Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.


Marina Biotech, Inc.’s second quarter 2010 loss of 34 cents per share was narrower than the year-ago loss of 84 cents. However, after excluding special items, the loss in the reported quarter narrowed to 53 cents from the year-ago loss of 72 cents. The Zacks Consensus Estimate for the quarter was a loss of 43 cents. The lower amount spent on research and development (R&D) in the quarter primarily led to the narrower loss.

The company, which has no marketed product, is highly dependent on revenues from licensing agreements with other companies and institutions like Novartis (NVS - Snapshot Report), Roche (RHHBY - Analyst Report), and the University of Helsinki. Revenues in the quarter declined 38% to $0.19 million.

R&D expenses declined approximately 12% to $3.8 million. Selling, general and administrative expenses came in flat at approximately $2.3 million.

The company has taken significant strides to develop its pipeline during the second quarter of 2010, which includes a clinical program aimed at treating familial adenomatous polyposis (a precancerous syndrome) and two preclinical programs for treating hepatocellular carcinoma and bladder cancer.

The oncology pipeline at Marina was boosted by the acquisition of Cequent Pharmaceuticals. Marina’s collaboration with Pfizer (PFE - Analyst Report) also encourages us. The partnership aims to evaluate Marina’s proprietary di-alkylated amino acids (DiLA2) platform and UsiRNA constructs for RNA interference (RNAi).

Marina Biotech, founded in 1983, is headquartered in Bothell, Washington. It aims at developing and commercializing therapeutic products based on the RNAi technology. The company, formerly known as MDRNA, Inc. changed its name to Marina Biotech, Inc. in July 2010.

Our Recommendation
 
We have a Zacks #3 Rank (short-term 'Hold' recommendation) on the shares. This indicates that the stock is expected to perform in line with the overall US equity market for the next 1–3 months. Our long-term Neutral stance on the company indicates that Marina is expected to replicate its short-term performance over 6+ months. Consequently, we advise investors to retain the stock for the period.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
GENERAL FINA GFN 8.20 +5.67%
QIHOO 360 TE QIHU 91.57 +4.38%
VIPSHOP HOLD VIPS 140.01 +3.49%
INVEST TECH- ITG 19.16 +3.34%
VERTEX ENERG VTNR 7.38 +3.07%