Pre-Market Technical Recap on Biotech Stocks -- Array BioPharma, Catabasis Pharma, Cerulean Pharma, and Immunomedics

Wednesday, June 21, 2017 Drug News
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NEW YORK, June 21, 2017 /PRNewswire/ --

If you want a stock review on ARRY, CATB, CERU, or IMMU then come over to

http://dailystocktracker.com/register/ and sign up for your free customized reports today. DailyStockTracker.com has initiated coverage on the following Biotech stocks: Array BioPharma Inc. (NASDAQ: ARRY), Catabasis Pharmaceuticals Inc. (NASDAQ:
CATB), Cerulean Pharma Inc. (NASDAQ: CERU), and Immunomedics Inc. (NASDAQ: IMMU). According to a report released by professional services firm EY on Monday, June 19th, 2017, revenue for American and European biotech companies reached $139.4 billion in 2016, up 7% from a year earlier. However, net income dropped 52% to $7.9 billion, and financing dropped 27% to $7.9 billion. Daily Stock Tracker provides great insights on these stocks in its free research reports at:

http://dailystocktracker.com/register/

Array BioPharma 

Boulder, Colorado headquartered Array BioPharma Inc.'s shares surged 8.02%, finishing Tuesday's trading session at $8.35. A total volume of 4.17 million shares was traded, which was higher than their three months average volume of 3.84 million shares. In the last month, the stock has advanced 1.33%. The Company's shares are trading above their 50-day and 200-day moving averages by 3.73% and 1.21%, respectively. Moreover, shares of Array BioPharma, which focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer in North America, Europe, and Asia/Pacific, have a Relative Strength Index (RSI) of 57.21.

On May 30th, 2017, Array BioPharma and Bristol-Myers Squibb Company announced that they have entered into a clinical research collaboration to investigate the safety, tolerability, and efficacy of the former's investigational MEK inhibitor, binimetinib, in combination with Bristol-Myers Squibb's Opdivo (nivolumab) and Opdivo + Yervoy (ipilimumab) regimen as a potential treatment for metastatic colorectal cancer in patients with microsatellite stable tumors. Free research report on ARRY is available at:

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

Catabasis Pharma 

On Tuesday, shares in Cambridge, Massachusetts-based Catabasis Pharmaceuticals Inc. recorded a trading volume of 90,095 shares, and ended the session 0.76% higher at $1.33. The stock is trading 4.12% below its 50-day moving average. Shares of the Company, which focuses on the discovery, development, and commercialization of therapeutic products based on safely metabolized and rationally targeted (SMART) linker drug discovery platform in the US, have an RSI of 44.54.

On June 08th, 2017, Catabasis Pharma announced positive preclinical data on CAT-5571, supporting its potential as an oral treatment for cystic fibrosis (CF). These data, demonstrating CAT-5571's ability to significantly reduce the intracellular bacterial load of P. aeruginosa and B. cenocepacia, suggest that it could play an important role in improving clinical outcomes in combination with current CF therapies. The complimentary research report on CATB can be downloaded at:

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

Cerulean Pharma 

Shares in Waltham, Massachusetts headquartered Cerulean Pharma Inc. closed at $0.39, up 14.68% from the last trading session. The stock recorded a trading volume of 2.42 million shares, which was above its three months average volume of 1.77 million shares. The Company's shares are trading 18.78% below their 50-day moving average. Additionally, shares of Cerulean Pharma, which develops nanotechnology-based therapeutics in the areas of oncology and other diseases in the US, have an RSI of 44.54. Visit DailyStockTracker.com today and access our complete research report on CERU at:

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

Immunomedics 

Morris Plains, New Jersey headquartered Immunomedics Inc.'s stock ended 6.57% higher at $8.27. A total volume of 4.58 million shares was traded, which was above their three months average volume of 2.87 million shares. The Company's shares have advanced 12.52% in the last one month, 30.24% over the previous three months, and 125.34% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 21.53% and 77.92%, respectively. Furthermore, shares of Immunomedics, which focuses on the development of monoclonal antibody-based products for the targeted treatment of cancer, autoimmune disorders, and other diseases, have an RSI of 64.51. Free research report on IMMU is available at:

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

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