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.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for KERX
HotKeyTrading
19 Dec 14 11:30:06
Unusual Options Activity: Puts: $ESRX $CCL $CBST $CBI $DO $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN http://t.co/TRx9EnjwT5 #stock
Penny Stock Secret
19 Dec 14 10:43:31
Make Money With BitCoin Every Single Day More Info Here http://t.co/SVqoMlijqL .. $TSL $KERX $GGAL
Stockaholics
19 Dec 14 10:24:48
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $YPF $KERX $ATSG
Stockaholics
19 Dec 14 09:43:53
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
Adam Feuerstein
19 Dec 14 07:04:17
@hamounk I gave myself an incomplete on $KERX since launch really kicks off next year. See bottom of report card.
Hamoun
19 Dec 14 06:39:34
@adamfeuerstein what about $kerx which you love to bash?
Penny Stock Secret
19 Dec 14 03:43:15
Make Money With BitCoin Every Single Day More Info Here http://t.co/SVqoMlijqL .. $YPF $KERX $ATSG
Ruzhen Li
19 Dec 14 03:06:39
RT @valuewalk: Hedge Funds Get Boost From Healthcare In 2014 http://t.co/zjH4tC7L5u $ACT $AGN $HLF $HCA $THC $KERX http://t.co/PAOaJnU7NQ
HotKeyTrading
18 Dec 14 23:30:07
Unusual Options Activity: Puts: $CBI $DO $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN $AMBA $FXE $XRT http://t.co/TRx9EnjwT5 #dow
Matt finston
18 Dec 14 12:51:44
Follow Baupost: $LNG, $KERX, $FWP, $ATRA, $PRTK $AVEO
Stockaholics
18 Dec 14 11:31:52
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $YPF $KERX $ATSG
HotKeyTrading
18 Dec 14 11:30:07
Unusual Options Activity: Puts: $CBI $DO $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN $AMBA $FXE $XRT http://t.co/Vv2VEnpBuv #spy
Stockaholics
18 Dec 14 10:47:52
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
HumbleBioTrader
18 Dec 14 09:25:02
RT @valuewalk: Hedge Funds Get Boost From Healthcare In 2014 http://t.co/zjH4tC7L5u $ACT $AGN $HLF $HCA $THC $KERX http://t.co/PAOaJnU7NQ
Emory Redd
18 Dec 14 09:24:44
RT @valuewalk: Hedge Funds Get Boost From Healthcare In 2014 http://t.co/zjH4tC7L5u $ACT $AGN $HLF $HCA $THC $KERX http://t.co/PAOaJnU7NQ
ValueWalk
18 Dec 14 09:24:16
Hedge Funds Get Boost From Healthcare In 2014 http://t.co/zjH4tC7L5u $ACT $AGN $HLF $HCA $THC $KERX http://t.co/PAOaJnU7NQ
ProVesting
18 Dec 14 06:48:06
$WCC $KERX: Market Wrap Up: Petroleo Brasileiro Petrobras (NYSE:PBR ... http://t.co/LH67qV4qZC http://t.co/9VtTUQW5NC
Stockaholics
18 Dec 14 06:07:43
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
Stockaholics
18 Dec 14 00:41:43
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/BuDJZVQmcq $YPF $KERX $ATSG
Stockaholics
17 Dec 14 23:57:49
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
HotKeyTrading
17 Dec 14 23:30:07
Unusual Options Activity: Puts: $DO $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN $AMBA $FXE $XRT $RAD http://t.co/Vv2VEnpBuv #dow
TickerChirp
17 Dec 14 21:24:03
The Most Popular in Twitter About $KERX (Keryx Biopharmaceutical symbol KERX) on 12/18/2014 http://t.co/a9kmNu0isB
bioILLOGICAL
17 Dec 14 18:04:51
RT @SmarterAnalyst: $KERX Cowen Initiates Outperform On Keryx Biopharmaceuticals, Sees 64% Upside http://t.co/haGvMAqSj0
DailyStockPicks
17 Dec 14 16:06:01
$ECIG buyout target of $0.50. 400% upside. Positive EBITDA and $200MM revenue in 2015 $GBX $KERX $REGN traders read: http://t.co/FpfORFAs20
Stockaholics
17 Dec 14 13:19:43
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $YPF $KERX $ATSG
Penny Stock Secret
17 Dec 14 13:16:08
The Stock Picking Service of 2014 More Info Here http://t.co/SVqoMlijqL ... $TSL $KERX $GGAL
Matt finston
17 Dec 14 13:03:01
Also forgot $PRTK 14%. $ATRA 23% two of the new Baupost biotech picks http://t.co/1qmWuynxyb also like $FWP $KERX $AVEO
Stockaholics
17 Dec 14 12:32:15
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
Tweed
17 Dec 14 12:06:49
$KERX failing $14 test multiple times today.
