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Weekly Stock Pick
July 23, 2012

 
Stock:

Array BioPharma, Inc

Ticker Symbol:

ARRY -  Nasdaq - Biotechnology

Buy:

4.00 to 4.50

Sell:

7.00

Info:

Array BioPharma Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases in North America, Europe, and the Asia Pacific. Its programs under development include ARRY-520, a kinesin spindle protein inhibitor in Phase 2 clinical trial for patients with multiple myeloma; ARRY-614, a p38/Tie-2 dual inhibitor in Phase 1 clinical trial for patients with myelodysplastic syndrome; ARRY-380, a HER2 inhibitor in Phase 1 clinical trial for breast cancer; ARRY-797, a p38 inhibitor in Phase 2 clinical trial for pain; and ARRY-502, a CRTh2 antagonist in Phase 1 clinical trial for allergic inflammation. The company�s partnered drugs in clinical development comprise Selumetinib and AZD8330 MEK inhibitors for cancer in Phase 2 trial; MEK162 and MEK300 MEK inhibitors for cancer in Phase 2 trial; Danoprevir, a Hepatitis C virus protease inhibitor in Phase 2 trial; ARRY-543, a HER2/EGFR inhibitor in Phase 2 trial for solid tumors; and LY2603618, a ChK-1 inhibitor in Phase 2 trial for cancer. Its partnered drugs in clinical development also include AMG 151, a glucokinase activator in Phase 1b trial for Type 2 diabetes; GDC-0068, a AKT inhibitor in Phase 1b trial for cancer; VTX-2337, a toll-like receptor in Phase 1b trial for cancer; VTX-1463, a toll-like receptor in Phase 1b trial for allergy; ARRY-382, a cFMS inhibitor in Phase 1 trial for cancer; and ARRY-575 and GDC-0425, which are ChK-1 inhibitors in Phase 1 trial for cancer. The company has collaborations with Amgen, Inc.; ASLAN Pharmaceuticals Pte Ltd.; AstraZeneca, PLC; Celgene Corporation; Genentech, Inc.; Novartis International Pharmaceutical Ltd.; InterMune, Inc.; Eli Lilly and Company; and VentiRx Pharmaceuticals, Inc for the development and commercialization of the partnered drugs. Array BioPharma Inc. was founded in 1998 and is headquartered in Boulder, Colorado.

Financial Info: For the quarter ended 3/31/2012, revenues increased 7.3 % to $ 19.1 million compared to the same quarter in 2011. Net loss decreased 28.69% to $8.5 million compared to the same quarter in 2011.

Key Ratios:

Current Ratio: 1.38,  Total Debt/Equity Ratio: N/A;  Trailing P/E: N/A;  Forward P/E: N/A,  Price/Sales: 4.29,  Price/Book: N/A

Share Info:

There are 89.14 million shares outstanding with 62.79 million shares in the trading float. Institutions own approximately 71.60% of the shares outstanding. There have been 2 insider purchases totaling 183,853 shares and 4 insider sales totaling 6,938 shares  in the last six months. Real-Time SEC Filings

As of 6/29/2012, there were
4.11 million shares short.

Net Institutional Buying:   16.56 million shares most recent quarter

Articles: 8 Stocks Under $10 Skyrocketing Higher

Array BioPharma Achieves $8.5 Million Clinical Milestone in Amgen Diabetes Collaboration

 



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