With a cheaper version of its blockbuster arthritis drug Remicade likely heading for the market soon, is Johnson & Johnson (JNJ) facing a repeat of the patent cliff that rocked drug makers just a few years ago?
The FDA released documents last month suggesting that a proposed biosimilar of Remicade is close enough to be used to treat the same conditions, including arthritis. The drug, developed by the Korean firm Celltrion, received the endorsement of the agencys advisory panel with a 21 to 3 vote.
Biosimilars are cheaper-priced copies of biologic drugs, which unlike pharmaceuticals are made from living cells. Unlike traditional generics, biosimilars are not exactly identical to the brand drug. The FDA requires that the new versions be highly similar to the original drug. But they do typically cost 20% to 30% less than the original drug, which is sure to please U.S. insurers rebelling against high drug prices.
It has taken years for the FDA to put an approval pathway in place. But earlier this year, Novartis (NVS) launched the first biosimilar in the U.S.
Best Dow Dividend Companies For 2016: Cullen/Frost Bankers, Inc.(CFR)
Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories, and accounts receivable; acquisition financing; commercial leasing; and treasury management services. The company also offers consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. It international banking services comprise accepting deposits, making loans, issuing letter of credits, handling foreign col lections, transmitting funds, and dealing in foreign exchange. In addition, the company acts as correspondent for approximately 247 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services consisting of sales and trading, new issue underwriting, money market trading, and securities safekeeping and clearance; and supports international business activities. Further, it offers insurance and securities brokerage services; holds securities for investment purposes; and provides loans to qualified borrowers, as well as offers investment management services to Frost-managed mutual funds, institutions, and individuals. The company operates approximately 126 financial centers and approximately 1,200 ATMs in Texas. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.
- [By Namitha Jagadeesh]
UniCredit SpA and Standard Chartered Plc climbed more than 2 percent each as a gauge of lenders advanced. Randgold Resources Ltd. and Polymetal International Plc jumped more than 8 percent as the price of gold rose. Cie. Financiere Richemont SA (CFR) and Swatch Group AG advanced more than 1 percent as a report showed Swiss watch exports increased last month.
- [By Sofia Horta e Costa]
Sanofi fell 2.6 percent after withdrawing a U.S. application for a diabetes drug. Cie. Financiere Richemont (CFR) SA dropped 2.3 percent as revenue missed analysts estimates. Vivendi SA advanced 2.7 percent after saying it will begin a formal study to separate its French phone unit from its media businesses. Home Retail Group Plc (HOME) surged 5.4 percent to a two-year high as sales exceeded projections.
Best Dow Dividend Companies For 2016: Marathon Oil Corporation(MRO)
Marathon Oil Corporation, through its subsidiaries, operates as an international energy company with operations in the United States, Canada, Africa, the Middle East, and Europe. It operates through three segments: Exploration and Production, Oil Sands Mining, and Integrated Gas. The Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta, Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Integrated Gas segment markets and transports products manufactured from natural gas, such as liquified natural gas and methanol. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is based in Houston, Texas.
- [By Joshua Bondy]
The smaller players
Marathon Oil (NYSE: MRO ) recently spun off its downstream assets into Marathon Petroleum. Marathon Oil’s development of the Bakken and Eagle Ford are the main changes boosting its production volumes. Year-over-year, its second quarter U.S. volumes increased 38%. The Eagle Ford alone averaged 80 Mboepd and the Bakken averaged 39 Mboepd.
- [By Ben Levisohn]
Fundstrat’s Thomas Lee argues that investors need to add value and low quality stocks like Ford Motor (F), Marathon Oil (MRO), Mosaic (MOS), and First Solar (FSLR) to their portfolios to take advantage of rising oil prices, a cheaper dollar and a rebound in high yield. He explains why:
- [By Matt Egan]
Before Tuesday, Big Oil’s credit ratings had been left largely intact by S&P. But with oil sinking back to $30 a barrel, the ratings firm took action by downgrading Chevron (CVX), EOG Resources (EOG), Apache (APA), Devon Energy (DVN), Hess (HES), Marathon Oil (MRO), Murphy Oil (MUR), Continental Resources (CLR) and Southwestern Energy (SWN).
Hot Defensive Companies For 2016: Tableau Software, Inc.(DATA)
Tableau Software, Inc. (Tableau), incorporated on July 19, 2004, offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies. The Company’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud-based platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet. The Company’s products are used by people across a range of organizations, including small and medium-sized businesses, government agencies, universities, research institutions and non-profits
The Company’s VizQL is a computer language for describing pictures of data, including tables, graphs, charts, maps, time series and tables of visualizations. VizQL statements define the mapping from records returned from a database to graphical marks on a screen. VizQL procedures define both the resulting picture and the database query. VizQL’s interpreter is optimized for interactive use, enabling visualization and drawing of data sets. Tableau’s Live Query Engine interprets abstract queries generated by VizQL into syntax understandable by database systems. Queries generated by the Company’s Live Query Engine are interpreted and run by the database, with only the results of each query rendered. Its Live Query Engine is compatible with over 40 data sources. The Company’s In-Memory Data Engine allows people to analyze data independently of database systems. Tableau’s In-Memory Data Engine is based on a column-oriented format and analyzes data in random access memor y (RAM).
