Leerink Partners LLC Coverage List
Company
Ticker
Rating
Analyst
Sector
Year
Closing Price ($)
2016A ($)
EPS 2017E ($)
P/E 2018E ($)
2017E
2018E
Updated on: Shares Outstanding
12/22/2017 Market Cap
(MM)
($MM)
1
Abbott Laboratories##
ABT
Market Perform
Danielle Antalffy
Medical Supplies and Devices
Dec
57.06
2.20
2.49
2.83
22.9
20.2
1,740.6
99,319
2
AbbVie Inc.#^
ABBV
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
98.44
4.85
5.59
6.99
17.6
14.1
1,594.1
156,923
3
ABIOMED, Inc.
ABMD
Outperform
Danielle Antalffy
Medical Supplies and Devices
Mar
190.33
0.85
1.16 A
2.59
NA
73.5
44.2
8,416
4
AC Immune SA#
ACIU
Outperform
Paul Matteis
Biotechnology
Dec
12.02
NA
NA
56.9
684
5
Acadia Healthcare Company, Inc.
ACHC
Market Perform
Ana Gupte, Ph.D.
Healthcare Facilities
Dec
31.94
2.45
2.25
2.42
14.2
13.2
87.8
2,805
6
ACADIA Pharmaceuticals Inc.
ACAD
Market Perform
Paul Matteis
Biotechnology
Dec
29.08
(2.33)
(2.38)
(1.92)
NA
NA
124.2
3,611
7
Acceleron Pharma Inc.
XLRN
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
41.63
(1.52)
(2.64)
(2.50)
NA
NA
45.2
1,883
8
Achaogen, Inc.
AKAO
Outperform
Paul Matteis
Biotechnology
Dec
11.16
(3.00)
(3.41)
(3.56)
NA
NA
42.4
473
9
Achillion Pharmaceuticals, Inc.
ACHN
Outperform
Joseph P. Schwartz
Biotechnology
Dec
2.91
(0.45)
(0.61)
(0.68)
NA
NA
137.9
400
10 Aclaris Therapeutics, Inc.
ACRS
Outperform
Seamus Fernandez
Specialty Pharmaceuticals
Dec
22.37
(2.25)
(2.60)
(3.89)
NA
NA
30.8
690
11 Acorda Therapeutics, Inc.*
ACOR
Market Perform
Paul Matteis
Biotechnology
Dec
21.90
0.15
2.59
1.48
8.5
14.8
46.7
1,024
12 Adaptimmune Therapeutics plc#
ADAP
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
7.00
-£0.17
£0.13
(0.16)
NA
NA
93.7
656
13 Aduro Biotech, Inc.
ADRO
Outperform
Seamus Fernandez
Biotechnology
Dec
8.23
(1.40)
(1.39)
(1.26)
NA
NA
74.6
614
14 Aetna Inc.^
AET
Market Perform
Ana Gupte, Ph.D.
Managed Care
Dec
180.34
8.23
9.75
9.90
18.5
18.2
326.2
58,820
15 Affimed N.V.
AFMD
Market Perform
Michael Schmidt, Ph.D.
Biotechnology
Dec
1.25
(0.53)
NA
NA
44.7
56
(CHF 0.14)
(€ 0.97)
16 Agilent Technologies, Inc.**
A
Outperform
Puneet Souda
Life Science Tools and Diagnostics
Oct
67.13
1.98
17 Agios Pharmaceuticals, Inc.
AGIO
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
56.98
(5.07)
18 Akorn, Inc.**
AKRX
Suspended Coverage
Specialty Pharmaceuticals
Dec
32.07
2.25
19 Alder BioPharmaceuticals, Inc.
ALDR
Outperform
Paul Matteis
Biotechnology
Dec
11.53
20 Alexion Pharmaceuticals, Inc.#+
ALXN
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
118.66
21 Align Technology, Inc.
ALGN
Outperform
Richard Newitter
Medical Supplies and Devices
Dec
22 Alkermes plc+
ALKS
Market Perform
Paul Matteis
Biotechnology
Dec
23 Allergan plc
AGN
Outperform
Seamus Fernandez
Pharmaceuticals/ Major
Dec
24 Allscripts Healthcare Solutions, Inc.*
MDRX
Market Perform
David Larsen, CFA
HCIT & Distribution
Dec
14.62
0.56
25 Alnylam Pharmaceuticals, Inc.
ALNY
Market Perform
Paul Matteis
Biotechnology
Dec
123.73
(4.79)
26 AMAG Pharmaceuticals, Inc.
AMAG
Market Perform
Joseph P. Schwartz
Biotechnology
Dec
13.88
5.97
27 American Renal Associates Holdings, Inc.
ARA
Outperform
Ana Gupte, Ph.D.
