Biotech Stock Performance Review - Vanda Pharma, Verastem, Acceleron Pharma, and Zai Lab

Wednesday, November 15, 2017 Drug News
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NEW YORK, November 15, 2017 /PRNewswire/ --

If you want a Stock Review on VNDA, VSTM, XLRN, or ZLAB then come over

to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com monitors Vanda Pharmaceuticals Inc. (NASDAQ: VNDA), Verastem Inc. (NASDAQ: VSTM), Acceleron Pharma Inc. (NASDAQ: XLRN), and Zai
Lab Ltd (NASDAQ: ZLAB). These companies belong to the Biotechnology space, which is engaged in the research and development of new drugs, medical devices, and procedures. The industry includes the manufacturing and marketing of drugs as a result of direct research and development. These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at: http://dailystocktracker.com/register/

Vanda Pharmaceuticals 

Washington, the District of Columbia headquartered Vanda Pharmaceuticals Inc.'s stock finished Tuesday's session flat at $12.95 with a total trading volume of 496,938 shares. The stock is trading below their 200-day moving average by 15.50%. Shares of the Company, which focuses on the development and commercialization of products for the treatment of central nervous system disorders, have a Relative Strength Index (RSI) of 28.12.

On November 10th, 2017, Vanda Pharma (VNDA) announced the refusal of the marketing authorization application (MAA) of Fanaptum (oral iloperidone tablets) for the treatment of schizophrenia in adult patients in the European Union. In July 2017, the Committee for Medicinal Products for Human Use (CHMP) adopted a negative opinion, recommending the refusal of the Fanaptum MAA. After considering the grounds for VNDA's request for a re-examination of the initial opinion, CHMP re-examined the opinion and confirmed the refusal of the Fanaptum MAA on November 09th, 2017. Your complete research report on VNDA can be retrieved for free at: http://dailystocktracker.com/registration/?symbol=VNDA

Verastem 

Shares in Needham, Massachusetts headquartered Verastem Inc. dropped 3.54%, ending yesterday's session at $3.27 with a total trading volume of 303,227 shares. The stock has gained 0.93% in the previous three months and 191.96% on an YTD basis. The Company's shares are trading 15.84% above their 200-day moving average. Moreover, shares of Verastem, which focuses on discovering and developing drugs for the treatment of cancer, have an RSI of 28.93.  

On November 01st, 2017, Verastem announced that four abstracts have been selected for presentation, including two oral presentations, at the upcoming American Society of Hematology 2017 Annual Meeting to be held from December 09th, 2017, to December 12th, 2017 in Atlanta, GA. Included among the oral presentations are the detailed results from the Phase 3 DUO™ study evaluating the efficacy and safety of duvelisib, a first-in-class oral dual inhibitor of phosphoinositide 3-kinase (PI3K)-delta and PI3K-gamma. A free report on VSTM is just a click away at: http://dailystocktracker.com/registration/?symbol=VSTM

Acceleron Pharma 

On Tuesday, Cambridge, Massachusetts headquartered Acceleron Pharma Inc.'s stock saw a drop of 2.57%, to close the day at $34.12. A total volume of 287,426 shares was traded. The Company's shares have advanced 33.70% on an YTD basis. The stock is trading 7.82% above its 200-day moving average. Additionally, shares of Acceleron Pharma, which focuses on the discovery, development, and commercialization of therapeutics for serious and rare diseases, have an RSI of 32.30.  

On November 01st, 2017, Acceleron Pharma announced that two abstracts have been accepted for presentation at the 59th American Society of Hematology Annual Meeting and Exposition to be held from December 09th, 2017, to December 12th, 2017 in Atlanta, Georgia. The oral and poster presentations will include efficacy, duration of response, and long-term safety results from the ongoing Phase-2 studies with luspatercept in myelodysplastic syndromes and sotatercept in myelofibrosis. 

On November 07th, 2017, research firm H.C. Wainwright reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $57 a share to $62 a share. Sign up for your complimentary research report on XLRN at: http://dailystocktracker.com/registration/?symbol=XLRN

Zai Lab 

Shares in Shanghai, China headquartered Zai Lab Ltd, which engages in discovering or licensing, developing, and commercializing proprietary therapeutics for oncology, and autoimmune and infectious disease therapies in China, ended the day 1.97% lower at $26.85. A total volume of 80,650 shares was traded. The stock is trading below its 50-day moving average by 5.37%.

On October 16th, 2017, research firm Leerink Partners initiated an 'Outperform' rating on the Company's stock, with a target price of $42 per share. Register for free on DailyStockTracker.com and download the latest research report on ZLAB at: http://dailystocktracker.com/registration/?symbol=ZLAB

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