Biotech Stocks on Investors' Radar -- Ophthotech, Pacific Biosciences of California, PTC Therapeutics, and Portola Pharma

Tuesday, May 23, 2017 Drug News
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NEW YORK, May 23, 2017 /PRNewswire/ --

Stock-Callers.com has initiated coverage on Ophthotech Corp. (NASDAQ: OPHT),

Pacific Biosciences of California Inc. (NASDAQ: PACB), PTC Therapeutics Inc. (NASDAQ: PTCT), and Portola Pharmaceuticals Inc. (NASDAQ: PTLA). The Biotech arena includes companies, which produce medicines that have a biological basis. These firms also
have high costs due to their focus on R&D as well as the length of time and difficulty in testing and creating new products. Learn more about these stocks by downloading their comprehensive and free reports at:

http://stock-callers.com/registration

Ophthotech  

On Monday, shares in New York headquartered Ophthotech Corp. rose 2.03%, ending the day at $2.51. The stock recorded a trading volume of 698,249 shares. The Company's shares are trading below their 50-day moving average by 18.44%. Moreover, shares of Ophthotech, which develops novel therapeutics to treat diseases of the back of the eye, have a Relative Strength Index (RSI) of 35.77.

On May 03rd, 2017, Ophthotech announced financial and operating results for Q1 ended March 31st, 2017. Collaboration revenue was $1.7 million for the quarter; R&D expenses were $32 million; general and administrative expenses were $13.2 million; and net loss was $43.1 million. The Company also had $227.6 million in cash, cash equivalents, and marketable securities as of March 31st, 2017. OPHT complete research report is just a click away and free at:

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

Pacific Biosciences of California  

Shares in Menlo Park, California headquartered Pacific Biosciences of California Inc. ended the day 1.79% lower at $3.83 with a total trading volume of 590,767 shares. Since the start of this year, the stock has gained 0.79% The Company's shares are trading below their 50-day moving average by 16.80%. Furthermore, shares of Pacific Biosciences of California, which designs, develops, and manufactures sequencing systems to resolve genetically complex problems, have an RSI of 35.01.

On April 26th, 2017, the Company announced financial results for its Q1 ended March 31st, 2017. Product and service revenue for the quarter was $24.9 million; gross profit was $8.9 million, resulting in a gross margin of 35.9%; operating expenses totaled $32.2 million; and net loss was $23.9 million. Additionally, cash, cash equivalents, and investments, excluding restricted cash, totaled $56.1 million at March 31st, 2017. The complimentary report on PACB can be downloaded at:

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

PTC Therapeutics  

At the close of trading on Monday, shares in South Plainfield, New Jersey headquartered PTC Therapeutics Inc. finished 1.40% lower at $13.41 with a total trading volume of 557,609 shares. The stock has advanced 17.94% in the last one month and 22.91% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 23.60% and 23.64%, respectively. Additionally, shares of PTC Therapeutics, which focuses on the discovery, development, and commercialization of orally administered, small molecule drugs that target post-transcriptional control processes, have an RSI of 68.85.

On May 19th, 2017, PTC Therapeutics announced that on May 17th, 2017, it approved non-statutory stock options to purchase 46,500 shares of its common stock to ten, new employees. The awards were made pursuant to the NASDAQ inducement grant exception as a component of the Company's new hires' employment compensation. Sign up for your complimentary research report on PTCT at:

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

Portola Pharma  

South San Francisco, California headquartered Portola Pharmaceuticals Inc.'s shares recorded a trading volume of 423,433 shares at the end of yesterday's session. The stock closed the day 1.16% lower at $38.43. The Company's shares have advanced 0.60% in the past month, 17.67% in the previous three months, and 71.26% on an YTD basis. The stock is trading above its 200-day moving average by 40.38%. Additionally, shares of Portola Pharma, which develops and commercializes therapeutics for patients in the areas of thrombosis, other hematologic disorders, and inflammation, have an RSI of 43.52.

On May 18th, 2017, Portola Pharma announced that preclinical and clinical data on cerdulatinib in relapsed/refractory b-cell malignancies will be presented at the European Hematology Association, to be held from June 22nd, 2017 to June 25th, 2017 in Madrid, Spain. Cerdulatinib is an investigational oral, dual SYK/JAK kinase inhibitor in development to treat patients with resistant or relapsed hematologic cancers. Get free access to your research report on PTLA at:

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

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