Healthcare Facilities
Dec
16.77
0.96
28 AmerisourceBergen Corporation
ABC
Outperform
David Larsen, CFA
Healthcare Distribution
Sep
92.09
5.63
29 Amgen Inc.``
AMGN
Market Perform
Geoffrey Porges, MBBS
Biotechnology
Dec
177.15
11.65
30 Amicus Therapeutics, Inc.
FOLD
Outperform
Joseph P. Schwartz
Biotechnology
Dec
14.15
(1.49)
31 Anthem, Inc.^
ANTM
Outperform
Ana Gupte, Ph.D.
Managed Care
Dec
224.06
11.00
Source: Leerink Partners LLC, FactSet, and company data
(CHF 0.62)
(€ 0.72) 2.36 A
(CHF 0.56)
2.60
28.4
25.8
321.8
21,604
(6.44)
(7.38)
NA
NA
48.2
2,747
NA
NA
NA
NA
125.1
4,011
(3.23)
(5.18)
(3.62)
NA
NA
67.8
781
4.73
5.90
8.64
20.1
13.7
223.4
26,510
222.44
2.33
3.69
4.47
60.3
49.8
80.2
17,835
52.97
(0.11)
0.04
0.17
NA
NA
153.8
8,146
166.32
13.51
16.23
15.02
10.2
11.1
355.0
59,044
0.62
0.75
23.6
19.5
180.7
2,642
(5.36)
(6.01)
NA
NA
98.3
12,166
0.81
0.57
17.1
24.3
35.4
491
0.59
0.79
28.4
21.2
31.5
528
5.88 A
6.10
15.7
15.1
218.1
20,083
12.62
12.46
14.0
14.2
725.9
128,592
(1.77)
(1.24)
NA
NA
166.3
2,353
12.00
13.00
18.7
17.2
269.9
60,474
Leerink Partners LLC Coverage List
EPS 2017E ($)
P/E
Market Cap
(MM)
($MM)
Year
Closing Price ($)
Biotechnology
Dec
1.51
NA
NA
NA
NA
NA
13.9
21
Paul Matteis
Biotechnology
Dec
11.56
(1.96)
(2.09)
(2.50)
NA
NA
23.5
271
Market Perform
Michael Schmidt, Ph.D.
Biotechnology
Dec
4.93
(7.24)
(1.29)
(1.51)
NA
NA
55.0
271
ARDX
Outperform
Seamus Fernandez
Specialty Pharmaceuticals
Dec
6.56
(2.80)
(2.03)
(1.63)
NA
NA
47.5
312
ARNA
Outperform
Joseph P. Schwartz
Biotechnology
Dec
31.53
(0.93)
(3.25)
(2.92)
NA
NA
39.2
1,236
37 ArQule, Inc.
ARQL
Market Perform
Michael Schmidt, Ph.D.
Biotechnology
Dec
1.60
(0.33)
(0.39)
(0.35)
NA
NA
87.1
139
38 Array BioPharma Inc.
ARRY
Market Perform
Michael Schmidt, Ph.D.
Biotechnology
Jun
12.20
(0.65)
(0.72) A
(1.02)
NA
NA
197.0
2,403
39 Ascendis Pharma A/S
ASND
Market Perform
Joseph P. Schwartz
Biotechnology
Dec
39.08
(€ 2.58)
(3.39)
NA
NA
36.4
1,421
40 AstraZeneca PLC^
AZN
Market Perform
Seamus Fernandez
Pharmaceuticals/ Major
Dec
33.42
2.16
2.02
1.67
16.5
20.0
1,266.0
42,309
41 athenahealth, Inc.*
ATHN
Market Perform
David Larsen, CFA
HCIT & Distribution
Dec
133.74
1.91
2.00
2.90
66.9
46.1
40.0
5,352
Dec
17.96
(1.05)
(0.92)
(0.61)
NA
NA
34.5
619
Ticker
Rating
32 Anthera Pharmaceuticals, Inc.^^
ANTH
Suspended Coverage
33 Aquinox Pharmaceuticals, Inc.
AQXP
Outperform
34 Arbutus Biopharma Corporation
ABUS
35 Ardelyx, Inc. 36 Arena Pharmaceuticals, Inc.
Analyst
(€ 3.56)
2018E ($)
12/22/2017
Sector
Company
2016A ($)
Updated on: Shares Outstanding
2017E
2018E
42 AtriCure, Inc.~
ATRC
Outperform
Danielle Antalffy
Medical Supplies and Devices
43 Audentes Therapeutics, Inc.
BOLD
Outperform
Joseph P. Schwartz
Biotechnology
Dec
30.80
(5.61)
(3.42)
(3.40)
NA
NA
29.9
920
44 Aurinia Pharmaceuticals Inc.
AUPH
Outperform
Joseph P. Schwartz
Biotechnology
Dec
4.71
(0.66)
(1.06)
(0.69)
