Wednesday, February 18, 2015
Sunday, January 25, 2015
Vanessa Kachadurian Bioscience - Strong Dividend Meridian Bioscience
Shares
of Meridian Bioscience (NASDAQ:VIVO) saw unusually-strong trading volume on Friday following a dividend announcement from the company, ARN reports. Approximately 488,537 shares traded hands during trading, an increase of 56% from the previous session’s volume of 313,124 shares.The stock last traded at $17.69 and had previously closed at $17.34.The newly announced dividend is will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.20 per share
. This represents a $0.80 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, January 29th. A number of analysts have recently weighed in on VIVO shares. Analysts at Craig Hallum upgraded shares of Meridian Bioscience from a “hold” rating to a “buy” rating and raised their price
target for the stock from $19.00 to $22.00 in a research note on Friday. Analysts at Zacks upgraded shares of Meridian Bioscience from an “underperform” rating to a “neutral” rating and set a $17.00 price target on the stock in a research note on Monday, January 12th. Analysts at Raymond James downgraded shares of Meridian Bioscience from a “market perform” rating to an “underperform” rating in a research note on Friday, January 2nd. Finally, analysts at TheStreet downgraded shares of Meridian Bioscience from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Meridian Bioscience currently has an average rating of “Hold” and an average price target of $20.50.The stock has a 50-day moving average of $16.67 and a 200-day moving average of $18.17. The company
has a market cap of $739.2 million and a price-to-earnings ratio of 20.89.Meridian Bioscience (NASDAQ:VIVO) last released its earnings data on Thursday, January 22nd. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.19. The company had revenue of $48.00 million for the quarter, compared to the consensus estimate of $46.20 million. Analysts expect that Meridian Bioscience will post $0.86 EPS for the current fiscal year.
Meridian Bioscience, Inc (NASDAQ:VIVO) is an integrated life science company. The Company is engaged in developing, manufacturing, selling and distribution of clinical diagnostic test kits, for certain gastrointestinal, viral, respiratory and parasitic infectious diseases; the manufacture and distribution of bulk antigens, antibodies, polymerase chain reaction (PCR)/ quantitative polymerase chain reaction (qPCR) reagents, nucleotides, competent cells and bioresearch reagents used by researchers and other diagnostic manufacturers, and the contract development and manufacture of proteins and other biologicals under cyclic guanosine monophosphate (cGMP) conditions for use by biopharmaceutical and biotechnology companies
engaged in research for new drugs and vaccines.
Monday, July 28, 2014
Sunday, April 20, 2014
Vanessa Kachadurian Bioscience
Amgen's ($AMGN) promising cardio drug aced its 6th late-stage study, the company said, beating out statins in patients with a cholesterol-boosting genetic disorder and widening the drugmaker's lead in a potentially lucrative new field.
In its latest Phase III trial, Amgen said evolocumab (AMG 145) met its primary endpoint of significantly lowering LDL cholesterol in 49 patients with homozygous familial hypercholesterolemia, a rare ailment that lifts "bad" cholesterol levels to dangerous highs in adolescents. Evolocumab works by blocking the protein PCSK9 and thus helping the body clear LDL cholesterol from the blood, and Amgen said its latest study was the first to test out the pathway in patients with the disease, which affects about one in a million people.
The top-line success comes on the heels of 5 Phase III wins for evolocumab, and Amgen is working through a total of 14 studies on the drug with eyes on filing an FDA application this year. If everything goes according to plan, the California biotech will be the first PCSK9 player on the market, getting first crack at what could be a $10 billion market and beating out Regeneron ($REGN) and Sanofi's ($SNY) alirocumab and Pfizer's ($PFE) bococizumab (RN-316).
Read more: Amgen goes 6-for-6 in Phase III, leading the race for a new cardio blockbuster - FierceBiotech http://www.fiercebiotech.com/story/amgen-goes-6-6-phase-iii-leading-race-new-cardio-blockbuster/2014-03-17#ixzz2zUb3MJ00
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In its latest Phase III trial, Amgen said evolocumab (AMG 145) met its primary endpoint of significantly lowering LDL cholesterol in 49 patients with homozygous familial hypercholesterolemia, a rare ailment that lifts "bad" cholesterol levels to dangerous highs in adolescents. Evolocumab works by blocking the protein PCSK9 and thus helping the body clear LDL cholesterol from the blood, and Amgen said its latest study was the first to test out the pathway in patients with the disease, which affects about one in a million people.
