NEW YORK, April 18, 2017 /PRNewswire/ --
For today, Stock-Callers.com covers the global Generic Drugs industry, whichhas grown strongly over the years, owing partly to the fact that the period for patent protection has gotten shorter with major blockbuster drugs losing their patent protection. Under assessment this morning are: Innocoll Holdings PLC (NASDAQ: INNL),
Athlone, Ireland headquartered Innocoll Holdings PLC's stock finished Monday's session 0.25% lower at $1.99 with a total trading volume of 379,422 shares. Over the last month and the previous three months, the Company's shares have advanced 5.99% and 226.18%, respectively. Additionally, the stock has surged 188.41% since the start of this year. The Company's shares are trading above their 50-day moving average by 85.94%. Moreover, shares of Innocoll Holdings, which manufactures and sells collagen-based pharmaceutical products and devices in Europe, Middle East, Asia, and the US, have a Relative Strength Index (RSI) of 65.73.
On March 29th, 2017, research firm JMP Securities resumed its 'Market Outperform' rating on the Company's stock.
On April 04th, 2017, Innocoll Holdings and Gurnet Point L.P. announced that they have reached an agreement on the terms of a recommended offer. Under the recommended offer, Gurnet Point will acquire Innocoll for $1.75 per share in cash, and up to $4.90 in cash from a contingent value right, for a total potential per share value of up to $6.65, or up to approximately $209 million in aggregate. Your complete research report on INNL can be retrieved for free at:
Shares in Coral Gables, Florida-based Catalyst Pharmaceuticals Inc. declined 2.84%, ending yesterday's session at $1.71 with a total trading volume of 242,861 shares. The stock has gained 13.25% in the past month, 37.90% in the previous three months, and 62.86% on an YTD basis. The Company's shares are trading 21.19% above their 50-day moving average and 51.31% above their 200-day moving average. Moreover, shares of Catalyst Pharma, which focuses on the development and commercialization of therapies for people with rare debilitating diseases, have an RSI of 53.89. A free report on CPRX is just a click away at: http://stock-callers.com/registration/?symbol=CPRX
On Monday, Norcross, Georgia-based Galectin Therapeutics Inc.'s stock saw a drop of 2.22%, to close the day at $3.09. A total volume of 602,211 shares was traded. The Company's shares have advanced 45.07% in the last one month, 171.05% in the previous three months, and 215.31% on an YTD basis. The stock is trading 60.14% above its 50-day moving average and 112.51% above its 200-day moving average. Additionally, shares of Galectin Therapeutics, which engages in the research and development of therapies for fibrotic disease and cancer, have an RSI of 69.86.
On March 28th, 2017, Galectin Therapeutics reported financial results for the year ended December 31st, 2016. For the full year 2016, net loss applicable to common stockholders was $22.4 million, R&D expense was $15.3 million, and general and administrative expense was $6.2 million. As of December 31st, 2016, the Company had $15.4 million of non-restricted cash and cash equivalents.
On March 30th, 2017, research firm H.C. Wainwright upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $3.50 per share. Sign up for your complimentary research report on GALT at:
Shares in Watertown, Massachusetts headquartered Tetraphase Pharmaceuticals Inc. ended the day 0.24% higher at $8.19. A total volume of 229,862 shares was traded. The stock has gained 4.07% in the last one month, 83.22% in the previous three months, and 103.23% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 21.87% and 74.76%, respectively. Furthermore, shares of Tetraphase Pharma, which develops various antibiotics for the treatment of serious and life-threatening multidrug-resistant infections, have an RSI of 55.62.
On March 30th, 2017, Tetraphase Pharma announced that its pipeline candidate TP-6076 was selected to receive $4 million in research funding from the Combating Antibiotic Resistant Bacteria Biopharmaceutical Accelerator, an international, public-private partnership. In preclinical research, TP-6076 has demonstrated potent activity against MDR bacteria, particularly those considered to be urgent or serious threats by the US Centers for Disease Control and Prevention and the World Health Organization. Register for free on Stock-Callers.com and download the latest research report on TTPH at:
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