The Zacks Analyst Blog Highlights: Regeneron, Gilead, Medicines Co., AbbVie and Cadence - Siouxland News - KMEG 14 and FOX 44

The Zacks Analyst Blog Highlights: Regeneron, Gilead, Medicines Co., AbbVie and Cadence

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SOURCE Zacks Investment Research, Inc.

CHICAGO, Feb. 20, 2014 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Regeneron (Nasdaq:REGN-Free Report), Gilead (Nasdaq:GILD-Free Report), Medicines Co. (Nasdaq:MDCO-Free Report), AbbVie (NYSE:ABBV-Free Report) and Cadence (Nasdaq:CADX-Free Report).


Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday's Analyst Blog:

Biotech Stock Roundup

Last week's biotech highlights include strong results from Regeneron (Nasdaq:REGN-Free Report) and Gilead's (Nasdaq:GILD-Free Report) marketing application for its next hepatitis C virus (HCV) treatment. The Medicines Co. (Nasdaq:MDCO-Free Report) was also in the news with the FDA's advisory panel refusing to back the company's antiplatelet agent, Cangrelor.

Regeneron on a Roll: There is no stopping Regeneron which continues to impress with its performance. The company's fourth quarter results were strong and guidance encouraging. Eye drug, Eylea, remains poised for growth. An FDA decision regarding the diabetic macular edema indication should be out in August.

Regeneron expects to file for a fourth indication, macular edema following branch retinal vein occlusion, shortly. The company will also be moving to a tax-efficient operating model -- the benefits should materialize from 2017. There is definitely a lot to like about Regeneron.

GILD Already Planning for Next HCV Drug: Gilead is looking to get its once-daily fixed-dose HCV cocktail treatment -- ledipasvir (NS5A inhibitor) plus Sovaldi (nucleotide analog polymerase inhibitor) -- approved in the U.S. Approval would make this combination the first oral treatment for HCV patients with genotype 1 infection to be available in the U.S. The important thing is that patients would not need to take interferon or ribavirin (RBV), which are usually associated with greater side effects.

But competition is not far behind. AbbVie (NYSE:ABBV-Free Report) recently provided data from four additional studies that evaluated its all-oral, interferon-free therapy with/without RBV in the same patient population.

AbbVie remains on track to file for its HCV treatment early in the second quarter of 2014 and expects to gain approval this year.

Both treatments look effective with high cure rates. But Gilead's treatment is once daily while AbbVie's will require more frequent dosing. However, eventually pricing will play a role as well in share uptake.

Cadence (Nasdaq:CADX-Free Report) to Be Acquired: Mallinckrodt plc will be acquiring Cadence for $14.00 per share in cash or about $1.3 billion. The offer price represents a 32% premium to the trailing 30-trading-day volume weighted average price of $10.62 per share for Cadence. The acquisition is slated to go through in mid-to-late March. Cadence shares were up 26.5% on the news.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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