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Keryx Biopharmaceuticals (KERX) Spikes on Upgrade from Roth Capital

By  +Follow October 16, 2013 9:45AM
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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.


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Results for KERX
Stock Rocket
19 Sep 14 03:28:28
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $YPF $KERX $ATSG
Stock Rocket
19 Sep 14 02:53:06
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $TSL $KERX $GGAL
Stock Rocket
18 Sep 14 21:55:07
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/h5N34SPJ6o $YPF $KERX $ATSG
Stock Rocket
18 Sep 14 21:29:05
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/h5N34SPJ6o $TSL $KERX $GGAL
Biotech Investor
18 Sep 14 18:08:44
RT @LifeSciencesMkt: "The $KERX Slide" Everybody clap your hands Chart downslide Slide 1 Seeking Alfalfa pop Right foot stomp Left foot s…
Ethan28
18 Sep 14 16:13:18
“@ducttapesolder:Triferic iron replacement therapy maintaining hemoglobin levels.../ http://t.co/Fp5PsT9xw1 $RMTI” / Nice read, also $KERX
Mikael Furesjö
18 Sep 14 14:43:27
#Stock #Scan < #NYSE starts #trading 19Sep2014 (part2) http://t.co/mSZwqDsY20 $OCR $GNRC $CBST $PAA $FSL $TWTC $KERX $SODA $BCS
Rob Scozzafava
18 Sep 14 13:25:10
@InvestorsLive $KERX is a great short
crhz1978
18 Sep 14 13:12:47
$AVNR - after hours $12.25 #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 12:50:22
$AVNR - huge volume now....GREEN!? #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 12:46:17
$AVNR - HUGE BUY ORDERS COMING IN! #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 12:44:15
$AVNR - Tree shake - you sell..you lose! #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 12:40:38
$AVNR - buyout candidate on Phase II results? #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland
crhz1978
18 Sep 14 12:39:18
$AVNR - careful...stop losses being set off. You sell...you lose! #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN
crhz1978
18 Sep 14 12:36:54
$AVNR - careful of the shake remember what happened yesterday! #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN
•••
18 Sep 14 12:01:05
RT crhz1978: $AVNR - careful of the tree shake. #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #Ja...
crhz1978
18 Sep 14 11:58:33
$AVNR - careful of the tree shake. #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 11:36:16
$Slv and $Gld being purchased ahead of #ScottishReferendum #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN
crhz1978
18 Sep 14 11:05:50
$NBY likely to benefit from #POTUS executive order today? #news $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland
crhz1978
18 Sep 14 10:52:28
$AVNR - $12.13 on 7m share volume. #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
Investors Hangout
18 Sep 14 10:50:16
DennyT: CEF Major Holders $CEF $WLT $KERX $ABX $FSLR Buy http://t.co/JryD6xbPB7
Investors Hangout
18 Sep 14 10:50:16
DennyT: CEF Major Holders $CEF $WLT $KERX $ABX $FSLR Buy http://t.co/n0QL35ZRKj
crhz1978
18 Sep 14 10:49:48
$ACUR - actively seeking partner! #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
DennyT
18 Sep 14 10:43:01
CEF Major Holders $CEF $WLT $KERX $ABX $FSLR Buy or Sell Opinion,Parabolic SAR,High,Recent Headlines,Picking U http://t.co/piQP6MIX07
