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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
Jake13
4 Mar 15 00:01:46
KERX Year to date has changed -7.84% percent. +7.50% in the last 30 days. $KERX Keryx Biopharmaceuticals Full http://t.co/QqDbLvmmTp
Jake13
4 Mar 15 00:01:24
$KERX KERX Stock year to date has changed -7.84% percent. +7.50% in the last 30 days. $KERX Keryx Biopharmaceuticals http://t.co/jusmLeMuoL
chartguy89
3 Mar 15 23:40:28
KERX 13.04 Keryx Biopharmaceuticals Stock Charts $KERX Last Updated: 03/03/15 Last price: 13.04 Total volume: http://t.co/HkWWYY9BIi
chartguy89
3 Mar 15 23:40:12
$KERX KERX 13.04 Keryx Biopharmaceuticals Stock Charts $KERX Last Updated: 03/03/15 Last price: 13.04 Total volume: http://t.co/BKayUdx6CO
Nate Quinn
3 Mar 15 21:21:37
$KERX has some nice candle action, might be a 200ma magnet here http://t.co/56HpBFLS9o
S Manian
3 Mar 15 20:47:40
RT @FonsieTrader: 6 Hot Stocks Watch Tomorrow, Wednesday 04 $KERX, $S, $IDCC, $ZNGA, $CTIC, $RPRX http://t.co/aeJKcEIhJE #stocks #trading
Katsu
3 Mar 15 16:37:19
crazy vol $OREX glad i made more $$ on log side than short. somehow when $OREX $ARIA $KERX run, they move very similar way
Jonathan Morosini
3 Mar 15 16:23:05
@PAntompietri Oh I'm aware. Long for 2 years, surrounded by ppl long since 2012. I've just been trading $ATHX, hoping to sell for more $kerx
Donny
3 Mar 15 16:13:05
@adamfeuerstein: It's exhausting, isn't it? $KERX script data improved at all? Still bearish?
SwingTradeBot
3 Mar 15 15:00:56
Scan results - Crossed Above 50 DMA today: $NTRI $SCMP $KERX $AES $GPS $RCL $PKX $L $CROX $MPEL ... http://t.co/9E2JpdXxLK
FonsieTrader
3 Mar 15 14:53:47
6 Hot Stocks Watch Tomorrow, Wednesday 04 $KERX, $S, $IDCC, $ZNGA, $CTIC, $RPRX http://t.co/aeJKcEIhJE #stocks #trading
Paul Antompietri
3 Mar 15 12:36:53
$KERX breakout. http://t.co/PatRwhNP9B
i_like_bb_stock
3 Mar 15 12:00:58
$KERX nice day all day
Bruce McDowell
3 Mar 15 11:25:40
RT @FonsieTrader: $KERX There it goes #stocks #trading
NoanetTrader
3 Mar 15 11:16:05
$KERX great relative strength all day
FonsieTrader
3 Mar 15 11:13:02
$KERX There it goes #stocks #trading
Bruce McDowell
3 Mar 15 10:55:22
RT @fm23: $KERX http://t.co/GtpPiMpEsH
Bruce McDowell
3 Mar 15 10:55:11
RT @RamosInvestment: $KERX $12.98 on watch, shorts are releasing today
Bruce McDowell
3 Mar 15 10:53:22
RT @rightviewrob: $KERX - Cup and Handle Breakout http://t.co/iWrFINBMJJ
Nicholas Ramos
3 Mar 15 10:14:10
$KERX at resistance, this could get very interesting! Earnings report minimized risk, short was close to 24%. Scripts in focus for Friday
Stock Rocket
3 Mar 15 10:09:19
Our Penny Stock Pick On $BYSD Gained Another 80% Today! Get Our New Pick Early: http://t.co/E259yKbTSj $TSL $KERX $GGAL
FonsieTrader
3 Mar 15 10:03:34
$KERX Chart view! Has now, a large room to cllimb #stocks #trading http://t.co/d2BEUWJkEZ
Bruce McDowell
3 Mar 15 10:00:38
RT @FonsieTrader: $KERX working very well after breaking its 50EMA! Long setup #stocks #trading
FonsieTrader
3 Mar 15 09:57:38
$KERX working very well after breaking its 50EMA! Long setup #stocks #trading
Rob Moreno
3 Mar 15 09:43:45
$KERX - Cup and Handle Breakout http://t.co/iWrFINBMJJ
The Legacy News
3 Mar 15 09:42:30
BTIG Research Reaffirms Hold Rating for Keryx Biopharmaceuticals $KERX http://t.co/J3YD5uFG81
