Cougar Biotechnology, Inc. (NASDAQ: CGRB) is up over 5% in afternoon trading on the announcement that they will present a company update and clinical trial update at the Leerink Swann Cancer Roundtable…
Biogen Idec (NASDAQ: BIIB) is sliding marginally despite reported earnings today that showed a 23% increase in earnings riding on sales growth on Avonex and Rituxan. The earnings beat estimates and the…
GlaxoSmithKline (NYSE: GSK) has announced that it has entered into a definitive acquisition pact with Sirtris Pharmaceuticals Inc. (NASDAQ: SIRT). The drug giant will pay approximately $720 million via a cash tender…
Douglas A. McIntyre These aren’t the only impact analyst calls this morning, but these are the ones we are focusing the Tuesday in pre-market trading hours: Akamai Tech (NASDAQ: AKAM) Raised to Buy from Neutral…
Pharmacopeia (Nasdaq: PCOP) has announced that it will receive a milestone payment of $5 million from GlaxoSmithKline (NYSE: GSK), bringing the total received to over $16 million in connection with its ongoing…
Douglas A. McIntyre Markets in Europe were down at 7.35 AM New York time. The FTSE fell .2% to 5,919. GlaxoSmithKline (GSK) was down 1.2% to 1121. Next was down 4.7% to 1293. The DAXX…
These are the new combined holdings (alphabetically A-G) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: American Express (NYSE: AXP) 151.6 million shares for a value…
These are not the only analyst calls affecting stocks this morning, but these are the top calls that 247WallSt.com is focusing on: American Express (NYSE: AXP) downgraded to Market Perform from Outperform…
Markets in Europe were down slightly at 6.45 AM New York time. The FTSE was off 4% to 5,760. BP (NYSE: BP) was up 1% to 552.5. GlaxoSmithKline (NYSE: GSK) was up…
Idearc (NYSE: IAR) Big earnings miss mugs shares, Down to $11.21 from 52-week high of $38. Infineon Technologies (NYSE: IFX) German company posts weak numbers. Sells off to $7.89 from 52-week high…
Alliance Data Systems (ADS) was informed by Blackstone that conditions likely won’t be satisfied to complete the merger; stock trading down close to 40%.American Express (AXP) reports earnings today with estimates at…
Markets in Europe were up modestly at 7.10 AM The FTSE rose .6% to 6,322. GlaxoSmithKline (GSK) was up 1% to 1288. Northern Rock was down 2.2% to 88.7. Vodafone (VOD) was…
Now that the FDA has forced GlaxoSmithKline (GSK) to put a "black label" on its diabetes drug Avandia, the competition is going for a coup de grace. Takeda Pharmaceutical Co Ltd said…
Douglas A. McIntyre According to Reuters, Barclays (BCS) took a $2.7 billion write-down due to exposure to subprime markets. Reuters writes that IBM (IBM) will push into the business of running huge data centers for…
GlaxoSmithKline’s (GSK) diabetes drug Avandia has such frightening side effects that the FDA will probably make it carry a "black box" label. Studies have found that the treatment can increase risk of…
Douglas A. McIntyre