Halister News

(Bloomberg) -- Keryx rises to $6.50 pre-mkt on 2.4k shares after Citi analyst Yigal Nochomovitz upgraded to neutral from sell (PT $6.50 from $4).

• Auryxia 4Q re-launch data are coming in "substantially higher than our expectations"
• • Auryxia 4Q16 TRx demand was ~8,700 and Dec. TRx was ~4,500 or 90% of the TRx peak in July 2016 before the supply interruption
• Sales poised to grow in 2017 and beyond; raised sales estimates
  • 2017 Auryxia dialysis est. $45m from $19m
  • U.S. peak sales in dialysis $160m from $60m (by 2024); peak share revised to 4% vs 1.5% currently
  • Reinstated 10% discount rate from 12.5% to reflect a "more commercially appropriate" level
• Sees FDA approval/launch in 4Q16
  • NOTE: Jan. 9, KERX submitted supplemental new drug application (sNDA)
• NOTE: KERX to present at JPMorgan Healthcare conference at 5:30pm
• Stock 4 buys, 5 holds, 0 sells, avg PT $7: Bloomberg data
• NOTE: Jan. 9, KERX said 2016 revenue will reach $31.9m vs est. $28.6m.

To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Scott Schnipper

Economic Release Details: {POREANN Index ECOD} --WOJCIECH MOSKWA

(Bloomberg) -- Link to story

(Bloomberg) -- PBOC Beijing branch and the city’s financial work bureau inspected bitcoin exchanges including Huobi.com and OKCoin today, according to a statement from PBOC.

• Platforms are checked for violations of forex management and money laundering
• NOTE: PBOC Shanghai Makes On-Site Check of BTCChina Bitcoin Exchange Link
• Link to statement: http://alturl.com/4gys6

(Bloomberg) -- Bitcoin drops 6% after PBOC Shanghai says it conducted on-site inspection at Shanghai-based BTCChina.com to check for any violations of market manipulation, money laundering and safety of customer funds.

• Bitcoin prices have plunged 20% from record high of $1,091.7 on Jan. 4
• Current trading price at BTCChina.com, platform tailored to Chinese clients, dropped 9% from 24-hour high
• Trading volume was 1.5m bitcoins on BTCChina as of today, 1.2m on Huobi.com today, 1.8m on OKCoin.cn
  • NOTE: Bitcoin trading could only accommodate a small fraction of funds leaving China, Bloomberg Intelligence says
• NOTE: BTCChina, Huobi.com, OKCoin.cn are major bitcoin trading platforms providing services to Chinese clients
• NOTE: Jan.9, China to Study Bitcoin Custodian Platform: Securities Journal