|By PR Newswire||
|April 3, 2014 09:30 AM EDT||
CHICAGO, April 3, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Gilead (Nasdaq:GILD-Free Report), MannKind (Nasdaq:MNKD-Free Report), Cubist (Nasdaq:CBST-Free Report), Regeneron(Nasdaq:REGN-Free Report) and Medicines Co.(Nasdaq:MDCO-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday's Analyst Blog:
Biotech Stock Roundup
Weakness in the biotech sector continued last week. The selloff, which was triggered by concerns raised by lawmakers regarding the pricing of Gilead's (Nasdaq:GILD-Free Report) hepatitis C virus (HCV) drug, Sovaldi, continued with several major companies seeing a decline in their share price. Efforts to stage a comeback were in vain with NASDAQ Biotechnology declining 7.0% and the NYSE ARCA Biotech Index declining 6.7% at the end of the week.
This week has turned out to be pretty eventful so far with a few FDA panel meetings, court rulings, and regulatory updates.
Third Time Lucky for MannKind's (Nasdaq:MNKD-Free Report)Afrezza?After a choppy start to the week when concerns regarding FDA briefing documents on Afrezza surfaced, MannKind investors had a lot to cheer about – an FDA advisory panel voted in favor of approving Afrezza for type I (13-1) and type II (14-0) diabetes. Shares were up significantly in pre-market trading.
Cubist (Nasdaq:CBST-Free Report)Drug Closer to FDA Approval: Cubist investors had a good start to the week with the company receiving a favorable recommendation from an FDA advisory panel for its experimental anti-infective drug – Sivextro (tedizolid). Shares were up 4.4%.
Regeneron (Nasdaq:REGN-Free Report)Armed with PCSK9 Data: Regeneron and partner Sanofi were not to be left behind where positive data on PCSK9 inhibitors is concerned. The companies said that their experimental PCSK9 inhibitor, alirocumab, lowered "bad" cholesterol significantly in Japanese patients.
The Medicines Co.'s (Nasdaq:MDCO-Free Report) Shares Tumble: The week so far has not been great for The Medicines Co. – shares fell 16.5% on an unfavorable trial opinion in a patent infringement lawsuit regarding Angiomax.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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SOURCE Zacks Investment Research, Inc.
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