Clinical Trial Results, Development Collaboration, Board Appointments, Presentations, and Quarterly Results - Analyst Notes on Gilead, Questcor, Vertex, ARIAD and Puma Biotechnology - WNEM TV 5

Clinical Trial Results, Development Collaboration, Board Appointments, Presentations, and Quarterly Results - Analyst Notes on Gilead, Questcor, Vertex, ARIAD and Puma Biotechnology

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NEW YORK, May 20, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Gilead Sciences, Inc. (NASDAQ: GILD), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX), ARIAD Pharmaceuticals, Inc. (NASDAQ: ARIA) and Puma Biotechnology, Inc. (NYSE: PBYI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:

Gilead Sciences, Inc. Analyst Notes
On May 10, 2014, Gilead Sciences, Inc. (Gilead) announced results from HARMONY, a randomized, double-blind, placebo-controlled Phase 2 study that evaluates the effect of ranolazine and low-dose dronedarone, each given alone and in combination, on atrial fibrillation burden (AFB) in patients with paroxysmal atrial fibrillation (AF). The Company informed that results showed that the combination of ranolazine and low-dose dronedarone provided greater reductions in AFB from baseline than either therapy used alone. "HARMONY suggests that a new therapeutic approach of combining ranolazine and low-dose dronedarone is more effective than either therapy alone in lowering AF burden. Pending larger Phase 3 evaluation, a combination of ranolazine and low-dose dronedarone has the potential to help address a significant and growing unmet need for additional treatment options for people living with this serious disease," said Peter R. Kowey, MD, William Wikoff Smith Chair in Cardiovascular Research at Lankenau Medical Center and Professor of Medicine and Clinical Pharmacology at Jefferson Medical College, Thomas Jefferson University. The full analyst notes on Gilead are available to download free of charge at:

Questcor Pharmaceuticals, Inc. Analyst Notes
On May 14, 2014, Questcor Pharmaceuticals, Inc. (Questcor) announced that it has entered into a development collaboration agreement with an undisclosed privately held European company to develop novel melanocortin peptides. The Company informed that the collaboration includes an option to acquire the technology during clinical development. "We are particularly excited that this collaboration allows us to build on our success by investing in the development of the next generation of melanocortin therapeutics," said Steve Cartt, COO of Questcor. Cartt added, "This effort has the potential to more effectively address certain diseases where the broader melanocortin pharmacological profiles of both Acthar and Synacthen are less desirable, including new indications for which neither product is presently utilized." The Company informed that terms of this collaboration have enabled it to secure an exclusive worldwide license to the peptides and technology. The full analyst notes on Questcor are available to download free of charge at:

Vertex Pharmaceuticals Incorporated Analyst Notes
On May 7, 2014, Vertex Pharmaceuticals Incorporated (Vertex) announced that William Young has joined the Company's Board of Directors as an independent director, taking the board size to 10 members. The Company informed that Young was elected to the class of directors whose term expires in 2017. "Mr. Young is a recognized leader within the biotech industry and brings a wealth of scientific and operational experience to our Board," said Jeffrey Leiden, M.D., Ph.D., Chairman, President and CEO of Vertex. "Importantly, Mr. Young has been part of multiple life sciences companies at times of rapid growth and transition. His insights will be invaluable to Vertex as we continue to focus our business on advancing transformative medicines for people with cystic fibrosis." The full analyst notes on Vertex are available to download free of charge at:

ARIAD Pharmaceuticals, Inc. Analyst Notes
On May 14, 2014, ARIAD Pharmaceuticals, Inc. (ARIAD) announced that clinical data on Iclusig (ponatinib) and AP26113 will be presented at the Annual Meeting of the American Society of Clinical Oncology, which will be held from May 30 to June 3, 2014 in Chicago. The Company informed that a breakfast meeting featuring key investigators who will review clinical data from Iclusig and AP26113 will be webcast live on June 2, 2014 at 7:30-8:30 a.m. CT in Chicago Hilton, Marquette Room. The full analyst notes on ARIAD are available to download free of charge at:

Puma Biotechnology, Inc. Analyst Notes
On May 12, 2014, Puma Biotechnology, Inc. (Puma Biotechnology) reported Q1 2014 financial results. Q1 2014 net loss was $19.8 million, or $0.67 loss per common share, compared to a net loss of $11.8 million, or $0.41 loss per common share, in Q1 2013. As of March 31, 2014, Puma Biotechnology had cash and cash equivalents of $163.4 million and marketable securities of $32.7 million, compared to cash and cash equivalents of $43.0 million and marketable securities of $40.9 million at December 31, 2013. "During the first quarter of 2014 we achieved several important milestones, including the continued advancement of our Phase II and Phase III clinical trials for PB272," said Alan H. Auerbach, Chairman, CEO and President of Puma Biotechnology. "We look forward to continuing to advance the clinical development of PB272 during the remainder of 2014." The full analyst notes on Puma Biotechnology are available to download free of charge at:

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