NA
NA
84.0
396
45 Avadel Pharmaceuticals plc
AVDL
Not Rated
Specialty Pharmaceuticals
Dec
8.03
NA
NA
NA
NA
NA
40.1
322
46 AVEO Pharmaceuticals, Inc.
AVEO
Suspended Coverage
2.98
NA
NA
NA
NA
NA
118.3
352
AXGN
Outperform
Dec
27.75
(0.47)
(0.30)
(0.32)
NA
NA
34.1
946
48 Axovant Sciences Ltd.
AXON
Suspended Coverage
Biotechnology Medical Supplies and Devices Biotechnology
Dec
47 AxoGen, Inc.
49 Baxter International Inc.^
BAX
Outperform
Danielle Antalffy
50 Becton, Dickinson and Company^
BDX
Market Perform
Richard Newitter
51 Biogen Inc.#+
BIIB
Market Perform
Geoffrey Porges, MBBS
52 BioMarin Pharmaceutical Inc.
BMRN
Outperform
Joseph P. Schwartz
53 Bio-Rad Laboratories, Inc.**
BIO
Suspended Coverage
54 Bio-Techne Corporation**
TECH
Outperform
55 Bioverativ Inc.
BIVV
Suspended Coverage
56 bluebird bio, Inc.
BLUE
Outperform
57 Boston Scientific Corporation^
BSX
Outperform
58 Bristol-Myers Squibb Company^
BMY
Outperform
Seamus Fernandez
59 Bruker Corporation**
BRKR
Market Perform
Puneet Souda
60 C.R. Bard, Inc.^
BCR
Market Perform
Richard Newitter
61 Calithera Biosciences, Inc.
CALA
Outperform
Jonathan Chang, Ph.D., CFA
Source: Leerink Partners LLC, FactSet, and company data
Richard Newitter
Mar
5.08
Dec
64.70
1.96
2.42
Sep
217.45
8.59
9.48 A
Biotechnology
Dec
321.81
20.22
Biotechnology
Dec
90.84
(3.80)
Dec
244.15
NA
NA
Jun
128.69
3.60
3.72 A
Specialty Pharmaceuticals
Dec
53.91
2.12
NA
NA
Michael Schmidt, Ph.D.
Biotechnology
Dec
179.13
(7.07)
(6.90)
(7.28)
NA
NA
49.0
8,783
Danielle Antalffy
Medical Supplies and Devices
Dec
25.23
1.11
1.25
1.43
20.2
17.6
1,373.2
34,646
Pharmaceuticals/ Major Life Science Tools and Diagnostics Medical Supplies and Devices
Dec
61.31
2.83
3.00
3.07
20.4
20.0
1,636.7
100,346
Dec
34.15
1.19
1.19
1.34
28.7
25.5
155.6
5,312
Dec
331.53
10.29
11.78
12.94
28.1
25.6
72.9
24,166
Biotechnology
Dec
8.35
(1.95)
(0.76)
(0.98)
NA
NA
35.5
296
Puneet Souda
Medical Supplies and Devices Medical Supplies and Devices
Life Science Tools and Diagnostics Life Science Tools and Diagnostics
NA
NA
NA
NA
107.7
547
2.65
NA
26.7
24.4
544.8
35,251
10.57
22.9
20.6
229.4
49,885
22.59
23.76
14.2
13.5
211.4
68,040
(0.64)
0.34
NA
NA
175.6
15,953
NA
NA
29.8
7,267
34.6
31.8
37.5
4,821
NA
NA
108.2
5,831
NA 4.05
Leerink Partners LLC Coverage List
Company
Closing Price ($)
2016A ($)
Healthcare Distribution
Jun
62.61
5.24
5.40 A
Specialty Pharmaceuticals
Dec
1.50
(0.79)
NA (0.05) A
Rating
Analyst
Sector
62 Cardinal Health, Inc.
CAH
Market Perform
David Larsen, CFA
63 Cardiome Pharma Corp.
CRME
Suspended Coverage
P/E 2018E ($) 4.95
2017E
2018E
12/22/2017 Market Cap
(MM)
($MM)
11.6
12.6
314.6
19,697
NA
NA
NA
34.6
52
(0.02)
NA
NA
34.1
803
Medical Supplies and Devices Life Science Tools and Diagnostics Digital Health - Information Technologies
Jun
23.54
(1.72)
Dec
7.16
NA
NA
NA
NA
NA
28.6
205
Dec
4.03
(0.41)
NA
NA
NA
NA
133.7
538 83,617
64 Cardiovascular Systems, Inc.
CSII
Outperform
65 CareDx, Inc.
CDNA
Suspended Coverage
66 Castlight Health, Inc.^^
CSLT
Suspended Coverage
67 Celgene Corporation#+
CELG
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
106.21
5.94
7.41
8.82
14.3
12.0
787.3
68 Celldex Therapeutics, Inc.
CLDX
Market Perform
Seamus Fernandez
Biotechnology
Dec
2.89
(1.27)
(0.91)
(0.94)
NA
NA
136.0
393
69 Centene Corporation^
CNC
Market Perform
Ana Gupte, Ph.D.
