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Zacks Analyst Blog Highlights: Baker Hughes Inc., BJ Services, Teva Pharmaceutical Industries Ltd., Mylan and Comcast Corp. – Press Releases

Zacks Market Commentaries (November 5th, 2009) Writes:

For Immediate Release

Chicago, IL – November 5, 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: Baker Hughes Inc. (BHI), BJ Services (BJS), Teva Pharmaceutical Industries Ltd. (TEVA), Mylan (MYL) and Comcast Corp. (CMCSA).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s AnalystBlog:

Baker Hughes Misses Estimates

Baker Hughes Inc. (BHI) reported its third quarter results of 26 cents per share, well below the Zacks Consensus Estimate of 36 cents and year-earlier quarter earnings of $1.39. Before adjusting one-time items, earnings were 18 cents per share.

Though the company’s

...

Teva Reports Strong Quarter – Analyst Blog

Zacks Market Commentaries (November 4th, 2009) Writes:
Teva Pharmaceutical Industries Ltd. (TEVA) reported earnings of 89 cents in the third quarter of 2009, up 16% from the year-ago period and a cent above the Zacks Consensus Estimate. Strong sales of Copaxone and in the respiratory business helped drive earnings in the reported quarter. Net sales increased 25% to $3.55 billion, with the Barr acquisition contributing to sales across different geographical segments. The strengthening U.S. dollar adversely impacted net sales by $160 million or 6%. Revenue performance across key business segments was mixed. While the Pharmaceuticals Sales segment posted growth of 27% with revenues coming in at $3.4 billion, the active pharmaceutical ingredients (API) segment reported an 8% decline in growth with sales coming in at $136 million. Pharmaceutical segment sales were driven by strong performances in the North American, European and International segments. The launch of generic versions of Ortho Tri-Cyclen Lo ...

AMGN, PWRM, JNJ, CSRH, GE, CVAT, TEVA, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick (October 19th, 2009) Writes:

Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Monday October 19, 2009

DrStockPick.com Stock Report!

AMGN, PWRM, JNJ, CSRH, GE, CVAT, TEVA, AQNM

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AMGN, Amgen Inc.

AMGN, a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology.

The Food and Drug Administration wants more information about AMGN’s osteoporosis treatment Prolia before granting marketing approval. It delays a drug seen as a potential blockbuster for the company.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of

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Mylan Settles Dispute with Pfizer – Analyst Blog

Zacks Market Commentaries (October 15th, 2009) Writes:
Recently, Mylan (MYL) announced the settlement of its dispute with Pfizer (PFE) related to the patent of antifungal drug Vfend (voriconazole). Now Mylan can launch an authorized generic version of the drug in two dosage forms of 50 mg and 200 mg tablets in early 2011. Mylan’s subsidiary, Matrix Laboratories, has Food and Drug Administration (FDA) approval for the generic version of the drug. Being the first company to submit an Abbreviated New Drug Application (ANDA), Matrix expects to be eligible to receive 180 days of marketing exclusivity for the drug. However, the agreement does not include liquid or intravenous versions of Vfend. The agreement has yet to be approved by the US Department of Justice and the Federal Trade Commission. Vfend recorded sales of $164 million in the 12 months ended June 30. Mylan received quite a few approvals in the past few ...

Zacks Analyst Blog Highlights: Mylan, Sanofi-Aventis, Gilead Sciences, GlaxoSmithKline and Freddie Mac – Press Releases

Zacks Market Commentaries (August 31st, 2009) Writes:

For Immediate Release

Chicago, IL – August 31, 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: Mylan (MYL), Sanofi-Aventis (SNY), Gilead Sciences (GILD), GlaxoSmithKline (GSK) and Freddie Mac (FRE).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s Analyst Blog:

Mylan’s Portfolio Strengthens

We are pleased to hear that Mylan (MYL) has begun to market the generic version of BenzaClin (1% Clindamycin and 5% Benzoyl Peroxide Gel) for acne treatment, which was originally manufactured by Sanofi-Aventis (SNY). The drug has been developed under an agreement between its subsidiary,

...

Mylan’s Portfolio Strengthens – Analyst Blog

Zacks Market Commentaries (August 28th, 2009) Writes:

We are pleased to hear that Mylan (MYL) has begun to market the generic version of BenzaClin (1% Clindamycin and 5% Benzoyl Peroxide Gel) for acne treatment, which was originally manufactured by Sanofi-Aventis (SNY). The drug has been developed under an agreement between its subsidiary, Mylan Pharmaceuticals and Dow Pharmaceutical Sciences, a subsidiary of Valeant Pharmaceuticals International.

