QUOTE AND NEWS
Benzinga  Aug 17  Comment 
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Aveo Pharmaceuticals, Inc. (NASDAQ: AVEO) shares were trading higher by $0.61 (49 percent) at $1.78 in Monday's session. The issue has retreated over...
Benzinga  Aug 17  Comment 
AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) shares jumped 94.82 percent to $2.28 following announcement of a licensing deal with Novartis AG (ADR) (NYSE: NVS). Zulily Inc (NASDAQ: ZU) shares rose 45.03 percent to $18.23 after Liberty Interactive...
Benzinga  Aug 17  Comment 
AVEO Oncology (NASDAQ: AVEO) today announced an exclusive, worldwide license agreement with Novartis for the development and commercialization of AVEO's first-in-class, potent, humanized inhibitory antibody targeting growth...
GenEng News  Aug 5  Comment 
AVEO Oncology said today it has agreed to license its drug candidate tivozanib in Russia, Ukraine, and the Commonwealth of Independent States (CIS) to Pharmstandard Group, for all human disease and condition indications except non-oncologic ocular...
Benzinga  Jun 12  Comment 
LeapFrog Enterprises, Inc. (NYSE: LF) dipped 18.60 percent to $1.68. LeapFrog reported a Q4 loss of $0.56 per share on revenue of $33.9 million. Optical Cable Corporation (NASDAQ: OCC) shares dropped 11.39 percent to $3.58. Optical Cable...
Benzinga  Jun 3  Comment 
Ferrellgas Partners, L.P. (NYSE: FGP) shares declined 3.70 percent to $22.64 in pre-market trading after the company priced an offering of 6,325,000 common units at $23.00 per unit. NuVasive, Inc. (NASDAQ: NUVA) shares fell 1.56 percent to...
Benzinga  May 21  Comment 
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) shares were trading higher by $1.36 (80 percent) at $2.96 in Thursday's session. The catalyst for the issue...
Benzinga  May 20  Comment 
AVEO Oncology (NASDAQ: AVEO) announced today that final results from the TIVO-1 extension study, known as Study 902, in which patients with advanced renal cell carcinoma (RCC) received tivozanib as second-line treatment subsequent to disease...




 

AVEO Pharmaceuticals (AVEO) (NASDAQ:AVEO) is a pharmaceutical drug company that specializes on cancer treatments. It has a cancer treatment product, tivozanib, in Phase 3 of the FDA approval process. It also is in collaboration with Merck for a cancer treatment product AV-299, which helps determine cancer biology in patients. This product is in Phase 2. [1]

Along with other pharmaceutical companies, government regulation and the FDA approval process decides whether a pharmaceutical company's drug can enter the commercial market. AVEO is dependent on its cancer treatment product, tivozanib, to pass Phase 3 and enter the commercial market, otherwise it decreases future earnings as the company either scraps the product or reinvest and restart the process. Since it already passed Phase 2, it is expected to have a positive outcome for Phase 3. [1]

The company's initial public offering of stock traded on the NASDAQ exchange on 11 March 2010. The proposed offer price range was $13-$15 and traded below the low end at $9. The company offered 9 million shares and raised $81 million. [1]

At the year end 31 December 2009, the company had $20.72 million in total revenue, up 5.4% from $19.66 million in total revenue in 2008. The company reported a net loss of $44.2 million, down from a net loss of $32.47 million. [1]

References

  1. 1.0 1.1 1.2 1.3 AVEO Pharmaceuticals S-1/A
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