Managed Care
Dec
102.49
4.43
4.88
5.60
21.0
18.3
172.5
17,677
70 Cerner Corporation*
CERN
Market Perform
David Larsen, CFA
HCIT & Distribution
Dec
67.65
2.30
2.44
2.60
27.7
26.0
332.4
22,488
71 Cidara Therapeutics, Inc.
CDTX
Outperform
Paul Matteis
Biotechnology
Dec
7.05
(3.32)
(3.14)
(2.75)
NA
NA
20.2
143
72 Cigna Corporation^
CI
Outperform
Ana Gupte, Ph.D.
Managed Care
Dec
203.40
8.10
10.40
11.50
19.6
17.7
246.6
50,148
73 Clovis Oncology, Inc.
CLVS
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
67.89
(9.07)
(7.76)
(3.75)
NA
NA
49.0
3,327
74 Clementia Pharmaceuticals Inc.#
CMTA
Outperform
Joseph P. Schwartz
Biotechnology
Dec
18.10
(24.46)
(7.53)
(1.20)
NA
NA
30.5
553
75 Community Health Systems, Inc.^
CYH
Market Perform
Ana Gupte, Ph.D.
Healthcare Facilities
Dec
4.05
0.46
(1.27)
(1.58)
NA
NA
114.7
465
76 Computer Programs and Systems, Inc.*
CPSI
Market Perform
David Larsen, CFA
HCIT & Distribution
Dec
29.50
1.71
1.62
1.90
18.2
15.5
13.8
406
77 CONMED Corporation
CNMD
Market Perform
Richard Newitter
Medical Devices
Dec
51.36
1.84
1.87
2.02
27.5
25.4
27.9
1,435
78 Corium International, Inc.
CORI
Suspended Coverage
Specialty Pharmaceuticals
Sep
10.58
79 Cotiviti Holdings, Inc.
COTV
Outperform
Ana Gupte, Ph.D.
Healthcare Services
Dec
32.93
80 CVS Health Corporation
CVS
Outperform
David Larsen, CFA
Dec
73.81
5.84
81 CymaBay Therapeutics, Inc.
CBAY
Outperform
Joseph P. Schwartz
Dec
9.20
(1.14)
82 Danaher Corporation^
DHR
Suspended Coverage
Dec
93.94
NA
83 DBV Technologies S.A.#
DBVT
Outperform
Biotechnology
Dec
23.57
(€ 4.68)
84 Depomed, Inc.^*
DEPO
Suspended Coverage
Specialty Pharmaceuticals
Dec
8.59
1.15
85 Dermira, Inc.
DERM
Outperform
Seamus Fernandez
Biotechnology
Dec
28.42
(2.70)
86 DexCom, Inc.^
DXCM
Outperform
Danielle Antalffy
Medical Supplies and Devices
Dec
55.72
(0.78)
87 Dicerna Pharmaceuticals, Inc.
DRNA
Market Perform
Paul Matteis
Biotechnology
Dec
8.98
88 Diplomat Pharmacy, Inc.***
DPLO
Outperform
David Larsen, CFA
HCIT & Distribution
Dec
20.82
89 Dova Pharmaceuticals, Inc.
DOVA
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
90 Edge Therapeutics, Inc.
EDGE
Outperform
Paul Matteis
Biotechnology
Dec
91 Edwards Lifesciences Corporation^
EW
Market Perform
Danielle Antalffy
Medical Supplies and Devices
92 Eli Lilly and Company^
LLY
Market Perform
Seamus Fernandez
Pharmaceuticals/ Major
Source: Leerink Partners LLC, FactSet, and company data
Danielle Antalffy
EPS 2017E ($)
Year
Ticker
Updated on: Shares Outstanding
Dae Gon Ha, Ph.D.
Pharmacy Benefit Managers Biotechnology Life Science Tools and Diagnostics
NA
NA
NA
36.0
381
1.68
21.5
19.6
91.8
3,024
5.88
6.35
12.6
11.6
1,013.0
74,769
(0.87)
(0.86)
NA
NA
43.9
403
NA
NA
NA
NA
695.6
65,345
(€ 6.83)
(€ 6.61)
NA
NA
50.0
1,178
NA
NA
NA
NA
82.0
704
(7.45)
(3.79)
NA
NA
41.7
1,184
(0.57)
(0.40)
NA
NA
86.9
4,843
(2.87)
(3.03)
(2.69)
NA
NA
26.6
239
0.75
0.87
0.90
23.9
23.1
68.9
1,434
28.95
(1.03)
(1.59)
(0.90)
NA
NA
25.7
743
9.57
(1.34)
(1.70)
(2.11)
NA
NA
37.6
360
Dec
112.48
2.90
3.75
4.15
30.0
27.1
211.6
23,803
Dec
85.24
3.52
4.23
4.68
20.2
18.2
1,101.1
93,857
1.40
NA 1.53
NA
Leerink Partners LLC Coverage List
Company
EPS 2017E ($)
P/E
Market Cap
(MM)
($MM)
Year
Closing Price ($)
