Janney Montgomery Scott Downgrades AMAG Pharmaceuticals (AMAG) to Neutral

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AMAG Pharmaceuticals Provides Financial and Business Update

January 9, 2017 8:01 AM EST

2016 total revenue increased 45 percent

Provides update on Makena® next-generation program

Anticipates 2017 GAAP revenue of $620-$670 million, including Makena net sales of $410-$440 million

WALTHAM, Mass., Jan. 09, 2017 (GLOBE NEWSWIRE) -- AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) today provided a business update, including announcing preliminary unaudited fourth quarter and annual 2016 financial results, 2017 financial guidance, and an update on its Makena® subcutaneous auto-injector program. In a separate release, the company also announced a licensing transaction for RekyndaTM (bremelanotide). The company will present further... More