BioCentury on BioBusiness,
Analyst Picks & Changes
Analyst picks & changes
Published on
Monday, March 26, 2012
|
Company
|
Bank
|
Analyst
|
Coverage
|
Opinion
|
Wk
chg
|
3/23
cls
|
|
Addex
Therapeutics (SIX:ADXN)
|
Jefferies
|
Peter
Welford
|
Upgrade
|
Buy
(from hold)
|
65%
|
CHF10.50
|
|
Welford
also raised his target to CHF18 from CHF7 after Addex reported positive topline
Phase IIa data for oral dipraglurant-IR plus levodopa to treat Parkinson's
disease levodopa-induced dyskinesia (PD-LID). He believes "a partnering
deal is likely this year, which could drive further upside, and reduce any
potential funding overhang." Welford raised his peak sales of
dipraglurant-IR in PD-LID to $800M from $450M. The product is an
immediate-release formulation of a negative allosteric modulator of
metabotropic glutamate receptor subtype 5 (mGluR5) (see "Back
in Black," A14).
|
|
Affymax
Inc. (NASDAQ:AFFY)
|
Rodman
|
Michael
King
|
New
|
Market
outperform
|
20%
|
$13.42
|
|
King
set a $20 target. He believes approval of anemia compound peginesatide is "likely"
by the March 27 PDUFA date. King also said market uptake of peginesatide will
be aided by the once-monthly dosing vs. the average 13 times per month dosing
of Epogen epoetin alfa from Amgen Inc. (NASDAQ:AMGN). Peginesatide, a
synthetic peptide-based erythropoiesis-stimulating agent (ESA), is partnered
with Takeda Pharmaceutical Co. Ltd. (Tokyo:4502).
|
182
words displayed of
729
words total.
To read this article, you must be an Archives subscriber. Please choose one of the options below.
All contents Copyright © 1993-2013 BioCentury Publications, Inc. ALL RIGHTS RESERVED. All use of this Web Site and its contents is governed by the BioCentury User Agreement and the BioCentury Terms of Use. The contents of this Web Site are protected under U.S. and foreign copyright and intellectual property laws, and no part of this Web Site or its contents may be photocopied, reproduced or retransmitted in any form without the written consent of BioCentury, which may be requested from Reprints/Permissions at www.biocentury.com. BioCentury®; The Bernstein Report on BioBusiness™; The BioCentury 100™; The Clear Route to ROI™; Because Real Intelligence is Hard to Find™; BCIQ™; and BioPharma's Knowledge Center™; are trademarks of BioCentury Publications, Inc., P.O. Box 1246, San Carlos, CA 94070. SciBX® and SciBX: Science-Business eXchange® are trademarks of Nature America, Inc. that are jointly used by BioCentury Publications, Inc. and Nature America, Inc.
|
Current Subscribers
If you are a current subscriber, log in below or in the upper right corner of this
page.
Log In
Subscription Option
Whether you want an individual subscription or need a global group license, we have the products,
the experience and the customer support that biopharma executives, researchers, investors, service providers,
and industry stakeholders have trusted for nearly two decades.
Let our Subscriber Services team customize the best intelligence package available in the industry to meet your needs.
Free Trial 4 Weeks of Access
Get a 4-week free trial subscription to see the important articles you are missing.
Get 4 Weeks Free
Thank You
Thanks for purchasing this article.
Please bookmark this url for future reference.
We have also sent you a confirming e-mail with a receipt and this same url for your
records.
close [ X ]