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Scientific Initiatives, Stock Price Movement, and Financial Results - Research Report on BMS, Actavis, LabCorp, Quest Diagnostics, and Novartis

NEW YORK, October 23, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Bristol-Myers Squibb Co. (NYSE: BMY), Actavis plc (NYSE: ACT), Laboratory Corp. of America Holdings (NYSE: LH), Quest Diagnostics Inc. (NYSE: DGX), and Novartis AG (ADR) (NYSE: NVS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Bristol-Myers Squibb Co. Research Report

On October 16, 2013, Bristol-Myers Squibb Co. (BMS) announced the launch of Partnering for Cure, a scientific initiative to support education and research to transform clinical outcomes for patients with chronic viral diseases, such as HIV, hepatitis B (HBV), and hepatitis C (HCV). The announcement came in at the 14th European AIDS Conference (EACS) in Brussels, Belgium. The Company said that Partnering for Cure is led by an expert panel of clinical experts from across Europe. It will be composed of three core components (education, scientific exchange, and scientific research) and will focus on reviewing current treatment paradigms, providing a forum for discussion on the evolution of treatment towards cure and facilitating research seeking novel cure pathways in chronic viral diseases. BMS reported that it will also support three independent research projects focused on improving current understandings of HIV, HBV and HCV, and creating novel treatment and cure strategies, and the research applications will be accepted via the Company website until October 31, 2013. The Full Research Report on Bristol-Myers Squibb Co. - 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/81a9_BMY]

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Actavis plc Research Report

On October 18, 2013, Actavis plc's (Actavis) stock rose marginally by 0.03%, ending the day at $146.92. Over the previous three trading sessions, shares of Actavis gained 4.54%, outperforming the S&P 500, which gained 2.73% during the same period. The Full Research Report on Actavis plc - 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/4997_ACT]

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Laboratory Corp. of America Holdings Research Report

On October 18, 2013, Laboratory Corp. of America Holdings (LabCorp) reported its Q3 2013 financial results. The Company's net sales increased 3.0% YoY to $1.5 billion during the quarter. Net earnings attributable to LabCorp were $148.3 million or $1.63 per diluted share in Q3 2013, compared to net earnings attributable to LabCorp of $148.0 million or $1.53 per diluted share in Q3 2012. Adjusted EPS excluding amortization increased 2.3% YoY to $1.80. David P. King, Chairman and CEO of LabCorp, said, "We are pleased with our third quarter and year-to-date results, as we delivered another quarter of solid revenue and volume growth. Government payment reductions and continued reimbursement challenges for molecular testing negatively affected our reported results in terms of revenue growth, price and margins. Despite these challenges, we continue to execute our five pillar strategy and remain focused on growing our business and returning capital to shareholders." The Full Research Report on Laboratory Corp. of America Holdings - 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/c267_LH]

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Quest Diagnostics Inc. Research Report

On October 17, 2013, Quest Diagnostics, Inc. (Quest Diagnostics) reported its Q3 2013 financial results. The Company's net revenues declined 1.9% YoY to $1.8 billion during the quarter. Net income attributable to Quest Diagnostics was $405.1 million or $2.68 per diluted share in Q3 2013, up compared to net income attributable to Quest Diagnostics of $163.1 million or $1.01 per diluted share in Q3 2012. Commenting on the results, Steve Rusckowski, President and CEO of Quest Diagnostics, said, "We are disappointed with our third quarter performance, particularly after generating revenues early in the period that were in line with our expectations. Healthcare utilization and reimbursement continue to be a headwind for our industry, and our results reflect that. As we have said previously, 2013 is a building year that will position us well for 2014 and beyond. We remain focused on executing our five-point strategy." The Full Research Report on Quest Diagnostics 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/05ba_DGX]

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Novartis AG (ADR) Research Report

On October 18, 2013, Bloomberg reported that Roche Holding AG's (Roche) CEO Severin Schwan said that founding families of Roche wants the Company to stay independent, in response to the speculation that circulated since a Novartis AG (ADR) (Novartis) board member Pierre Landolt said in September 2013 that a merger could make sense. The Bloomberg report also quoted what Schwan said in a conference call with reporters, "Nothing has changed with regards to Roche's position towards Novartis. The families Hoffmann and Oeri have repeatedly stated they're committed to Roche's independence." The Full Research Report on Novartis AG (ADR) - 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/9b6d_NVS]

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EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
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NOT FINANCIAL ADVICE

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