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Biotech and Pharmaceutical News: Johnson & Johnson Is Analysts' Darling


Plus, 2013 will be Walgreen's big year, and more!

This column highlights the most interesting and useful biotechnology and pharmaceutical commentary from around the Web.

Insider Monkey
Link: Walgreen: How It Plans on Realizing $1 BIllion in Synergies

"After a rough 2012, Walgreen (NYSE:WAG) seems positioned to have a much improved 2013. [Regarding] Walgreen's acquisition of Alliance Boots...Early estimates predict the company to realize $100 to $150 million in combined synergies from the Alliance Boots partnership in 2013, and more than $1 billion by 2016."

Seeking Alpha
Link: Obamacare: Good Or Bad For Players Like Express Scripts?

Prescription plan administrator, Express Scripts (NASDAQ:ESRX), might just be the most powerful force in the healthcare industry...But with Obamacare scheduled to go into full effect in 2014, should companies like Express Scripts be considered as value plays?...Express Scripts' revenue grew by an astounding 143.7% between 2011 and 2012..."

Link: An Insider Buys $300K Of CVS Caremark Corporation (CVS), Should Investors Follow?

"Last week, EVP & General Counsel, Thomas Moriarty bought 6,164 shares at $48.67, for an investment of $300,002. The purchase is more interesting in light of how close the price paid is to CVS's (NYSE:CVS) 52-week, intraday high of $49.23."

Fox Business
Link: Abbott Recalls Synthroid Lots Over Container Defects

"Abbott Laboratories (NYSE:ABT) has recalled three lots of the thyroid-hormone replacement therapy Synthroid because some bottles had defects that could affect the stability of the tablets."

Bloomberg Businessweek
Link: AstraZeneca to Pay $35 Million for Right to Ardelyx Kidney Drug

"AstraZeneca Plc (NYSE:AZN) agreed to pay $35 million for the right to develop an experimental drug from Ardelyx to treat kidney-disease complications in Pascal Soriot's first licensing agreement as AstraZeneca chief executive."

RTT News
Link: Eli Lilly & Co. Surged To A New High On Alzheimer's Study Results
"Eli Lilly & Co. (NYSE:LLY) announced results from its Phase 3 EXPEDITION studies in patients with mild-to-moderate Alzheimer's disease Monday afternoon. The results showed that patients with mild Alzheimer's disease taking solanezumab demonstrated a slowing of cognitive decline compared with placebo."

Chicago Tribue
Link: Anacor Says GSK Stops Development of Antibiotic
"Anacor Pharmaceuticals Inc (NASDAQ:ANAC) said its partner GlaxoSmithKline Plc (NYSE:GSK) stopped the development of their mid-stage experimental antibiotic to treat urinary tract and intra-abdominal infections."

Broker Darlings of the Dow: Johnson & Johnson Ranks As a Top 15 Analyst
"A study of analyst recommendations at the major brokerages shows that Johnson & Johnson (NYSE:JNJ) is the No. 9 broker pick, on average, out of the 30 stocks making up the Dow Jones Industrial Average, according to ETF Channel."

Market Watch
Link: Pfizer Names Top Execs for Animal-Health Spinoff

"Pfizer Inc. (NYSE:PFE) has named nine executives to round out the leadership team for its planned animal-health spinoff, Zoetis...New York-based Pfizer plans an initial public offering for up to a 20% ownership stake in Zoetis, and may pursue the separation of the remaining 80% stake at a later date."

Sacramento Bee
Link: Rochester Medical Introduces Spirit™ Hydrocolloid Adhesive Sheath

"Rochester Medical Corporation (NASDAQ:ROCM), the world's leading developer and manufacturer of silicone catheters for continence care, today announced its next generation of male external catheters with the launch of the Spirit™ Hydrocolloid Adhesive Sheath."

News Today Digest
Merck & Co., Inc. New Study on Type Two Diabetes
"Pharmaceutical firm Merck & Co., Inc. (NYSE:MRK) felt very honored and encouraged by the results, as it stated that it is about to move the treatment for initiating Phase III studies. The study on Type 2 diabetes included 685 patients who had inadequate blood-sugar control with diet and exercise. Merck & Co., Inc. now releases positive data for a new diabetes drug through its study results."

The Markets Are Open
Link: VIVUS Inc Jumps On New Data
"VIVUS, Inc. (NASDAQ:VVUS) shares soared 11% to $20.58 after Bloomberg Industries claims the prescription insurer payment rate for the company's Qsymia obesity drug rose 500 bps to 36% in its second week of availability. Vivus had previously suggested the initial coverage rate would be minimal."

Link: EC Nod for Watson's Actavis Deal - Analyst Blog

"Watson Pharmaceuticals, Inc. (NYSE:WPI) recently received the green signal from the European Commission (EC) for its proposed acquisition of privately-held generic pharma company Actavis."

Jags Report
Allergan Stock Rating Reaffirmed by Wells Fargo & Co.
"Wells Fargo & Co. (NYSE:WFC) reaffirmed their outperform rating on shares of Allergan (NYSE:AGN) in a research note released on Thursday morning....A number of other firms have also recently commented on AGN. Analysts at Credit Agricole upgraded shares of Allergan from an underperform rating to an outperform rating in a research note to investors on Monday, September 24."

Twitter: @brokawbrokaw
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