Biotech Companies Announce Financial Results and Receive New Patents - Research Report on Regeneron, Medivation, Incyte, Santarus, and ACADIA

Wed Aug 21, 2013 8:00am EDT

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Biotech Companies Announce Financial Results and Receive New Patents - Research Report on Regeneron, Medivation, Incyte, Santarus, and ACADIA

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NEW YORK, August 21, 2013 /PRNewswire/ --

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Today, Investors' Reports announced new research reports highlighting Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN), Medivation, Inc. (NASDAQ: MDVN), Incyte Corporation (NASDAQ: INCY), Santarus, Inc. (NASDAQ: SNTS), and ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Regeneron Pharmaceuticals, Inc. Research Report

On August 7, 2013, Regeneron Pharmaceuticals, Inc. (Regeneron) announced that it has been granted US Patent No. 8,502,018 by the US Patent and Trademark Office related to methods of genetically modifying a mouse to make human antibodies. Regeneron reported that the patent is similar to European patent, EP 1 360 287 B1, which was granted on September 12, 2012 by the European Patent Office. These patents are part of Regeneron's global patent portfolio, which together protect fundamental inventions behind the Company's VelocImmune humanized mice. George D. Yancopoulos, M.D., Ph.D., Chief Scientific Officer of Regeneron and President of Regeneron Laboratories, and a Co-inventor of these technologies, stated, "VelocImmune provides perhaps the most powerful and efficient way of generating fully human monoclonal antibodies that are ready for clinical testing. Its invention has allowed Regeneron to become a leading antibody therapeutics company, with twelve clinical stage antibodies generated through our VelocImmune platform currently in clinical development." The Full Research Report on Regeneron Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/REGN]

Medivation, Inc. Research Report

On August 8, 2013, Medivation, Inc. (Medivation) released its Q2 2013 financial results. Collaboration revenues were up 63.5% YoY to $70.1 million during the quarter. Income from operations stood at $54,000 in Q2 2013, compared to a loss of $975,000 in Q2 2012. Net loss was $4.9 million, or $0.07 per diluted share, in Q2 2013, compared to a loss of $5.5 million, or $0.08 per diluted share, in Q2 2012. Medivation expects full-year 2013 US net sales of XTANDI to be between $345 million and $365 million, as reported by Astellas. Further, Medivation expects total operating expenses, net of cost-sharing payments from Astellas, to be between $285 million and $300 million. The Full Research Report on Medivation, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/MDVN]

Incyte Corporation Research Report

On August 1, 2013, Incyte Corporation (Incyte) released its Q2 2013 financial results. Total revenues were up 17.5% YoY to $101.7 million, while income from operations grew 13.8% YoY to $17.3 million during the quarter. Net loss stood at $2.6 million, or $0.02 per diluted share, in Q2 2013, compared to net income of $4.0 million, $0.03 per diluted share, in Q2 2012. Incyte also raised its full-year Jakafi net product revenue guidance to be in the range of $220 million to $230 million from previously announced guidance range of $210 million to $225 million. Paul A. Friedman, M.D., President and CEO of Incyte, explained, "The underlying demand for Jakafi was strong in the second quarter, leading to our decision to increase guidance for 2013." The Full Research Report on Incyte Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/INCY]

Santarus, Inc. Research Report

On August 6, 2013, Santarus, Inc. (Santarus) released its Q2 2013 financial results. Total revenues were up 89.4% YoY to $89.4 million, while income from operations increased 393.1% YoY to $18.7 million. Net income was up 2,032.7% YoY to $73.5 million, while diluted EPS grew 1,780% YoY to $0.94, in Q2 2013. For full-year 2013, Santarus expects GAAP net income to be between $129 million and $132 million; non-GAAP adjusted earnings to be between $97 million and $101 million; and non-GAAP adjusted diluted EPS to be between $1.21 and $1.26. The Full Research Report on Santarus, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/SNTS]

ACADIA Pharmaceuticals Inc. Research Report

On August 6, 2013, ACADIA Pharmaceuticals Inc. (ACADIA) released its Q2 2013 financial results. Collaborative revenues were down 24.7% YoY to $0.5 million during the quarter. Loss from operations was $9.2 million, compared to a loss of $5.4 million in Q2 2012. Net loss stood at $9.1 million, or $0.11 per diluted share, compared to a loss of $5.4 million, or $0.10 per diluted share, in Q2 2012. Uli Hacksell, Ph.D., CEO of ACADIA, stated, "The second quarter of 2013 was a game-changing period for ACADIA, highlighted by establishing an expedited path to an NDA filing for pimavanserin and by strengthening our balance sheet through our public offering." Hacksell added, "This success sets the stage for what we believe will be an exciting new phase for ACADIA focused on building additional value in our pimavanserin franchise. We continue to make solid progress towards completing the remaining activities in our Parkinson's disease psychosis development program that are needed for our NDA submission. Meanwhile, we are also finalizing preparations for our Phase II feasibility study in Alzheimer's disease psychosis patients that we expect to initiate this year. We plan to build on the positive momentum of the first half of 2013 by continuing to advance our pipeline, led by pimavanserin, which we believe positions ACADIA with multiple attractive product and commercial opportunities." The Full Research Report on ACADIA Pharmaceuticals Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-14/ACAD]

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