Suspended Coverage
Biotechnology
Sep
58.09
NA
NA
NA
NA
NA
19.0
1,106
Not Rated
Specialty Pharmaceuticals
Dec
7.96
NA
NA
NA
NA
NA
223.3
1,776 418
Rating
93 Enanta Pharmaceuticals, Inc.
ENTA
94 Endo International plc##
ENDP
Analyst
2018E ($)
12/22/2017
Sector
Ticker
2016A ($)
Updated on: Shares Outstanding
2017E
2018E
95 Endologix, Inc.^
ELGX
Market Perform
Richard Newitter
Medical Supplies and Devices
Dec
5.01
(0.78)
(0.61)
(0.52)
NA
NA
83.5
96 Epizyme, Inc.
EPZM
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
11.93
(1.93)
(2.28)
(2.81)
NA
NA
69.3
826
97 Evolent Health, Inc.~~~
EVH
Outperform
David Larsen, CFA
HCIT & Distribution
Dec
13.58
(0.57)
(0.34)
(0.05)
NA
NA
74.6
1,013
98 EXACT Sciences Corporation^
EXAS
Outperform
Puneet Souda
Life Science Tools and Diagnostics
Dec
53.28
(1.63)
(1.10)
(0.69)
NA
NA
119.7
6,379
99 Exelixis, Inc.
EXEL
Market Perform
Michael Schmidt, Ph.D.
Biotechnology
Dec
29.38
(0.28)
0.44
0.63
66.8
46.6
295.9
8,691
100 Express Scripts Holding Company*
ESRX
Market Perform
David Larsen, CFA
Pharmacy Benefit Managers
Dec
74.38
6.39
7.04
7.73
10.6
9.6
566.4
42,127
101 Fate Therapeutics, Inc.
FATE
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
5.64
(1.05)
(1.00)
(1.06)
NA
NA
51.0
288
102 FibroGen, Inc.
FGEN
Outperform
Geoffrey Porges, MBBS
Biotechnology
Dec
48.15
(0.98)
(1.74)
(2.14)
NA
NA
82.0
3,949
103 Five Prime Therapeutics, Inc.
FPRX
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
22.39
(2.44)
(5.79)
(6.59)
NA
NA
28.9
648
Dec
6.02
NA
NA
NA
NA
NA
38.6
233
Dec
3.73
(0.71)
NA
NA
NA
NA
47.2
176
Dec
63.80
NA
NA
NA
NA
NA
36.3
2,313
Dec
36.49
NA
NA
NA
NA
NA
34.8
1,269
104 Fluidigm Corporation**
FLDM
Suspended Coverage
Life Science Tools and Diagnostics
105 Forward Pharma A/S
FWP
Suspended Coverage
Specialty Pharmaceuticals
106 Foundation Medicine, Inc.
FMI
Suspended Coverage
107 Genomic Health, Inc.~
GHDX
Suspended Coverage
108 Gilead Sciences, Inc.#+
GILD
Market Perform
109 GlaxoSmithKline plc^
GSK-LON Market Perform
Life Science Tools and Diagnostics Life Science Tools and Diagnostics Geoffrey Porges, MBBS
Biotechnology
Dec
73.21
Seamus Fernandez
Pharmaceuticals/ Major
Dec
13.02
11.20 100.60 p
8.61 111.15 p
7.43 110.30 p
8.5
9.9
1,306.3
95,632
11.9
11.8
4,957.9
64,552 3,871
110 Globus Medical, Inc.^
GMED
Outperform
Richard Newitter
Medical Supplies and Devices
Dec
40.17
1.18
1.27
1.36
31.6
29.5
96.4
111 GW Pharmaceuticals plc#
GWPH
Outperform
Paul Matteis
Biotechnology
Sep
134.77
-£0.23
-£0.43
-£0.57
NA
NA
20.5
2,763
112 HCA Healthcare, Inc.^
HCA
Outperform
Ana Gupte, Ph.D.
Healthcare Facilities
Dec
87.90
6.88
6.49
6.58
13.5
13.4
354.1
31,123
113 HealthEquity, Inc.
HQY
Suspended Coverage
Digital Health - Information Technologies
Jan
48.65
0.34
NA
NA
60.7
2,952
114 Henry Schein, Inc.~
HSIC
Market Perform
Healthcare Distribution
Dec
70.85
3.31
19.7
18.4
157.0
11,120
115 Heron Therapeutics, Inc.
HRTX
Not Rated
Specialty Pharmaceuticals
Dec
18.43
NA
NA
64.2
1,183
Medical Supplies and Devices
Sep
43.29 15.19
David Larsen, CFA
116 Hologic, Inc.^
HOLX
Outperform
117 Horizon Pharma plc+++
HZNP
Suspended Coverage
Specialty Pharmaceuticals
Dec
118 HTG Molecular Diagnostics, Inc.
HTGM
Suspended Coverage
Life Science Tools and Diagnostics
Dec
1.87
119 Humana Inc.^
HUM
Outperform
Managed Care
Dec
243.59
120 Ignyta, Inc.
RXDX
Suspended Coverage
Biotechnology
Dec
26.78
Outperform
Life Science Tools and Diagnostics
Dec
215.61
121 Illumina, Inc.**
Source: Leerink Partners LLC, FactSet, and company data
ILMN
Richard Newitter
Ana Gupte, Ph.D.
