Presentation of Clinical Data, FDA Approval, Notes Offering, and Market Activity - Research Reports on Biogen Idec, Arrowhead, Salix, HCA and Shire
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NEW YORK, October 13, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Biogen Idec Inc. (NASDAQ: BIIB), Arrowhead Research Corp. (NASDAQ: ARWR), Salix Pharmaceuticals Ltd. (NASDAQ: SLXP), HCA Holdings, Inc. (NYSE: HCA) and Shire plc (NASDAQ: SHPG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7111-100free.
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Biogen Idec Inc. Research Reports
On October 8, 2014, the stock of Biogen Idec Inc. (Biogen Idec) gained 2.74% to close at $324.59, in-line with the broad market rally after U.S. Federal Open Market Committee's meeting minutes suggested that interest rates will stay near zero for a considerable time. Shares in Biogen Idec opened at $315.66, and traded in the range of $312.00 - $325.78, with a total of 1.28 million shares changing hands. The Nasdaq Biotechnology Index gained 2.90% during the session. The stock remained above its 200-day moving average of $315.21, which was below its 50-day moving average of $332.27. The full research reports on Biogen Idec are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/BIIB/report.pdf
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Arrowhead Research Corp. Research Reports
On October 8, 2014, Arrowhead Research Corp. (Arrowhead) announced that data from the ongoing Phase 2a study of ARC-520, its RNAi therapeutic candidate for the treatment of chronic hepatitis B (HBV) infection, will be presented in the late-breaking poster session at the 2014 American Association for the Study of Liver Diseases (AASLD) Liver Meeting, to be held from November 7- November 11, 2014, in Boston. "Our ongoing Phase 2a dose finding study is an important step, and in cohort 1 at a dose of 1 mg/mg and cohort 2 at 2 mg/kg we saw a clear reduction in HBsAg, the surface antigen of HBV. Data collection for HBsAg reduction in cohort 3 at 3 mg/kg is still ongoing, however we are pleased to report that all three dose levels have been well tolerated in patients," said Christopher Anzalone, Ph.D., Arrowhead's President and CEO. However, on the same day, shares of the Company plunged 43.80% to close at $7.03. According to a report by MarketWatch, the Company's stock declined as data fell short of market expectations. The full research reports on Arrowhead are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/ARWR/report.pdf
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Salix Pharmaceuticals Ltd. Research Reports
On October 8, 2014, Salix Pharmaceuticals Ltd. (Salix) announced that the U.S. Food and Drug Administration (FDA) has granted final approval to UCERIS (budesonide) rectal foam for the induction of remission in patients with active mild-to-moderate distal ulcerative colitis (UC) extending up to 40cm from the anal verge. Salix stated that UCERIS received tentative approval from the FDA on September 15, 2014 pending expiration of the 45-day waiting period which expired on October7, 2014. According to the Company, the Crohn's and Colitis Foundation of America (CCFA) estimates that UC may affect as many as 700,000 Americans. The full research reports on Salix are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/SLXP/report.pdf
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HCA Holdings, Inc. Research Reports
On October 7, 2014, HCA Holdings, Inc. (HCA) announced that its wholly owned subsidiary, HCA Inc., proposes to offer senior secured notes worth $1.5 billion. According to the Company, HCA Inc. intends to use the issue proceeds to redeem and repurchase all of the $1.4 billion aggregate principal amount outstanding of 7 ¼% senior secured notes due 2020, to pay related fees and expenses and for general corporate purposes. The Company added that actual terms of the notes will depend on market conditions at the time of pricing. BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey, UBS Investment Bank and Wells Fargo Securities are acting as the joint book-running managers for the offering. The full research reports on HCA are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/HCA/report.pdf
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Shire plc Research Reports
On October 9, 2014, Shire plc (Shire) announced that the U.S. Food and Drug Administration (FDA) has clarified that additional pediatric data would be required for resubmission of SHP 465, an investigational oral stimulant medication being evaluated as a potential treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) in adults. In April this year, FDA had told Shire that it could submit SHP 465 as a Class 2 resubmission. Shire informed that this clarification came after series of follow-up discussions with FDA, and will impact the Company's plan for a 2014 New Drug Application (NDA) resubmission for SHP 465. Shire said that SHP 465 has the potential to be an important treatment option for adults with ADHD. The full research reports on Shire are available to download free of charge at:
http://www.analystsreview.com/Oct-13-2014/SHPG/report.pdf
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