|By PR Newswire||
|March 18, 2014 08:01 AM EDT||
NEW YORK, March 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Mallinckrodt plc (NYSE: MNK), Novo Nordisk A/S (NYSE: NVO), Charles River Laboratories International, Inc. (NYSE: CRL), Cerner Corporation (NASDAQ: CERN), and Quintiles Transnational Holdings Inc. (NYSE: Q). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Mallinckrodt plc Analyst Notes
On March 12, 2014, Mallinckrodt plc (Mallinckrodt) announced the U.S. Food and Drug Administration's (FDA) approval of XARTEMIS™ XR (oxycodone hydrochloride and acetaminophen) Extended-Release Tablets (CII), formerly known as MNK-795, for the management of acute pain severe enough to require opioid treatment and in patients for whom alternative treatment options are ineffective. According to Mallinckrodt, the approval is partly based on the pivotal Phase 3 efficacy study conducted in an acute post-surgical pain model. The Company stated that XARTEMIS XR met the study's primary endpoint and showed statistically significant improvement in pain scores compared to placebo from baseline over 48 hours. Commenting on the approval, Mark Trudeau, President and CEO of Mallinckrodt, stated, "The FDA approval of XARTEMIS XR exemplifies Mallinckrodt's dedication to developing and providing new treatment options for people with pain. Mallinckrodt remains committed to continuing its work to develop innovative formulations for our product lines to help ensure access to appropriate pain treatment for the millions of patients suffering from acute pain, and we will continue to work closely with the FDA as we engage in further development programs for XARTEMIS XR and other products utilizing this technology platform." The full analyst notes on Mallinckrodt plc are available to download free of charge at:
Novo Nordisk A/S Analyst Notes
On March 12, 2014, Novo Nordisk A/S' (Novo Nordisk) stock declined 1.03%, closing at $46.02. For the past three-day trading period, the Company's stock went down by 2.91%, compared to the Dow Jones Industrial Average which lost 0.68% during the same three-day trading period. The full analyst notes on Novo Nordisk A/S are available to download free of charge at:
Charles River Laboratories International, Inc. Analyst Notes
On March 13, 2014, Charles River Laboratories International, Inc. (Charles River Laboratories) announced that it has entered into a definitive agreement to acquire the contract research organization (CRO) services division of Galapagos NV, including both Argenta and BioFocus for a purchase price of €129 million in cash or c. $179 million. According to Charles River Laboratories, the acquisition will position the Company as a full service, early-stage CRO, with integrated in vitro and in vivo capabilities from target discovery through preclinical development. Additionally, the Company stated that along with the initial purchase price, the transaction also includes future performance payments of up to €5 million or c. $7 million. Commenting on the release, James C. Foster, Chairman, President and CEO of Charles River Laboratories stated, "We believe that this acquisition expands our unique drug discovery and early-stage development focus and advances Charles River's position as a market leader in the fast-growing outsourced discovery services market." He concluded, "The acquisition will enhance our sales growth rate and be accretive to non-GAAP earnings per share in 2014, and we expect increased contribution in 2015 and beyond." The full analyst notes on Charles River Laboratories International, Inc. are available to download free of charge at:
Cerner Corporation Analyst Notes
On March 12, 2014, Cerner Corporation's (Cerner) stock declined 0.13%, to close at $59.86. Over the past one-month trading period, Cerner shares increased by 3.29%, compared to the Nasdaq Composite which went up by 2.89% during the same trading session. The full analyst notes on Cerner Corporation are available to download free of charge at:
Quintiles Transnational Holdings Inc. Analyst Notes
On March 12, 2014, Quintiles Transnational Holdings Inc. (Quintiles) reported that for the third time, the Company has been named as the "Best CRO in Asia" at the 2014 BioPharma Asia Industry Awards dinner. According to the Company, the award recognizes the contract research organization that has best demonstrated an ongoing commitment to improve clinical research in Asia and help customers succeed. Ken Lee, M.D., Quintiles Vice President and Regional General Manager for Southeast Asia, who accepted the award, stated, "This award reflects Quintiles' ability to improve our customers' probability of success by combining market knowledge with superior service. For 20 years we've been helping our customers navigate Asia's complex and changing healthcare environment. It's wonderful to be acknowledged for our excellence in bringing knowledge and people together for a healthier world." The full analyst notes on Quintiles Transnational Holdings Inc. are available to download free of charge at:
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