NEW YORK, June 17, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting AstraZeneca plc (ADR) (NYSE: AZN), Herbalife Ltd. (NYSE: HLF), CardioNet Inc. (NASDAQ: BEAT), Cyberonics, Inc. (NASDAQ: CYBX) and NuVasive, Inc. (NASDAQ: NUVA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
AstraZeneca plc (ADR) Research Report
On June 10, 2013, AstraZeneca plc (AstraZeneca) announced that it has entered into a definitive agreement to acquire Pearl Therapeutics, (Pearl) a privately held company that develops inhaled small-molecule therapeutics for respiratory disease. According to AstraZeneca, this acquisition will enable it to have access to a potential new treatment for chronic obstructive pulmonary disease (COPD), currently in late-stage development, and inhaler and formulation technology that provides a platform for future combination products. AstraZeneca will acquire all of Pearl's shares for initial consideration of $560.0 million payable on completion. Deferred consideration of up to $450.0 million will be payable if specified development and regulatory milestones in respect of any triple combination therapies and selected future products that AstraZeneca develops using Pearl's technology platform are achieved. Sales-related payments of up to $140.0 million are payable if pre-agreed cumulative sales thresholds are exceeded, resulting in a total potential acquisition cost of up to $1.2 billion. The transaction is expected to close in Q3 2013, subject to customary regulatory approvals. The Full Research Report on AstraZeneca plc (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/02c7_AZN]
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Herbalife Ltd. Research Report
On June 11, 2013, Herbalife Ltd. (Herbalife) released the results of a study conducted to determine the penetration of Herbalife distributors and end users in the United States. According to the Nielsen research, conducted online during April and May 2013, 3.3% of the general population reported that they had purchased Herbalife products within the past three months, indicating that the Company's products currently has 7.9 million customers when projected to the total U.S. adult population. The consumers include the Company's distributor network, which totaled approximately 550,000 in the U.S. as of the end of Q1 2013. Michael O. Johnson, Herbalife's Chairman and Chief Executive Officer, commented, "We believe the results of this study substantiate our belief that many of those who attack our model lack a clear understanding of the direct selling industry, and Herbalife in particular." The Full Research Report on Herbalife Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/9c8f_HLF]
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CardioNet Inc. Research Report
On June 10, 2013, CardioNet Inc. (CardioNet) announced that the Company has entered into a three-year National Provider Agreement with UnitedHealthcare Insurance Company, covering all of its monitoring modalities, including Mobile Cardiac Outpatient Telemetry (MCOT). Joseph Capper, President and Chief Executive Officer of CardioNet, said, "By providing access to United's more than 70 million members, this agreement dramatically expands the available market for all of our life-saving technologies." The agreement came into an effect on July 1, 2013 and applies to all the Company's affiliated entities, including managed Medicare and managed Medicaid plans. The Full Research Report on CardioNet Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/d815_BEAT]
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Cyberonics,Inc. Research Report
On June 5, 2013, Cyberonics Inc. (Cyberonics) announced its financial results for Q4 FY 2013 and full-year FY 2013 (period ended April 26, 2013). For Q4 FY 2013, the Company's net sales increased 18.6% YoY to $68.3 million. For full-year FY 2013, the Company's net sales increased 16.4% YoY to $254.3 million. Dan Moore, Cyberonics' President and Chief Executive Officer, said, "The results demonstrate the underlying strength of our worldwide epilepsy business, as well as the ongoing opportunity within the underserved population of people suffering from epilepsy." He added, "In fiscal 2014, we expect to submit both our AspireSR and ProGuardian™ products for regulatory approval in Europe, as well as advance the Relay generator through product development."4 Full Research Report on Cyberonics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a55c_CYBX]
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NuVasive,Inc. Research Report
On June 12, 2013, NuVasive, Inc. (NuVasive) announced that it received a ruling from the U.S. District Court regarding its ongoing royalty rates for Phase I of its patent litigation with Medtronic. As part of the verdict in the Phase I of the litigation, royalty rates were determined by the jury as follows: 10.0% on certain of NuVasive's CoRoent XL implants and 3.0% on certain MaXcess retractors and related products. Before the appeal in Phase I could move forward, the District Court was required to determine the ongoing royalty rates applicable to these products during the period of time following the verdict. Medtronic previously requested ongoing royalty rates of 36.0% on the applicable NuVasive CoRoent XL implants and 11.0% on the applicable MaXcess retractors and related products. In the ruling received on June 12, 2013, the District Court ordered royalty rates of 13.75% on the applicable CoRoent XL implants and 8.25% on the applicable MaXcess retractors. The Full Research Report on NuVasive, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c367_NUVA]
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SOURCE Wall Street Reports