Breaking News Now
3 Mar 15 09:06:05
$KERX: Roth Capital Cuts Keryx Biopharmaceuticals Price Target to $27.00 ...: http://t.co/Uj0K9iEmEX
danrocks
3 Mar 15 09:06:02
Right now KERX is number 93 for the largest percentage gain out of 241 stocks. $KERX KERX is up +4.86% in the http://t.co/k6GRpfmRbb
Sleek Money
3 Mar 15 09:05:58
Roth Capital Cuts Keryx Biopharmaceuticals Price Target to $27.00 $KERX http://t.co/rSK3FPsFUd
danrocks
3 Mar 15 09:05:39
$KERX KERX Stock is number 93 for the largest percentage gain out of 241 stocks. $KERX KERX is up +4.86% in the last http://t.co/Wpp0QZpB8x
ProTradersNews
3 Mar 15 08:56:03
$KERX: Stifel Nicolaus Lowers Keryx Biopharmaceuticals Price Target to ...: http://t.co/1nhgbjXNFy
InterCooler
3 Mar 15 08:50:07
Stifel Nicolaus Lowers Keryx Biopharmaceuticals Price Target to $19.00 $KERX http://t.co/bMIsrepZaF
FonsieTrader
3 Mar 15 07:46:47
$KERX watch here #stocks #trading #traders
FonsieTrader
3 Mar 15 07:14:01
$KERX Heading up nicely! Long idea over $12.92 #stocks #trading http://t.co/OyO7qqvAr8
Nicholas Ramos
3 Mar 15 07:13:14
$KERX $12.98 on watch, shorts are releasing today
John Smith
3 Mar 15 07:06:26
$AEZS surging 15% . #Euro #cncb #jimcramer $gsk $shpg $azn $c #investing #money #biotech $eglt $aria $kerx
John Smith
3 Mar 15 07:03:58
$aezs surging!!!!! . #Euro #cncb #jimcramer $gsk $shpg $azn $c #investing #money #biotech $eglt $aria $kerx
Javier Restrepo
3 Mar 15 04:55:22
RT @fm23: $KERX http://t.co/GtpPiMpEsH
Phil Martin
3 Mar 15 04:18:29
$KERX http://t.co/GtpPiMpEsH
BreakingStocksNews
3 Mar 15 03:21:05
$KERX: Stifel Nicolaus Analyst Recommendation Update on Keryx ...: http://t.co/dhhoQgm3BC
Stockaholics
2 Mar 15 23:36:49
Our Penny Stock Pick On $THCZ Has Continues To See Gains! Special Update: http://t.co/ZH4BZ571Gt $YPF $KERX $ATSG
DailyStockPicks
2 Mar 15 22:54:15
This $100M market cap #biotech stock has gotten 3 orphan drug designations in 3 weeks $FNFG $IEX $KERX investors read http://t.co/r6XCUvJp21
Stockaholics
2 Mar 15 19:33:15
Our Penny Stock Picks Gained Over 342% In 2 weeks! Get Our Next Alerts Early: http://t.co/qQz3D4xEz2 $YPF $KERX $ATSG
Stockaholics
2 Mar 15 19:15:19
Our Penny Stock Picks Gained Over 342% In 2 weeks! Get Our Next Alerts Early: http://t.co/qcRKaKMHfM $TSL $KERX $GGAL
Jonathan Rockoff
2 Mar 15 17:16:19
RT @AndyBiotech: Cowen Mar. #Biotech Thermometer Most Loved: $BIIB $CELG $CEMP $CLDX $REGN Most Hated: $AEGR $EXEL $KERX $ONTY $SRPT http…
Mark B. Spiegel
2 Mar 15 15:28:48
@mrjongullett In biotech I'm short $KERX (from $16s) & EXAS (from $28s). I covered IBB short last week at a loss-- I'm afraid of it, lol.
PCG Advisory Group
2 Mar 15 13:49:39
$KERX Keryx Biopharmaceuticals’ Q4 Loss Wider than Expected – Analyst Blog. http://t.co/vcMdxO2PJW
John Smith
2 Mar 15 13:32:19
$ACUR beats on EPS and revenue. #cnbc #msnbc #money #stocks $aria $kerx $jnj $pfe $gks $mrk $azn
US_proptrader
2 Mar 15 12:20:46
$CUBA $KERX $KND $ONCY $RESN $RPTP $SALT $VLCCF $ZAGG autocharts @ http://t.co/cLiki3R0GR
The Legacy News
2 Mar 15 11:56:15
Keryx Biopharmaceuticals Price Target Cut to $19.00 by Analysts at Stifel Nicolaus $KERX http://t.co/Vwvt3PZqPj
				
				
By  +Follow October 16, 2013 9:45AM
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