NEW YORK, December 18, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Incyte Corporation (NASDAQ: INCY), Novo Nordisk A/S (NYSE: NVO), Thoratec Corp. (NASDAQ: THOR), Alere Inc. (NYSE: ALR), and Kindred Healthcare Inc. (NYSE: KND). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Incyte Corporation Research Report
On December 9, 2013, Incyte Corporation (Incyte) presented the results of an interim analysis from a 12-week open-label, dose-escalation Phase II clinical trial involving more than 85 patients with intermediate or high-risk myelofibrosis (MF) for its proprietary oral JAK1 inhibitor, INCB39110, at the 2013 American Society of Hematology (ASH) Annual Meeting in New Orleans. Richard S. Levy, M.D., Incyte's Executive Vice President and Chief Drug Development and Medical Officer, stated, "With the interim analysis of this trial combined with data from two other proof-of-concept trials in rheumatoid arthritis and psoriasis, we have a better understanding of JAK1 as a disease target, and we're using this knowledge to focus the development of our broad portfolio of JAK1 inhibitors." Levy continued, "We are taking INCB39110, our most advanced JAK1 inhibitor, forward initially in solid tumors, starting with combinations that may not be as well-tolerated with a JAK1/JAK2 inhibitor as a result of the potential myelosuppressive effect of JAK2 inhibition." The Full Research Report on Incyte Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Novo Nordisk A/S Research Report
On December 10, 2013, Novo Nordisk A/S (Novo Nordisk) announced that its Board of Directors has approved a stock split of the Novo Nordisk B shares listed on NASDAQ OMX Copenhagen and of the American Depositary Receipts (ADRs) listed on New York Stock Exchange (NYSE). Novo Nordisk reported that the trading unit of the Novo Nordisk B shares listed on the stock exchange in Copenhagen will be changed from DKK 1 to DKK 0.20, while the ratio of B shares to ADRs listed on NYSE will remain 1:1. Further, the Company stated that the changes in the trading units will be effective on January 2, 2014 for the Novo Nordisk B shares and on January 9, 2014 for the ADRs. The Full Research Report on Novo Nordisk A/S - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Thoratec Corp. Research Report
On December 9, 2013, Thoratec Corp. (Thoratec) announced that its Board of Directors has authorized a $200-million share repurchase program for its common stock, effective through the end of 2015. According to Thoratec, its previous share repurchase authorization is slated to expire at the end of 2013. Commenting on the repurchase authorization, Gary F. Burbach, Thoratec President and CEO, said, "This authorization reflects our strong financial position and commitment to a disciplined capital allocation strategy, along with continued confidence in our long-term growth opportunities. Funding our internal growth initiatives and pursuing attractive business development opportunities remain our top priorities, although this authorization provides the flexibility to also allocate capital to share repurchases in a measured and opportunistic fashion over time." The Full Research Report on Thoratec Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Alere Inc. Research Report
On December 12, 2013, Alere Inc. (Alere) announced the appointment of Regina M. Benjamin, MD, MBA to its Board of Directors, effective immediately. Commenting on the appointment, Ron Zwanziger, Alere Chairman and CEO, said, "Having served as America's Doctor, Regina brings invaluable experience and insights, as well as a longstanding commitment to improving health care outcomes - particularly for underserved populations. Her leadership in public health aligns perfectly with Alere's development of breakthrough technologies that enhance patient care." The Full Research Report on Alere Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Kindred Healthcare Inc. Research Report
On December 12, 2013, Kindred Healthcare Inc. (Kindred Healthcare) announced that its subsidiaries have successfully completed the acquisition of real estate associated with seven nursing centers that it currently leases from HCP, Inc. and its affiliates (HCP) for approximately $61 million. The Company had previously agreed to acquire the real estate associated with two other nursing centers from HCP and expects to close the acquisition of those two properties in Q1 2014. Further, it anticipates the transactions with HCP to be slightly accretive to its 2014 earnings. Paul J. Diaz, CEO of Kindred Healthcare, commented, "Purchasing the real estate of these nursing centers allows us to improve our capital structure as we enter the growth phase of our strategic plan." Diaz added, "We continue to explore opportunities to invest in our Integrated Care Markets, and our growing Care Management business and Kindred at Home." The Full Research Report on Kindred Healthcare Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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