Financial Results, Clinical Study Updates, Clinical Trial Results, Business Spin-Offs, and New Joint Ventures - Analyst Notes on ARIAD, NewLink, Puma Biotechnology, Theravance, and Ohr Pharmaceutical
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NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding ARIAD Pharmaceuticals, Inc. (NASDAQ: ARIA), NewLink Genetics Corporation (NASDAQ: NLNK), Puma Biotechnology, Inc. (NYSE: PBYI), Theravance, Inc. (NASDAQ: THRX), and Ohr Pharmaceutical, Inc. (NASDAQ: OHRP). 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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ARIAD Pharmaceuticals, Inc. Analyst Notes
On February 25, 2014, ARIAD Pharmaceuticals, Inc. (Ariad) reported Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company's revenue totaled $8.4 million, compared with $74,000 in Q4 2012, while full-year 2013 revenue totaled $45.6 million, compared with $0.6 million in full year 2012. Q4 2013 net loss was $74.2 million, or $0.40 loss per diluted share, compared to a net loss of $60.5 million, or $0.36 loss per diluted share, in Q4 2012. Full-year 2013 net loss was $274.2 million, or $1.49 loss per diluted share, compared to a net loss of $220.9 million, or $1.34 loss per diluted share, for full-year 2012. "I am extremely pleased with the commercial and R&D progress we made in 2013, especially ending the year with Iclusig commercially available to refractory Philadelphia-positive leukemia patients in the United States. We are off to a strong start with our re-launch in the U.S. and are building momentum in Europe," said Harvey J. Berger, M.D., Chairman and CEO of ARIAD. The full analyst notes on ARIAD Pharmaceuticals, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/ARIA/report.pdf
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NewLink Genetics Corporation Analyst Notes
On March 7, 2014, NewLink Genetics Corporation (NewLink) announced that following the completion of first interim analysis of the Phase 3 IMPRESS clinical study of algenpantucel-L for patients with surgically resected pancreatic cancer, the Company's independent data safety monitoring committee recommends the continuation of the study. "As we have previously emphasized, continuation of this study was an anticipated outcome considering the high statistical threshold assigned to this first interim analysis under the special protocol assessment," said Dr. Charles Link, Chairman and CEO of NewLink. The full analyst notes on NewLink Genetics Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03122014/NLNK/report.pdf
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Puma Biotechnology, Inc. Analyst Notes
On March 5, 2014, Puma Biotechnology, Inc. (Puma Biotechnology) announced the schedule of an oral presentation to be held at the American Association for Cancer Research (AACR) Annual Meeting 2014, in which the results of the Phase II clinical trial of its investigational drug PB272 (neratinib) for the neoadjuvant treatment of breast cancer (I-SPY2 TRIAL) will be presented. The AACR event will be held on April 5-9, 2014 in San Diego, California, whereas the related presentation entitled "Neratinib plus Standard Neoadjuvant Therapy for High-Risk Breast Cancer: Efficacy Results from the I-SPY 2 TRIAL" will take place on April 7, 2014 between 10:30 a.m. and 12:30 p.m. PDT, during the session - "Clinical Trials Symposium: Biomarker Driven Clinical Trials." The full analyst notes on Puma Biotechnology, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/PBYI/report.pdf
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Theravance, Inc. Analyst Notes
On March 3, 2014, Theravance, Inc. (Theravance) announced that its intention to separate its businesses into two independent, publicly traded companies is expected to be completed in Q2 2014. Theravance also informed that it has entered into a series of agreements with Theravance Biopharma, Inc., and Glaxo Group Limited (GSK) clarifying how the companies will execute the spin-off and operate following the spin-off. "We continue to believe this separation will provide investors with the opportunity to unlock potential value from two different sets of assets, better align employee incentives and provide the opportunity for significant capital returns. Additionally, I am pleased that we recently entered into a series of agreements with GSK clarifying how the companies will operate following the separation and with the goal of bringing a portfolio of new respiratory products for the treatment of COPD and asthma to patients suffering from these debilitating diseases," said Rick E. Winningham, CEO of Theravance. The full analyst notes on Theravance, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/THRX/report.pdf
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Ohr Pharmaceutical, Inc. Analyst Notes
On March 3, 2014, Ohr Pharmaceutical, Inc. (Ohr) teamed up with Cold Spring Harbor Laboratory (CSHL) to announce the establishment of DepYmed Inc., a new joint venture to develop trodusquemine and related analogs. The Company informed that the new joint venture will be a private entity, initially with equal ownership by Ohr and CSHL. "Cold Spring Harbor Laboratory is a world class research center that has a track record of establishing successful commercial ventures in the biopharma space," said Irach Taraporewala, President and CEO of Ohr. "We are very pleased to be working with Dr. Nicholas Tonks who is one of the leading authorities on the protein tyrosine phosphatase (PTP) family of enzymes. Dr. Tonks discovered PTP1B, the primary target for trodusquemine. Setting up this joint venture is the optimal way to create shareholder value from this exciting asset and enable it to obtain the appropriate resources. At the same time, Ohr remains focused on the execution of our core strategy to develop novel ophthalmology products." The full analyst notes on Ohr Pharmaceutical, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/OHRP/report.pdf
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