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From the Blogosphere
King Beats, but Earnings Down – Analyst Blog
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King Pharmaceuticals, Inc. (KG) reported third quarter earnings of 29 cents per share, beating the Zacks Consensus Estimate by 2 cents. Despite revenues increasing 19.3% from the year-ago period, earnings declined 25.6% from the year-ago quarter mainly due to higher operating expenses.
Total revenues came in at $463.3 million. The primary growth drivers were the Animal Health business, which came as a part of the Alpharma acquisition and an increase in sales of auto-injectors in the Meridian business.
King’s branded pharmaceuticals segment posted revenues of $283 million, down 6.3% from the p< />< /><>><>><>><>>< />< /><>>< />< />< />< />< />< />< />< />< />< /><>><>>< /><>>< /><>>< /><>>< /><>>< /><>>< /><>>< /><><>< />><>< />><>< />>>< />...
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MannKind Beats, Awaiting FDA – Analyst Blog
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MannKind Pharma’s (MNKD) third quarter loss per share came in at 42 cents, better than the Zacks Consensus Estimate of 49 cents and loss of 67 cents reported in the year-ago period. The company does not have any revenue stream at present -- its lead product, Afresa (inhaled insulin for the treatment of type I and type II diabetes) is currently under US Food and Drug Administration (FDA) review.
MannKind filed a New Drug Application (NDA) for Afresa with the FDA in March 2009, which was subsequently accepted in May 2009. The company has been assigned a Prescription Drug User Fee Act (PDUFA)...
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Amylin Strikes First on Obesity – Analyst Blog
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Almost all of the news in the obesity race has been made recently by three small biotech companies -- Arena Pharmaceuticals (ARNA), Vivus Inc. (VVUS) and Orexigen Therapeutics (OREX), but yesterday it was mid-cap Amylin Pharmaceuticals (AMLN) that signed the first partnership in what was originally perceived to be a three-horse race.
Amylin and Takeda Pharmaceutical Company Limited entered into a worldwide exclusive license, development and commercialization agreement to co-develop and commercialize pramlintide/metreleptin and davalintide, two phase II compounds for the treatment of obesi...
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Transcept Gets FDA Response Letter
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The U.S. FDA issued a complete response letter (CRL) on Transcept's new drug application (NDA) for Intermezzo.
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Transcept Gets FDA Response Letter
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The U.S. FDA issued a complete response letter (CRL) on Transcept's new drug application (NDA) for Intermezzo.
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