NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding InterMune Inc. (NASDAQ: ITMN), Actavis Plc (NYSE: ACT), Bristol-Myers Squibb Co. (NYSE: BMY), AbbVie Inc. (NYSE: ABBV) and Illumina Inc. (NASDAQ: ILMN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2807-100free.
InterMune Inc. Analyst Notes
On May 18, 2014, InterMune Inc. (InterMune) informed that the results from the Phase III ASCEND study evaluating pirfenidone in patients with idiopathic pulmonary fibrosis were presented at the International Conference of the American Thoracic Society in San Diego, and published on-line in the New England Journal of Medicine. Dan Welch, Chairman, CEO and President of InterMune, said, "The presentation of the ASCEND results at ATS and publication in the New England Journal of Medicine represents an important milestone in the decade of clinical research we have conducted on pirfenidone. The study results provide strong evidence of pirfenidone's robust treatment effects and augment its already well-established safety and tolerability profile. We currently intend to resubmit the pirfenidone New Drug Application to the U.S. FDA in the coming weeks." InterMune's stock rallied 13.44% in the following day's trading session, May 19, 2014, ending trade at $38.92. The full analyst notes on InterMune are available to download free of charge at:
Actavis Plc Analyst Notes
On May 15, 2014, Actavis Plc (Actavis) announced that the Company has extended its exclusive agreement with Janssen Pharmaceuticals, Inc. (JPI), which is set to expire in December 31, 2014, to continue the supply of authorized generic version of JPI's Concerta. According to the terms of the renewed agreement, JPI will continue to manufacture and supply Actavis with all dosage strengths of the authorized generic product, and Actavis will continue to market and distribute the product in the U.S. In addition, Actavis informed that it may file an abbreviated new drug application (ANDA) for a generic version of Concerta with the U.S. Food and Drug Administration and may launch its own ANDA product at the conclusion of the exclusive supply agreement. The revenues from the sale of the drug will be divided equally among both the companies. The extended agreement is valid till December 31, 2017 The full analyst notes on Actavis are available to download free of charge at:
Bristol-Myers Squibb Co. Analyst Notes
On May 19, 2014, Bristol-Myers Squibb Co. (Bristol-Myers) and AbbVie jointly announced that the U.S. Food and Drug Administration (FDA) has granted elotuzumab - an investigational humanized monoclonal antibody, Breakthrough Therapy Designation for use in combination with lenalidomide and dexamethasone for the treatment of multiple myeloma in patients who have received one or more prior therapies. According to the Companies, the designation is based on findings from a randomized Phase II, open-label study that evaluated two dose levels of elotuzumab in combination with lenalidomide and low-dose dexamethasone in previously-treated patients, including the 10 mg/kg dose that is being studied in Phase III trials. Michael Giordano, Senior Vice President, Head of Development, Oncology & Immunosciences, Bristol-Myers, said, "This Breakthrough Therapy Designation underscores the potential of elotuzumab in this setting and reinforces Bristol-Myers Squibb's longstanding commitment to the research and development of novel medicines to treat hematologic malignancies." The full analyst notes on Bristol-Myers are available to download free of charge at:
AbbVie Inc. Analyst Notes
On May 15, 2014, AbbVie Inc. (AbbVie) announced that it has named Michael Severino, M.D. as its new Executive Vice President, Research and Development (R&D) and Chief Scientific Officer. In his new role, Mr. Severino will lead the R&D, Medical Affairs and Regulatory Affairs organizations at AbbVie. Further, Severino will bring insights and expertise from his career spanning genomics and development within the biotech industry. Prior to joining AbbVie, Severino, most recently, served as the Senior Vice President and Chief Medical Officer, at Amgen. Commenting on the appointment, Richard A. Gonzalez, Chairman and CEO, AbbVie, said, "We are fortunate to have a leader of his caliber to steer our efforts to develop treatments for today's toughest health challenges. He will be instrumental in moving our pipeline and strategy forward." The full analyst notes on AbbVie are available to download free of charge at:
Illumina Inc. Analyst Notes
Illumina Inc. (Illumina) posted on the Events Details section of its official website that the Company will host its Annual Shareholder Meeting on May 28, 2014 at 10:00 a.m. PT. Besides, Illumina will participate in the upcoming Bank of America Merrill Lynch Global Technology Conference on June 3, 2014 at 4:20 p.m. PT at The Ritz-Carlton Hotel, San Francisco, California. The full analyst notes on Illumina are available to download free of charge at:
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