Puneet Souda
NA 3.59
NA
NA
1,96
2.03 A
1.79 NA 9.57 NA 3.40
NA 3.85 NA
21.3
20.3
275.7
11,934
NA
NA
NA
NA
163.9
2,489
NA
NA
NA
NA
12.5
23
21.0
19.9
142.9
34,799
NA
NA
66.2
1,774
57.3
46.3
146.0
31,479
11.60 NA 3.76
2.13
12.25 NA 4.66
Leerink Partners LLC Coverage List
Company
EPS 2017E ($)
P/E
12/22/2017 Market Cap
(MM)
($MM)
Year
Closing Price ($)
2016A ($)
Jonathan Chang, Ph.D., CFA Biotechnology
Dec
3.60
(2.47)
(1.81)
(1.38)
NA
NA
48.1
173
Michael Schmidt, Ph.D.
Biotechnology
Dec
6.63
(1.80)
(0.97)
(0.98)
NA
NA
132.3
877
Specialty Pharmaceuticals
Dec
17.90
NA
NA
NA
NA
NA
74.1
1,327
Michael Schmidt, Ph.D.
Biotechnology
Dec
95.60
Joseph P. Schwartz
Biotechnology
Dec
22.00
Michael Schmidt, Ph.D.
Biotechnology
Dec
4.76
Biotechnology
Dec
14.04
Danielle Antalffy
Medical Supplies and Devices
Dec
120.55
0.98
1.17
Joseph P. Schwartz
Biotechnology
Dec
30.92
(2.85)
(2.59)
Ticker
Rating
Analyst
122 Immune Design Corp.
IMDZ
Outperform
123 ImmunoGen, Inc.
IMGN
Outperform
124 Impax Laboratories, Inc.**
IPXL
Not Rated
125 Incyte Corporation
INCY
Outperform
126 inflaRx N.V.#
IFRX
Outperform
127 Innate Pharma SA#
IPH FP
Outperform
128 Innoviva, Inc.
INVA
Suspended Coverage
129 Inogen, Inc.
INGN
Outperform
130 Insmed Incorporated
INSM
Outperform
Sector
0.54 NA € 0.23 NA
2018E ($)
Updated on: Shares Outstanding
2017E
2018E
(1.42)
(0.73)
NA
NA
211.0
20,174
(€ 0.62)
(€ 1.03)
NA
NA
23.4
515
(€ 1.09)
(€ 1.10)
NA
NA
57.4
273
NA
NA
NA
NA
108.0
1,517
1.47
NA
82.0
20.9
2,516
(2.39)
NA
NA
76.6
2,368 4,005
131 Insulet Corporation~
PODD
Outperform
Danielle Antalffy
Medical Supplies and Devices
Dec
68.83
(0.48)
(0.35)
0.30
NA
NA
58.2
132 Intellia Therapeutics, Inc.
NTLA
Outperform
Joseph P. Schwartz
Biotechnology
Dec
18.49
(1.43)
(1.53)
(1.52)
NA
NA
42.3
783
133 Intercept Pharmaceuticals, Inc.
ICPT
Market Perform
Joseph P. Schwartz
Biotechnology
Dec
62.90
(16.74)
(13.14)
(17.73)
NA
NA
25.1
1,579
134 Intersect ENT, Inc.^
XENT
Outperform
Richard Newitter
Dec
32.65
(0.89)
(0.64)
(0.60)
NA
NA
29.5
962
135 Intra-Cellular Therapies, Inc.
ITCI
Outperform
Paul Matteis
Dec
15.60
(2.69)
(1.99)
(2.24)
NA
NA
54.6
851
136 Intuitive Surgical, Inc.^
ISRG
Outperform
Richard Newitter
Dec
363.00
7.45
8.70
9.21
41.7
39.4
112.0
40,673
137 Invitae Corporation
NVTA
Outperform
Puneet Souda
Dec
9.18
(3.02)
(2.30)
(1.38)
