Market Expansion, Merger Agreements, Management Transitions, and Market Activity - Analyst Notes on Intuitive Surgical, Auxilium, Horizon Pharma, Tesaro and ArQule
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NEW YORK, July 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Intuitive Surgical, Inc. (NASDAQ: ISRG), Auxilium Pharmaceuticals Inc. (NASDAQ: AUXL), Horizon Pharma, Inc. (NASDAQ: HZNP), Tesaro, Inc. (NASDAQ: TSRO) and ArQule Inc. (NASDAQ: ARQL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4352-100free.
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Intuitive Surgical, Inc. Analyst Notes
On June 25, 2014, Intuitive Surgical, Inc. (Intuitive Surgical) announced that its da Vinci Xi Surgical System has received a CE Mark, which allows the Company to market the system in Europe and other countries requiring CE mark. "We are pleased to bring the da Vinci Xi System to market in Europe and other countries that rely on the CE Mark for marketing authorization," said Henry Charlton, Intuitive Surgical Vice President, Sales and Marketing, Europe, Middle East, India and Africa (EMEIA), Latin America, Canada and Australia. "With the CE Mark, we're expanding our customer base that has access to this exciting new technology. The da Vinci Xi System represents the most advanced option available to date as we strive to make minimally invasive surgery the global standard of care." The da Vinci Xi System is an innovation of Intuitive Surgical that replaces large-incision open surgeries with a minimally invasive approach. The full analyst notes on Intuitive Surgical are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/ISRG/report.pdf
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Auxilium Pharmaceuticals Inc. Analyst Notes
On June 26, 2014, Auxilium Pharmaceuticals Inc. (Auxilium) announced that it has entered into a definitive agreement with QLT Inc. (QLT), under which Auxilium will merge with QLT, a Canadian-based biotechnology company focused on developing innovative orphan ophthalmology products. Under the terms of the agreement, a wholly-owned subsidiary of QLT will be merged with and into Auxilium. QLT will remain incorporated in British Columbia, Canada, and will be named as "New Auxilium." The current shareholders of Auxilium will incur 3.1359 QLT shares for each Auxilium share, subject to certain adjustments. Adrian Adams, CEO and President of Auxilium, stated, "Building on Auxilium's strong foundation and commercial expertise, the merger with QLT represents a unique opportunity to accelerate our desired strategic transformation into a leading, diversified North American specialty biopharmaceutical company." The transaction is expected to drive shareholder value creation by accelerating Auxilium's ongoing transformation into a leading diversified North American specialty biopharmaceutical company. The full analyst notes on Auxilium are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/AUXL/report.pdf
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Horizon Pharma, Inc. Analyst Notes
On June 18, 2014, Horizon Pharma, Inc. (Horizon Pharma) announced the retirement of Robert J. De Vaere from his current position of Chief Financial Officer. His retirement will be effective on September 30, 2014. Further, the Company announced the appointment of Paul W. Hoelscher as Executive Vice President, Finance, effective June 23, 2014, and its Chief Financial Officer, effective October 1, 2014. Mr. Hoelscher joins Horizon from OfficeMax, Inc. where he most recently served as Senior Vice President, Finance and was co-lead in integration planning activities related to its recent merger with Office Depot. The full analyst notes on Horizon Pharma are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/HZNP/report.pdf
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Tesaro, Inc. Analyst Notes
On June 27, 2014, Tesaro Inc.'s (Tesaro) stock increased 2.96% to end the day at $29.88, compared to the previous day's closing price at $29.02. The Company's stock grew 1.53% over the past three trading days, compared to the Nasdaq Composite which rose 1.09% during the same trading period. The full analyst notes on Tesaro are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/TSRO/report.pdf
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ArQule Inc. Analyst Notes
On June 27, 2014, ArQule Inc. (ArQule) stock ended the day at $1.46 compared to the previous day's closing price at $1.42, representing a 2.82% growth. The Company's stock increased 4.29% over the past one trading month compared to the Nasdaq Composite which grew 3.80% during the same trading period. The full analyst notes on ArQule are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/ARQL/report.pdf
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