NEW YORK, August 8, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting Zoetis Inc. (NYSE: ZTS), GlaxoSmithKline plc (ADR) (NYSE: GSK), Actavis Inc. (NYSE: ACT), Kindred Healthcare, Inc. (NYSE: KND), and TESARO Inc. (NASDAQ: TSRO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Zoetis Inc. Research Report
On August 4, 2013, Zoetis Inc. (Zoetis) announced that its joint venture in China has received an approval by the Ministry of Agriculture of the People's Republic of China for Rui Lan An, a specialized vaccine that helps control the highly pathogenic porcine reproductive and respiratory syndrome (HP PRRS). The Company informed that Rui Lan An, which is the first vaccine from the joint venture that was entered in order to develop and manufacture animal vaccines designed to meet the needs of China's livestock producers, will be launched later in August 2013. Stefan Weiskopf, Executive Vice President and President, Asia Pacific Region at Zoetis, said, "Rui Lan An exemplifies the commitment of our joint venture to develop and manufacture quality vaccines well matched to the local health challenges facing China's pork industry." The Full Research Report on Zoetis Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/ZTS]
GlaxoSmithKline plc (ADR) Research Report
On August 2, 2013, GlaxoSmithKline plc (GSK) announced that the U.S. Prescription Drug User Fee Act (PDUFA) goal date for albiglutide, an investigational once-weekly treatment for adult patients with type 2 diabetes, was extended by three months to April 15, 2014 to provide ample time for a full review of information submitted by GSK in response to the Food and Drug Administration (FDA)'s requests. GSK stated that it has submitted a Biologics License Application to the US FDA for albiglutide on January 14, 2013, followed by the submission of a Marketing Authorization Application (MAA) to the European Medicines Agency on March 7, 2013. The Company also informed that the EMA filing is progressing according to schedule. The Full Research Report on GlaxoSmithKline plc (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/GSK]
Actavis Inc. Research Report
On August 2, 2013, Actavis, Inc. (Actavis) announced that Actavis Limited, Bank of America N.A. (as Administrative Agent) and a syndicate of banks participating as lenders have entered into a new senior unsecured term loan credit and guaranty agreement, under which the lenders to the agreement will provide loans to certain entities of Warner Chilcott plc (Warner Chilcott) in an aggregate amount not exceeding $2 billion and comprising of a $1 billion three-year Tranche and a $1 billion five-year Tranche. Actavis said that the proceeds from borrowings will be used to finance the repayment of existing credit facilities of the WC Borrowers and pay transaction fees and expenses. In addition, Actavis stated that the Company, Bank of America, N.A., and a syndicate of banks participating as lenders have agreed to amend and restate Actavis' existing $750 million senior unsecured revolving credit loan facility dated as of September 16, 2011, and also to amend and restate Actavis' existing $1.8 billion senior unsecured term loan credit facility dated June 22, 2012.The Full Research Report on Actavis Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/ACT]
Kindred Healthcare, Inc. Research Report
On August 5, 2013, Kindred Healthcare Inc. (Kindred Healthcare) reported its Q2 2013 financial results. The Company reported a decline in revenues of 1% YoY to $1.4 billion. Net income was $1.7 million or $0.03 per diluted share, compared to net income of $15.5 million or $0.29 per diluted share in Q2 2012. Commenting on the results, Paul J. Diaz, Kindred Healthcare CEO said, "Despite significant reimbursement pressures brought on by federal sequestration cuts of 2% beginning April 1, Kindred reported solid second quarter core results." He added, "In addition, we are continuing to see the benefits of the Ventas nursing center transition to our continuing operations. The disposition of these 54 nursing centers lifted our earnings from continuing operations by $0.11 per diluted share in the first half of 2013." The Full Research Report on Kindred Healthcare, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/KND]
TESARO Inc. Research Report
On July 25, 2013, TESARO Inc. (TESARO) reported its Q2 2013 financial results. Research and development expenses increased 57.6% YoY to $18.2 million. Net loss was $21.6 million or $0.67 per diluted share in Q2 2013, compared to net loss of $20.2 million or $21.31 per diluted share in Q2 2012. Commenting on the quarter's performance, Lonnie Moulder, CEO of TESARO, said, "TESARO is well positioned to meet several significant milestones in the second half of this year. We plan to report top-line results from the rolapitant pivotal program by year end, and we remain on track to begin enrollment in a Phase 3 study of niraparib in patients with BRCA-positive breast cancer. In addition, we look forward to continued enrollment in our Phase 3 trial of niraparib for ovarian cancer and to the first presentation of TSR-011 clinical data in September." The Full Research Report on TESARO Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/TSRO]
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