Healthcare Stocks on Investors' Radar -- Alkermes, Teleflex, Cascadian Therapeutics, and InspireMD

Friday, February 24, 2017 General News
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NEW YORK, February 24, 2017 /PRNewswire/ --

This morning, tracks the current performances of Alkermes

PLC (NASDAQ: ALKS), Teleflex Inc. (NYSE: TFX), Cascadian Therapeutics Inc. (NASDAQ: CASC), and InspireMD Inc. (NYSE MKT: NSPR). According to research firm Charles Schwab, the balance sheets of companies in the Healthcare sector are solid in general,
their stocks have offered attractive dividend yields, and the sector's overall cost structure appears to have improved. Additionally, demand appears to be on the rise for health care products and services. On the other hand, political rhetoric around the Affordable Care Act can be expected to fuel continued volatility. Learn more about these stocks by downloading their comprehensive and free reports at:


On Thursday, shares in Dublin, Ireland headquartered Alkermes PLC recorded a trading volume of 776,962 shares. The stock ended the session 1.35% lower at $52.57. The Company's shares are trading 5.40% above their 200-day moving average. Moreover, shares of Alkermes, which researches, develops, and commercializes pharmaceutical products that are designed to address unmet medical needs of patients in various therapeutic areas worldwide, have a Relative Strength Index (RSI) of 38.52.

On February 15th, 2017, Alkermes announced that total revenues for Q4 2016 were $213.5 million, up 31% compared to $163.1 million for Q4 2015. The Company's net loss on US (GAAP) basis was $21.1 million, or a basic and diluted GAAP loss per share of $0.14, compared to GAAP net loss of $69.4 million, or a basic and diluted GAAP loss per share of $0.46, for Q4 2015. ALKS complete research report is just a click away and free at:


Wayne, Pennsylvania headquartered Teleflex Inc.'s stock closed the day 0.05% lower at $183.92. A total volume of 557,481 shares was traded, which was above their three months average volume of 351,080 shares. The Company's shares have advanced 11.79% in the past month, 22.30% over the previous three months, and 14.13% on an YTD basis. The stock is trading 10.51% and 9.89% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Teleflex, which designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide, have an RSI of 81.95.

On February 23rd, 2017, Teleflex announced that Benson Smith will retire from his position as Chief Executive Officer, effective on December 31st, 2017. Mr. Smith, a Teleflex's Board member since 2005, will continue to serve as Teleflex's Chairman of the Board. He has been nominated by Teleflex's Board of Directors to serve for another three-year term if elected by Teleflex's stockholders at the 2017 annual meeting to be held in May, 2017. The complimentary report on TFX can be downloaded at:

Cascadian Therapeutics  

Shares in Seattle, Washington headquartered Cascadian Therapeutics Inc. recorded a trading volume of 251,498 shares, and ended yesterday's trading session 7.40% lower at $3.88. The stock has advanced 4.30% in the past month. The Company's shares are trading below their 50-day moving average by 14.05%. Furthermore, shares of Cascadian Therapeutics, which engages in the research and development of therapeutic products for the treatment of cancer, have an RSI of 37.60.

As per a SEC filing dated February 03rd, 2017, Cascadian Therapeutics entered into a letter agreement with each of BVF Partners L.P., Biotechnology Value Fund, L.P., Biotechnology Value Fund II, L.P., Biotechnology Value Trading Fund OS, L.P. and BVF Partners OS Ltd. (collectively, "BVF") on January 11th, 2016. Under the Letter Agreement, among other things, the Company had agreed to nominate up to two individuals designated by BVF to the Company's Board of Directors and BVF agreed to certain standstill restrictions. On February 02nd, 2017, the Company received a notice from BVF terminating the Letter Agreement. Pursuant to the terms of the Letter Agreement, such termination will be effective March 04th, 2017, which is 30 days after receipt of the Notice. Upon the termination effectiveness, neither the Company nor BVF will have any continuing obligations under the Letter Agreement. Sign up for your complimentary research report on CASC at:


Boston, Massachusetts headquartered InspireMD Inc.'s stock finished Thursday's session 7.00% higher at $2.14 with a total trading volume of 63,312 shares. The Company's shares are trading above their 200-day moving average by 65.11%. Shares of the company, which focuses on the development and commercialization of proprietary MicroNet stent platform technology for the treatment of complex coronary and vascular diseases, have an RSI of 43.45.

On February 17th, 2017, InspireMD reported that revenue for Q4 2016 was $322,000, compared to $516,000 during Q4 2015. The Company's net loss for Q4 2016 totaled $2,268,000, or $0.88 per basic and diluted share, compared to a net loss of $2,854,000, or $9.34 per basic and diluted share, in Q4 2015. Get free access to your research report on NSPR at:


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