Preliminary Financial Results, Quarterly Reports and Upcoming Conference Schedules - Research Report on Avanir, BioScrip, Chemed, Foundation Medicine, and Antares

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Nov 11, 2013, 08:00 ET

NEW YORK, November 11, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR), BioScrip, Inc. (NASDAQ: BIOS), Chemed Corporation (NYSE: CHE), Foundation Medicine, Inc. (NASDAQ: FMI), and Antares Pharma, Inc. (NASDAQ: ATRS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Avanir Pharmaceuticals, Inc. Research Report

On October 29, 2013, Avanir Pharmaceuticals, Inc. (Avanir) reported preliminary financial information for full-year FY 2013 (period ended September 30, 2013). Based on the preliminary financial information reported by the Company, total gross revenues for full-year FY 2013 are estimated to be nearly $95.9 million, while net revenues are estimated to be between $75.3 million to $76.3 million. "We are delighted with the progress of our NUEDEXTA PBA commercial business this year," said Keith Katkin, President and CEO of Avanir. "In addition, the R&D team has made great progress with our pipeline. We now have three active phase II studies of AVP-923 including MS neuropathic pain, Alzheimer's agitation, and the recently announced levodopa-induced dyskinesias in Parkinson's disease. We continue to expect top-line data from our PRIME study in MS neuropathic pain later this calendar year." The Full Research Report on Avanir Pharmaceuticals, 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/2ee8_AVNR]

BioScrip, Inc. Research Report

On November 6, 2013, BioScrip, Inc. (BioScrip) reported its Q3 2013 financial results. During the quarter, the Company's revenue increased 22.6% YoY to $208.9 million. Q3 2013 net loss from continuing operations was $22.4 million, or $0.35 per diluted share, compared with a net loss of $0.6 million or $0.01 per diluted share, in Q3 2012. "Our core infusion business continued to deliver strong margins and double-digit organic revenue growth in the third quarter," said Rick Smith, President and CEO of BioScrip. "We closed the CarePoint acquisition during the quarter and our acquisitions are on track to achieve their targeted range of 12 to 14 percent long-term EBITDA margins, once fully integrated. These underlying results demonstrate our success in implementing our plan to deliver growth across a national infusion footprint." The Full Research Report on BioScrip, 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/4879_BIOS]

Chemed Corporation Research Report

On November 6, 2013, Chemed Corporation (Chemed) announced that it will make a presentation at the 2013 Credit Suisse Healthcare Conference. The Company informed that the presentation will take place on November 12, 2013 at approximately 8:00 a.m. MT at the Phoenician Hotel in Scottsdale, AZ. The presentation will be webcast live and can be accessed through the Chemed website. The Full Research Report on Chemed 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/4c0d_CHE]

Foundation Medicine, Inc. Research Report

On November 6, 2013, Foundation Medicine, Inc. (Foundation Medicine) reported its Q3 2013 financial results. During the quarter, the Company's revenues totaled $8.2 million, up 170.3% YoY. The Company informed that more than half of its quarterly revenues came from clinical testing. Q3 2013 net loss was $12.5 million, or $3.51 loss per basic and diluted share, compared with a net loss of $5.6 million, or $2.39 per basic and diluted share, in Q3 2012. "Results in the third quarter demonstrate the growing enthusiasm in the marketplace for our fully informative genomic profile for use across all solid tumors," said Michael Pellini, M.D., President and CEO of Foundation Medicine. "We are very encouraged by the commercial traction as the utility of FoundationOne and the information it delivers garners growing recognition among oncologists, pathologists and pharmaceutical companies. In addition, the number of scientific publications generated using our molecular information platform during the quarter continues to underscore its clinical utility and value in the care of patients with cancer." The Full Research Report on Foundation Medicine, 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/d9a0_FMI]

Antares Pharma, Inc. Research Report

On November 6, 2013, Antares Pharma, Inc. (Antares) reported its Q3 2013 financial results. The Company's revenues totaled $5.5 million, down 3.1% YoY during the quarter. Q3 2013 net loss was $0.05 per basic and diluted share, compared with a net loss of $0.03 per basic and diluted share, in Q3 2012. "Last month's approval of OTREXUP represented a strategic milestone in the transformation of Antares from a royalty based business to a specialty pharmaceutical company generating potential product revenue from proprietary in-house development programs," said Paul K. Wotton, Ph.D., President and CEO of Antares. "We believe that OTREXUP could become an important part of the treatment continuum for RA patients and look forward to launching the product early in 2014." The Full Research Report on Antares Pharma, 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/2353_ATRS]

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