NEW YORK, December 9, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting OncoMed Pharmaceuticals, Inc. (NASDAQ: OMED), Auxilium Pharmaceuticals Inc. (NASDAQ: AUXL), BioTelemetry Inc (NASDAQ: BEAT), Progenics Pharmaceuticals Inc. (NASDAQ: PGNX), and Ambit Biosciences Corporation (NASDAQ: AMBI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
OncoMed Pharmaceuticals, Inc. Research Report
On December 3, 2013, OncoMed Pharmaceuticals Inc. (OncoMed) announced a strategic collaboration with Celgene Corporation to jointly develop and commercialize up to six anti-cancer stem cell (CSC) product candidates from OncoMed's biologics pipeline, including demcizumab. OncoMed stated that it will control and conduct initial clinical studies at which point Celgene has an option to license worldwide rights to up to six novel anti-CSC therapeutic candidates. According to the Company, OncoMed retains global co-development and U.S. co-commercialization rights for five of the six anti-CSC product candidates with 50/50 U.S. profit sharing, and royalties to be received in other territories. Paul J. Hastings, OncoMed's Chairman and CEO said, "Through this major alliance with Celgene, we gain substantial resources that will enable us to continue to discover and develop new therapeutics independently while positioning OncoMed for substantial potential downstream value and profits. Importantly, by retaining co-development and co-commercialization rights to up to five biologic product candidates in our pipeline, we expect to add commercial capabilities to our core research and development competencies as we continue to build a premier oncology biotherapeutics company." The Full Research Report on OncoMed Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Auxilium Pharmaceuticals Inc. Research Report
On December 4, 2013, Auxilium Pharmaceuticals, Inc. (Auxilium) announced that the United States District Court for the District of Delaware granted Upsher-Smith Laboratories, Inc.'s motion for summary judgment with respect to its attempts to bring a testosterone gel product to market via its 505(b)(2) NDA using Auxilium's Testim® product as its reference listed drug. "We are very disappointed with the Court's decision," said Adrian Adams, CEO and President of Auxilium. "We remain committed to protecting and enforcing our intellectual property rights, and we are currently considering all avenues, including an appeal." The Full Research Report on Auxilium Pharmaceuticals Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
BioTelemetry Inc. Research Report
On December 4, 2013, Biotelemetry, Inc. (Biotelemetry) (formerly known as CardioNet, Inc.) announced that the Centers for Medicare and Medicaid Services has published a reduction to the reimbursement for remote cardiac monitoring services, effective from January 1, 2014. According to the Company, the aforesaid reduction will impact all providers of remote cardiac monitoring services and will result in a 13.7% decrease to the national reimbursement rate for the MCOT[TM] service. Joseph H. Capper, President and CEO of BioTelemetry, commented, "We are disappointed that CMS has taken this approach and will work hard to guide them to a more accurate assessment of the direct costs associated with these services and to the proven cost savings they deliver. However, it is important to note that this will not change the Company's strategic direction." The Full Research Report on BioTelemetry Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Progenics Pharmaceuticals Inc. Research Report
On November 25, 2013, Progenics Pharmaceuticals Inc. (Progenics) announced that it is re-launching a phase 2b clinical study of safety and efficacy of a novel targeted radiotherapy, Azedra™, in patients suffering from pheochromocytomas. Hagop Youssoufian, M.Sc., M.D., Executive Vice President of Research and Development for Progenics, said, "Azedra has the potential to be the first approved treatment for pheochromocytomas. Our team is energized by this opportunity to potentially bring a treatment option with improved dosing, safety and efficacy to patients suffering with these devastating conditions." The Company informed that after a successful completion of the phase 2b study, Progenics intends to submit a New Drug Application (NDA) and request priority review to receive FDA action on the application within six months instead of the standard ten. The Full Research Report on Progenics Pharmaceuticals Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Ambit Biosciences Corporation Research Report
On December 3, 2013, Ambit Biosciences Corp. (Ambit Biosciences) announced a regulatory update after receiving feedback from the US Food and Drug Administration (FDA) on the development of quizartinib (AC220), the Company's lead drug candidate, for the treatment of relapsed/refractory acute myeloid leukemia (AML). The Company informed that based on feedback from the FDA, Ambit Biosciences continues to move forward with its baseline plan to conduct a randomized, controlled Phase 3 clinical trial in relapsed/refractory FLT3-ITD positive AML patients with an overall survival endpoint as the basis for the potential initial approval of quizartinib. The Company added that it is continuing to work with the FDA to refine the appropriate starting dose for the Phase 3 trial. "We remain committed to moving quizartinib through its late stage development as expeditiously as possible, given the limited treatment options for FLT3 ITD positive AML patients who have relapsed or who are refractory to prior treatments," said Michael A. Martino, President and CEO of Ambit. The Full Research Report on Ambit Biosciences Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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