Generic Drugs Stocks on Investors' Radar -- Mylan, Allergan, Horizon Pharma, and Evoke Pharma

Thursday, March 23, 2017 Drug News
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NEW YORK, March 23, 2017 /PRNewswire/ --

Pre-market today, has issued research reports on Mylan

N.V. (NASDAQ: MYL), Allergan PLC (NYSE: AGN), Horizon Pharma PLC (NASDAQ: HZNP), and Evoke Pharma Inc. (NASDAQ: EVOK). These Generic Drugs stocks are part of the Healthcare sector, which was slightly higher in late trade on Wednesday,
March 22
nd, 2017, with the NYSE Health Care Index adding about 0.1% in value, while shares of health care companies in the S&P 500 also were up nearly 0.1% as a group. Learn more about these stocks by downloading their comprehensive and free reports at:


On Wednesday, shares in UK-based Mylan N.V. rose 0.07%, ending the day at $41.70 with a volume of 4.36 million shares traded. The Company's shares have advanced 11.23% over the previous three months and 9.31% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.41% and 1.59%, respectively. Moreover, shares of Mylan, which together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, brand name, and over-the-counter products worldwide, have an RSI of 48.96.

On March 13th, 2017, Mylan announced the US launch of Exemestane Tablets, 25 mg, a generic version of the reference listed drug, Pfizer's Aromasin® Tablets. Mylan received final approval from the US Food and Drug Administration (FDA) for its Abbreviated New Drug Application for this product, which is indicated in the treatment of certain types of breast cancer in women after menopause.

On March 13th, 2017, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $47 a share to $53 a share. MYL complete research report is just a click away and free at:


Shares in Ireland headquartered Allergan PLC ended the day 0.24% lower at $233.99 with a total trading volume of 2.23 million shares. In the previous three months and since the start of this year, the stock has gained 21.87% and 11.74%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 0.52% and 2.63%, respectively. Furthermore, shares of Allergan, which develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide, have an RSI of 41.38.

On March 22nd, 2017, Allergan announced the availability of RESTASIS MULTIDOSE™, which is the same preservative-free RESTASIS® formulation, but now offered in a multidose bottle. RESTASIS MultiDose™ is the first and only FDA-approved preservative-free, prescription eye drop in the US to be available in a multidose bottle. The complimentary report on AGN can be downloaded at:

Horizon Pharma  

At the close of trading on Wednesday, shares in Ireland headquartered Horizon Pharma PLC finished 0.21% higher at $14.52. A total volume of 3.35 million shares was traded, which was above their three months average volume of 2.71 million shares. The stock is trading below its 50-day moving average by 11.22%. Additionally, shares of Horizon Pharma, which engages in identifying, developing, acquiring, and commercializing medicines for the treatment of orphan diseases, arthritis, pain, and inflammation and inflammatory diseases, have an RSI of 33.23.

On March 16th, 2017, Horizon Pharma announced the launch of UCD in Common, an initiative for people impacted by a urea cycle disorder, a rare genetic disease characterized by toxic levels of ammonia in the blood. UCD in Common offers supportive, educational and interactive resources, and was created in collaboration with people living with UCD, their families, caregivers and healthcare professionals.

On February 28th, 2017, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $25 a share to $22 a share. Sign up for your complimentary research report on HZNP at:

Evoke Pharma  

California headquartered Evoke Pharma Inc.'s shares recorded a trading volume of 424,032 shares at the end of yesterday's session. The stock closed the day 3.08% lower at $2.83. The Company's shares have surged 41.50% in the last three months and 40.10% on an YTD basis. The stock is trading below its 50-day moving average by 0.47%. Additionally, shares of Evoke Pharma, which focuses on the development of drugs for the treatment of gastroenterological disorders and diseases, have an RSI of 43.09.

On March 21st, 2017, Evoke Pharma announced that the Company's abstract detailing compelling Phase-3 trial data for Gimoti™ (metoclopramide nasal spray) for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women, was accepted for a poster presentation, which is titled Symptom Severity Influences Drug Efficacy in Women with Diabetic Gastroparesis: Results of a Phase-3 Study with Metoclopramide Nasal Spray, at Digestive Disease Week® 2017.

On March 16th, research firm Rodman & Renshaw reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $6 a share to $9 a share. Get free access to your research report on EVOK at:


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