|By PR Newswire||
|March 18, 2014 08:01 AM EDT||
NEW YORK, March 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Cell Therapeutics, Inc. (NASDAQ: CTIC), Intrexon Corporation (NYSE: XON), Chimerix, Inc. (NASDAQ: CMRX), Receptos, Inc. (NASDAQ: RCPT), andRevance Therapeutics, Inc. (NASDAQ: RVNC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Cell Therapeutics, Inc. Analyst Notes
On March 3, 2014, Cell Therapeutics, Inc. (CTI) announced the initiation of a Phase 3 clinical trial, PERSIST-2, evaluating pacritinib. Pacritinib is a novel investigational JAK2/FLT3 inhibitor, in patients with myelofibrosis whose platelet counts are less than or equal to 100,000 per microliter (uL). "With the initiation of the PERSIST-2 trial, we believe that the registration program for pacritinib is on track for a potential NDA submission in the latter part of 2015," said James A. Bianco, MD, President and CEO of CTI. "We have seen meaningful clinical benefits and good tolerability with pacritinib in myelofibrosis patients in Phase 2 trials without apparent drug-related thrombocytopenia or anemia. As such, we have had strong interest in site participation for this trial and will work diligently to activate these sites over the next several months." The trial is expected to enroll up to 300 patients in North America, Europe, Australia and New Zealand within 12 to 14 months. The full analyst notes on Cell Therapeutics, Inc. are available to download free of charge at:
Intrexon Corporation Analyst Notes
On March 7, 2014, Intrexon Corp. (Intrexon) announced that it has completed the acquisition of Medistem, Inc., a pioneer in the development of Endometrial Regenerative Cells. Under the terms of the agreement, Medistem stockholders will receive in exchange for each share of Medistem common stock $0.27 in cash and $1.08 worth of Intrexon common stock, or approximately 0.03920 shares. This is based on the 20-day volume-weighted average price of Intrexon's common stock immediately prior to closing, subject to adjustment pursuant to the terms of the merger agreement. The full analyst notes on Intrexon Corporation are available to download free of charge at:
Chimerix, Inc. Analyst Notes
On March 7, 2014, Chimerix Inc. (Chimerix) reported its Q4 2013 and full-year 2013 financial results. For the quarter, the Company reported a net loss of $8.2 million or $0.31 per basic and diluted share,compared to a net loss of $4.3 million or $3.90 per basic and diluted share in Q4 2012. Revenues totaled $879,000, compared to $3.6 million in Q4 2012. For full-year 2013, net loss was $36.4 million or $3.65 per basic and diluted share, compared to net loss of $4.4 million or $5.75 per basic and diluted share in 2012. Revenues were $4.4 million, compared to $33.7 million in 2012. The decrease in revenues were attributable to a decrease in reimbursable expenses associated with Chimerix's ongoing contract with BARDA in 2013, and the receipt of an upfront license payment related to Chimerix's collaboration and license arrangement with Merck in 2012. The full analyst notes on Chimerix, Inc. are available to download free of charge at:
Receptos, Inc. Analyst Notes
On March 5, 2014, Receptos, Inc. (Receptos) reported its Q4 2013 and full-year 2013 (period ended December 31, 2013) financial results. For the quarter, the Company reported net loss of $15.2 million, or $0.86 per common share, compared to a net loss of $4.5 million, or $3.08 per common share, in Q4 2012. Total revenues were $773,000, compared to $3.8 million in Q4 2012. Revenue during these periods consisted primarily of amortization of up-front fees and milestone payments, and development funding received from our collaborative arrangements. Fiscal year 2013 net loss was as $50.4 million, or $4.23 per common share, compared to a net loss of $17.7 million, or $13.73 per common share, in 2012. Total revenues were $4.6 million compared to $8.6 million in 2012. The full analyst notes on Receptos, Inc. are available to download free of charge at:
Revance Therapeutics, Inc. Analyst Notes
On March 12, 2014, Revance Therapeutics, Inc. (Revance) announced the schedule of its earnings release and conference call. The Company will report its Q4 2013 and full-year 2013 financial results on March 26, 2014, Wednesday, after the close of market. The Company's management will also host a conference call and live internet webcast on the same day at 1:30 p.m. PT or 4:30 p.m. ET to discuss the results as well as provide business updates. The webcast will be available in the Investor Relations section on the Company's website for 30 days following the completion of the call. The full analyst notes on Revance Therapeutics, Inc. are available to download free of charge at:
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