NA
NA
52.9
486
138 Invuity, Inc.
IVTY
Outperform
Richard Newitter
139 Ionis Pharmaceuticals, Inc.
IONS
Market Perform
Paul Matteis
140 Ironwood Pharmaceuticals, Inc.
IRWD
141 Jazz Pharmaceuticals plc
JAZZ
Medical Supplies and Devices Biotechnology Medical Supplies and Devices Life Science Tools and Diagnostics Medical Supplies and Devices
Dec
6.70
(2.73)
(2.41)
(1.91)
NA
NA
17.1
115
Biotechnology
Dec
51.29
(0.72)
0.11
(0.01)
NA
NA
124.8
6,401
Suspended Coverage
Specialty Pharmaceuticals
Dec
15.78
(0.56)
NA
NA
NA
NA
135.4
2,136
Not Rated
Specialty Pharmaceuticals
Dec
132.53
NA
NA
NA
NA
NA
60.0
7,945
Dec
141.05
6.73
7.25
8.00
19.5
17.6
2,686.5
378,934
142 Johnson & Johnson^
JNJ
Outperform
Danielle Antalffy
Medical Supplies and Devices
143 Juno Therapeutics, Inc.
JUNO
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
46.05
(2.65)
(3.36)
(2.64)
NA
NA
114.2
5,258
144 Karyopharm Therapeutics Inc.
KPTI
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
9.52
(2.92)
(2.69)
(2.94)
NA
NA
47.1
449
145 Kura Oncology, Inc.
KURA
Outperform
Jonathan Chang, Ph.D., CFA
Biotechnology
Dec
15.35
(1.47)
(1.49)
(1.55)
NA
NA
30.2
464
146 LifePoint Health, Inc.^
LPNT
Outperform
Ana Gupte, Ph.D.
Healthcare Facilities
Dec
48.70
3.60
3.58
3.85
13.6
12.6
39.4
1,920
147 Luminex Corporation**
LMNX
Suspended Coverage
Life Science Tools and Diagnostics
Dec
20.16
NA
NA
NA
NA
NA
44.1
888
148 MacroGenics, Inc.
MGNX
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
19.33
(1.69)
(0.77)
(5.69)
NA
NA
36.8
711
149 Magellan Health, Inc.^
MGLN
Market Perform
Ana Gupte, Ph.D.
Managed Care
Dec
97.85
3.22
4.30
5.05
22.8
19.4
24.0
2,353
150 Mallinckrodt plc
MNK
Not Rated
Specialty Pharmaceuticals
Dec
23.75
NA
NA
95.0
2,256
151 McKesson Corporation~
MCK
Market Perform
HCIT & Distribution
Mar
158.17
12.6
12.9
208.5
32,974
Source: Leerink Partners LLC, FactSet, and company data
David Larsen, CFA
NA 12.07
NA 12.54 A
NA 12.25
Leerink Partners LLC Coverage List
Company
Ticker
Rating
Analyst
Sector
Year
Closing Price ($)
2016A ($)
EPS 2017E ($)
P/E 2018E ($)
2017E
2018E
Updated on: Shares Outstanding
12/22/2017 Market Cap
(MM)
($MM)
152 Medtronic plc^
MDT
Market Perform
Danielle Antalffy
Medical Supplies and Devices
Apr
81.62
4.37
4.60 A
4.81
17.7
17.0
1,353.5
110,473
153 Merck & Co., Inc.^
MRK
Market Perform
Seamus Fernandez
Pharmaceuticals/ Major
Dec
56.29
3.78
3.96
4.00
14.2
14.1
2,735.2
153,958
154 Mersana Therapeutics, Inc.
MRSN
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
16.50
(10.82)
(13.42)
(2.32)
NA
NA
22.8
375
155 Mirati Therapeutics, Inc.
MRTX
Outperform
Michael Schmidt, Ph.D.
Biotechnology
Dec
17.65
(4.20)
(2.65)
(1.58)
NA
NA
27.0
476
156 Molina Healthcare, Inc.^
MOH
Outperform
Ana Gupte, Ph.D.
Managed Care
Dec
74.63
0.50
(3.22)
4.50
NA
16.6
57.1
4,261
157 Momenta Pharmaceuticals, Inc.
MNTA
Suspended Coverage
Specialty Pharmaceuticals
Dec
13.45
(0.31)
NA
NA
NA
NA
76.4
1,027
158 Mylan N.V.
MYL
Not Rated
Specialty Pharmaceuticals
Dec
41.96
NA
NA
NA
NA
NA
536.3
22,502
159 Myriad Genetics, Inc.~
MYGN
Market Perform
Puneet Souda
Life Science Tools and Diagnostics
Jun
34.38
1.64
160 Nabriva Therapeutics plc#
NBRV
Outperform
Paul Matteis
Biotechnology
Dec
5.98
(25.56)
Dec
7.78
NA
Dec
0.60
(1.28)
Dec
71.82
(1.63)
Dec
70.97
(1.12)
Dec
14.20
Life Science Tools and Diagnostics Medical Supplies and Devices
1.05 A
1.04
32.7
33.1
69.2
2,381
(2.26)
NA
NA
36.7
219
NA
NA
NA
NA
25.4
197
(0.24)
(0.01)
NA
NA
101.0
61
(1.67)
(0.83)
NA
NA
88.5
6,355
(1.19)
(0.01)
NA
NA
29.6
2,103
(1.36)
(0.70)
(1.30)
NA
NA
28.1
399
4.76
4.81
5.25
17.2
15.8
2,616.8
216,832
(2.50)
