Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker 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. Set yours up today. |
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 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
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.
Shares of Infinity Pharmaceuticals (INFI - Snapshot Report) reached a new 52-week high of $35.32 on December 28, 2012, shortly after amending its development and license agreement with Millennium Pharmaceuticals, a subsidiary of Takeda Pharmaceutical Company Limited’s (TKPYY).
Infinity Pharma’s closing price as on December 28 was $34.72, which represented a solid year-to-date return of 303.7%. Average volume of shares traded over the last 3 months stands at approximately 1.1 million.
Amended Agreement in Focus
As per the initial agreement, which was signed in July 2010, the companies were not allowed to research, develop or commercialize product candidates that target PI3K-delta and/or PI3K-gamma except those covered by the agreement.
The amended agreement between the companies allows Infinity Pharma to retain full worldwide rights to IPI-145 along with worldwide rights to any future candidate that targets PI3K-delta and/or PI3K-gamma.
The inclusion of additional candidates under the agreement should bring in additional revenues to Infinity Pharma on successful development and commercialization.
Moreover, Infinity Pharma made a one-time payment of $15 million to Millennium Pharma, in exchange of which the latter surrendered its option for an equal profit and loss sharing arrangement in the US for any of Infinity's PI3K inhibitors, including IPI-145. Millennium Pharma also gave up its right to participate in up to 30% of the detailing effort in the US for any of Infinity Pharma’s PI3K inhibitors.
Steep Valuation
Based on 2012 sales estimates, Infinity Pharma is trading at a price-to-sales ratio (P/S) of 16.0x, a huge premium compared to its peer group average of 1.3x.
About the Company
Infinity Pharma is an innovative drug discovery and development company. The company is currently focusing on the advancement of IPI-145 and other PI3K candidates. Infinity Pharma has a market capitalization of roughly $1.58 billion.
We currently have a Neutral recommendation on Infinity Pharma. The stock carries a Zacks #2 Rank (Buy). However other pharma stocks like Astellas Pharma (ALPMY) and Valeant Pharma (VRX - Snapshot Report) carry a Zacks #1 Rank (Strong Buy).
Get the full Snapshot Report on VRX - FREE
Get the full on TKPYY - FREE
Get the full on ALPMY - FREE
Get the full Snapshot Report on INFI - FREE