Technical Snapshots for These Biotech Stocks -- ImmunoGen, Incyte, Infinity Pharma, and Jazz Pharma

Friday, August 11, 2017 Drug News
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NEW YORK, August 11, 2017 /PRNewswire/ --

If you want a Stock Review on IMGN, INCY, INFI, or JAZZ then come over

to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com is currently focused on the global Biotech market, which is mainly driven by the surge in the demand for food, depleting natural resources,
government regulatory support, and technological advancements of various solutions to counter fatal diseases. Equities in this morning's lineup are: ImmunoGen Inc. (NASDAQ: IMGN), Incyte Corp. (NASDAQ: INCY), Infinity Pharmaceuticals Inc. (NASDAQ: INFI), and Jazz Pharmaceuticals PLC (NASDAQ: JAZZ). Access DailyStockTracker.com's complimentary reports for today's stocks line-up at: http://dailystocktracker.com/register/

ImmunoGen 

Shares in Waltham, Massachusetts headquartered ImmunoGen Inc. dropped 5.57%, ending Thursday's trading session at $5.42. The stock recorded a trading volume of 3.21 million shares, which was higher than its three months average volume of 3.07 million shares. The Company's shares have surged 36.52% over the last three months and 165.69% on an YTD basis. The stock is trading 48.31% above its 200-day moving average. Moreover, shares of ImmunoGen, which develops targeted anticancer therapeutics, have a Relative Strength Index (RSI) of 43.92.

On July 28th, 2017, ImmunoGen reported financial results for the quarter ended June 30th, 2017. Revenues for the quarter were $39.0 million, operating expenses were $44.2 million, and net loss was $8.9 million. As of June 30th, 2017, the Company had approximately $150.3 million in cash and cash equivalents, and had $100.0 million of convertible debt outstanding. Visit us today and access your complete report on IMGN for free at: http://dailystocktracker.com/registration/?symbol=IMGN

Incyte 

Wilmington, Delaware headquartered Incyte Corp.'s stock plummeted 6.12%, closing the day at $122.12 with a total trading volume of 1.38 million shares. The Company's shares have advanced 4.89% in the previous three months and 21.79% since the start of this year. The stock is trading 0.79% above its 200-day moving average. Additionally, shares of Incyte, which focuses on the discovery, development, and commercialization of proprietary therapeutics in oncology in the US and internationally, have an RSI of 40.65.

On July 25th, 2017, Incyte and Eli Lilly announced that a resubmission to the US Food and Drug Administration (FDA) for the New Drug Application for baricitinib, a once-daily oral medication for the treatment of moderate-to-severe rheumatoid arthritis, will be delayed beyond 2017. The companies will be further discussing the path forward with the agency and evaluating options for resubmission, including the potential for an additional clinical study, as requested by the FDA. The complimentary research report on INCY can be accessed at: http://dailystocktracker.com/registration/?symbol=INCY

Infinity Pharma 

On Thursday, shares in Cambridge, Massachusetts headquartered Infinity Pharmaceuticals Inc. recorded a trading volume of 343,277 shares. The stock ended the day 1.68% lower at $1.17. The Company's shares are trading below their 50-day moving average by 25.81%. Furthermore, shares of Infinity Pharma, which develops medicines for patients with difficult-to-treat diseases in the US, have an RSI of 32.88.

On July 27th, 2017, Infinity Pharma announced that it has amended its license agreement with Takeda Oncology for IPI-549, its potentially first-in-class immuno-oncology product candidate that selectively inhibits phosphoinositide-3-kinase gamma (PI3K-gamma). Under the amended agreement, the Company will no longer have an obligation to pay Takeda future royalties on worldwide net sales of selective inhibitors of PI3K-gamma, including IPI-549. Register for free on DailyStockTracker.com and download the research report on INFI at: http://dailystocktracker.com/registration/?symbol=INFI

Jazz Pharma 

Dublin, Ireland headquartered Jazz Pharmaceuticals PLC's stock rose 0.53%, finishing yesterday's session at $143.66. A total volume of 579,095 shares was traded, which was above their three months average volume of 469,610 shares. The Company's shares have advanced 31.76% on an YTD basis. The stock is trading above its 200-day moving average by 6.02%. Additionally, shares of Jazz Pharma, which identifies, develops, and commercializes pharmaceutical products for various medical needs in the US, Europe, and internationally, have an RSI of 32.26.

On August 03rd, 2017, Jazz Pharma announced that the US FDA has approved Vyxeos™ (daunorubicin and cytarabine) liposome for injection for the treatment of adults with two types of Acute Myeloid Leukemia, a rapidly progressing and life-threatening blood cancer. Vyxeos is indicated for the treatment of adults with newly-diagnosed t-AML or AML-MRC. Get free access to your research report on JAZZ at: http://dailystocktracker.com/registration/?symbol=JAZZ

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