Biotech Stocks on Investors' Radar -- Array BioPharma, Celgene, Amgen, and Cerulean Pharma

Wednesday, May 3, 2017 Drug News
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NEW YORK, May 3, 2017 /PRNewswire/ --

Stock-Callers.com has initiated coverage on Array BioPharma Inc. (NASDAQ: ARRY),

Celgene Corp. (NASDAQ: CELG), Amgen Inc. (NASDAQ: AMGN), and Cerulean Pharma Inc. (NASDAQ: CERU). Biotechnology companies are engaged in the research and development of biological substances, primarily for the purpose of drug discovery and diagnostic
development. Learn more about these stocks by downloading their comprehensive and free reports at:

http://stock-callers.com/registration

Array BioPharma  

On Tuesday, shares in Boulder, Colorado headquartered Array BioPharma Inc. saw a drop of 15.98%, ending the day at $7.36. The stock recorded a trading volume of 14.81 million shares, which was above its three months average volume of 3.80 million shares. The Company's shares are trading below their 200-day moving average by 2.35%. Moreover, shares of Array BioPharma, which focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer in North America, Europe, and Asia/Pacific, have a Relative Strength Index (RSI) of 26.54.

On April 27th, 2017, Array BioPharma announced that Shalini Sharp, CFO and Executive Vice President of Ultragenyx Pharmaceutical Inc., joined the Company's Board of Directors on April 27th, 2017. Ms. Sharp has been appointed to the Audit Committee of the Board. ARRY complete research report is just a click away and free at:

http://stock-callers.com/registration/?symbol=ARRY

Celgene  

Shares in Summit, New Jersey headquartered Celgene Corp. ended the day 0.19% lower at $123.82, with a total trading volume of 3.21 million shares. In the previous three months and since the start of this year, the stock has gained 6.60% and 6.97%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 0.06% and 8.03%, respectively. Furthermore, shares of Celgene, which discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases worldwide, have an RSI of 48.48.

On April 27th, 2017, Celgene reported operating and financial results for the three months ended March 31st, 2017. Net product sales were $2,950 million, and total revenue was $2,960 million. Based on US GAAP, net income was $941 million for Q1 2017, and diluted earnings per share were $1.16. R&D expenses on a GAAP basis were $995 million; and selling, general, and administrative expenses were $620 million for Q1 2017. The complimentary report on CELG can be downloaded at:

http://stock-callers.com/registration/?symbol=CELG

Amgen  

At the close of trading on Tuesday, shares in Thousand Oaks, California headquartered Amgen Inc. finished 0.55% higher at $163.49, with a total trading volume of 3.68 million shares. The stock has advanced 5.07% over the previous three months and 12.59% on an YTD basis. The Company's shares are trading above their 200-day moving average by 1.67%. Additionally, shares of Amgen, which discovers, develops, manufactures, and delivers human therapeutics worldwide, have an RSI of 44.15.

On April 05th, 2017, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'.

On April 24th, 2017, Amgen announced an expanded commercial collaboration with Novartis for erenumab, which is being investigated for the prevention of migraine. This expanded commercial collaboration builds on global neuroscience collaboration in Alzheimer's disease and migraine established in 2015 between the two companies. The duo has agreed to combine capabilities to co-commercialize erenumab in the US. Sign up for your complimentary research report on AMGN at:

http://stock-callers.com/registration/?symbol=AMGN

Cerulean Pharma  

Waltham, Massachusetts-based Cerulean Pharma Inc.'s shares recorded a trading volume of 891,316 shares at the end of yesterday's session. The stock closed the day 4.23% higher at $0.49. The Company's shares are trading below their 50-day moving average by 56.59%. Additionally, shares of Cerulean Pharma, which develops nanotechnology-based therapeutics in the areas of oncology and other diseases in the US, have an RSI of 37.79. Get free access to your research report on CERU at:

http://stock-callers.com/registration/?symbol=CERU

--

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