Technical Perspectives on Biotech Stocks -- Global Blood Therapeutics, GlycoMimetics, Halozyme Therapeutics, and Idera Pharma

Thursday, March 1, 2018 Drug News
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NEW YORK, Mar. 1, 2018 /PRNewswire/ -- strives to bring the best free research to the investment community. 

Today we are offering reports on GBT, GLYC, HALO, and IDRA which can be accessed for free by signing up to has initiated research coverage on Global Blood Therapeutics Inc. (NASDAQ: GBT), GlycoMimetics
Inc. (NASDAQ: GLYC), Halozyme Therapeutics Inc. (NASDAQ: HALO), and Idera Pharmaceuticals Inc. (NASDAQ: IDRA). Companies in the Biotech space use live organisms or their products, such as bacteria or enzymes, to manufacture their medicines. They also have more applications than pharmaceutical companies. All you have to do is sign up today for this free limited time offer by clicking the link below.

Global Blood Therapeutics

Shares in South San Francisco, California headquartered Global Blood Therapeutics Inc. dropped 4.56%, ending Wednesday's trading session at $58.65. The stock recorded a trading volume of 1.15 million shares. The Company's shares have surged 48.48% over the last three months and 110.59% over the past year. The stock is trading 11.42% and 59.67% above its 50-day and 200-day moving averages, respectively. Moreover, shares of the Company have a Relative Strength Index (RSI) of 50.40.  

On February 27th, 2018, Global Blood Therapeutics reported its results for Q4 and year ended December 31st, 2017. For Q4 2017, net loss was $41.3 million; R&D expenses were $31.3 million; and G&A expenses were $10.6 million. For the full year 2017, net loss was $117.0 million; total R&D stock compensation expense incurred was $5.9 million; and total G&A stock compensation expense incurred was $7.8 million.

On February 28th, 2018, research firm Cantor Fitzgerald reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $61 a share to $72 a share. Get the full research report on GBT for free by clicking below at:


Rockville, Maryland headquartered GlycoMimetics Inc.'s stock declined slightly by 0.65%, closing the day at $23.01 with a total trading volume of 448,298 shares. The Company's shares have advanced 0.88% in the past month, 62.27% in the previous three months, and 276.60% over the past year. The stock is trading 10.41% and 62.59% above its 50-day and 200-day moving averages, respectively. Additionally, shares of GlycoMimetics, which focuses on the discovery and development of glycomimetic drugs to address unmet medical needs resulting from diseases in the US, have an RSI of 51.80. 

On February 27th, 2018, GlycoMimetics announced that it will host a conference call and webcast on March 06th, 2018, at 8:30 a.m. ET to provide an update on the development plans for GMI-1271 in acute myeloid leukemia, as well as to report the Company's Q4 FY17 and FY17 financial results. A webcast replay of the conference call will be available under the "Investors" tab of the Company's website. Access the free research report on GLYC now by signing up at:

Halozyme Therapeutics

On Wednesday, shares in San Diego, California headquartered Halozyme Therapeutics Inc. recorded a trading volume of 1.17 million shares. The stock ended the day 1.21% lower at $19.66. The Company's shares have advanced 1.60% in the past month, 4.91% in the previous three months, and 53.35% over the past year. The stock is trading above its 50-day and 200-day moving averages by 2.49% and 22.27%, respectively. Furthermore, shares of Halozyme Therapeutics have an RSI of 55.87.  

On February 27th, 2018, Halozyme Therapeutics announced that it will be presenting at the Cowen & Company 38th Annual Healthcare Conference on March 13th, 2018, at 9:20 a.m. ET in Boston. Laurie Stelzer, Senior Vice President and CFO, will provide a Company overview. A webcast of the presentation can be accessed under the "Investors" section of the Company's website. Are you already registered with Wall St. Equities? Do so now for free, and get the report on HALO at:

Idera Pharmaceuticals

Cambridge, Massachusetts-based Idera Pharmaceuticals Inc.'s stock finished yesterday's session flat at $1.77 with a total trading volume of 1.71 million shares. The Company's shares are trading below their 200-day moving average by 10.00%. The stock has an RSI of 37.01.  

On February 19th, 2018, Idera Pharmaceuticals and BioCryst Pharmaceuticals, Inc. announced that they will be presenting at the 2018 Barclays Global Healthcare Conference on March 13th, 2018, at 9:00 a.m. E.T at the Lowes Miami Beach Hotel. As a reminder, on January 22nd, 2018, the duo jointly announced the signing of a definitive merger agreement to combine into a company focused on the development and commercialization of medicines to serve patients suffering from rare diseases. Aspiring Member, please take a moment to register below for your free research report on IDRA at:


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