This Morning's Technical Outlook on Biotech Stocks -- Moleculin Biotech, Vanda Pharma, Iovance Biotherapeutics, and Bellicum Pharma

Friday, January 12, 2018 Drug News
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NEW YORK, Jan. 12, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. 

Today we are offering reports on MBRX, VNDA, IOVA, and BLCM which can be accessed for free by signing up to www.wallstequities.com/registration. Today's pre-market research on WallStEquities.com is dedicated to the Biotechnology space, which is a
highly volatile and unpredictable sector due to the scientifically intensive operations of companies that reside in it. Markets served include Medical, Agricultural, Environmental, and Industrial. Under evaluation this morning are the following stocks: Moleculin Biotech Inc. (NASDAQ: MBRX), Vanda Pharmaceuticals Inc. (NASDAQ: VNDA), Iovance Biotherapeutics Inc. (NASDAQ: IOVA), and Bellicum Pharmaceuticals Inc. (NASDAQ: BLCM). All you have to do is sign up today for this free limited time offer by clicking the link below.

www.wallstequities.com/registration

Moleculin Biotech

Houston, Texas headquartered Moleculin Biotech Inc.'s shares jumped 4.99%, closing Thursday's trading session at $1.89. The stock recorded a trading volume of 179,623 shares. The Company's shares have advanced 6.77% in the last month. The stock is trading 5.74% above its 50-day moving average and 8.91% above its 200-day moving average. Additionally, shares of Moleculin Biotech, which focuses on the development of anti-cancer drug candidates, have a Relative Strength Index (RSI) of 57.18. 

On December 20th, 2017, research firm ROTH Capital initiated a 'Buy' rating on the Company's stock, with a target price of $8 per share.

On December 21st, 2017, Moleculin Biotech announced that the Ethics Committee in Poland has approved the Company's Phase-I/II clinical trial of Annamycin for the treatment of relapsed or refractory acute myeloid leukemia. A site initiation visit for the first treatment site was completed that week, and treatment of patients in Poland is now subject only to confirmation by the Polish National Office that all necessary forms have been properly filed. The Company expects the first patient to be enrolled in Q1 2018. Get the full research report on MBRX for free by clicking below at:

www.wallstequities.com/registration/?symbol=MBRX

Vanda Pharmaceuticals

On Thursday, shares in Washington, the District of Columbia headquartered Vanda Pharmaceuticals Inc. recorded a trading volume of 474,062 shares. The stock rose 2.14%, ending the day at $14.35. The Company's shares have advanced 3.61% in the past month and 2.50% over the past year. The stock is trading slightly above its 50-day moving average by 0.68%. Furthermore, shares of Vanda Pharma, which focuses on the development and commercialization of products for the treatment of central nervous system disorders, have an RSI of 47.41. 

On January 07th, 2018, Vanda Pharmaceuticals announced its 2018 financial guidance. The Company expects to achieve net product sales from both HETLIOZ® and Fanapt® of between $180 million and $200 million; HETLIOZ® net product sales of between $108 million and $118 million; and Fanapt® net product sales of between $72 million and $82 million. Non-GAAP operating expenses for this year, excluding cost of goods sold, are expected to be between $163 million and $173 million; and year-end 2018 cash is expected to be between $115 and $125 million. VNDA's complimentary research coverage is a few simple steps away at:

www.wallstequities.com/registration/?symbol=VNDA

Iovance Biotherapeutics

San Carlos, California headquartered Iovance Biotherapeutics Inc.'s stock finished the day 3.49% higher at $8.90 with a total trading volume of 413,115 shares. The Company's shares have advanced 0.56% in the last month, 19.46% in the previous three months, and 23.61% over the past year. The stock is trading above its 50-day and 200-day moving averages by 7.13% and 27.79%, respectively. Additionally, shares of Iovance Biotherapeutics, which focuses on developing and commercializing cancer immunotherapy products to harness the power of a patient's immune system to eradicate cancer cells, have an RSI of 59.59. Register for your free research report on IOVA at:

www.wallstequities.com/registration/?symbol=IOVA

Bellicum Pharmaceuticals

Shares in Houston, Texas headquartered Bellicum Pharmaceuticals Inc. ended yesterday's session 0.34% higher at $8.90. The stock recorded a trading volume of 297,197 shares. The Company's shares are trading 5.25% below their 50-day moving average. Moreover, shares of Bellicum Pharma, which focuses on discovering and developing novel cellular immunotherapies for the treatment of hematological cancers, solid tumors, and orphan inherited blood disorders in the US and internationally, have an RSI of 45.92. Wall St. Equities' downloadable research report on BLCM available at:

www.wallstequities.com/registration/?symbol=BLCM

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