NEW YORK, June 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Akorn, Inc. (NASDAQ: AKRX), Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK), Avanir Pharmaceuticals (NASDAQ: AVNR), Omeros Corporation (NASDAQ: OMER) and TG Therapeutics, Inc. (NASDAQ: TGTX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4189-100free.
Akorn, Inc. Analyst Notes
On June 20, 2014, Akorn, Inc. (Akorn) announced the completion of the sale of its subsidiary, ECR Pharmaceuticals (ECR) to Valeant Pharmaceuticals for $41 million in cash and assumption of certain liabilities. Raj Rai, Akorn's CEO, commented, "While ECR is a solid platform of branded products, it is not a strategic fit to our business model of focusing on niche dosage forms. We believe this asset has better prospects for future growth and development under the leadership of a company like Valeant." According to the Company, in the light of the divestiture, Akorn will update its financial guidance during its Q2 FY 2014 earnings call, which is scheduled to be held in early August 2014. The full analyst notes on Akorn are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/AKRX/report.pdf
Merrimack Pharmaceuticals, Inc. Analyst Notes
On June 19, 2014, Merrimack Pharmaceuticals, Inc. (Merrimack) announced that it has reached an agreement with Sanofi to regain worldwide rights for the development and commercialization of MM-121, which is a monoclonal antibody designed to block ErbB3 (HER3) activation in patients with heregulin-positive tumors and improve response to standard of care treatments. "We are grateful for Sanofi's support over the last five years and believe that the data generated through this partnership validate the potential for MM-121 to help patients most at risk for progression on current therapies. Regaining MM-121 is an opportunity to capitalize on our leadership position among the other oncology companies that are pursuing ErbB3," said Robert Mulroy, President and CEO at Merrimack. "With these data and the feedback we've received from our committed investigators, we believe MM-121 has the potential to be a foundational therapy for use across multiple solid tumor types and we plan to continue its development through subsequent strategic partnerships. Our next step is to discuss our Phase 2 data and potential registration paths with the FDA." The full analyst notes on Merrimack are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/MACK/report.pdf
Avanir Pharmaceuticals Analyst Notes
On June 24, 2014, Avanir Pharmaceuticals, Inc. (Avanir) announced that it will present data in relation to the safety and efficacy of AVP-825, a Breath-Powered™ Nasal Delivery of Powdered Sumatriptan for the acute treatment of migraine. The Company informed that the data presentation will take place at the American Headache Society's 56th Annual Scientific Meeting, which will be held from June 26 to 29, 2014 in Los Angeles. The session entitled: A Randomized, Double-Blind, Double-Dummy, Active-Comparator Crossover Study of Breath-Powered Nasal Delivery of Sumatriptan Powder (AVP-825) in the Treatment of Acute Migraine (The COMPASS Study) will be held on June 28, 2014 at 12:30 p.m. PDTwhile the Breath-Powered Nasal Delivery of Sumatriptan Powder (AVP-825): An Exploratory Analysis of Response in Migraine Patients Grouped by Baseline Headache Intensity from the Phase 3 TARGET Study will be held on the same day on June 28, 2014 at 12:30 p.m. PDT. The full analyst notes on Avanir are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/AVNR/report.pdf
Omeros Corporation Analyst Notes
On June 24, 2014, Omeros Corp.'s stock increased 4.43% to end the day at $16.04 compared to the previous day's closing price of $15.36. The Company's stock increased 13.36% over the past five trading days compared to the Nasdaq Composite which rose 0.30% and compared to the Dow Jones Industrial Average which rose 0.06% during the same trading period. The full analyst notes on Omeros are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/OMER/report.pdf
TG Therapeutics, Inc. Analyst Notes
On June 24, 2014, TG therapeutics, Inc. (TG Therapeutics) announced that it has reached an agreement with Ligand Pharmaceuticals Inc. (Ligand) to license exclusive global rights for the development and commercialization of Ligand's Interleukin-1 Receptor Associated Kinase 4 (IRAK4) inhibitor research program. IRAK4 is a key component of signaling pathways, which regulate immune and inflammatory processes suggesting that inhibition of IRAK4 may also be useful in the treatment of autoimmune related disorders. Under the terms of agreement, Ligand will receive an up-front licensing fee of 125,000 unregistered shares of TG Therapeutics' common stock. In addition, TG Therapeutics will make development and sales-based milestone payments and will pay a tiered, mid-to-high single digit royalty on net sales. The full analyst notes on TG Therapeutics are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/TGTX/report.pdf
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