Zacks Analyst Blog Highlights: The Corporate Executive Board, Amylin Pharmaceuticals, Inc., Eli Lilly, Alkermes and Pfizer Inc. – Press Releases
Source: http://www.zacks.com/stock/news/19878/Zacks+Analyst+Blog+Highlights%3A+The+Corporate+Executive+Board%2C+Amylin+Pharmaceuticals%2C+Inc.%2C+Eli+Lilly%2C+Alkermes+and+Pfizer+Inc.++-+Press+ReleasesPosted on Wednesday, May 6th, 2009 | In Market Commentary, Stocks to Watch
For Immediate Release
Chicago, IL – May 6, 2009 – 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 Corporate Executive Board (EXBD), Amylin Pharmaceuticals, Inc. (AMLN), Eli Lilly (LLY), Alkermes (ALKS) and Pfizer Inc. (PFE).
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Here are highlights from Tuesday’s Analyst Blog:
Corp. Exec Board Retains Sell Rec
We reiterate our Sell rating on shares of The Corporate Executive Board (EXBD) after the company lowered its full-year outlook in conjunction with its first-quarter earnings release.
The quarterly results were actually above our expectation from an earnings standpoint, as cost-cutting enabled the company to limit the decline in earnings despite a 15% year-over-year decline in revenues.
Cautious on Alkermes’ Surge
Early this morning, Amylin Pharmaceuticals, Inc. (AMLN), Eli Lilly (LLY) and Alkermes (ALKS) announced that a New Drug Application (NDA) for Exenatide once weekly for type II diabetes has been submitted to the US FDA.
Exenatide once weekly is an investigational sustained release medication for type II diabetes that is injected subcutaneously and administered only once a week. Exenatide is the active ingredient in Byetta injection, which is currently available on the market for people with type II diabetes who are unable to achieve good glycemic control with common oral therapies. Exenatide once weekly is co-developed by Amylin, Eli Lilly and Alkermes.
PFE Makes Big Bet on Alzheimer’s
Spending on the research and development of Alzheimer’s Disease (AD) treatment and prevention has grown significantly over the last 20 years. The aging baby-boom generation has resulted in a larger population of people at risk for developing the disease.
This, coupled with recent advances in developing drugs that address the underlying cause of the disease versus just treating its symptoms, have been the catalysts for the recent accelerated interest in AD research. Pfizer Inc. (PFE), through partnering arrangements, has been one of the leaders of these efforts.
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