Legal Settlements, Stock Price Updates, Financial Results, and Commencement of Clinical Studies - Research Report on Johnson & Johnson, Elan, Tenet, Opko and Keryx Biopharmaceuticals Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, November 7, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Johnson & Johnson (NYSE: JNJ), Elan Corporation, plc (ADR) (NYSE: ELN), Tenet Healthcare Corp. (NYSE: THC), Opko Health Inc. (NYSE: OPK), and Keryx Biopharmaceuticals (NASDAQ: KERX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Johnson & Johnson Research Report
On November 4, 2013, Johnson & Johnson (Johnson & Johnson) and its two subsidiaries, Janssen Pharmaceuticals, Inc. (Janssen) and Scios, Inc. (Scios) jointly announced that they have finalized previously disclosed settlement agreements with the U.S. Department of Justice (DOJ) and 45 states resolving federal investigations and state Medicaid claims related to past promotional practices of RISPERDAL from 1999 through 2005, and other matters. The Company said that as a part of the resolution, Janssen will plead guilty to a single misdemeanor violation of the Food, Drug, and Cosmetic Act for past promotional practices of RISPERDAL, subject to approval by the U.S. District Court. The Company added that the agreement resolves allegations related to the sales and marketing of INVEGA, NATRECOR by Scios, Inc., as well as allegations related to Janssen's interactions with Omnicare, Inc. According to Johnson & Johnson, under the criminal resolution, Janssen will pay $400 million and plead guilty to a one-count misdemeanor misbranding charge, while Janssen and Scios, will together pay c.$1.6 billion to settle three pending civil False Claims Act cases in federal district courts related to RISPERDAL and INVEGA, NATRECOR, and Omnicare. The Full Research Report on Johnson & Johnson - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Elan Corporation, plc (ADR) Research Report
On November 4, 2013, Elan Corporation plc's (ADR) (Elan) stock rose 0.29%, ending the day at $17.05. Over the previous three trading sessions, shares of Elan gained 6.63%, outperforming the S&P 500, which gained 0.26% during the same period. The Full Research Report on Elan Corporation, plc (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Tenet Healthcare Corp. Research Report
On November 4, 2013, Tenet Healthcare Corp. (Tenet) reported its Q3 2013 financial results. The Company's net operating revenues increased 8.4% YoY to $2.4 billion during the quarter. Net income attributable to Tenet was $28 million or $0.27 per diluted share in Q3 2013, compared to net income attributable to Tenet of $40 or $0.37 per diluted share in Q3 2012. Commenting on the results, Trevor Fetter, President and CEO, said, "We delivered strong growth in outpatient visits, emergency department volumes, and total surgeries in the quarter, all of which are areas of strategic focus. In addition, our Conifer services business continues to thrive, reporting a 50 percent increase in EBITDA compared to last year's third quarter. Conifer recorded revenues of $225 million, an increase of 84 percent. On October 1, we completed our acquisition of Vanguard Health Systems, which further strengthens our competitive position for future growth. The integration of Vanguard's operations is proceeding smoothly and we are excited about the additional strengths this acquisition brings to our Company." The Full Research Report on Tenet Healthcare Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Opko Health Inc. Research Report
On November 4, 2013, Opko Health Inc. (Opko) announced that it has commenced a pivotal, multi-center clinical validation study for the Company's proprietary 4Kscore test for the prediction of prostate cancer prior to prostate biopsy. According to the Company, the OPKO multi-center study is expected to produce data to support the launch of the 4Kscore test as a laboratory developed test through the Company's CLIA laboratory in Nashville, Tennessee. Opko said that it has begun enrolling patients at the first of 13 sites across the United States and is planning to enroll more than 1,200 patients referred for a biopsy over the course of the next few months. Davis Okrongly, Ph.D., President of OPKO Diagnostics, said, "Our clinical study with over 15 of the leading and largest urology centers across the United States is the last step before our commercial launch of the 4Kscore™ in the first quarter of 2014. The data we generate in this clinical study will not only be used for the required CLIA validation, but will also provide important data for securing 4Kscore™ reimbursement." The Full Research Report on Opko Health Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Keryx Biopharmaceuticals Research Report
On November 4, 2013, Keryx Biopharmaceuticals (Keryx Biopharmaceuticals) reported its Q3 2013 financial results. Net loss was $15.7 million or $0.19 per diluted share in Q3 2013, compared to net loss of $5.5 million or $0.08 per diluted share in Q3 2012. Ron Bentsur, CEO of Keryx Biopharmaceuticals, said, "The last few months have been very exciting for the Company. We submitted the Zerenex NDA, which filing has now been accepted by the FDA for review, and has been assigned a PDUFA goal date of June 7, 2014. Additionally, we have been actively building our commercial infrastructure with seasoned professionals in the dialysis and chronic kidney disease therapeutic areas to support the anticipated launch in mid-2014." The Full Research Report on Keryx Biopharmaceuticals - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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