January 30, 2013 at 08:20 AM EST
Biotech Companies Attractive Targets for Pharma Companies Looking to Replace Lost Revenues
Five Star Equities Provides Stock Research on Progenics Pharmaceuticals and Repros Therapeutics

NEW YORK, NY -- (Marketwire) -- 01/30/13 -- Lost revenues from expiring patents has played a major part in the Biotech Industry's success in recent years. A total of 676 takeovers of biotechnology and pharmaceutical companies have occurred in the past three years, with an average premium of 38 percent, according to data collected by Bloomberg. Five Star Equities examines the outlook for companies in the Biotech Industry and provides equity research on Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX) and Repros Therapeutics Inc. (NASDAQ: RPRX).

Access to the full company reports can be found at:
www.FiveStarEquities.com/PGNX
www.FiveStarEquities.com/RPRX

At the end of the third quarter five of the biggest drug makers in the U.S. held over $70 billion in cash, near cash and short-term investments. Major revenue losses from patent expirations have forced big pharmaceutical companies to look to biotech companies to help fill the void. Pfizer's Lipitor and Bristol-Myers' Plavix, which lost exclusivity in late 2011, had combined annuals revenues of $17 billion at their peaks.

"We're through many cost-cutting programs, restructurings and portfolio arrangements," said Henry Gosebruch, Managing Director, Mergers & Acquisitions J.P. Morgan. "When you put that together with record levels of cash available and improving, but still moderate R&D productivity, we think there will be more big pharma M&A activity in 2013."

Five Star Equities releases regular market updates on the Biotech Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Progenics Pharmaceuticals is focused on discovering and developing innovative medicines to treat disease, focusing on cancer and related conditions, with a pipeline that includes product candidates in preclinical through late-stage development. The company has recently acquired Molecular Insight Pharmaceuticals, Inc., which will add a late-stage ultra-orphan oncology candidate to its pipeline.

Repros Therapeutics focuses on the development of small molecule drugs for major unmet medical needs that treat male and female reproductive disorders. The company now expects to provide clinical results from the first pivotal study of Androxal in the treatment of secondary hypogonadism in the third quarter of 2013.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
www.FiveStarEquities.com/disclaimer

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