Research Reports Initiation on Biotech Stocks -- Agenus, Athersys, Actinium Pharma, and AVEO Pharma

Friday, May 19, 2017 Drug News
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NEW YORK, May 19, 2017 /PRNewswire/ --

Pre-market, reviews these four stocks: Agenus Inc. (NASDAQ:

AGEN), Athersys Inc. (NASDAQ: ATHX), Actinium Pharmaceuticals Inc. (NYSE MKT: ATNM), and AVEO Pharmaceuticals Inc. (NASDAQ: AVEO). Biotechnology companies are engaged in the research and development of biological substances, primarily for the purpose
of drug discovery and diagnostic development. Learn more about these stocks by downloading their free report at:


On Thursday, shares in Lexington, Massachusetts headquartered Agenus Inc. recorded a trading volume of 605,692 shares. The stock ended the session 1.69% higher at $3.61. The Company's shares have gained 6.49% in the last one month. The stock is trading 3.04% below its 50-day moving average. Moreover, shares of Agenus, which focuses on the discovery and development of therapies that engage the body's immune system for patients suffering with cancer, have a Relative Strength Index (RSI) of 47.55.

On May 04th, 2017, Agenus provided a corporate update and reported financial results for Q1 ended March 31st, 2017. The Company reported revenue of $26.96 million for Q1 2017; R&D expense of $32.64 million; general and administrative expense of $7.77 million; and net loss of $17.1 million. In addition, cash, cash equivalents and short-term investments were $124 million as of March 31st, 2017. The free research report on AGEN is available at:


Cleveland, Ohio headquartered Athersys Inc.'s stock closed the day 1.37% lower at $1.44 with a total trading volume of 533,664 shares. The Company's shares have advanced 22.03% in the previous three months. The stock is trading 2.68% above its 50-day moving average. Additionally, shares of Athersys, which focuses on the research and development activities in the field of regenerative medicine, have an RSI of 51.21.

On May 09th, 2017, Athersys announced its financial results for the three months ended March 31st, 2017. Revenues were $1.5 million for Q1 2017; R&D expenses decreased to $5.6 million; and net loss was $5.6 million. Cash used in operating activities was $5.4 million during Q1 2017, and cash and cash equivalents balance was $31.9 million. The complimentary report on ATHX can be downloaded at:

Actinium Pharma  

Shares in New York-based Actinium Pharmaceuticals Inc. recorded a trading volume of 155,920 shares. The stock ended yesterday's trading session 0.76% higher at $1.32. The Company's shares have advanced 50.86% on an YTD basis. The stock is trading below its 200-day moving average by 0.30%. Furthermore, shares of Actinium Pharma, which develops targeted payload immunotherapeutics for the treatment of advanced cancers, have an RSI of 37.08.

On May 17th, 2017, Actinium Pharma announced that Dr. Richard Stone, Chief of Staff and Program Director, Acute Leukemia at the Dana-Farber Cancer Institute and Professor of Medicine at Harvard Medical School, has joined the Company's Scientific Advisory Board (SAB). SAB is comprised of independent physicians considered to be key opinion leaders in the field of hematology and bone marrow transplant that contribute to and advise Actinium on the development of Iomab-B, the Company's lead asset. Visit us today and download our complete research report on ATNM for free at:

AVEO Pharma  

Cambridge, Massachusetts-based AVEO Pharmaceuticals Inc.'s stock finished Thursday's session 9.68% higher at $0.68 with a total trading volume of 383,245 shares. The Company's shares have advanced 17.24% in the last one month and 25.93% since the start of this year. The stock is trading above its 50-day moving average by 2.62%. Additionally, shares of AVEO Pharma, which develops targeted therapies for cancer and related diseases, have an RSI of 59.13.

On May 16th, 2017, AVEO Oncology, also AVEO Pharmaceuticals, announced the appointment of Matthew Dallas as chief financial officer, effective June 01st, 2017. In this role, Mr. Dallas will be responsible for the Company's financial strategy and management as it takes steps toward the potential commercialization of tivozanib. Mr. Dallas will also serve on the executive leadership team, which governs corporate strategy at AVEO. Get free access to your technical report on AVEO at:


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