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Endo International plc (ENDP)

  • Sep. 17, 2013, 10:35 AM
    • Goldman is out resuming and starting coverage on a bevy of healthcare names. Here are the bullish calls.
    • Auxilium Pharmaceuticals (AUXL +2.9%) started at Buy (price target $23) as "very positive feedback from urologists [makes the firm] more comfortable that [AUXL] will be a solid growth story over the next several years." (see recent Xiaflex coverage)
    • Endo Pharmaceuticals (ENDP +0.7%) resumed at Buy (price target $52) as new CEO Rajiv De Silva "has a strong track record of delivering value to shareholders." (see coverage of shareholder value initiatives/ restructuring)
    • Jazz Pharmaceuticals (JAZZ +0.9%) initiated at Buy (price target $105) as the company's focus on "niche specialty areas that require limited investment, have significant pricing flexibility and have substantial barriers to entry" is underappreciated. Also, Goldman thinks JAZZ is an "attractive acquisition candidate." (see coverage on Irish domiciled takeout chatter)
    • Valeant Pharmaceuticals (VRX +1.2%) resumed at Conviction Buy (price target $130) as investors "have not fully recognized the incremental value from its recent strategic acquisition of Bausch & Lomb."
    | Sep. 17, 2013, 10:35 AM | Comment!
  • Sep. 4, 2013, 11:36 AM
    • Endo Pharmaceuticals (ENDP +2.2%) and BioDelivery Sciences (BDSI +0.2%) update investors on the Phase 3 development of BEMA Buprenorphine.
    • Interim analyses show no adjustments to the sample size in the opioid naive study will be necessary.
    • Patients will be added to the opioid experienced trial.
    • ENDP says "no major impact is anticipated for the timing of the NDA submission" but notes that more definitive data regarding timetables will be provided once patient enrollment for the opioid experienced trial is complete. (PR)
    | Sep. 4, 2013, 11:36 AM | 1 Comment
  • Jun. 7, 2013, 2:48 PM
    Endo Health Solutions (ENDP +2%) moves up today as Jefferies raises its price target from $37 to $45. Jefferies note that after just 4 months on the job as CEO, Rajiv DeSilva has shown an impressive grasp of the business and inspired confidence in his new model.
    | Jun. 7, 2013, 2:48 PM | Comment!
  • Jun. 5, 2013, 4:35 PM
    Endo Health Solutions (ENDP) rises 2% AH after announcing initiatives to drive shareholder value. Among the company's plans: A $325M reduction in annual operating expenses, the exploration of strategic alternatives for its HealthTronics business, the pursuit of "accretive acquisitions," and the improvement of R&D efficiency. (PR)
    | Jun. 5, 2013, 4:35 PM | Comment!
  • May 13, 2013, 12:20 PM
    Endo Health Solutions (ENDP -2.6%) appears to have stabilized today, albeit lower, following a couple of trading halts on volatility just prior to Friday's close after the FDA denied its petition to halt generic competition to its painkiller Opana ER on safety grounds. The ruling will mean a big hit to earnings next quarter, and likely lead exploring options to mitigate the damage. Jefferies says the FDA was wrong, and acted "irrationally inconsistent" in its decision. Nonetheless, the firm lowers its price target on the shares from $47.00 to $37.00.
    | May 13, 2013, 12:20 PM | Comment!
  • May 10, 2013, 5:47 PM
    After-hours top gainers, as of 5:30 p.m.: ENDP +3.6%. NVAX +2.8%. GRFS +2.7%. REE +2.6%. IMRS +2.4%.
    AftTer-hours top losers: ET -4.0%. APTS -3.7%. SYNC -3.6%. SSRI -2.7%. VG -2.5%.
    | May 10, 2013, 5:47 PM | Comment!