HotKeyTrading
17 Dec 14 11:30:07
Unusual Options Activity: Puts: $DO $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN $AMBA $FXE $XRT $RAD http://t.co/Vv2VEnpBuv #dow
Man of the Market
17 Dec 14 10:45:46
@JohnConaway do you see $KERX dropping below 12 by January?
Penny Stock Secret
17 Dec 14 06:14:31
The Stock Picking Service of 2014 More Info Here http://t.co/SVqoMlijqL ... $YPF $KERX $ATSG
dougheuring
17 Dec 14 06:09:23
RT @bradloncar: $TGTX added $STML's COO to their board. He goes back to $KERX.
Raj R
17 Dec 14 05:41:27
@bradloncar U mean former $KERX Thx
Brad Loncar
17 Dec 14 05:37:32
$TGTX added $STML's COO to their board. He goes back to $KERX.
StockNews
17 Dec 14 05:34:17
$KERX - TG Therapeutics, Inc. Announces Appointment of Kenneth Hoberman to Board of Directors http://t.co/2qeWJH9AtM
Stocks News&Markets
17 Dec 14 05:33:52
$KERX - TG Therapeutics, Inc. Announces Appointment of Kenneth Hoberman to Board of Directors http://t.co/YPm28GKXNB
NASDAQ
17 Dec 14 05:33:32
$KERX - TG Therapeutics, Inc. Announces Appointment of Kenneth Hoberman to Board of Directors http://t.co/0nx5WiCATw
Stockaholics
17 Dec 14 01:19:20
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $YPF $KERX $ATSG
Stockaholics
17 Dec 14 00:38:15
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
HotKeyTrading
16 Dec 14 23:30:07
Unusual Options Activity: Puts: $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN $AMBA $FXE $XRT $RAD $BIIB http://t.co/TRx9EnjwT5 #mkt
Analyst Ratings
16 Dec 14 13:48:00
This Stock Recieved its Third Buy in a Row $KERX http://t.co/8mo1wHsUYk
Samuel Brown
16 Dec 14 13:32:18
$KERX Why Did Baupost Double Its Stake In Keryx Biopharmaceuticals? http://t.co/5dTlDdFd9e
HotKeyTrading
16 Dec 14 11:30:07
Unusual Options Activity: Puts: $KERX $ATVI $SVXY $SU $WLL $JD $LINE $BKW $MS $GRPN $AMBA $FXE $XRT $RAD $BIIB http://t.co/S8EjpWh6wB #nyse
Stockaholics
16 Dec 14 10:56:36
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
US_proptrader
16 Dec 14 10:55:45
$CLDX $GLUU $HIMX $KERX $LINE $OAS $RUSL $VNR $YNDX autocharts @ http://t.co/rTnYb8yj59
HotKeyTrading
16 Dec 14 07:30:07
Gap Downs: $PLD $CBB $NUE $NVDA $HPY $HAIN $ETFC $MHFI $IPG $PUK $ANSS $AKR $TROW $KERX $WU http://t.co/TRx9EnjwT5 #wallstreet #stock #nyse
HotKeyTrading
16 Dec 14 03:00:15
Insiders Buying: $DKS $DFT $WCC $IDRA $CMP $CASY $QTWW $ENTA $WMS $BURL $KERX $VECO $CYH $SKYW $NS http://t.co/Vv2VEnpBuv #swingtrading
Stockaholics
16 Dec 14 02:49:33
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $YPF $KERX $ATSG
Stockaholics
16 Dec 14 02:03:58
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $TSL $KERX $GGAL
				
				
By  +Follow October 16, 2013 9:45AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

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