenix Pharmaceuticals Inc. (NASDAQ: IDIX), Osiris Therapeutics, Inc. (NASDAQ: OSIR), InterMune Inc. (NASDAQ: ITMN), and Array BioPharma, Inc. (NASDAQ: ARRY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Ariad Pharmaceuticals Inc. Research Report
On October 31, 2013, Ariad Pharmaceuticals Inc. (Ariad) announced the change in date of its Q3 2013 conference call from Wednesday, November 6, 2013 to Tuesday, November 12, 2013, at 8:30 a.m. EST. The Company informed that the live webcast of the call will be available under "Investor" section of its website and the replay of the same will be available for three weeks on the same location beginning approximately two hours after completion of the call. The Full Research Report on Ariad Pharmaceuticals 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/161c_ARIA]
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Idenix Pharmaceuticals Inc. Research Report
On October 30, 2013, Idenix Pharmaceuticals Inc. (Idenix) reported its Q3 2013 results. Idenix registered total revenues of $19,000 in Q3 2013, compared to $32.3 million in Q3 2012. The Company posted a net loss of c.$34 million or $0.25 per diluted share compared to a net income of $4.3 million or $0.03 per diluted share in Q3 2012. Ron Renaud, Idenix's President and CEO, said, "A key objective for our development teams has been to commence a clinical trial for our nucleotide prodrug program this year. Based on the differentiated profile we've seen in our preclinical research, we believe IDX21437 has strong potential to be a key component of a fixed-dose all-oral pan-genotypic regimen, specifically in combination therapy with our NS5A inhibitor." Idenix stated that cash and cash equivalents totaled $148.8 million for Q3 2013, compared with $251.9 million in Q3 2012, which the Company expects to be sufficient to sustain its operations through December 2014. The Full Research Report on Idenix Pharmaceuticals 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/c979_IDIX]
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Osiris Therapeutics, Inc. Research Report
On November 1, 2013, Osiris Therapeutics, Inc. (Osiris) announced its Q3 2013 results with product revenues reported at $6.9 million, up 219.9% YoY. The Company posted a net loss of $1.7 million or $0.05 per diluted share for Q3 2013, compared to $2.9 million or $0.09 per diluted share in Q3 2012. C. Randal Mills, Ph.D., President and CEO of Osiris, said, "We have now successfully transformed Osiris from a concept into a biotechnology reality with positive cash flow, expanding product sales, a strong balance sheet, no debt and a solid pipeline. Importantly, we have accomplished this with minimal dilution to our shareholders. While these results clearly set Osiris apart in the stem cell industry, the team is focused solely on realizing the opportunities ahead of us." The Full Research Report on Osiris Therapeutics, 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/82ba_OSIR]
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InterMune Inc. Research Report
On October 30, 2013, InterMune Inc. (InterMune) reported its Q3 2013 financial results. Esbriet net revenues arrived at $19.7 million representing an increase of 161.7% YoY. The Company informed that Esbriet is its product marketed in Europe and Canada for the treatment of adult patients with mild to moderate idiopathic pulmonary fibrosis. The Company posted a net loss of $49.9 million or $0.61 per basic share compared to a net loss of $40.9 million or $0.63 per basic share in Q3 2012. Dan Welch, Chairman, CEO, and President of InterMune stated, "Notably, Esbriet revenue growth in the third quarter came from both new country launches and growth in countries where the product has been available. During the quarter we launched Esbriet in Italy and the UK, two of the five largest countries in Europe, as well as in Finland and Ireland. Esbriet revenue grew in the third quarter in countries where Esbriet had previously been launched, with Germany, France, the mid-sized European countries and Canada all reporting sequential double-digit growth." For full-year 2013, the Company revised its guidance of net revenue from Esbriet to range within $60 million to $70 million. The Full Research Report on InterMune 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/dd8c_ITMN]
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Array BioPharma, Inc. Research Report
On October 31, 2013, Array BioPharma, Inc. (Array BioPharma) reported its Q1 FY 2014 results (period ended September 30, 2013). Total revenues were reported at $14.2 million, compared to $15.8 million in Q1 FY 2013. The Company posted a net loss of $15.7 million or $0.13 per diluted share, compared to a net loss of $11.8 million or $0.13 per diluted share in Q1 FY 2013. Ron Squarer, CEO of Array, stated, "Array is taking an important step today by announcing plans to initiate a Phase 3 trial in 2014 with our wholly-owned multiple myeloma asset, ARRY-520. In addition, we are excited that five registration trials are already enrolling patients with our partnered MEK inhibitors, selumetinib and MEK162, with another pivotal trial expected to start by year-end." The Full Research Report on Array BioPharma, 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/e048_ARRY]
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