BarracudaTrades
18 Sep 14 10:41:26
"@NoanetTrader: $KERX decent intraday setup and volume" I took the MACK loss. Will revist
Jake13
18 Sep 14 10:30:44
$DUST Sell? Click here to find out if $DUST is a buy hold or sell. Watching these stocks. $KERX $KERX $KEY $UU http://t.co/FAAwTskS2w
crhz1978
18 Sep 14 10:28:53
$AVNR - here comes the GREEN! #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 10:28:38
$AVNR - $12.27 on 6m share volume. #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
NoanetTrader
18 Sep 14 10:19:58
$KERX decent intraday setup and volume
US_proptrader
18 Sep 14 10:19:24
$ACHN $AMKR $AVNR $EPIQ $HZNP $KERX $RJET $RTRX $VIMC autocharts @ http://t.co/hj7PGeTQk3
crhz1978
18 Sep 14 10:18:53
$AVNR - $12.20 on 6m share volume. #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #scottland #JanetYellen
crhz1978
18 Sep 14 10:05:18
$AVNR - $12.11 on 6m share volume. #news #alzheimers $pfe $jnj $dndn $ctic $kerx $GSK #Ebola $aapl $REGN #FederalReserve #JanetYellen
chartguy89
18 Sep 14 09:55:58
ANV Stock Chart $ANV $GOOGL $KERX $HSD.TO http://t.co/CEAlVY6SyX http://t.co/BZrNbpfvxz
Investors Hangout
18 Sep 14 09:47:05
jim50: $KERX Volume Date=Sept-18-2014 Open=13.71 http://t.co/k0E5g49581
Investors Hangout
18 Sep 14 09:47:05
jim50: $KERX Volume Date=Sept-18-2014 Open=13.71 http://t.co/EpKaQmvN2S
jim50
18 Sep 14 09:46:31
$KERX Volume Date=Sept-18-2014 Open=13.71 High=13.73 Low=13.39 Close=13.54 Volume=628715 http://t.co/HB3DBbJG77
KeydetTrader
18 Sep 14 09:40:16
Will get into $KERX on a break of 13.80
Jarrad Fiorito
18 Sep 14 09:32:07
So slow right now, time for lunch, only position is long $KERX at 13.58 looking for sell on push to $14 whole number
Jake13
18 Sep 14 09:22:06
$GE Sell? Click here to find out if $GE is a buy hold or sell. Watching these stocks. $FCX $IFON $HD $KERX htt http://t.co/JgmogDqsGG
moderneconomist.com
18 Sep 14 09:18:35
RT @InvestorsLive: $KERX nice lil red/green action
Investors Hangout
18 Sep 14 09:17:14
DennyT: GPRO Company Info $GPRO $PLUG $KERX $ETFC $VVUS http://t.co/OEQNpPKcQ5
Investors Hangout
18 Sep 14 09:17:14
DennyT: GPRO Company Info $GPRO $PLUG $KERX $ETFC $VVUS http://t.co/kN2bv3UiK3
Nathan Michaud
18 Sep 14 09:11:59
$KERX nice lil red/green action
Steve Musolino Jr
18 Sep 14 09:11:45
Long $KERX 13.70
Shane Blackmon
18 Sep 14 09:01:40
$KERX ready for a bounce? just made red to green move
iHangout
18 Sep 14 09:01:36
http://t.co/vVojvVrNNL DennyT: The Hunt for the Next 10 Bagger: GPRO Company Info $GPRO $PLUG $KERX $ETFC $VVUS http://t.co/qhC0cuMSZh
Livevol Community
18 Sep 14 09:00:14
IV30(TM) GAINER $PDLI +55.81% $INFA +21.74% $AUXL +12.6% $RPRX +12.44% $KERX +8.28% http://t.co/gwzPxhnztr
DennyT
18 Sep 14 08:57:09
GPRO Company Info $GPRO $PLUG $KERX $ETFC $VVUS Buy or Sell Opinion,200 Simple Moving Average,Close,Headlines, http://t.co/dSs4XEJp5j
Bill Gunderson
18 Sep 14 08:55:59
Sellling $KERX out of the Speculative Trading acct. for a 25% loss. Another stinker Sometimes they gap down. Luckily it was a small position
Jarrad Fiorito
18 Sep 14 08:49:24
$KERX finally above that stupid down trend line, lets get that slow grind going back towards $14
				
				
By  +Follow October 16, 2013 9:45AM
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