NEW YORK, May 15, 2017 /PRNewswire/ --
Pre-market today, Stock-Callers.com directs attention to Akorn Inc. (NASDAQ:AKRX), Collegium Pharmaceutical Inc. (NASDAQ: COLL), Momenta Pharmaceuticals Inc. (NASDAQ: MNTA), and Diplomat Pharmacy Inc. (NYSE: DPLO). The US is the biggest Generic Drugs market in the world. Nearly 80% of the prescriptions written in the country
Lake Forest, Illinois headquartered Akorn Inc.'s shares recorded a trading volume of 2.13 million shares last Friday. The stock finished the trading session 0.06% lower at $33.15. The Company's shares have gained 0.48% in the last one month, 61.79% over the previous three months, and 51.86% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 19.09% and 31.24%, respectively. Furthermore, shares of Akorn, which develops, manufactures, and markets specialized generic and branded pharmaceuticals, over-the-counter drug products, and animal health products in the US and internationally, have a Relative Strength Index (RSI) of 72.34.
On April 25th, 2017, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'. Access our complete research report on AKRX for free at: http://stock-callers.com/registration/?symbol=AKRX
On Friday, Canton, Massachusetts headquartered Collegium Pharmaceutical Inc.'s stock ended the session 2.28% higher at $9.42 with a total trading volume of 292,756 shares. The Company's shares are trading 17.75% below their 50-day moving average. Shares of the Company, which develops and commercializes abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases, have an RSI of 41.96.
On May 10th, 2017, Collegium Pharma reported its financial results for Q1 2017. Net loss was $23.1 million; net product revenues for Xtampza ER were $2.2 million; R&D expenses were $2.1 million; and selling, general, and administrative expenses were $22.8 million for the quarter. Additionally, the Company had cash and cash equivalents of $129.6 million as of March 31st, 2017.
On May 11th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $28 a share to $25 a share. The complimentary research report on COLL can be downloaded at: http://stock-callers.com/registration/?symbol=COLL
Cambridge, Massachusetts headquartered Momenta Pharmaceuticals Inc.'s stock ended the day 1.29% higher at $15.70 with a total trading volume of 800,179 shares. The Company's shares have gained 18.49% in the last month and 4.32% on an YTD basis. The stock is trading 11.78% and 13.82% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Momenta Pharma, which focuses on developing generic versions of complex drugs, biosimilars, and novel therapeutics for autoimmune diseases in the US, have an RSI of 63.19.
On May 10th, 2017, Momenta Pharma announced that it will webcast its presentation at two upcoming investor conferences. The Company will present at the Bank of America Merrill Lynch 2017 Health Care Conference on Wednesday, May 17th, 2017, at 12:20 p.m. ET in Las Vegas, NV. The Company will also present at the UBS Global Healthcare Conference on Tuesday, May 23rd, 2017, at 9:00 a.m. ET in New York, NY. Register for free on Stock-Callers.com and get access to the latest PDF format report on MNTA at: http://stock-callers.com/registration/?symbol=MNTA
Shares in Flint, Michigan headquartered Diplomat Pharmacy Inc. recorded a trading volume of 802,947 shares. The stock ended Friday's session 1.05% lower at $17.89. The Company's shares have gained 21.29% in the last month, 22.53% over the previous three months, and 41.98% since the start of this year. The stock is trading above its 50-day moving average by 16.45%. Furthermore, shares of Diplomat Pharmacy, which operates as an independent specialty pharmacy in the US, have an RSI of 70.57.
On May 08th, 2017, Diplomat Pharmacy has completed its acquisition of WRB Communications, Inc. ("WRB"), a health care service center company based in Chantilly, Virginia. WRB will join Envoy Health Management, LLC as part of Diplomat's commercialization support services for manufacturers, biotech firms, and other service companies. Download your free research report on DPLO at: http://stock-callers.com/registration/?symbol=DPLO
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