New Clinical Trials, Pricing of Common Stock and Adjusted Conversion of Convertible Senior Notes - Research Report on Regeneron, Celldex, PDL BioPharma, Amedisys, and Exelixis
NEW YORK, December 11, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN), Celldex Therapeutics, Inc. (NASDAQ: CLDX), PDL BioPharma, Inc. (NASDAQ: PDLI), Amedisys Inc. (NASDAQ: AMED), and Exelixis, Inc. (NASDAQ: EXEL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Regeneron Pharmaceuticals, Inc. Research Report
On December 4, 2013, Regeneron Pharmaceuticals, Inc. (Regeneron) announced that the Company will host a webcast its presentation at the Oppenheimer 24th Annual Healthcare Conference on December 11, 2013. The Company informed that the presentation is scheduled for 10:05 a.m. ET which will be accessible through Regeneron's website, where an archived version of the presentation will also be available for 30 days. The Full Research Report on Regeneron Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Celldex Therapeutics, Inc. Research Report
On December 4, 2013, Celldex Therapeutics, Inc. (Celldex) announced the pricing of an underwritten public offering of 7 million shares of its common stock, offered at a price to the public of $24.50 per share for an aggregate offering of $171.5 million of common stock. According to Celldex, the Company expects the net proceeds from this offering to be approximately $162,725,000, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Celldex. The Company further informed that the underwriters have been granted a 30-day option to purchase up to an aggregate of 1,050,000 additional shares of common stock. The offering is expected to close on or about December 10, 2013, subject to customary closing conditions. The Full Research Report on Celldex Therapeutics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
PDL BioPharma, Inc. Research Report
On December 4, 2013, PDL BioPharma, Inc. (PDL BioPharma) announced that the adjusted conversion rate for the - 3.75% Convertible Senior Notes due May 1, 2015 (May 2015 Notes), is c.159.9 shares of common stock per $1,000 principal amount or approximately $6.25 per share, effective December 3, 2013; and 2.875% Series 2012 Convertible Senior Notes due February 15, 2015 (Series 2012 Notes), is c.182.6 and shares of common stock per $1,000 principal amount or approximately $5.48 per share, effective December 3, 2013. The Company further reported that the conversion rate for the May 2015 Notes was previously c.157.4 shares of common stock per $1,000 principal amount of the May 2015 Notes, and the conversion rate for the Series 2012 Notes was previously c.179.8 shares of common stock per $1,000 principal amount of the Series 2012 Notes. The Full Research Report on PDL BioPharma, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Amedisys Inc. Research Report
On December 5, 2013, Amedisys Inc. (Amedisys) announced that Senior Vice President of Finance and Treasurer, Thomas J. Dolan, will present at the 24th Annual Oppenheimer Healthcare Conference in New York, NY on December 11, 2013. Amedisys informed that the presentation is set to begin at 8:55 a.m. ET, with a live webcast available at the Company's website. The Full Research Report on Amedisys Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Exelixis, Inc. Research Report
On December 2, 2013, Exelixis, Inc. (Exelixis) announced that it has initiated a phase 2 clinical trial comparing cabozantinib plus abiraterone and prednisone (abiraterone/prednisone) versus abiraterone/prednisone in patients with castration-resistant prostate cancer (CRPC) who have bone metastases and have not been previously treated with chemotherapy. Exelixis reported that the primary endpoint for the randomized, open-label trial is radiographic progression-free survival (PFS). The Company informed that the phase 2 trial will compare abiraterone/prednisone against abiraterone/prednisone in combination with one of the three cabozantinib doses: 40 mg daily, 20 mg daily, or 20 mg every other day. The Company expects that the trial to enroll 280 chemotherapy-naïve CRPC patients who have bone metastases, and will be conducted at approximately 50 sites in North America. The Company further informed that in addition to evaluating radiographic PFS, the trial includes pre-specified outcome measures of safety and tolerability, pharmacokinetics of cabozantinib in combination with abiraterone, overall survival (OS), and bone scan response by computer-aided detection. The Full Research Report on Exelixis, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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