Technicals

Strength Seen in Egalet (EGLT): Stock Soars 23.9% – Tale of the Tape

Egalet Corporation ( EGLT ) was a big mover last session with its shares surging almost 24% on the day. The upside came on the back of the company announcing positive results from a Category 3 human abuse liability (HAL) study of Egalet-001 – an abuse-deterrent, extended-release, oral morphine formulation in late-stage clinical development, for the management of severe pain. This development led to far more shares changing hands on Jan 22 than in a normal session […]

Stock Analysts

Microsemi (MSCC) Q1 Earnings In Line; Q2 View Favorable

Microsemi Corporation’s ( MSCC ) first-quarter fiscal 2015 adjusted earnings of 54 cents per share were in line with the Zacks Consensus Estimate. Microsemi Corporation – Earnings Surprise | FindTheBest Revenues Microsemi reported revenues of $303.6 million, up 0.09% sequentially and 18.8% year over year. Revenues, however, missed the Zacks Consensus Estimate of $304 million narrowly […]

Mergers & Acquisitions

Array Announces Agreement To Acquire ENCORAFENIB (LGX818)

Array Announces Agreement To Acquire ENCORAFENIB (LGX818) – Array to receive global rights from Novartis to innovative BRAF inhibitor – – Novartis to conduct and/or substantially fund ongoing clinical studies, including COLUMBUS – – Agreement subject to Novartis-GSK transaction close – – Conference call to discuss transaction on January 23, 2015 at 9:00 am Eastern Time – PR Newswire BOULDER, Colo., Jan. 23, 2015 BOULDER, Colo. […]