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Public Offerings of Common Stock, Financial Results, and Significant Progress in Key Development Programs - Research Report on BioCryst, Exelixis, Idenix, Puma Biotechnology, and Halozyme
Date:8/12/2013

NEW YORK, August 12, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), Exelixis, Inc. (NASDAQ: EXEL), Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX), Puma Biotechnology, Inc. (NYSE: PBYI), and Halozyme Therapeutics, Inc. (NASDAQ: HALO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

BioCryst Pharmaceuticals, Inc. Research Report

On August 5, 2013, BioCryst Pharmaceuticals, Inc. (BioCryst) announced that underwriters of the Company's recent public offering of its common stock have fully exercised their option to purchase additional 600,000 shares. The Company expects $20.2 million of total gross proceeds from the offering to BioCryst, which includes proceeds from the exercise of the over-allotment option. BioCryst stated that the offering, including the sale of additional shares will close on August 6, 2013 subject to customary closing conditions and it intends to use net proceeds of the same towards second generation hereditary angioedema compounds and pre commercialization activities related to intravenous peramivir. The Full Research Report on BioCryst Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f9b1_BCRX]

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Exelixis, Inc. Research Report

On August 6, 2013, Exelixis, Inc. (Exelixis) reported Q2 2013 financial results. The Company generated net revenues of $11.9 million, up 51.7% YoY. According to Exelixis, the increase was due to $4 million of net product revenue resulting from the sale of COMETRIQ. Net loss was $62.2 million, or $0.34 per basic share, compared with $36.5 million, or $0.25 per basic share, in Q2 2012. Michael M. Morrissey, Ph.D., President and CEO of Exelixis said, "While continuing to focus on enrollment of the COMET phase 3 pivotal trials as our top priority, we initiated the METEOR phase 3 pivotal trial in metastatic hepatocellular carcinoma (HCC). In addition, the overall survival and post-hoc analyses from the phase 2 NRE metastatic CRPC cohort were presented at the ASCO Annual Meeting and those data continue to support the rationale for the COMET pivotal trials in metastatic CRPC, for which we continue to expect top-line data in 2014." The Full Research Report on Exelixis, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/73be_EXEL]

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Idenix Pharmaceuticals, Inc. Research Report

On August 7, 2013, Idenix Pharmaceuticals, Inc. (Idenix) reported Q2 2013 financial results with total revenues of $0.1 million, down 92.2% YoY. Q2 2013 net loss was $28.9 million, or $0.22 per basic share, compared with $25.4 million, or $0.23 per basic share, in Q2 2012. Ron Renaud, President and CEO of Idenix said, "In the second quarter, we saw significant progress of our lead HCV development program, samatasvir, and continue to be on track to report data from the first patient cohort in the fourth quarter of this year. We remain committed to our HCV nucleotide franchise, and we are actively pursuing additional paths forward with the ultimate goal remaining the evaluation of an all-oral internally developed pan-genotypic combination regimen including samatasvir and a nucleotide inhibitor." The Full Research Report on Idenix Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c979_IDIX]

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Puma Biotechnology, Inc. Research Report

On August 6, 2013, Puma Biotechnology, Inc. (Puma Biotechnology) reported Q2 2013 financial results. The Company reported Q2 2013 net loss applicable to common stock of $12.6 million, or $0.44 per share, compared with a net loss of $14.8 million, or $0.74 per share, in Q2 2012. Alan H. Auerbach, CEO and President of Puma Biotechnology said, "During the second quarter of 2013, we achieved an important clinical milestone for PB272 with the initiation of our Phase III trial in patients with HER2-positive metastatic breast cancer who have failed two or more prior treatments. We look forward to aggressively recruiting for this trial during the remainder of this year and first half of next year." The Full Research Report on Puma Biotechnology, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4d27_PBYI]

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Halozyme Therapeutics, Inc. Research Report

On August 7, 2013, Halozyme Therapeutics, Inc. (Halozyme) reported Q2 2013 financial results with total revenues of $14.5 million, up 86.3% YoY. Net loss for Q2 2013 was $22.9 million, or $0.20 per share, compared with $14 million, or $0.13 per share, in Q2 2012. Gregory I. Frost, Ph.D., President and CEO of Halozyme said, "Significant regulatory milestones were achieved with Baxter's HyQvia and Roche's Herceptin last quarter. Working with our partners, we look forward to bringing these life-changing treatments to patients and medical communities across Europe." The Full Research Report on Halozyme Therapeutics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ea1b_HALO]

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