Generic Drugs Stocks on Investors' Radar -- Zoetis, Sophiris Bio, Rigel Pharma, and Mallinckrodt
NEW YORK, October 28, 2016 /PRNewswire/ --
Stock-Callers.com has issued research reports on these four Generic Drugs equities: Zoetis Inc. (NYSE: ZTS), Sophiris Bio Inc. (NASDAQ: SPHS), Rigel Pharmaceuticals Inc. (NASDAQ: RIGL), and Mallinckrodt PLC (NYSE: MNK). According to the report by Research and Markets, the global industry is forecast to grow at a CAGR of 10.53% during the period of 2016 to 2020, with its key growth driver being the patent expiry of top-selling drugs. Learn more about these stocks by downloading their comprehensive and free reports at:
At the close on Thursday, shares in Florham Park, New Jersey headquartered Zoetis Inc. ended the day flat at $48.77. The stock recorded a trading volume of 2.56 million shares. The Company's shares have advanced 2.42% since the start of this year. The stock is trading above its 200-day moving average by 3.43%. Moreover, shares of Zoetis, which engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals in the US and internationally, have a Relative Strength Index (RSI) of 34.61.
On October 06th, 2016, The Board of Directors of Zoetis declared Q4 2016 dividend payable to holders of its common stock of $0.095 per share. The dividend is to be paid on December 1st, 2016, to holders of record on November 3rd, 2016.
On September 29th, 2016, research firm Bank of America/ Merrill resumed its 'Buy' rating on the Company's stock. ZTS complete research report is just a click away and free at:
Shares in La Jolla, California-based Sophiris Bio Inc. ended the day 5.02% lower at $2.84 and with a total trading volume of 678,308 shares. The stock has gained 59.55% on an YTD basis. The Company's shares are trading above their 200-day moving average by 18.64%. Furthermore, shares of Sophiris Bio, which focuses on the development of products for the treatment of urological diseases, have an RSI of 41.16. The complimentary report on SPHS can be downloaded at:
On Thursday, shares in California-based Rigel Pharmaceuticals Inc. finished 1.16% lower at $2.55 with a total trading volume of 1.55 million shares. The stock has advanced 11.35% over the previous three months. The Company's shares are trading below their 200-day moving average by 4.56%. Additionally, shares of Rigel Pharmaceuticals, which engages in the discovery and development of novel and targeted drug candidates in the therapeutic areas of immunology, oncology, and immuno-oncology, have an RSI of 23.39.
On October 20th, 2016, Rigel Pharmaceuticals announced results for the second of two double-blind studies in the FIT Phase 3 clinical program for fostamatinib, an oral spleen tyrosine kinase (SYK) inhibitor, in adult chronic/persistent immune thrombocytopenia (ITP). In the FIT 2 (Study 048) Phase 3 study, the fostamatinib response rate was 18%, consistent with the recently reported FIT 1 (Study 047) Phase 3 study. In Study 048, one patient in the placebo group (4%) achieved a stable platelet response; therefore the difference between those on treatment and those on placebo did not reach statistical significance (p=0.152) and the study did not meet its primary endpoint. When the data from both studies are combined, however, this difference is statistically significant (p=0.007). Sign up for your complimentary research report on RIGL at:
The UK-based Mallinckrodt PLC's shares recorded a trading volume of 803,746 shares at the end of yesterday's session and closed the day at $63.04, gaining 0.27%. The stock is trading below its 200-day moving average by 4.19%. Shares of the Company, which develops, manufactures, markets, and distributes specialty pharmaceutical and biopharmaceutical products, and nuclear imaging agents in the US, Europe, the Middle East, Africa, and internationally, have an RSI of 33.03.
On September 29th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $91 a share to $89 a share.
As per notes filed with the SEC on October 24th, 2016, the US Court of Appeals for the Fourth Circuit issued an Order on October 21st, 2016, removing Mallinckrodt Inc.'s pending litigation with the U.S. Food and Drug Administration (FDA) from the Court's oral argument calendar and placing that litigation in abeyance pending the outcome of the Approval Withdrawal Proceedings initiated by the FDA on October 17th, 2016. In response, on October 21st, 2016, Mallinckrodt filed a Motion to Reconsider with the Court requesting that the oral arguments be placed back on the Court's calendar and that the litigation be allowed to proceed. On October 24, 2016, the Court affirmed its earlier decision. The company has stated that its generic methylphenidate ER product is a safe and effective treatment option for patients who suffer from ADHD. As such, Mallinckrodt plans to set forth its position in the Approval Withdrawal Proceedings. Get free access to your research report on MNK at:
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