NEW YORK, July 30, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Johnson & Johnson (NYSE: JNJ), Bristol-Myers Squibb Company (NYSE: BMY), Actavis Inc. (NYSE: ACT), Edwards Lifesciences Corp. (NYSE: EW), and Health Net, Inc. (NYSE: HNT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Johnson & Johnson Research Report
On July 18, 2013, Janssen Biotech, Inc., a Johnson & Johnson (Johnson & Johnson) company, announced that the US Food and Drug Administration (FDA) has approved SIMPONI ARIA (golimumab) for infusion for the treatment of adults with moderately to severely active rheumatoid arthritis (RA) in combination with methotrexate. According to Janssen, SIMPONI ARIA, the only fully-human anti-tumor necrosis factor (TNF)-alpha infusible therapy, has been shown to significantly improve signs and symptoms of physical function, and inhibit the progression of structural damage. Sergio Schwartzman, M.D., Director, Inflammatory Arthritis Center, Hospital for Special Surgery, Associate Professor, Weill Cornell Medical College, and Advisory Board Member, said, "The approval of SIMPONI ARIA offers rheumatologists a new anti-TNF infusible treatment for patients who demonstrate an inadequate response to methotrexate; having treatment options remains critical for us to continue to meet the needs of our patients." The Full Research Report on Johnson & Johnson - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/07a8_JNJ]
Bristol-Myers Squibb Company Research Report
On July 25, 2013, Bristol-Myers Squibb Company (Bristol-Myers Squibb) reported its financial results for Q2 2013. Net sales decreased 8.9% YoY to $4.0 billion. Net earnings attributable to Bristol-Myers Squibb were $536 million or $0.32 per diluted share in Q2 2013 compared to $645 or $0.38 per diluted share in Q2 2012. Lamberto Andreotti, Chief Executive Officer of Bristol-Myers Squibb, said, "In the second quarter, the strength in the performance of some of our key products, the important data we presented across our portfolio and the key regulatory filings we made in the U.S. strengthen our confidence as we build a solid foundation for future growth." The Full Research Report on Bristol-Myers Squibb Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/81a9_BMY]
Actavis Inc. Research Report
On July 25, 2013, Actavis Inc. (Actavis) reported its financial results for Q2 2013. Net revenue increased 46.8% YoY to approximately $2 billion. On a GAAP basis, the Company reported net loss of $564.6 million or $4.27 per diluted share in Q2 2013 compared to net loss of $62.2 million or $0.49 per diluted share in Q2 2012. GAAP results included an impairment charge pertaining to a routine annual impairment testing. Paul Bisaro, President and Chief Executive Officer of Actavis, said, "Actavis delivered another exceptional quarter of double-digit sales and earnings growth powered by strong generics launches in global markets by Actavis Pharma, continued strong sales of core specialty Brand products and consistent execution by our Global Operations team." 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.analystscorner.com/r/full_research_report/4997_ACT]
Edwards Lifesciences Corp. Research Report
On July 25, 2013, Edwards Lifesciences Corp. (Edwards Lifesciences) reported its financial results for Q2 2013. Net sales increased 7.3% YoY to $517.2 million. Net income was $94.1 million or $0.82 per diluted share, compared to net income of $67.8 million or $0.57 per diluted share in Q2 2012. Michael A. Mussallem, Chairman and Chief Executive Officer of Edwards Lifesciences, said, "We are pleased to report solid second quarter results, driven by strong sales of transcatheter and surgical heart valves in both the U.S. and Europe. Our SAPIEN launch in the U.S. continues to be highlighted by very high procedural success rates and we are gratified to see this therapy changing the lives of so many patients." The Full Research Report on Edwards Lifesciences Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/48b8_EW]
Health Net, Inc. Research Report
On July 25, 2013, Health Net Inc. (Health Net) reported its financial results for Q2 2013. Total revenues decreased 3.6% YoY to $2.7 billion. Net income was $33.5 million or $0.42 per diluted share in Q2 2013 compared to net income of $124.6 million or $1.48 per diluted share in Q2 2012. Q2 2013 GAAP results include approximately $12.9 million in Corporate/Other pretax expenses, primarily severance costs resulting from the Company's continuing efforts to address scale issues. Q2 2012 results also include a $119.4 million net gain or $1.42 per diluted share from the sale of the Company's Medicare PDP business. The Full Research Report on Health Net, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6995_HNT]
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