Research Reports Initiation on Biotech Stocks -- ImmunoGen, Puma Biotech, Arrowhead Pharma, and Intra-Cellular Therapies

Monday, November 28, 2016 Research News
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NEW YORK, November 28, 2016 /PRNewswire/ --

Ahead of today's trading session, draws investors'

attention back to these Biotech companies: ImmunoGen Inc. (NASDAQ: IMGN), Puma Biotechnology Inc. (NYSE: PBYI), Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR), and Intra-Cellular Therapies Inc. (NASDAQ: ITCI). On Friday, November
th, 2016, the iShares NASDAQ Biotechnology Index rose 0.25% to $284.46, with about 586,816 shares trading hands. Additionally, the ETF's year-to-date performance is down by 24.02%. Learn more about these stocks by downloading their free report at:


Last Friday, shares in Waltham, Massachusetts headquartered ImmunoGen Inc. ended the session 3.96% lower at $1.94, with a total trading volume of 678,444 shares. The stock is trading 16.08% below its 50-day moving average. Shares of the Company, which develops targeted anticancer therapeutics, have a Relative Strength Index (RSI) of 39.54.

On November 11th, 2016, ImmunoGen announced new preclinical data that demonstrate the potential for enhanced activity when combining mirvetuximab soravtansine with immune checkpoint inhibition. Mirvetuximab soravtansine is a first-in-class folate receptor alpha (FR?)-targeting ADC and is entering a Phase 3 trial, FORWARD I, as a single agent treatment for platinum-resistant ovarian cancer. Mirvetuximab is also being assessed in combination regimens with Keytruda®, an immune checkpoint inhibitor, as well as Doxil®, carboplatin and Avastin® for both platinum-resistant and platinum-sensitive ovarian cancer in the Phase 1b/2 FORWARD II trial. The Company expects initial data from FORWARD II in mid-2017. The free research report on IMGN is available at:

Puma Biotech  

Los Angeles, California headquartered Puma Biotechnology Inc.'s stock gained 1.73%, to close the day at $47.10. A total volume of 232,323 shares was traded. The Company's shares have gained 12.14% in the past month and are trading 11.10% above their 200-day moving average. Additionally, shares of Puma Biotechnology, which focuses on the development and commercialization of products for the treatment of various forms of cancer, have an RSI of 51.66.

On November 15th, 2016, Puma Biotechnology announced that its lead drug candidate PB272 (neratinib) will be featured in 11 poster presentations at the 2016 San Antonio Breast Cancer Symposium, December 6th-10th, 2016, in San Antonio, Texas. The complimentary report on PBYI can be downloaded at:

Arrowhead Pharma  

Shares in Pasadena, California headquartered Arrowhead Pharmaceuticals Inc. recorded a trading volume of 571,281 shares at the close of the last trading session. The stock ended the day 4.01% higher at $4.67. Shares of the Company, which develops novel drugs to treat intractable diseases in the US, are trading below their 200-day moving average by 18.68%. Furthermore, Arrowhead Pharmaceuticals' stock has an RSI of 39.55.

On November 10th, 2016, research firm Chardan Capital Markets reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $10 a share to $8 a share.

On November 14th, 2016, Arrowhead Pharmaceuticals delivered oral presentations on ARC-LPA, its preclinical development program targeting lipoprotein (a), for the treatment of cardiovascular disease, and ARC-F12, its preclinical development program targeting factor XII (F12) for the prophylactic treatment of thromboembolism and hereditary angioedema. These data show advancements being made in the ARC-LPA and ARC-F12 programs and in the development of Arrowhead's proprietary DPCsq[TM] delivery vehicle designed for subcutaneous administration of RNAi therapeutics. Visit us today and download our complete research report on ARWR for free at:

Intra-Cellular Therapies  

New York headquartered Intra-Cellular Therapies Inc.'s shares finished Friday's session 0.59% higher at $13.66, with a total trading volume of 299,513 shares. The stock has advanced 6.22% in the last one month. The Company's shares are trading below their 50-day moving average by 29.25%. Furthermore, shares of Intra-Cellular Therapies, which discovers and develops small molecule drugs for the treatment of neuropsychiatric and neurologic disorders within the central nervous system, have an RSI of 31.46.

On November 09th, 2016, Intra-Cellular Therapies reported a net loss of $30.3 million, or $0.70 per share (basic and diluted), for Q3 2016 compared to a net loss of $32.2 million, or $0.91 per share (basic and diluted), for Q3 2015. The company's Research and development expenses were $23.9 million for Q3 2016 compared to $28.5 million for Q3 2015. The decrease is primarily due to lower costs associated with the Company's second Phase 3 clinical trial for ITI-007 in patients with schizophrenia, which was completed during Q3 2016. The company's cash and investments totaled $537.8 million at September 30, 2016. This amount included short-term borrowing of $125 million that was repaid in October 2016. The resulting net cash available for operations at September 30th, 2016, was $412.8 million compared to $475.2 million at December 31st, 2015. Get free access to your technical report on ITCI at:


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