  • May 10, 2013, 4:15 PM
    Today's decision by the FDA on Endo's (ENDP -5.3%) Opana ER puts to rest an aggressive campaign begun last October by the drug developer to keep generic versions off the market. In the end, the agency comes full circle, reiterating that the original formulation of Opana ER was not withdrawn for reasons of safety or effectiveness. Therefore, generic versions of the original formulation can continue to be approved and marketed. Following a brief resumption of trading just before the closing bell, the stock has since been halted a second time.
    | May 10, 2013, 4:15 PM | Comment!
  • May 10, 2013, 3:36 PM
    Shares of Endo Health (ENDP -3.6%) trade lower following a brief halt after the FDA denies its petition to block generic versions of its Opana ER. ZGNX +2.1%, IPXL +8.4%.
    | May 10, 2013, 3:36 PM | Comment!
  • Apr. 16, 2013, 7:34 PM
    Endo Health Solutions (ENDP) trades higher after hours as the FDA says it won't approve generic copies of the old version of OxyContin. The first patent on the old version expired today, and drug makers had been lining up to make copies. But the newer, reformulated OxyContin was found to be tougher to crush, break or dissolve, the FDA said, and "the benefits of the old formulation no longer outweigh its risks." Shares +5.6% AH.
    | Apr. 16, 2013, 7:34 PM | Comment!
  • Apr. 16, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: BPFH +14%. VXZ +9%. ENDP +6%. NMR +3%. HL +2%.
    After-hours top losers: PNFP -11%. QNST -8%. URI -4%. TMO -4%. YHOO -4%.
    | Apr. 16, 2013, 5:30 PM | Comment!
  • Feb. 25, 2013, 11:34 AM
    Endo Health Solutions (ENDP +7.1%) names Rajiv De Silva , who had been president of Valeant Pharmaceuticals International (VRX +0.6%), as it's president and CEO, effective March 18. De Silva, who will also join the Endo board of directors, succeeds its retiring current CEO David Holveck. The announcement eclipses a downgrade by Jefferies to Underweight, citing persistent uncertainty over the extent of generic competition on Opana ER and Lidoderm.
    | Feb. 25, 2013, 11:34 AM | Comment!
  • Jan. 31, 2013, 4:58 AM
    Endo Health (ENDP) closed +10.8% yesterday following a report that it has held buyout discussions with potential suitors such as Warner Chilcott (WCRX) and Valeant (VRX). Endo, which is looking for a CEO and has a market cap of $3.6B, is not holding an official auction process at the moment.
    | Jan. 31, 2013, 4:58 AM | Comment!
  • Jan. 30, 2013, 2:38 PM
    Endo Pharmaceutical (ENDP) resumes trading, now up over 12%.
    | Jan. 30, 2013, 2:38 PM | Comment!
  • Jan. 30, 2013, 2:34 PM
    Shares of Endo Pharmaceutical (ENDP +6.7%) have been halted due to volatility after spiking 6% higher in a matter of minutes.
    | Jan. 30, 2013, 2:34 PM | 1 Comment
  • Jan. 4, 2013, 10:53 AM
    Endo Health Solutions (ENDP -4.5%) trades lower after cutting its 2013 guidance yesterday due to higher charges related to its core painkiller franchise and generic-drug business. It now expects its EPS to be within a range of $4.40 to $4.70 a share, down from earlier projections of $5.20 to $5.40. Revenue is projected between $2.8B to $2.95B, below previous estimates of $3B to $3.2B. Piper Jaffray cut the shares to Neutral on the news, and lowers its price target to $28.
    | Jan. 4, 2013, 10:53 AM | Comment!
  • Dec. 19, 2012, 5:21 PM
    Endo Health (ENDP) says the U.S. District Court has ruled against its bid to stop sales of generic versions of its painkiller Opana ER, saying the FDA has not unduly delayed making a determination on the matter as to whether the original formulation was withdrawn from the market for reasons of safety. The ruling now allows for a generic non-tamper resistant version to enter the market in January, 2013. Shares -3.6% AH.
    | Dec. 19, 2012, 5:21 PM | Comment!
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Company Description
Endo International PLC is a specialty healthcare company engaged in developing, manufacturing, marketing and distributing branded pharmaceutical and generic products as well as medical devices.