Biotech Stocks on Investors' Radar -- Vertex Pharma, Nektar Therapeutics, CTI BioPharma, and Sage Therapeutics

Tuesday, November 22, 2016 Drug News
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NEW YORK, November 22, 2016 /PRNewswire/ --

In today's pre-market research, recalls the most recent

performances of four Biotech companies, namely: Vertex Pharmaceuticals Inc. (NASDAQ: VRTX), Nektar Therapeutics (NASDAQ: NKTR), CTI BioPharma Corp. (NASDAQ: CTIC), and Sage Therapeutics Inc. (NASDAQ: SAGE). These equities belong to the Healthcare sector
which ended slightly higher on Monday, November 21st, 2016, with the NYSE Health Care Index climbing just over 0.1%, and shares of health care companies in the S&P 500 rising nearly 0.2% as a group. Learn more about these stocks by downloading their comprehensive and free reports at:

Vertex Pharma

Boston, Massachusetts headquartered Vertex Pharmaceuticals Inc.'s stock finished Monday's session 0.44% lower at $89.05 with a total trading volume of 1.28 million shares. The Company's shares have advanced 10.26% in the past month. The stock is trading 3.64% and 1.01% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Vertex Pharma, which engages in discovering, developing, manufacturing, and commercializing medicines for serious diseases, have a Relative Strength Index (RSI) of 54.41.

On October 24th, 2016, research firm H.C. Wainwright downgraded the Company's stock rating from 'Buy' to 'Neutral', issuing a target price of $85 per share.

On November 07th, 2016, Vertex Pharma announced the results of a Phase 3 study of ORKAMBI® (lumacaftor/ivacaftor) in children with cystic fibrosis (CF) ages 6 through 11 who have two copies of the F508del mutation. The study met its primary endpoint of absolute change in lung clearance index (LCI2.5) through 24 weeks of treatment, demonstrating a statistically significant improvement in LCI2.5 among patients treated with ORKAMBI compared to placebo. LCI is a sensitive measure of lung function in early CF disease and the European Medicines Agency (EMA) agreed to the primary endpoint for this study. VRTX complete research report is just a click away and free at:

Nektar Therapeutics

On Monday, shares in San Francisco, California headquartered Nektar Therapeutics recorded a trading volume of 1.24 million shares. The stock ended the session 3.16% lower at $13.50. The Company's shares have advanced 1.20% in the last one month. The stock is trading 9.86% below its 200-day moving average. Moreover, shares of Nektar Therapeutics, which develops drug candidates that utilize its PEGylation and polymer conjugate technology platforms in the US, have an RSI of 42.16.

On November 08th, 2016, research firm Aegis Capital initiated a 'Buy' rating on the Company's stock.

On November 09th, 2016, Nektar Therapeutics announced that new Phase 1 clinical data for Nektar's lead immuno-oncology agent, NKTR-214, were presented at the SITC 2016 Annual Meeting. NKTR-214 is an investigational immuno-stimulatory therapy designed to expand specific cancer-fighting T cells and Natural Killer cell abundance directly in the tumor micro-environment and increase expression of PD-1 on these immune cells. The complimentary report on NKTR can be downloaded at:

CTI BioPharma

Shares in Seattle, Washington headquartered CTI BioPharma Corp. closed the day 0.22% lower at $0.40 with a total trading volume of 417,233 shares. The stock has gained 13.05% in the previous three months. The Company's shares are trading 3.77% above their 50-day moving average. Additionally, shares of CTI BioPharma, which engages in the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the US and internationally, have an RSI of 54.94.

On November 21st, 2016, CTI BioPharma announced that data from the randomized Phase 3 PERSIST-2 clinical trial comparing the investigational agent pacritinib, an oral multikinase inhibitor, with physician-specified best available therapy, including ruxolitinib, for treatment of patients with myelofibrosis whose baseline platelet counts are less than 100,000 per microliter will be presented in a late-breaking oral presentation at the upcoming 58th American Society of Hematology Annual Meeting, being held December 3rd-6th, 2016 in San Diego, California. Sign up for your complimentary research report on CTIC at:

Sage Therapeutics

At the close, shares in Cambridge, Massachusetts headquartered Sage Therapeutics Inc. ended the day at $51.03, which was a decline of 1.22%. The stock recorded a trading volume of 482,417 shares. The Company's shares have advanced 18.51% in the last one month and 33.73% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 13.40% and 35.98%, respectively. Furthermore, shares of Sage Therapeutics, which develops and commercializes novel medicines to treat central nervous system disorders, have an RSI of 59.78.

On November 14h, 2016, research firm Stifel initiated a 'Buy' rating on the Company's stock, issuing a target price of $90 per share.

On November 16th, 2016, Sage Therapeutics announced that the European Medicines Agency has granted its PRIority MEdicines (PRIME) designation to SAGE-547 for the treatment of postpartum depression (PPD). The SAGE-547 application for the PRIME designation was based on the positive clinical results from the placebo-controlled 202A study of SAGE-547 in severe PPD. Get free access to your research report on SAGE at:

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