NEW YORK, November 30, 2016 /PRNewswire/ --
The Biotech arena might have experienced double-digit declines earlierthis year, but following Trump's victory in the presidential election, fund managers are now predicting an uptick in M&A activities within the industry, which should present some investment opportunities. However, uncertainties still linger on worries
On Tuesday, shares in Cambridge, Massachusetts headquartered Biogen Inc. recorded a trading volume of 1.39 million shares. The stock ended the session 0.33% lower at $302.77. The Company's shares have gained 6.74% in the last one month. The stock is trading 7.85% above its 200-day moving average. Moreover, shares of Biogen, which discovers, develops, manufactures, and delivers therapies for the treatment of neurodegenerative diseases, hematologic conditions, and autoimmune disorders, have a Relative Strength Index (RSI) of 45.77.
On November 8th, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's stock, issuing a target price of $290 per share.
On November 18th, 2016, Eisai Co., Ltd announced that the U.S. FDA has granted Fast Track designation for the development of the beta secretase cleaving enzyme (BACE) inhibitor E2609 which was discovered by Eisai and is being jointly developed by Eisai and Biogen. E2609 is currently being investigated in Phase III clinical studies for early Alzheimer's disease. E2609 is an investigational next-generation oral candidate for the treatment of Alzheimer's disease that is believed to inhibit BACE, a key enzyme in the production of amyloid beta. Your complete research report on BIIB can be retrieved for free at:
San Rafael, California headquartered BioMarin Pharmaceutical Inc.'s stock closed the day 1.88% lower at $86.70, with a total trading volume of 1.12 million shares. The Company's shares have advanced 6.87% in the past month. The stock is trading 1.25% below its 200-day moving average. Additionally, shares of BioMarin Pharma, which develops and commercializes pharmaceuticals for serious diseases and medical conditions in the US, Europe, Latin America, and internationally, have an RSI of 47.27.
On October 27th, 2016, BioMarin Pharmaceutical's GAAP net loss for Q3 2016 was $43 million, or $(0.26) per basic and diluted share, compared to GAAP net loss of $91 million, or $(0.57) and $(0.60) per basic and diluted share, respectively, for Q3 2015. BioMarin's total revenues for Q3 2016 were $280 million, an increase of 34% compared to the same period in 2015. The company's Vimizim's net product revenues increased to $81 million, a 25% y-o-y surge.
On November 7th, 2016, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'. BMRN free report is just a click away at:
Shares in Bothell, Washington headquartered Seattle Genetics Inc. recorded a trading volume of 1.79 million shares, which was higher than their three months average volume of 1.10 million shares. The stock ended yesterday's trading session 0.91% lower at $66.38. The Company's shares have advanced 30.54% in the past month, 46.47% in the previous three months, and 47.91% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.05% and 49.73%, respectively. Furthermore, shares of Seattle Genetics, which develops and commercializes targeted therapies for the treatment of cancer worldwide, have an RSI of 54.11.
On November 10th, 2016, Seattle Genetics announced that the U.S. FDA has granted Breakthrough Therapy Designation to ADCETRIS (brentuximab vedotin) for the treatment of patients with CD30-expressing mycosis fungoides and primary cutaneous anaplastic large cell lymphoma (pcALCL) who require systemic therapy and have received one prior systemic therapy. ADCETRIS has been evaluated in CD30-expressing cutaneous T-cell lymphoma in investigator- and corporate-sponsored clinical trials. Sign up for your complimentary research report on SGEN at:
Barcelona, Spain headquartered Grifols S.A.'s stock finished Tuesday's session 0.64% higher at $15.74 with a total trading volume of 736,384 shares. The Company's shares have advanced 8.55% in the last one month. The stock is trading above its 50-day moving average by 1.92%. Additionally, shares of Grifols, which develops, manufactures, and distributes a range of plasma derivative products primarily in the European Union, Spain, the US, Canada, and internationally, have an RSI of 56.91.
On October 20th, 2016, Grifols announced that it has expanded the menu of tests offered at the Grifols Immunohematology Center laboratory to include basic and advanced serological and molecular testing. The Grifols Immunohematology Center, offers extensive testing capabilities, expert consulting, and classroom and laboratory-based educational programs for transfusion medicine professionals. Register for free on Stock-Callers.com and download the latest research report on GRFS at:
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