Research Reports Initiation on Biotech Stocks -- Portola Pharma, Tesaro, Sangamo Therapeutics, and Cerus

Tuesday, January 31, 2017 Research News
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NEW YORK, January 31, 2017 /PRNewswire/ --

This morning, puts focus on select equities to see how

they have fared over the last few trading sessions: Portola Pharmaceuticals Inc. (NASDAQ: PTLA), Tesaro Inc. (NASDAQ: TSRO), Sangamo Therapeutics Inc. (NASDAQ: SGMO), and Cerus Corp. (NASDAQ: CERS). According to a research report by Grand View Research,
the global Biotechnology market size is expected to reach an estimated $604.40 billion by 2020. The increasing demand for biotech-based diagnostics and therapeutics solutions, such as recombinant technology, red biotechnology and DNA sequencing, is expected to drive market growth. Learn more about these stocks by downloading their free report at:

Portola Pharma  

At the close on Monday, shares in South San Francisco, California headquartered Portola Pharmaceuticals Inc. saw a slight drop of 0.12%, ending the day at $25.54. The stock recorded a trading volume of 719,023 shares. The Company's shares have advanced 11.38% in the last one month, 27.64% in the previous three months, and 13.81% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 19.38% and 12.13%, respectively. Moreover, shares of Portola Pharma, which develops and commercializes therapeutics for patients in the areas of thrombosis, other hematologic disorders, and inflammation, have a Relative Strength Index (RSI) of 62.51.

On December 23rd, 2016, Portola Pharmaceuticals announced that the US Food and Drug Administration (FDA) accepted Portola's New Drug Application (NDA) granting priority review for betrixaban, an oral, once-daily Factor Xa inhibitor anticoagulant, for extended-duration prophylaxis of venous thromboembolism (VTE) in acute medically ill patients with risk factors for VTE. A priority review shortens the FDA review timeline to 6 months from the standard review period of 10 months.

On January 03rd, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. The free research report on PTLA is available at:


Shares in Waltham, Massachusetts headquartered Tesaro Inc. ended the day 0.27% lower at $153.44. A total volume of 1.03 million shares was traded, which was above their three months average volume of 987,870 shares. The stock has gained 13.78% in the past month, 29.87% over the previous three months, and 14.10% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 10.98% and 61.49%, respectively. Furthermore, shares of Tesaro, which identifies, acquires, develops, and commercializes cancer therapeutics and oncology supportive care products in the US and internationally, have an RSI of 59.89.

On January 13th, 2017, research firm Morgan Stanley initiated an 'Overweight' rating on the Company's stock.

On January 17th, 2017, Tesaro announced the opening of an expanded access program (EAP) in the US for the investigational PARP inhibitor, niraparib. Through this program, niraparib is being made available for eligible women with recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer following a complete or partial response to platinum-based chemotherapy. An EAP for niraparib in Europe is planned to open in the first half of 2017, and will be initiated on a country-by-country basis. The complimentary report on TSRO can be downloaded at:

Sangamo Therapeutics  

On Monday, shares in Richmond, California headquartered Sangamo Therapeutics Inc. finished flat at $3.55 with a total trading volume of 349,187 shares. The stock has advanced 22.41% in the last one month and 16.39% on an YTD basis. The Company's shares are trading above their 50-day moving average by 2.48%. Additionally, shares of Sangamo Therapeutics, which focuses on the research, development, and commercialization of engineered DNA-binding proteins for therapeutic genome editing and gene regulation, have an RSI of 49.64.

On January 11th, 2017, Sangamo Therapeutics announced that the US FDA has granted orphan drug designation to SB-318, a genome editing product candidate for the treatment of Mucopolysaccharidosis Type I (MPS I), a rare lysosomal storage disorder. Orphan drug designations are granted to drugs and biologics intended to treat rare diseases. The designation provides incentives to advance development of rare disease drugs and for commercialization of those drugs that progress to approval. Visit us today and download our complete research report on SGMO for free at:


Concord, California headquartered Cerus Corp.'s shares recorded a trading volume of 682,662 shares at the end of yesterday's session. The stock closed the day 3.29% lower at $4.12. The Company's shares are trading below their 50-day moving average by 14.10%. Additionally, shares of Cerus, which focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety, have an RSI of 39.46.

On January 03rd, 2017, Cerus announced that the compensation committee of its board of directors granted fifteen new non-executive employees options to purchase an aggregate of 174,500 shares of the Company's common stock with a per share exercise price of $4.33. Get free access to your technical report on CERS at:


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