Earlier this month, Dow received the US Food and Drug Administration (FDA) approval for the generic drug. Although the approval is good news for the company, we do not expect it to contribute significantly to the top line since BenzaClin had total U.S. sales of about $221 million for the 12 months ending June 30 (as per IMS data).

This is the third approval for Mylan in the month of August. A few days back, Mylan’s subsidiary Matrix Laboratories received tentative approval from the FDA under the President's Emergency Plan for AIDS Relief

...

Mylan Drug Gets Tentative OK – Analyst Blog

Zacks Market Commentaries (August 19th, 2009) Writes:
Yesterday, Mylan Inc. (MYL) announced that its Indian subsidiary, Matrix Laboratories, received tentative approval from the US Food and Drug Administration (FDA) under the President's Emergency Plan for AIDS Relief (PEPFAR) for its generic version of a fixed-dose combination of Efavirenz, Emtricitabine, Tenofovir Disoproxil Fumarate tablets in 600 mg/200mg/300 mg dosage strengths.

The decision is in response to an Abbreviated New Drug Application filed by the Indian subsidiary. The tentative approval under PEPFAR is indicative of the fact that the product satisfies all the manufacturing quality, safety and efficacy standards laid down by the agency.

The Efavirenz, Emtricitabine and Tenofovir Disoproxil Fumarate combination is the generic version of Gilead Sciences’ (GILD) Atripla tablets used for the treatment of HIV-1 infection in adults. It combines three anti-AIDS medicines into a single, daily dose for either first- or second-line treatment and is one of the best-selling AIDS products in

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Mylan Boosts Generics Portfolio – Analyst Blog

Zacks Market Commentaries (August 11th, 2009) Writes:
A subsidiary of Mylan Inc. (MYL) recently received approval for marketing Sumatriptan Succinate Tablets from the US FDA. This generic version of GlaxoSmithKline's (GSK) Imitrex is meant for the treatment of migraine and headache. The drug had recorded total US sales of about $934 million in the 12 months ended June 30. But Mylan is a late entrant in this segment as Dr Reddy’s Laboratories (RDY) became the first to launch a generic version of the drug last November.

Mylan is now the third-largest generic company in the world after the acquisition of Merck Generics and Matrix Labs. We expect the Merck Generics acquisition to contribute significantly to Mylan’s long-term growth and the help the company expand its footprints in non-U.S. markets.

At present, the company has 120 abbreviated new drug applications (ANDAs) that are awaiting FDA approval, targeting approximately $85.6 billion in branded sales. Among

...

DrStockPick.com Stock Report! 8/06/09, CAL, IGT, MDT, MYL, WFC, MNRTA

Dr. Stock Pick (August 6th, 2009) Writes:

DrStockPick.com Stock Report!

Thursday August 6, 2009

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Continental Airlines (NYSE: CAL) today announced new service from its Guam hub and Honolulu to Nadi, Fiji beginning Dec. 18, 2009. The flights will also offer convenient connections from the U.S. mainland, Japan and Continental’s Micronesian network to Nadi.

Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of purchasers of International Game Technology (NYSE: IGT) common stock during the period from November 1, 2007 to October 30, 2008, inclusive (the “Class Period”). The lawsuit is pending in the United States District Court for the District of Nevada against IGT and certain of its officers and directors.

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Mylan Keeps the Momentum – Analyst Blog

Zacks Market Commentaries (August 4th, 2009) Writes:
We are pleased with Mylan Inc.’s (MYL) second-quarter results. The company reported adjusted quarterly revenue of $1.26 billion, a 6% increase over the year-ago period. Its adjusted EPS came in at $0.32, beating the Zacks Consensus Estimate of $0.29. Based on strong second-quarter earnings, Mylan raised its revenue guidance for 2009. The revenue guidance now stands at $4.9 billion to $5.1, up from the earlier forecast of $4.6 billion to $4.9 billion.

On a GAAP basis, Mylan posted revenue of $1.27 billion compared to $1.20 billion in the corresponding period last year. Net income (GAAP) for the second quarter was $58 million (per share $0.19) compared to net loss of $16.3 million (per share loss of $0.05) in the year-ago period.

All three segments of the company contributed to revenue growth. The revenue would have been higher but for the unfavorable movement of foreign currency. The Generics Segment

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