logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Keryx Biopharmaceuticals (KERX) Spikes on Upgrade from Roth Capital

By  +Follow October 16, 2013 9:45AM
Share:
Tickers Mentioned:

Shares in Keryx Pharmaceuticals (KERX) joined the market rally on Wednesday with gusto, climbing nearly 20 percent on news that it was being upgraded by several analysts. Keryx has been experiencing a strong year since getting back solid data from a Phase III trial on its phosphate-binder Zerenex, which is intended for use by dialysis patients.

Upgrades from Roth Capital, Maxim Group

Keryx's Wednesday bounce can be attributed to a bullish recommendation from Dr. Joseph Pantginis at Roth Capital, who reiterated his buy rating while raising his price target from $16 to $24. In a September 24 interview with Seeking Alpha’s Ben Yoffe, Pantginis cited the 52 percent reduction in IV iron use by patients in the Phase III clinical study as being an important factor.

“We believe the ‘iron sparing’ component of Zerenex' profile will differentiate the drug upon anticipated approval,” he said. “We believe that not enough emphasis is currently being placed by the street on the iron sparing parameters seen to date, especially in the Phase III. The pharmacoeconomic benefit that can be seen using Zerenex can easily reach hundreds of millions of dollars with reduced iv iron and ESA use such as Epogen.”

Issuing a much more bearish, but nonetheless positive, outlook on August 1 were Maxim Group analysts, who upgraded the stock to a buy and raised the price target from $9 to $12.

Zerenex Approval by FDA Continues Strong Year

News of the positive Phase III study results initially caused Keryx’s stock to more than triple from January 18 to January 30 of this year. So far, the stock’s up nearly 300 percent on the year. The most recent increase also comes on the heels of news that the New Drug Application (NDA) for Zerenex had been approved by the FDA on Tuesday of last week.

"We are very pleased with the FDA's acceptance for filing of our NDA for Zerenex, as this represents an important achievement in the development of Zerenex,” said CEO Ron Bentsur at the time. “We believe that Zerenex has the potential to make a meaningful difference in the lives of patients with chronic kidney disease on dialysis, and we look forward to continuing to work with the FDA in its review process of the Zerenex NDA."

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Signup for our daily newsletter and get our best articles emailed right to you!

