Breakfast Technical Briefing on Biotech Stocks -- Pacific Biosciences of California, Puma Biotechnology, PDL BioPharma, and Progenics Pharma

Thursday, August 3, 2017 Drug News
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NEW YORK, August 3, 2017 /PRNewswire/ --

If you want a Stock Review on PACB, PBYI, PDLI, or PGNX then come over to

http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has issued research reports on Pacific Biosciences of California Inc. (NASDAQ: PACB), Puma Biotechnology Inc. (NASDAQ: PBYI), PDL BioPharma
Inc. (NASDAQ: PDLI), and Progenics Pharmaceuticals Inc. (NASDAQ: PGNX). According to a Zacks report, expectations are high that the Biotech sector will witness an increase in M&As as the year progresses; potential tax reform and cash repatriation are expected to lead to a boost in this area. However, not many deals have been announced this year - a key reason could be a "wait and watch" approach regarding the drug pricing situation as well as tax reforms. Daily Stock Tracker published free research reports on these stocks today at:

http://dailystocktracker.com/register/

Pacific Biosciences of California 

Menlo Park, California headquartered Pacific Biosciences of California Inc.'s shares declined 0.62%, closing Wednesday's trading session at $3.20. The stock recorded a trading volume of 569,683 shares. The Company's shares are trading 7.42% below their 50-day moving average. Additionally, shares of Pacific Biosciences of California, which designs, develops, and manufactures sequencing systems to resolve genetically complex problems, have a Relative Strength Index (RSI) of 40.71. See our free and comprehensive research report on PACB at:

http://dailystocktracker.com/registration/?symbol=PACB

Puma Biotechnology 

Los Angeles, California headquartered Puma Biotechnology Inc.'s stock finished the day 0.83% lower at $89.20 with a total trading volume of 890,584 shares. The Company's shares have advanced 1.54% in the last one month, 140.76% in the previous three months, and 190.55% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.44% and 80.39%, respectively. Additionally, shares of Puma Biotechnology, which focuses on the development and commercialization of products to improve cancer care, have an RSI of 46.22.  

On July 10th, 2017, research firm Leerink Partners resumed its 'Outperform' rating on the Company's stock, with a target price of $115 per share.

On July 17th, 2017, Puma Biotechnology announced that the US Food and Drug Administration has approved NERLYNX™ (neratinib), formerly known as PB272, a once-daily oral tyrosine kinase inhibitor for the extended adjuvant treatment of adult patients with early stage HER2-overexpressed/amplified breast cancer, following adjuvant trastuzumab-based therapy. The Company expects neratinib to become commercially available in September 2017 and to be marketed as NERLYNX. PBYI free research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=PBYI

PDL BioPharma 

On Wednesday, shares in Incline Village, Nevada headquartered PDL BioPharma Inc. recorded a trading volume of 2.11 million shares, which was above their three months average volume of 1.49 million shares. The stock declined 0.89%, ending the day at $2.22. The Company's shares have advanced 2.78% in the previous three months and 4.72% on an YTD basis. The stock is trading below its 200-day moving average by 7.22%. Furthermore, shares of PDL BioPharma, which acquires and manages companies, products, royalty agreements, and debt facilities in the biotech, pharmaceutical, and medical device industries in the US, Europe, and internationally, have an RSI of 34.25.  

On July 31st, 2017, PDL BioPharma announced that it will release its Q2 financial results for the period ended June 30th, 2017, on August 03rd, 2017, after market close. Management will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the financial results. The live and subsequently archived webcast of the conference call may be accessed on the Company's website. Sign up for your complimentary report on PDLI at:

http://dailystocktracker.com/registration/?symbol=PDLI

Progenics Pharma 

Shares in New York-based Progenics Pharmaceuticals Inc. ended yesterday's session 3.32% lower at $5.83. The stock recorded a trading volume of 647,521 shares. The Company's shares are trading 14.18% below their 50-day moving average. Moreover, shares of Progenics Pharma, which develops medicines and other technologies to target and treat cancer in the US and internationally, have an RSI of 24.98.  

On July 26th, 2017, Progenics Pharma announced that it will host a conference call and webcast to review the second quarter ended June 30th, 2017, financial results on August 09th, 2017, at 8:30 a.m. ET. The live webcast will be available under the Media Center section of the Company's website. Register for free on DailyStockTracker.com and download the latest research report on PGNX at:

http://dailystocktracker.com/registration/?symbol=PGNX

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