Final Hour Buzz: Gilead Sciences, MannKind Corporation, Facebook Inc, Tiger Oil and Energyadmin
New York, December 10, 2013 /Accesswire/ – Market Buzz Report, a leading penny stock newsletters provider, issues major news alert for MannKind Corporation (NASDAQ:MNKD), Gilead Sciences, Inc.(NASDAQ:GILD), Facebook Inc(NASDAQ:FB), Tiger Oil and Energy Inc(OTCMKTS:TGRO).
MannKind Corporation (NASDAQ:MNKD). in Valencia is attempting to revolutionize the treatment of Type 1 and Type 2 diabetes with its first product: an inhaled form of insulin powder called Afrezza that would eliminate the need for most injections.
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The company hopes to get federal approval for the Afrezza inhaler system by spring. The company’s future and that of its 246 employees are riding on that goal. The dream of an inhaled form of insulin treatment dates from the 1920s, when doctors and researchers worried that diabetes patients wouldn’t want to subject themselves to regular injections.
Express Scripts (ESRX) plans to start a price war over the newly approved hepatitis C treatments in an attempt to lower costs of the drugs, Bloomberg reported earlier today. The largest U.S. drug benefits manager will pit Gilead Sciences, Inc.(NASDAQ:GILD) against AbbVie (ABBV) and other drugmakers when the new treatments come to market next year or early in 2015, the report added. “We will identify which drugs can be pitted against each other and make some really tough formulary decisions,” Steven Miller, chief medical officer of Express Scripts, told Bloomberg. Shares of Gilead dropped 5% to $71.29 following Bloomberg’s story while AbbVie (ABBV) rallied 4% to $53.44. Express Scripts shares are up 1% to $68.09 in afternoon trading. Bristol-Myers (BMY) and Achillion are also developing hepatitis C drugs.
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Though still generally below their mid-October highs, Internet momentum stocks are turning in what might be their best performance during a rally that has now lasted two weeks. While Twitter (previous) is the star of the show, Facebook Inc(NASDAQ:FB), Yelp (YELP +1.8%), Groupon (GRPN +4.7%), Netflix, Inc.(NASDAQ:NFLX), LinkedIn (LNKD +1.4%), and Pandora Media Inc(NYSE:P) aren’t getting left out.Several Chinese Internet names are also higher. In addition to Baidu, which is benefiting from a bullish Pac Crest note, Sina (SINA +6%), Ctrip (CTRP +6.1%), Qunar (QUNR +6.3%), and Youku (YOKU +3.9%) are staring at big gains.Morgan Stanley’s Scott Devitt is out with another bullish note on Groupon.
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Recently, Tiger Oil and Energy Inc(OTCMKTS:TGRO) is a dynamic young Oil and Gas exploration company based in the heartland of America’s energy production. Tiger has entered into negotiations with Toto Energy LLC, 25815 Oak Ridge Drive, Spring, Texas 77380 to joint venture in the drilling of up to three oil and gas wells in Cowley County, Kansas. Tiger would earn up to 30% working interest and an 81.5% Net Royalty Interest in the three wells. Cost of the three wells would be approximately $600,000 each for drilling and fracing each well with Tiger’s cost of 30% to be $180,000 per well. Tiger can earn up to 30% of each well with an investment of up to $540,000.
Free Urgent Insider Catalyst Report For TGRO Available Here: http://marketbuzzreport.com/index.php?code=TGRO (Or Copy and paste the URL into your browser)
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Posted: December 10th, 2013 under ACCESSWIRE.