Patient Enrollments, Board Appointments, Acquisitions, and Technical Updates - Analyst Notes on Questcor, Synta, Clovis, Alnylam and Intrexon
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NEW YORK, July 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), Synta Pharmaceuticals Corp. (NASDAQ: SNTA), Clovis Oncology, Inc. (NASDAQ: CLVS), Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) and Intrexon Corporation (NYSE: XON). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4522-100free.
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Questcor Pharmaceuticals, Inc. Analyst Notes
On July 3, 2014, Questcor Pharmaceuticals Inc.'s (Questcor) stock increased 2.76% to end the day at $95.00.The Company's stock rose 1.95% over the past five trading days compared to the Nasdaq Composite which rose 2.70% during the same trading period. The full analyst notes on Questcor are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/QCOR/report.pdf
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Synta Pharmaceuticals Corp. Analyst Notes
On July 3, 2014, Synta Pharmaceuticals Corp. (Synta) stock increased 7.91% to end the day at $4.50 compared to the previous day's closing price of $4.17, making it one of the top gainers for the day. The Company's stock gained 10.02% over the past three trading days compared to the Nasdaq Composite which rose 1.76% during the same trading period. The full analyst notes on Synta are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/SNTA/report.pdf
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Clovis Oncology, Inc. Analyst Notes
On June 23, 2014, Clovis Oncology, Inc. (Clovis) announced the successful first patient enrollment in its TIGER2 study. "We are pleased to begin enrolling TIGER2, our registration study for CO-1686 focused on T790M positive patients who have progressed following their first EGFR-targeted therapy," said Patrick J. Mahaffy, President and CEO of Clovis. "The CO-1686 data observed to date have been highly consistent, including the growing evidence of a lengthy duration of benefit and the tolerability profile of the drug. We remain committed to filing an NDA by mid-2015 based on this study and the ongoing TIGERX expansion cohorts." According to the Company, CO-1686 is the Company's novel, oral, targeted covalent (irreversible) inhibitor of mutant forms of the epidermal growth factor receptor (EGFR) for the treatment of non-small cell lung cancer (NSCLC) in patients with initial activating EGFR mutations as well as the dominant resistance mutation T790M. The full analyst notes on Clovis are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/CLVS/report.pdf
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Alnylam Pharmaceuticals, Inc. Analyst Notes
On July 2, 2014, Alnylam Pharmaceuticals, Inc. (Alnylam) announced that it has elected Amy W. Schulman to the Company's Board of Directors. According to the Company, Ms. Schulman is the former Executive Vice President and General Counsel of Pfizer Inc., and she also served as the Business Unit Lead for Pfizer's Consumer Healthcare business. John Maraganore, Ph.D., CEO of Alnylam said, "Amy is a recognized leader in the development and growth of global pharmaceutical businesses, and she will bring this expertise to our Board as we continue to build Alnylam as a leading biotechnology company. As the former General Counsel at Pfizer, Amy also brings deep legal expertise to our Board. Given our robust clinical progress and our potential transition to a commercial company in the coming years, Amy's addition to our Board comes at an opportune time as we advance RNAi therapeutics to patients." The full analyst notes on Alnylam are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/ALNY/report.pdf
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Intrexon Corporation Analyst Notes
On July 1, 2014, Intrexon Corp. (Intrexon) announced that it has entered into a definitive agreement to acquire Trans Ova Genetics, L.C., (Trans Ova). Under the terms of agreement, Trans Ova will become a wholly owned subsidiary of Intrexon under the leadership of David Faber and his current management team. Further, Trans Ova stockholders will also receive approximately $60 million in upfront cash, $30 million in Intrexon common stock, and deferred payments of up to $20 million."Intrexon's mission is consistent with our own as we have sought to enable efficient, high-quality food production that supports the necessities of a growing global population in a sustainable way," said David Faber, D.V.M., President, Trans Ova. According to the Company, in FY 2013 Trans Ova generated revenues of $63.3 million and net income of $4.87 million. Intrexon expects the transaction to be completed in Q3 2014, subject to customary closing conditions. The full analyst notes on Intrexon are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/XON/report.pdf
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