Today's Research Report Coverage on Biotech Stocks -- ACADIA Pharma, Aduro BioTech, Agios Pharma, and AveXis

Thursday, July 20, 2017 Drug News
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NEW YORK, July 20, 2017 /PRNewswire/ --

If you want a Stock Review on ACAD, ADRO, AGIO, or AVXS then come over to and sign up for your free customized report today. Today's attention is redirected to the Biotechnology sector, which comprises companies that harness biological processes to create technologies and products
for a wide variety of challenges, from expanding crop sizes to treating disease. Pharmaceutical-focused firms are also a major component of biotech funds. Ahead of today's trading session, takes a closer look at the performances of the following equities: ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), Aduro BioTech Inc. (NASDAQ: ADRO), Agios Pharmaceuticals Inc. (NASDAQ: AGIO), and AveXis Inc. (NASDAQ: AVXS). Learn more about these stocks by signing up for their free reports on at:

ACADIA Pharma 

On Wednesday, shares in San Diego, California headquartered ACADIA Pharmaceuticals Inc. recorded a trading volume of 1.50 million shares. The stock ended the session 0.14% higher at $29.00. The Company's shares have gained 3.61% in the last one month and 0.55% on an YTD basis. The stock is trading 3.95% above its 50-day moving average. Moreover, shares of ACADIA Pharma, which focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders, have a Relative Strength Index (RSI) of 54.51. The free research report on ACAD is available at:

Aduro BioTech 

Shares in Berkeley, California headquartered duro BioTech Inc. recorded a trading volume of 334,011 shares. The stock ended yesterday's trading session 1.13% higher at $13.45. The Company's shares have advanced 28.10% in the past month, 44.62% in the previous three months, and 17.98% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 23.89% and 19.80%, respectively. Furthermore, shares of Aduro BioTech, which focuses on the discovery, development, and commercialization, that transform the treatment of challenging diseases, have an RSI of 77.16.

On July 13th, 2017, Aduro BioTech announced that it has earned a $2.0-million milestone payment under its worldwide licensing agreement with Merck (known as MSD outside the United States and Canada) for work supporting the preparation of an Investigational New Drug Application for its anti-CD27 antibody. The Company is looking forward to working closely with Merck in its effort to advance this promising and novel approach in the field of immunotherapy into clinical development. The complimentary report on ADRO can be downloaded at:

Agios Pharma 

Cambridge, Massachusetts headquartered Agios Pharmaceuticals Inc.'s stock closed the day 0.64% higher at $56.39 with a total trading volume of 274,212 shares. The Company's shares have advanced 8.95% in the past month, 15.70% in the previous three months, and 35.13% since the start of this year. The stock is trading 8.38% and 10.98% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Agios Pharma, which engages in the discovery and development of medicines for the treatment of cancer and rare genetic metabolic disorders in the US, have an RSI of 58.13.

On June 24th, 2017, Agios Pharma presented updated data from its wholly owned pyruvate kinase-R activator, demonstrating the potential for the first disease-modifying treatment for patients with pyruvate kinase (PK) deficiency at the 22nd Congress of the European Hematology Association. DRIVE PK is an ongoing global open-label, Phase 2, safety and efficacy trial evaluating AG-348 in adult, transfusion-independent patients with PK deficiency. With data now available from all 52 patients, AG-348 continues to demonstrate clinically relevant and sustained increases in hemoglobin.

On June 26th, 2017, research firm Janney downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and download our complete research report on AGIO for free at:


Bannockburn, Illinois headquartered AveXis Inc.'s stock finished Wednesday's session 0.69% higher at $83.13 with a total trading volume of 439,017 shares. The Company's shares have advanced 15.41% in the last one month, 8.06% over the previous three months, and 74.17% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.79% and 29.34%, respectively. Additionally, shares of AveXis, which engages in developing and commercializing treatments for patients suffering from rare and life-threatening neurological genetic diseases, have an RSI of 63.69.

On June 26th, 2017, AveXis announced the closing of its previously announced underwritten public offering of 4,111,250 shares of its common stock at a price to the public of $70.00 per share before underwriting discounts and commissions, including 536,250 shares sold pursuant to the underwriters' full exercise of their option to purchase additional shares. The net proceeds from the offering, after deducting the underwriting discounts and commissions and other offering expenses payable by the Company, are estimated to be approximately $269.8 million. Get free access to your technical report on AVXS at:


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