Favorable Court Ruling, Quarterly Performance Reviews, Acquisition Completion, and Contract Renewals - Research Reports on Mylan, Biogen, Medtronic, UnitedHealth and Covidien

Fri Aug 1, 2014 9:20am EDT

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Favorable Court Ruling, Quarterly Performance Reviews, Acquisition Completion, and Contract Renewals - Research Reports on Mylan, Biogen, Medtronic, UnitedHealth and Covidien

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NEW YORK, August 1, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding Mylan, Inc. (NASDAQ: MYL), Biogen Idec Inc. (NASDAQ: BIIB), Medtronic, Inc. (NYSE: MDT), UnitedHealth Group Inc. (NYSE: UNH) and Covidien plc (NYSE: COV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5370-100free.

Mylan, Inc. Research Reports
On July 23, 2014, Mylan, Inc. (Mylan) announced that it has won motion for temporary restraining order from the U.S. District Court, blocking Apotex Inc. and Apotex Corporation from selling a generic version of GlaxoSmithKline's Paxil® CR. The development came almost a week after the District Court prohibited GlaxoSmithKline (GSK) from supplying Paroxetine CR to Apotex, which marketed the product as an authorized generic. In its latest ruling, the Court has also ordered Apotex to immediately recall all product from its direct customers that was shipped since the injunction was entered against GSK on July 16, 2014. According to Mylan, it has an exclusive license to an Orange Book patent pertaining to Paxil CR which expires in July 2016, with pediatric exclusivity extending until January 19, 2017. Mylan also believes that it is the only company to have successfully developed an FDA-approved generic version of this product. The full research reports on Mylan are available to download free of charge at:


Biogen Idec Inc. Research Reports
On July 23, 2014, Biogen Idec Inc. (Biogen) announced its Q2 2014 financial results. Helped by the increased adoption of its TECFIDERA® in the U.S. and new markets worldwide, the Company's Q2 2014 adjusted diluted EPS jumped 51.7% YoY to $3.49. Biogen's Q2 2014 earnings surpassed Wall Street expectations, sending the stock up by as much as 13.15% on the day of announcement. On average, analysts polled by Reuters had expected the Company to report adjusted diluted EPS of $2.83. Investors also cheered the Company's revised full-year 2014 outlook. Biogen now expects adjusted diluted EPS to be between $12.90 and $13.10. Biogen's revenues during the quarter also jumped 40.5% YoY to $2.4 billion, which is about $250 million above market expectations, according to Reuters. TECFIDERA revenues were $700 million, consisting of $585 million in U.S. sales and $115 million in sales outside the U.S. The full research reports on Biogen are available to download free of charge at:


Medtronic, Inc. Research Reports
On July 28, 2014, Medtronic, Inc. (Medtronic) announced that it has completed the acquisition of Texas-based Visualase, Inc. (Visualase) in an all-cash transaction of up to $105 million. Medtronic, which already held an ownership stake in Visualase prior to completion of the acquisition, will make an upfront payment of $70 million plus additional payments of up to $35 million which are contingent upon achievement of specific milestones. Following the acquisition, Medtronic will add Visualase's FDA-approved MRI-guided laser and image guided system to its portfolio of therapies for treating neurological conditions within its Surgical Technologies business. The transaction is expected to boost the Company's neurosurgical solutions portfolio, which includes intra-operative imaging, surgical navigation, powered instruments and cerebrospinal fluid (CSF) management. The full research reports on Medtronic are available to download free of charge at:


UnitedHealth Group Inc. Research Reports
On July 29, 2014, UnitedHealth Group Inc. (UnitedHealth) announced that its subsidiary UnitedHealthcare has entered into a new, three-year agreement with Tenet Healthcare Corporation (Tenet) to provide consumers an uninterrupted access to quality care at Tenet's hospitals in their local communities. According to the Company, the agreement provides UnitedHealthcare's Commercial and Medicare Advantage members with in-network access to Tenet's 79 hospitals, 193 outpatient centers and more than 1,800 employed physicians throughout the country, effective from August 1, 2014. Commenting on the development, UnitedHealthcare Networks' President Dan Rosenthal said, "We are pleased to renew this national contract with Tenet which gives our members access to providers focused on driving care improvements and offers competitive reimbursement rates, a portion of which, importantly, rewards Tenet for achieving certain quality measures." The full research reports on UnitedHealth are available to download free of charge at:


Covidien plc Research Reports
On July 25, 2014, Covidien plc (Covidien) announced its Q3 FY 2014 financial results (period ended June 27, 2014). The Company's net sales during the quarter grew 4.3% YoY to $2.7 billion. Covidien, which is into an agreement to be acquired by Medtronic, said its net income during the quarter declined to $306 million, or $0.67 per diluted share, from $400 million, or $0.84 per diluted share, in Q3 FY 2013. The adjusted diluted income from continuing operations was up by 14.3% YoY at $1.04 per share, beating the average forecast of $1.00 in a Reuters' poll of analysts. In June 2014, Medtronic had agreed to acquire Covidien in a cash-and-stock transaction valued at $93.22 per Covidien share, or a total of approximately $42.9 billion. The full research reports on Covidien are available to download free of charge at:


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