The Compa! ny’s Tableau Desktop product provides a visual window into data trapped in spreadsheets and databases by integrating data analysis and visualization. Tableau Desktop’s capabilities include visual analytics, analytical depth, data access, live query, in-memory query, data integration, and sharing and presentation. Tableau Desktop’s interface is built on VizQL, which is capable of describing visual presentations of data, including tables, maps, time series, dashboards and tables of graphs. Users of Tableau Desktop can filter and sort their data, create calculations, drill into underlying information, define sets and cohorts, perform statistical analysis and derive correlations between various data sets. Tableau Desktop lets people access and query a range of data sources, from traditional database systems, such as Oracle and Structured Query Language (SQL) Server, to new data stores, including SAP HANA and Amazon Redshift, to Web applications, such as Salesforce and Google Ana lytics, to spreadsheets and files, to newly emerging data sources, including Hadoop and NoSQL databases. Tableau Desktop translates users’ interactions into live queries. Tableau Desktop generates queries in a range of query languages, including SQL, Multidimensional Expressions (MDX) and Salesforce Object Query Language (SOQL). Tableau Desktop contains an in-memory data engine that can be used for analysis. Tableau Desktop provides various ways for people to combine data without requiring a typical data loading and transformation project. Tableau Desktop allows users to author and distribute visualizations and dashboards. Users can publish their workbooks to Tableau Server or Tableau Online enabling others in the organization to access them using a Web browser or a mobile device.
The Company’s Tableau Server product has capabilities, such as shared content, shared data, universal access, integration, scalability, security and adminis tration. Tableau Server provides a repository of shared visu! alization! s and dashboards within an organization. Tableau Server is a platform for shared analysis and shared data. Tableau Server enables sharing of content across desktop, mobile and Web clients. Tableau Server offers application program interfaces (APIs) that help developers, customers and partners embed and control the Company’s software from portals, Websites and other enterprise applications. The Company also offers command line utilities to automate management tasks and data upload tools to move data into Tableau Server. Tableau provides APIs to allow administrators to automate routine management processes. Tableau Server provides a security model that includes authentication, data and network security. Tableau Server is also built on a multi-tenant architecture that allows administrators to partition a single system across user populations, providing for separation of content.
The Company’s Tableau Online product is built on the Tablea u Server platform. Tableau Online runs in a data center and can be accessed by clients remotely using Tableau Desktop, a browser or a mobile device. Its capabilities include Hybrid data connectivity and On-premises data sync. Tableau Online supports both live connectivity and in-memory extracts of cloud databases, including Amazon Redshift, Google BigQuery and Microsoft SQL Azure. Tableau Online provides synchronizing of on-premises data, such as Microsoft Excel and Oracle to the cloud. This enables customers to keep their data.
The Company’s Tableau Public product is a cloud-based offering that is available for anyone to use with public data. Tableau Public allows users of various backgrounds, from bloggers and journalists to researchers to government workers, to visualize public data on their Websites. Using Tableau Public, data can be transformed into interactive graphs, dashboards and maps to be seen on the Web. Tableau Public’s c apabilities include Web scale, Embedding and social reach. T! ableau Pu! blic is a scalable, multi-tenant, online infrastructure that is based at a third-party Web hosting facility. Tableau Public views can be embedded in Web pages and blogs.
The Company’s Vizable turns data into graphs that can be shared directly from an iPad. Vizable is an offering that enables users to explore data without requiring a server or any cloud-based services. It queries data, aggregates, and generates a visualization on the tablet. With Vizable, people can interact with their data anywhere by using hand gestures, such as pinching, swiping, and dragging to receive instant feedback.
The Company competes with Amazon.com, Inc., Google Inc., IBM, Microsoft Corporation, Oracle Corporation, Salesforce, SAP SE, Qlik, MicroStrategy and TIBCO Software Inc.
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.
Pier 1 Imports Inc (NYSE: PIR) Dec16 5.0 Puts Sweep: 1191 @ ASK $0.80: 1354 traded vs 102 OI: $5.32 Ref Alcoa Inc (NYSE: AA) Jul16 9.5 Puts Sweep: 1494 @ ASK $0.13: 14k traded vs 6682 OI: $10.09 Ref Sarepta Therapeutics Inc (NASDAQ: SRPT) Jul16 10.0 Puts: 3536 @ ASK $0.50: 5506 traded vs 54k OI: Earnings 8/4 $22.50 Ref Tableau Software Inc (NYSE: DATA) Jul16 47.5 Puts Sweep: 837 @ ASK $0.30: 995 traded vs 37 OI: Earnings 8/3 $50.60 Ref Yandex NV (NASDAQ: YNDX) Aug16 18.0 Puts Sweep: 532 @ ASK $0.30: 2143 traded vs 78 OI: Earnings 7/28 Before Open $22.02 Ref Wolverine World Wide, Inc. (NYSE: WWW) Aug16 22.5 Puts: 719 @ ASK $1.35: 1032 traded vs 0 OI: Earnings 7/19 $22.22 Ref Conn's Inc (NASDAQ: CONN) Jan17 5.0 Puts Sweep: 605 @ ASK $0.85: 1355 traded vs 3132 OI: $7.16 Ref
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