Acquisitions, Quarterly Reports, and Stock Price Movements - Research Report on Santarus, Celgene, Pharmacyclics, Quest Diagnostics, and Stryker

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Nov 13, 2013, 08:00 ET

NEW YORK, November 13, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Santarus, Inc. (NASDAQ: SNTS), Celgene Corporation (NASDAQ: CELG), Pharmacyclics, Inc. (NASDAQ: PCYC), Quest Diagnostics Inc. (NYSE: DGX), and Stryker Corporation (NYSE: SYK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Santarus, Inc. Research Report

On November 7, 2013, Santarus Inc. (Santarus) and Salix Pharmaceuticals Ltd. (Salix Pharmaceuticals) announced that the Companies have entered into a definitive merger agreement. Under the said agreement, Salix will acquire all of the outstanding common stock of Santarus for $32.00 per share in cash (without interest). Santarus reported that the all-cash transaction values the Company at approximately $2.6 billion and the $32.00 per share price represents an approximately 36% premium over Santarus' November 6, 2013 closing price of $23.53 per share and an approximately 39% premium over Santarus' average closing price for the prior 30-day period. Gerald T. Proehl, CEO, Santarus, said, "We believe the timing is right for this strategic combination with Salix, a highly respected company that is uniquely positioned to expand the commercialization of Santarus' marketed products and to continue to advance the development of our pipeline products. We welcome the opportunity Salix will provide to build on Santarus' success." The Boards of Directors of Salix and Santarus have unanimously approved the proposed transaction. The Companies expect the transaction to close in Q1 2014. The Full Research Report on Santarus, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/22f8_SNTS]

Celgene Corporation Research Report

On November 7, 2013, Celgene International Sàrl, a wholly-owned subsidiary of Celgene Corporation (Celgene), announced that data from FIRST (Frontline Investigation of Lenalidomide + Dexamethasone Versus Standard Thalidomide), its phase III study (MM-020/IFM 07-01) of REVLIMID (lenalidomide) in combination with dexamethasone in patients newly diagnosed with multiple myeloma (NDMM) ineligible for stem cell transplant will be presented on December 8, 2013, during the plenary session of the 55^th American Society of Hematology annual meeting in New Orleans, Louisiana. Celgene added that abstracts for the meeting have been released at the Society's website, and will be published in the journal Blood. Celgene further revealed that after a median follow-up of 37 months, the trial met its primary endpoint (PFS), demonstrating a 28% reduction in risk of progression or death (HR=0.72; p= 0.00006). Celgene further informed that the preplanned interim analysis of overall survival demonstrated a 22% reduction in risk of death in favor of Arm A vs. Arm C (HR=0.78, p=0.01685), without crossing the pre-specified boundary (p<0.0096). Celgene further reported that all other secondary endpoints consistently showed improvement in favor of Arm A vs. Arm C; ORR (partial response or better) 75% vs. 62% (p < 0.00001), DOR (HR=0.63; p<0.00001), and PFS2 (HR=0.78, p=0.0051). The Full Research Report on Celgene Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/7f47_CELG]

Pharmacyclics, Inc. Research Report

On November 7, 2013, Pharmacyclics Inc. (Pharmacyclics) reported its Q3 2013 financial results. The Company's total revenue declined 23.0% YoY to $79.1 million during the quarter. Net income was $42.3 million or $0.55 per diluted share in Q3 2013, compared to net income of $75.6 million or $1.02 per diluted share in Q3 2012. Commenting on the results, Bob Duggan, Pharmacyclics CEO and Chairman of the Board said, "Team Pharmacyclics has consistently improved enrollment and data submission timelines for our CLL and MCL studies over the past years. Often the clinical accomplishments are ahead of our internal expectation. Most recently we achieved an important milestone with ibrutinib's drug application now being submitted to the European authorities. Together with Janssen, our partner, we are working towards a broad clinical advancement of ibrutinib and have now focused in on making the product commercially available in all major markets around the world. Over the next several quarters, we are anticipating additional clinical and regulatory progress. We are on our way to becoming a true ally for patients and physicians, addressing serious, unmet medical health care needs for patients." The Full Research Report on Pharmacyclics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/df74_PCYC]

Quest Diagnostics Inc. Research Report

On November 8, 2013, Quest Diagnostics Inc.'s (Quest Diagnostics) stock declined 0.60%, ending the day at $63.32. Over the previous three trading sessions, shares of Quest Diagnostics gained 1.07%, outperforming the S&P 500 which gained 0.43% during the same period. The Full Research Report on Quest Diagnostics Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/05ba_DGX]

Stryker Corporation Research Report

On November 8, 2013, Stryker Corporation's (Stryker) stock rose 0.59%, ending the day at $73.33. Over the previous three trading sessions, shares of Stryker declined 0.97%, compared to the S&P 500 which gained 0.43% during the same period. The Full Research Report on Stryker Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/5b34_SYK]

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