Results for KERX
ProVesting
2 Aug 15 09:10:02
$KERX $V: Hot Stock List: Keryx Biopharmaceuticals Inc. (NASDAQ:KERX ...: http://t.co/NTIuAb5gSm
Michael Cook
1 Aug 15 23:46:28
Our Stock Alerts Gained Over 550% In July! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $YPF $KERX $ATSG
Michael James
1 Aug 15 23:45:02
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $YPF $KERX $ATSG
Paul Henry
1 Aug 15 23:42:25
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $YPF $KERX $ATSG
Michael Cook
1 Aug 15 23:14:01
Our Stock Alerts Gained Over 550% In July! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Michael James
1 Aug 15 23:12:23
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $TSL $KERX $GGAL
Paul Henry
1 Aug 15 23:09:54
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $TSL $KERX $GGAL
Michael Cook
1 Aug 15 20:25:24
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Joe
1 Aug 15 20:01:08
Bios w/ >30% of float shorted: $insy (59%!) $tkai $mnkd $mygn $srpt $ziop $sppi $vvus $ardx $orex $amri $kerx $ovas $rgls $enta $exas $epzm
Michael James
1 Aug 15 18:55:34
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $YPF $KERX $ATSG
Paul Henry
1 Aug 15 18:16:12
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpAiFK $YPF $KERX $ATSG
Michael James
1 Aug 15 18:04:15
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $TSL $KERX $GGAL
Paul Henry
1 Aug 15 17:34:10
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $TSL $KERX $GGAL
Michael Cook
1 Aug 15 17:14:01
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0wdoH $YPF $KERX $ATSG
Michael Cook
1 Aug 15 16:38:29
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0wdoH $TSL $KERX $GGAL
Stock_Huntress
1 Aug 15 14:37:46
New to trading and need to build your trading account FAST? Try my new amazon ebook http://t.co/uIocDsEDJW $ATVI $RENT $KERX
Trade Forex Signals
1 Aug 15 14:29:06
Counter Trend Bounce $KERX http://t.co/W1io9Ieg0G ~ via http://t.co/Kd2qwcsyit
TV_Trading Ideas
1 Aug 15 14:24:32
Counter Trend Bounce $KERX http://t.co/AffO0w7old
Dora Anderson
1 Aug 15 12:16:49
RT @dougheuringaria: JMP Rx Launch Tracker –Trends for Xtandi, Iclusig, Otezla, and Auryxia $MDVN $ARIA $CELG $KERX http://t.co/R0a0aIC1kU
StockEarnings.com
1 Aug 15 12:05:39
$KERX Since last ER, stock dropped 26%. Will drop continue aftr ER on 8/5 Before Open? http://t.co/QhHeRQ1xaB
Michael James
1 Aug 15 11:58:31
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $YPF $KERX $ATSG
Paul Henry
1 Aug 15 11:47:50
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $YPF $KERX $ATSG
Michael Cook
1 Aug 15 10:26:12
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Michael Cook
1 Aug 15 06:51:41
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Greg David
1 Aug 15 06:12:37
http://t.co/APzP66vnr4 nailed 22 picks in a row last week. Awesome. Google them. Related: $APOL $SMFG $HSC $KERX $VLY $ITEK $VIP
Wall Street
1 Aug 15 05:28:09
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $KEG $EJ $KERX $SPF $PWE
Wall Street
1 Aug 15 04:57:15
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $KEG $EJ $KERX $SPF $PWE
Paul Henry
31 Jul 15 22:22:11
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $TSL $KERX $GGAL
Michael James
31 Jul 15 22:20:16
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $TSL $KERX $GGAL
Michael Cook
31 Jul 15 21:56:26
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Michael James
31 Jul 15 19:28:30
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $YPF $KERX $ATSG
Michael Cook
31 Jul 15 19:05:29
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $YPF $KERX $ATSG
Michael James
31 Jul 15 18:55:21
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $TSL $KERX $GGAL
Paul Henry
31 Jul 15 18:54:14
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $TSL $KERX $GGAL
Michael Cook
31 Jul 15 18:32:52
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Michael James
31 Jul 15 16:09:18
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $YPF $KERX $ATSG
Michael Cook
31 Jul 15 16:09:07
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $YPF $KERX $ATSG
Paul Henry
31 Jul 15 16:06:35
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $YPF $KERX $ATSG
Michael James
31 Jul 15 15:36:39
After A MASSIVE 525% Gain On $GEQU, We Have A New Pick Ready! Special Update: http://t.co/wFGuoX67mX $TSL $KERX $GGAL
Michael Cook
31 Jul 15 15:36:15
Our Stock Alerts Gained Over 550% This Month Already! See Our Huge New Pick Coming This Week: http://t.co/abs4Q0eCx9 $TSL $KERX $GGAL
Paul Henry
31 Jul 15 15:34:00
Our Penny Stock Picks Have Gained 3,600% In 10 Months! Get Early Access To Our Next Pick: http://t.co/xXdYdpiHOc $TSL $KERX $GGAL
Kristina Duering
31 Jul 15 13:06:57
RT @BosBizDon: This was so popular a few weeks ago I'm tweeting again: How short sellers threaten innovations $SRPT $OVAS $KERX http://t.co…
Don Seiffert
31 Jul 15 13:03:51
This was so popular a few weeks ago I'm tweeting again: How short sellers threaten innovations $SRPT $OVAS $KERX http://t.co/n04Mrw0vNx
V.S. Schulz
31 Jul 15 12:59:35
RT @dougheuringaria: JMP Rx Launch Tracker –Trends for Xtandi, Iclusig, Otezla, and Auryxia $MDVN $ARIA $CELG $KERX http://t.co/R0a0aIC1kU
dougheuring
31 Jul 15 12:48:14
JMP Rx Launch Tracker –Trends for Xtandi, Iclusig, Otezla, and Auryxia $MDVN $ARIA $CELG $KERX http://t.co/R0a0aIC1kU
WatchTheFunds
31 Jul 15 08:27:02
$KERX Institutional ownership up 1.39% Q/Q, with 991,248 net purchase http://t.co/YS7zmgzxlu http://t.co/JUcOY9bV1t
Wall Street
31 Jul 15 06:40:33
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $KEG $EJ $KERX $SPF $PWE
Wall Street
31 Jul 15 06:01:01
The Penny Stock Superstar team voted #1 OTC trading group. http://t.co/cQ0lLTokka Related: $KEG $EJ $KERX $SPF $PWE
Greg David
31 Jul 15 04:50:00
Check out http://t.co/L45nqe1EWr. Top rated OTC trading group. Related: $CROX $VSH $CVE $LL $KERX $WBAI
Stock_Huntress
30 Jul 15 20:31:04
New to trading and need to build your trading account FAST? Try my new amazon ebook http://t.co/uIocDsEDJW $ATVI $RENT $KERX
				
				
By  +Follow October 16, 2013 9:45AM
Share:

Comments

 

blog comments powered by Disqus

 Today's Must Reads

Beyond Twitter: 5 Small-Cap Tech Plays Nobody’s Talking About


Will the Fed Continue Its Track Record of Unprecedented Moves?

Facebook versus Google: Who Rules the Internet?

Are These the Worst Business Documentaries on Netflix?


Saving the

Small-Cap Market

 

Small-cap stocks offer investors many benefits, ranging from higher growth potential to overlooked value opportuni... in Equities.com's Hangs on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN