Pre-Market Technical Scan on Biotech Equities -- Sorrento Therapeutics, Spark Therapeutics, Synthetic Biologics, and TG Therapeutics

Thursday, March 15, 2018 General News
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NEW YORK, March 15, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment

community.  Today we are offering reports on SRNE, ONCE, SYN, and TGTX which can be accessed for free by signing up to www.wallstequities.com/registration. This morning, WallStEquities.com scans Sorrento Therapeutics Inc. (NASDAQ: SRNE), Spark Therapeutics
Inc. (NASDAQ: ONCE), Synthetic Biologics Inc. (NYSE AMER: SYN), and TG Therapeutics Inc. (NASDAQ: TGTX). The nature of the operations of firms in the Biotech industry makes the equities in this space more suited to aggressive, risk-tolerant investors. Stock prices here can fluctuate dramatically, particularly in response to news developments concerning the success or failure of a particular drug. All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration

Sorrento Therapeutics

On Wednesday, shares in San Diego, California-based Sorrento Therapeutics Inc. recorded a trading volume of 1.88 million shares. The stock ended the session 0.65% higher at $7.70. The Company's shares have gained 8.45% in the last month, 220.83% over the previous three months, and 90.12% over the past year. The stock is trading 8.89% above its 50-day moving average and 128.56% above its 200-day moving average. Moreover, shares of Sorrento Therapeutics, which engages in the discovery and development of therapies focused on oncology and the treatment of chronic cancer pain worldwide, have a Relative Strength Index (RSI) of 51.56.  

On February 28th, 2018, Sorrento Therapeutics and its majority-owned subsidiary, Scilex Pharmaceuticals Inc., received approval from the US FDA for ZTlido™ (lidocaine topical system) 1.8%. ZTlido is indicated for the relief of pain associated with post-herpetic neuralgia (PHN), also referred to as post-shingles pain. Get the full research report on SRNE for free by clicking below at: www.wallstequities.com/registration/?symbol=SRNE

Spark Therapeutics

Philadelphia, Pennsylvania headquartered Spark Therapeutics Inc.'s stock closed the day 2.99% higher at $65.53 with a total trading volume of 577,902 shares. The Company's shares have advanced 21.17% in the past month, 37.32% in the previous three months, and 12.83% over the past year. The stock is trading 17.22% above its 50-day moving average. Additionally, shares of Spark Therapeutics, which focuses on the development of gene therapy products for patients suffering from debilitating genetic diseases, have an RSI of 64.62.  

On February 21st, 2018, research firm Stifel reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $73 a share to $64 a share.

On February 23rd, 2018, Spark Therapeutics announced that Arlene V. Drack, M.D., associate professor in ophthalmic genetics at the University of Iowa, will present a new, age-stratified analysis of Phase-3 voretigene neparvovec data at the American Association for Pediatric Ophthalmology and Strabismus Annual Meeting on "Year 3 Results and Age-Stratified Analyses for a Phase-3 Trial of Voretigene Neparvovec in RPE65 Mutation-associated Inherited Retinal Disease," on March 22nd, 2018, at 8:45 a.m. ET at the Washington Hilton Hotel in Washington, D.C. Free research on ONCE can be accessed at: www.wallstequities.com/registration/?symbol=ONCE

Synthetic Biologics

Shares in Rockville, Maryland headquartered Synthetic Biologics Inc. recorded a trading volume of 712,807 shares. The stock ended yesterday's trading session 1.91% lower at $0.37. The Company's shares are trading below their 50-day moving average by 18.46%. Furthermore, shares of Synthetic Biologics have an RSI of 44.07.  

On March 07th, 2018, Synthetic Biologics announced that it has received written communication from NYSE American LLC (the "Exchange"), the Company's current listing exchange, stating that it is not in compliance with certain continued listing standards as set forth in the NYSE American Company Guide. In order to maintain its listing, the Company intends to submit a plan of compliance by April 03rd, 2018 addressing how it intends to regain compliance with certain Exchange continued listing standards by September 02nd, 2019. Visit WallStEquities.com now and sign up for the free research on SYN at: www.wallstequities.com/registration/?symbol=SYN

TG Therapeutics

New York headquartered TG Therapeutics Inc.'s stock finished Wednesday's session 0.30% lower at $16.75 with a total trading volume of 1.10 million shares. The Company's shares have advanced 41.35% in the last month, 103.03% over the previous three months, and 27.38% over the past year. The stock is trading above its 50-day and 200-day moving averages by 39.17% and 55.65%, respectively. Additionally, shares of TG Therapeutics have an RSI of 78.62.  

On March 08th, 2018, TG Therapeutics announced its financial results for Q4 and year ended December 31st, 2017. For Q4 2017, R&D expenses were $26.0 million; G&A expenses were $5.1 million; and net loss was $30.9 million. For the full year, R&D expenses were $102.5 million, G&A expenses were $16.3 million, and net loss was $118.5 million.

On March 09th, 2018, research firm B. Riley FBR, Inc. reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $21.50 a share to $27 a share. The free technical report on TGTX is available at: www.wallstequities.com/registration/?symbol=TGTX

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