161 NanoString Technologies, Inc.^
NSTG
Suspended Coverage
162 Neovasc Inc.
NVCN
Outperform
Danielle Antalffy
163 Neurocrine Biosciences, Inc.
NBIX
Outperform
Paul Matteis
164 Nevro Corp.
NVRO
Outperform
Danielle Antalffy
165 Nightstar Therapeutics plc#*
NITE
Outperform
Joseph P. Schwartz
Biotechnology Medical Supplies and Devices Biotechnology
166 Novartis AG
NVS
Market Perform
Seamus Fernandez
Pharmaceuticals/ Major
Dec
82.86
167 Novo Nordisk A/S
NVO
Market Perform
Seamus Fernandez
DKK 335.60
DKK 15.67
DKK 16.07
21.4
20.9
2,469.0
828,596
NUVA
Outperform
Richard Newitter
Dec
58.82
1.66
1.91
2.25
30.8
26.1
51.0
2,998
169 NxStage Medical, Inc.
NXTM
Market Perform
Danielle Antalffy
Pharmaceuticals/ Major Medical Supplies and Devices Medical Supplies and Devices
Dec
168 NuVasive, Inc.^
Dec
25.33
(0.07)
(0.05)
0.13
NA
NA
66.2
1,678
170 ObsEva SA*^*
OBSV
Outperform
Paul Matteis
Biotechnology
Dec
9.86
(1.40)
(2.25)
(2.45)
NA
NA
37.1
366
171 OncoMed Pharmaceuticals, Inc.
OMED
Market Perform
Michael Schmidt, Ph.D.
Biotechnology
Dec
3.70
(3.14)
(1.57)
(1.36)
NA
NA
37.9
140
172 Orexigen Therapeutics, Inc.
OREX
Suspended Coverage
Biotechnology
Dec
1.20
NA
NA
NA
NA
NA
16.6
20
173 OvaScience, Inc.
OVAS
Suspended Coverage
Biotechnology
Dec
1.46
NA
NA
NA
NA
NA
35.7
52
174 Owens & Minor, Inc.
OMI
Market Perform
Healthcare Distribution
Dec
19.10
10.9
9.1
61.3
1,170
175 Pacira Pharmaceuticals, Inc.+
PCRX
Not Rated
Specialty Pharmaceuticals
Dec
43.75
NA
NA
NA
NA
NA
40.6
1,775
176 Paratek Pharmaceuticals, Inc.
PRTK
Outperform
Dec
18.45
(5.51)
(3.42)
(4.43)
NA
NA
27.9
516
177 PerkinElmer, Inc.**
PKI
Suspended Coverage
Biotechnology Life Science Tools and Diagnostics
Dec
72.98
NA
NA
NA
NA
NA
110.2
8,044
178 Perrigo Company plc
PRGO
Not Rated
Specialty Pharmaceuticals
Dec
87.36
179 Pfizer Inc.^
PFE
Market Perform
Seamus Fernandez
Pharmaceuticals/ Major
Dec
36.30
180 ProQR Therapeutics N.V.
PRQR
Outperform
Joseph P. Schwartz
Biotechnology
Dec
3.05
(€ 1.68)
(€ 1.75)
181 Protagonist Therapeutics, Inc.
PTGX
Outperform
Joseph P. Schwartz
Biotechnology
Dec
20.24
(5.80)
(2.35)
182 Proteostasis Therapeutics, Inc.
PTI
Outperform
Joseph P. Schwartz
Biotechnology
Dec
5.28
(2.06)
(2.56)
Source: Leerink Partners LLC, FactSet, and company data
David Larsen, CFA
Paul Matteis
NA
2.14
NA 2.40
1.75
NA 2.60
2.10
NA
NA
NA
140.8
12,304
14.0
13.6
5,960.7
216,374
(€ 1.11)
NA
NA
25.5
78
(1.82)
NA
NA
20.5
415
(1.89)
NA
NA
33.1
175
2.66
Leerink Partners LLC Coverage List
Ticker
Rating
Analyst
Sector
Year
Closing Price ($)
2016A ($)
183 Puma Biotechnology, Inc.
PBYI
Outperform
Michael Schmidt, Ph.D.
Dec
98.55
(8.29)
184 QIAGEN N.V.**
QGEN
Suspended Coverage
Dec
31.84
185 Quality Systems, Inc.~
QSII
Market Perform
David Larsen, CFA
Biotechnology Life Science Tools and Diagnostics HCIT & Distribution
Mar
13.85
0.72
186 Reata Pharmaceuticals, Inc.
RETA
Outperform
Joseph P. Schwartz
Biotechnology
Dec
26.25
(0.31)
187 Regeneron Pharmaceuticals, Inc.
