Technical Reports on Biotech Stocks -- Amgen, Array BioPharma, Merrimack Pharma, and Alexion Pharma

Monday, February 6, 2017 Drug News
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NEW YORK, February 6, 2017 /PRNewswire/ -- today revisits the Biotechnology space to take a closer

look at the performances of select equities: Amgen Inc. (NASDAQ: AMGN), Array BioPharma Inc. (NASDAQ: ARRY), Merrimack Pharmaceuticals Inc. (NASDAQ: MACK), and Alexion Pharmaceuticals Inc. (NASDAQ: ALXN). These companies are part of the Healthcare sector,
which was moderately higher shortly before the closing bell on Friday, February 03rd, 2017, with the NYSE Health Care Index turning in a 0.4% advance, while shares of health care companies in the S&P 500 were up 0.5% as a group. Download the free research reports on these stocks today:


Thousand Oaks, California headquartered Amgen Inc.'s stock finished last Friday's session 4.98% higher at $167.53. A total volume of 7.36 million shares was traded, which was above their three months average volume of 3.88 million shares. The Company's shares have advanced 9.59% in the past month, 21.60% in the previous three months, and 14.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.65% and 6.81%, respectively. Additionally, shares of Amgen, which discovers, develops, manufactures, and delivers human therapeutics worldwide, have a Relative Strength Index (RSI) of 72.53.

On February 01st, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On February 03rd, 2017, Amgen announced the appointment of Charles M. Holley Jr. to its Board of Directors. Mr. Holley, 60, is the former Executive Vice President and Chief Financial Officer for Wal-Mart Stores, Inc., where he served from 2010 to 2015 and as Executive Vice President between January 01st, 2016, and January 31st, 2016. See our free and comprehensive research report on AMGN at:

Array BioPharma

On Friday, shares in Boulder, Colorado headquartered Array BioPharma Inc. ended the session 1.01% lower at $10.76. The stock recorded a trading volume of 3.95 million shares. The Company's shares have gained 17.34% in the last one month, 84.25% in the previous three months, and 22.41% on an YTD basis. The stock is trading 15.46% above its 50-day moving average and 94.16% above its 200-day moving average. Moreover, shares of Array BioPharma, which focuses on the discovery, development, and commercialization of small molecule drugs to treat patients with cancer in North America, Europe, and the Asia/Pacific, have an RSI of 58.04.

On February 02nd, 2017, Array BioPharma announced that it will report financial results for Q2 FY17 on February 09th, 2017. The Company will hold a conference call to discuss those results on February 09th, 2017 at 9:00 am ET.

On February 03rd, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $8 a share to $13 a share. ARRY free research report PDF is just a click away at:

Merrimack Pharma

Cambridge, Massachusetts headquartered Merrimack Pharmaceuticals Inc.'s shares rose 2.95%, closing the session at $3.14 with a total trading volume of 1.38 million shares. The stock is trading 28.26% below its 50-day moving average. Shares of the Company, which engages in discovering, developing and commercializing medicines consisting of novel therapeutics paired with diagnostics for the treatment of cancer primarily in the US, have an RSI of 35.45.

On January 18th, 2017, Merrimack Pharmaceuticals announced that Richard Peters, M.D., Ph.D., has been appointed as the Company's President and CEO, effective February 06th, 2017. Dr. Peters will join Merrimack from his current role at Sanofi Genzyme, where he serves as Senior Vice President and Head of Global Rare Diseases. He replaces Gary Crocker, Chairman, Interim President, and CEO, who guided the Company during the recent restructuring process and search for a permanent CEO. Mr. Crocker will remain Chairman of the Board. Sign up for your complimentary report on MACK at:

Alexion Pharma

Last Friday at the close, shares in New Haven, Connecticut headquartered Alexion Pharmaceuticals Inc. recorded a trading volume of 3.03 million shares. The stock ended the session 1.09% lower at $126.98. The Company's shares have advanced 3.78% since the start of this year. The stock is trading above its 50-day moving average by 0.31%. Furthermore, shares of Alexion Pharma, which develops and commercializes life-transforming therapeutic products, have an RSI of 43.99.

On January 09th, 2017, Alexion Pharma announced that it has submitted marketing applications to the US Food and Drug Administration and the European Medicines Agency (EMA) to extend the indication for Soliris® (eculizumab) as a treatment for patients with refractory generalized myasthenia gravis who are anti-acetylcholine receptor antibody-positive. The Company stated that The European submission has been validated by the EMA, marking the beginning of the review process in Europe for this potential new indication for Soliris. Register for free on and download the latest research report on ALXN at:


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