Bristol Myers Inc. (NYSE: BMY) plans to spend $2.4 billion to buy partner Medarex Inc. (Nasdaq: MEDX). It will get a great deal beyond the cancer monoclonal antibody that developed together. The Medarex…
Safety and efficacy data are critical to drug candidates. But what really makes a potential drug attractive is strong top-line data, a new biotech-based treatment, and a massive potential market. With help…
Reuters: The US may give CIT (CIT) short term loans. Reuters: Intel (INTC) issued a positive forecast and indicated that the PC market may be improving. Reuters: The US CPI was up…
DJIA component Johnson & Johnson (NYSE: JNJ) has come out with earnings slightly ahead of estimates. The medical and consumer products giant posted $1.15 EPS vs $1.11 estimates and revenues were down…
Douglas A. McIntyre Reuters: Smart investors are starting to cherry- pick stocks. Reuters: California may agree on a budget to stop using IOUs. Reuters: Some stock funds are still making up for lost ground. Reuters: The…
Reuters: Cybercrime is spreading fast on Facebook. Reuters: GM will seek to sell most of its assets to a new company. Reuters: Madoff got 150 years in prison. Reuters: AIG (AIG) shareholders will…
Underscoring just how much big pharma will depend on biotech acquisitions for future revenue, an analysis published by Evaluate Pharma today suggests half of the top 100 drugs worldwide by 2014 –…
Palomar Medical Technologies Inc. (NASDAQ: PMTI) is seeing shares surge to new heights not seen in 18-months. The company is the first to receive FDA approval for over-the-counter clearance for a new,…
These are the few top pre-market analyst downgrades or cautious research calls from Wall Street firms this Friday morning with about two hours until the market opens: Burger King (BKC) Cut to…
The first quarter of 2009 Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) holdings are now out for the cut off date here of March 31, 2009. There are some changes from…
Investors flock to defensive stocks in times of trouble and and when they worry, assuming they look to stay in the market when they are worried. But if the trend here continues,…
These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Monday morning: Amazon.com (AMZN) Raised to Buy at Citigroup. bebe Stores (BEBE) Raised to Outperform at…
According to Reuters, Obama vowed to overhaul the tax code. Reuters reports that GM (GM) is working on a plan to cut dealers at an accelerated pace. Reuters writes that China’s first…
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent…
These are the top upgrades and downgrades from Wall Street analysts this Friday morning: Expedia (EXPE) Raised to Buy at Citigroup. Ford (F) Started as Buy at UBS. Johnson & Johnson (JNJ)…
