How These Generic Drugs Stocks are Faring? -- Evoke Pharma, Mallinckrodt, Catalyst Pharma, and Momenta Pharma
NEW YORK, September 15, 2016 /PRNewswire/ --
Stock-Callers.com is currently assessing four Generic Drugs equities, namely: Evoke Pharma Inc. (NASDAQ: EVOK), Mallinckrodt PLC (NYSE: MNK), Catalyst Pharmaceuticals Inc. (NASDAQ: CPRX), and Momenta Pharmaceuticals Inc. (NASDAQ: MNTA). According to the latest data available from BCC Research dated 2011, the industry is expected to reach sales of $358 billion this year due to strong demand from emerging markets and the US. Register now and get full and free access to our downloadable research reports on these stocks at:
On Wednesday, shares in Solana Beach, California headquartered Evoke Pharma Inc. recorded a trading volume of 220,767 shares. The stock ended the day at $1.92, climbing 1.59%. The Company's shares are trading below its 50-day moving average by 43.52%. Furthermore, shares of Evoke Pharma, which primarily focuses on the development of drugs for the treatment of gastroenterological disorders and diseases, have a Relative Strength Index (RSI) of 41.14.
On September 7th, 2016, Evoke Pharma announced that it has completed a pre-New Drug Application (NDA) meeting with the US Food and Drug Administration (FDA) regarding its lead product candidate, Gimoti™, its patented nasal delivery formulation of metoclopramide for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in adult women. The focus of this pre-NDA meeting with the FDA was the content of the regulatory, chemistry, manufacturing, and control (CMC), and non-clinical sections of the Company's planned 505(b)(2) NDA for Gimoti. Access our complete research report on EVOK for free at:
Chesterfield, the UK-based Mallinckrodt PLC's stock finished yesterday's session 1.02% higher at $75.33 and with a total trading volume of 1.40 million shares. The Company's shares have gained 25.30% over the previous three months and 0.94% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.24% and 13.90%, respectively. Furthermore, shares of Mallinckrodt, 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 52.59.
On August 31st, 2016, Mallinckrodt announced that it closed the acquisition of Stratatech Corporation, a privately held regenerative medicine company focused on the development of unique, proprietary skin substitute products. Developmental products include StrataGraft® regenerative skin tissue and a technology platform for genetically enhanced skin tissues.
On August 31st, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $87 a share to $84 a share. The complimentary research report on MNK can be downloaded at:
At the closing bell on Wednesday, shares in Coral Gables, Florida-based Catalyst Pharmaceuticals Inc. saw a decline of 2.08%, ending the day at $0.95. The stock recorded a trading volume of 283,149 shares. The Company's shares have advanced 26.07% in the last one month and 20.92% in the previous three months. The stock is trading 11.35% above its 50-day moving average. Moreover, shares of Catalyst Pharmaceuticals, which focuses on the development and commercialization of therapies for people with rare debilitating diseases, have an RSI of 50.06.
On September 2nd, 2016, Catalyst Pharmaceuticals announced that the FDA has granted the company orphan drug designation for Firdapse® (amifampridine phosphate) for the treatment of myasthenia gravis. Orphan Drug designation is granted by the FDA's Office of Orphan Products Development for drugs that are expected to provide significant therapeutic advantage over existing treatments and that target conditions affecting 200,000 or fewer U.S. patients annually. Register for free on Stock-Callers.com and get access to the latest PDF format report on CPRX at:
Cambridge, Massachusetts headquartered Momenta Pharmaceuticals Inc.'s stock ended the day 1.48% higher at $11.69 and with a total trading volume of 286,794 shares. The Company's shares have gained 3.91% over the previous three months. The stock is trading 1.41% above its 200-day moving average. Additionally, shares of Momenta Pharmaceuticals, which focuses on developing generic versions of complex drugs, biosimilars, and novel therapeutics for oncology and autoimmune diseases, have an RSI of 46.63.
On August 4th, 2016, Momenta Pharmaceuticals reported total revenues of $26.4 million, including $20.7 million in product revenues from Sandoz's sale of Glatopa®, for Q2 2016. The company's net loss was $(21.0) million, or $(0.31) per share, for Q2 2016 compared to a net loss of $(2.2) million, or $(0.04) per share, for Q2 2015. As of June 30th, 2016, the company had cash, cash equivalents, and marketable securities of $336.9 million compared to $362.8 million at March 31st, 2016.
On September 07th, 2016, research firm Maxim Group downgraded the Company's stock rating from 'Hold' to 'Sell', issuing a target price of $6 per share. Download your free research report on MNTA at:
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