The top-line success comes on the heels of 5 Phase III wins for evolocumab, and Amgen is working through a total of 14 studies on the drug with eyes on filing an FDA application this year. If everything goes according to plan, the California biotech will be the first PCSK9 player on the market, getting first crack at what could be a $10 billion market and beating out Regeneron ($REGN) and Sanofi's ($SNY) alirocumab and Pfizer's ($PFE) bococizumab (RN-316).
Read more: Amgen goes 6-for-6 in Phase III, leading the race for a new cardio blockbuster - FierceBiotech http://www.fiercebiotech.com/story/amgen-goes-6-6-phase-iii-leading-race-new-cardio-blockbuster/2014-03-17#ixzz2zUb3MJ00
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Thursday, February 13, 2014
Vanessa Kachadurian Bioscience merger of Myriad Genetics with Crescendo Biosciences
The explosion of genetic information in the past 20 years, from a combination of scientific discovery and massively increasing computer power, vastly increased our knowledge of the way disease progresses in the human body, making this type of information vital for diagnosis and treatments. Myriad Genetics, based in Salt Lake City, develops tests for hereditary risks of several types of cancer: breast, ovarian, colon and colorectal, melanoma (advanced skin cancer), lung and pancreatic cancer. The company's tests also can help guide a patient's individual chemotherapy dosing and toxicity tolerance, as well as predict the aggressiveness of prostate cancer.
Vanessa Kachadurian, Bioscience firm in Colorado raised $2.274 million in new funding
BOULDER - Mosaic Biosciences Inc. raised $2.274 million in new funding, according to a federal regulatory document.
In all, the Boulder-based company plans to raise $2.31 million in all in the latest funding round, according to the federal regulatory document. Company co-founder and president Marty Stanton did not immediately return a call requesting comment.
Mosaic makes a water-soluble gel that can be used to fill and heal wounds. The gel currently is going through testing required to receive U.S. Food and Drug Administration approval. It's made of polyethylene glycol, which also is used in cosmetics, drugs and food additives in the United States.
Stanton co-founded the company in 2009 with research colleagues at the University of Colorado-Boulder, including Pete Mariner, Kristi Anseth and Chris Bowman. The company licensed the gel substance for an undisclosed sum from Anseth's research lab at CU-Boulder, where it was developed over a period of five years.
The gel substance has biophysical and biochemical properties that support a patient's tissue structure. As a wound heals, the gel is taken over by healthy cells and dissolves into the body over a two-week period, according to Mariner.
The tissue-regeneration substance also can be used in bone regeneration and cartilage repair. It can be used on patients with bed sores, or as stem-cell therapy.
Stanton previously raised $1.3 million in venture capital funding in 2011. Well-known bioscience venture capital firms HealthCare Ventures in Cambridge, Massachusetts, Morganthaler Ventures in Menlo Park, California, with an office in Boulder, High Country Ventures in Boulder and Ganot Capital LLC in Hollywood, Florida, have all put money into the company in the past.
In all, the Boulder-based company plans to raise $2.31 million in all in the latest funding round, according to the federal regulatory document. Company co-founder and president Marty Stanton did not immediately return a call requesting comment.
Mosaic makes a water-soluble gel that can be used to fill and heal wounds. The gel currently is going through testing required to receive U.S. Food and Drug Administration approval. It's made of polyethylene glycol, which also is used in cosmetics, drugs and food additives in the United States.
Stanton co-founded the company in 2009 with research colleagues at the University of Colorado-Boulder, including Pete Mariner, Kristi Anseth and Chris Bowman. The company licensed the gel substance for an undisclosed sum from Anseth's research lab at CU-Boulder, where it was developed over a period of five years.
The gel substance has biophysical and biochemical properties that support a patient's tissue structure. As a wound heals, the gel is taken over by healthy cells and dissolves into the body over a two-week period, according to Mariner.
The tissue-regeneration substance also can be used in bone regeneration and cartilage repair. It can be used on patients with bed sores, or as stem-cell therapy.
Stanton previously raised $1.3 million in venture capital funding in 2011. Well-known bioscience venture capital firms HealthCare Ventures in Cambridge, Massachusetts, Morganthaler Ventures in Menlo Park, California, with an office in Boulder, High Country Ventures in Boulder and Ganot Capital LLC in Hollywood, Florida, have all put money into the company in the past.
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