Returning Value to Shareholders through Dividends, Strong Financial Results, and Regulatory Approvals - Research Report on Lilly, Illumina, Regeneron, Teva, and Vanda Pharmaceuticals
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NEW YORK, October 24, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Eli Lilly & Co. (NYSE: LLY), Illumina, Inc. (NASDAQ: ILMN), Regeneron Pharmaceuticals Inc. (NASDAQ: REGN), Teva Pharmaceutical Industries Ltd. (NYSE: TEVA), and Vanda Pharmaceuticals Inc. (NASDAQ: VNDA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Eli Lilly & Co. Research Report
On October 21, 2013, Eli Lilly & Co. (Lilly) announced that the Company's Board of Directors has approved a quarterly dividend for Q4 2013 of $0.49 per share on outstanding common stock. The Company said that the dividend is payable on December 10, 2013, to shareholders of record at the close of business on November 15, 2013. The Full Research Report on Eli Lilly & Co. - 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/977d_LLY]
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Illumina, Inc. Research Report
On October 21, 2013, Illumina, Inc. (Illumina) announced its Q3 FY 2013 financial results (period ended September 29, 2013). The Company's total revenue increased 24.8% YoY to $356.8 million during the quarter. Net income was $31.4 million or $0.22 per diluted share in Q3 FY 2013, compared to net income of $29.7 million or $0.22 per diluted share in Q3 FY 2012. Commenting on the results, Illumina's President and CEO Jay Flatley, said, "These results highlight another quarter of solid operational execution and record financial performance. We continue to be pleased with the robust global trends demonstrated by our business and believe we are positioned to continue to deliver strong growth." The Company expects FY 2013 revenue growth of approximately 22% YoY. The Company also expects FY 2013 non-GAAP fully diluted EPS of $1.75 to $1.77, including the impact of the acquisitions of Verinata and Advanced Liquid Logic. The Full Research Report on Illumina, 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/3cf2_ILMN]
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Regeneron Pharmaceuticals Inc. Research Report
On October 21, 2013, Regeneron Pharmaceuticals Inc. (Regeneron) announced topline results for EYLEA (aflibercept) Injection from the Phase 3 VIBRANT study in patients with Macular Edema following Branch Retinal Vein Occlusion (BRVO). The Company revealed that in this trial, 53% of patients who received EYLEA 2 milligram (mg) every four weeks gained at least 15 letters in vision from baseline at week 24, the primary endpoint of the study, compared to 27% of patients who received laser, a standard-of-care treatment (p < 0.001). In addition, Regeneron said that patients who received EYLEA 2 mg every four weeks achieved a 17.0 letter mean improvement over baseline in best corrected visual acuity (BCVA) compared to a 6.9 letter mean improvement in patients who received laser (p <0.0001), which was a key secondary endpoint of the study. Regeneron said that it intends to submit a regulatory application for marketing approval for macular edema following BRVO in the US within the next several months. The Full Research Report on Regeneron 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/8ea7_REGN]
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Teva Pharmaceutical Industries Ltd. Research Report
On October 14, 2013, Teva Pharmaceutical Industries Ltd. (Teva) announced that the US Food and Drug Administration has approved the generic equivalent of TOBI (Tobramycin Inhalation Solution USP) in the United States. The Company said that under an agreement with Novartis on the product, it expects to launch the product in late November 2013. Teva added that marketed by Novartis, TOBI had annual sales of approximately $350 million in the United States, according to IMS data as of June 30, 2013. The Full Research Report on Teva Pharmaceutical Industries Ltd. - 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/e3a3_TEVA]
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Vanda Pharmaceuticals Inc. Research Report
On October 21, 2013, Vanda Pharmaceuticals Inc. (Vanda Pharmaceuticals) announced that the Company will release results for Q3 2013 on November 7, 2013, before the market opens. In addition, Vanda Pharmaceuticals will host a conference call at 10:00 a.m. ET on the same day, during which Vanda management will discuss the Company's financial results. In a release published on July 31, 2013, Vanda Pharmaceuticals had affirmed its full-year 2013 guidance. The Company expects full-year 2013 decrease in Cash to be between $45.0 million and $50.0 million and full-year total operating expenses to be between $57.0 million and $62.0 million. The Full Research Report on Vanda 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/b5ad_VNDA]
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