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Best Biotech Stocks of 2011
Tuesday, December 27, 2011 - 11:39am
Here's a quick look at nine of the best-performing biotech stocks of the past year. Achillion Pharmaceuticals (NASDAQ: ACHN) is up almost 88% year to date and about 37% higher just in the past month. This Connecticut-based biopharmaceutical company has three drugs in clinical trials to treat...
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Tuesday, August 9, 2011 - 12:46pm
Medivation Makes Breast Cancer Breakthrough
San Francisco-based Medivation (NASDAQ: MDVN) has made a breakthrough in the fight against breast cancer while researching a drug initially intended for use by patients with prostate cancer. According to a statement sent to Benzinga by account manager Joey Fleury of BioPharma, results from a...
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J.P. Morgan Maintains Neutral on Medivation (MDVN)
Thursday, March 17, 2011 - 8:37amJ.P. Morgan is out with its report today on Medivation (NASDAQ: MDVN), maintaining Neutral. In a note to clients, J.P. Morgan writes, "Our December 2011 price target of $12 is based on our probability-adjusted NPV analysis of MDV3100 and net cash. We assume a 20% probability of success for MDV...
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Brean Murray Reiterates Sell Rating On MDVN
Thursday, March 17, 2011 - 7:17amBrean Murray, Carret & Co. is reiterating its Sell rating on shares of Medivation, Inc. (NASDAQ: MDVN). “Medivation reported revenue of $16.6 million and EPS of ($0.11), neither of which is all that meaningful at Medivation's present stage,” Brean Murray, Carret & Co. writes. “The revenue...
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Hapoalim Securities Adjusts Medivation Estimates
Monday, November 8, 2010 - 11:06amMedivation, Inc. (NASDAQ: MDVN) expects to release top-line data from the Phase 3 HORIZON trial, evaluating dimebon's potential benefits in 403 patients with Huntington disease, in 1H11, Hapoalim Securities reports. “Based on dimebon's lack of efficacy in Alzheimer's, we remain skeptical that the...
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Leerink Swann Rates Medivation (MDVN) Market Perform
Tuesday, March 16, 2010 - 8:50amLeerink Swann analysts Howard Liang and Jonathan Eckard rated shares of Medivation, Inc. (Nasdaq: MDVN) a Market Perform with a valuation of $14. The analysts said that the negative readout for the Phase III CONNECTION trial for Dimebon, without any efficacy signal, leads them to believe that...
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Medivation upgraded to Buy at Roth Capital
Thursday, November 5, 2009 - 9:22amRoth Capital upgraded Medivation (NASDAQ: MDVN) from “hold” to “buy.” The upgrade was based on a 65% probability of the FDA approving Medivation's Alzheimer treatment, Dimebon. Roth Capital has set the target price for MDVN at $34 and has recommended purchase of MDVN shares before the company...
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