NEW YORK, March 26, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Endocyte, Inc. (NASDAQ: ECYT), Ophthotech Corporation (NASDAQ: OPHT), AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX), bluebird bio, Inc. (NASDAQ: BLUE), and Cantel Medical Corp. (NYSE: CMN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Endocyte, Inc. Analyst Notes
On March 21, 2014, Endocyte, Inc. (Endocyte) announced results from its Phase 2b TARGET trial, which showed that the study met the primary endpoint for the combination of vintafolide (EC145/MK-8109) and docetaxel in folate receptor (FR)-positive recurrent non-small cell lung cancer (NSCLC) patients. According to the Company, the data showed that risk of disease worsening or death was reduced by 25% for patients treated with the vintafolide/docetaxel combination versus docetaxel alone. Binh Nguyen, M.D., Ph.D., Vice President of Medical Affairs at Endocyte, stated, "We are pleased with the results of this study, as the vintafolide/docetaxel combination showed meaningful activity in patients with recurrent NSCLC, meeting the primary endpoint of the trial. We were especially pleased with the results in the adenocarcinoma population and early OS trends, and we have learned important information about the dosing schedule. We look forward to reviewing additional analysis of this study when the OS data has matured later this year to help inform potential further development of the vintafolide/docetaxel combination in NSCLC." The full analyst notes on Endocyte, Inc. are available to download free of charge at:
Ophthotech Corporation Analyst Notes
On March 21, 2014, Ophthotech Corporation's (Ophthotech) stock went down by 5.32%, closing at $35.96. However, in the past three months Ophthotech shares went up by 15.93%, compared to the Nasdaq Composite which went up by 4.19% during the same trading period. The full analyst notes on Ophthotech Corporation are available to download free of charge at:
AcelRx Pharmaceuticals, Inc. Analyst Notes
On March 21, 2014, AcelRx Pharmaceuticals, Inc.'s (AcelRx Pharmaceuticals) stock went down by 3.63%, closing at $12.47. Over the past five trading days, the Company's stock went up by 0.16%, compared to the Nasdaq Composite Index which went up by 0.74% during the same trading period. The full analyst notes on AcelRx Pharmaceuticals, Inc. are available to download free of charge at:
bluebird bio, Inc. Analyst Notes
On March 5, 2014, bluebird bio, Inc. (bluebird bio) reported its full-year 2013 financial results. Total revenues for full year 2013 were $20.2 million, compared to total revenues of $0.3 million in full year 2012. Net loss applicable to common stockholders for full year 2013 was $25.3 million or $2.02 per diluted share, compared to full-year 2012 net loss applicable to common stockholders of $3.6 million or $13.79 per diluted share. Commenting on the results, Nick Leschly, Chief bluebird bio, stated, "In 2013 we transplanted the first patients in our phase 2/3 Starbeam study for CCALD and our phase 1/2 HGB-205 study for beta thalassemia and sickle cell disease. This was a considerable accomplishment for all those involved in these studies. Earlier in the year, we leveraged our lentiviral platform, signing a multi-year collaboration with Celgene in the exciting area of CAR T for oncology, which strengthened our balance sheet and further validated our lentiviral platform. In June, we completed a successful IPO, setting the stage for the next evolution in the bluebird story. We look forward to another productive year in 2014." The full analyst notes on bluebird bio, Inc. are available to download free of charge at:
Cantel Medical Corp. Analyst Notes
On March 11, 2014, Cantel Medical Corp. (Cantel Medical) reported its Q2 FY 2014 and H1 FY 2014 (period ended January 31, 2014) financial results. Net sales for Q2 FY 2014 went up by 11.9% YoY to $119.0 million, and H1 FY 2014 net sales went up by 15.2% YoY to $237.3 million. Net income for Q2 FY 2014 was $11.1 million or $0.27 per diluted share, compared to net income of $10.5 million or $0.25 per diluted share in Q2 FY 2013. H1 FY 2014 net income was $22.3 million or $0.54 per diluted share, compared to net income of $20.0 million or $0.49 per diluted share in H1 FY 2013. Commenting on the results, Andrew Krakauer, Cantel Medical's President and CEO, stated, "We are pleased to have delivered record sales and solid earnings performance in the second quarter. These positive results confirm the continued success of our strategic approach to growth which includes investing in new product development, sales and marketing programs and acquisitions." The full analyst notes on Cantel Medical Corp. are available to download free of charge at:
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