What's Happening With These Generic Drugs Stocks? -- Medicines, Mylan, Neurocrine Biosciences, and Rigel Pharma

Tuesday, January 23, 2018 Drug News
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NEW YORK, Jan. 23, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment

community.  Today we are offering reports on MDCO, MYL, NBIX, and RIGL which can be accessed for free by signing up to www.wallstequities.com/registration. Research coverage has been initiated by WallStEquities.com on The Medicines Co. (NASDAQ: MDCO),
Mylan N.V. (NASDAQ: MYL), Neurocrine Biosciences Inc. (NASDAQ: NBIX), and Rigel Pharmaceuticals Inc. (NASDAQ: RIGL). Companies in the Generic Pharmaceuticals sector make drugs that are offered cheaper than name-brand pharmaceuticals once patents for the more expensive drugs lapse. All you have to do is sign up today for this free limited time offer by clicking the link below.

www.wallstequities.com/registration

The Medicines Co.

On Monday, shares in New Jersey-based The Medicines Co. jumped 16.03%, ending the day at $28.81. The stock recorded a trading volume of 4.00 million shares, which was above its three months average volume of 1.23 million shares. The Company's shares have advanced 9.88% in the last month. The stock is trading above its 50-day moving average by 2.02%. Moreover, shares of Medicines have a Relative Strength Index (RSI) of 57.08.  

On January 08th, 2018, The Medicines Co. announced the closing of the sale of its infectious disease business unit to Melinta Therapeutics, Inc. (MLNT) for consideration consisting of $215 million of guaranteed cash, approximately 3.3 million shares of MLNT common stock; tiered royalty payments of 5% to 25% on worldwide net sales of Vabomere™, Orbactiv®, and Minocin® IV; and the assumption by MLNT of all royalty, milestone, and other payment obligations relating to those products. Get the full research report on MDCO for free by clicking below at: www.wallstequities.com/registration/?symbol=MDCO

Mylan

Shares in UK-based Mylan N.V. ended the day 1.95% higher at $47.64 with a total trading volume of 4.72 million shares. In the last month and the previous three months, the stock has gained 15.52% and 24.42%, respectively. Additionally, the Company's shares have advanced 28.51% over the past year. The stock is trading above its 50-day and 200-day moving averages by 17.71% and 27.46%, respectively. Furthermore, shares of Mylan have an RSI of 82.56. 

On January 04th, 2018, research firm Citigroup reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $48 a share to $58 a share.

On January 08th, 2018, Mylan announced that it is completing its previously-approved $1 billion share repurchase plan. The Company's Chairman Robert J. Coury commented: "This return of capital to our shareholders comes at a time of positive momentum for Mylan, with the recent launches and approvals of several key products, our strong future growth expectations, and our belief that the diversified and unique platform we have built is substantially undervalued." Today's complimentary research report on MYL is accessible at: www.wallstequities.com/registration/?symbol=MYL

Neurocrine Biosciences

On Monday, shares in California headquartered Neurocrine Biosciences Inc. finished 5.59% higher at $85.19. A total volume of 1.15 million shares was traded, which was above their three months average volume of 1.01 million shares. The stock has surged 23.68% in the last month, 44.49% over the previous three months, and 106.42% over the past year. The Company's shares are trading above their 50-day moving average by 14.97%. Additionally, Neurocrine Biosciences' stock has an RSI of 64.92. 

On January 07th, 2018, Neurocrine Biosciences announced that Christopher O'Brien, M.D., Chief Medical Officer, has notified the Company of his plans to retire in February 2018, after a transition period with his successor, Eiry W. Roberts, M.D. Dr. O'Brien joined the Company in 2005, and has led its clinical development and medical affairs activities for more than 12 years. He will remain as an exclusive consultant for the Company. Register now for your free research document on NBIX at: www.wallstequities.com/registration/?symbol=NBIX

Rigel Pharmaceuticals

California-based Rigel Pharmaceuticals Inc.'s shares recorded a trading volume of 2.15 million shares at the end of yesterday's session, which was above their three months average volume of 1.35 million shares. The stock closed the day 7.33% higher at $4.54. The Company's shares have advanced 35.52% in the past month and 106.36% over the past year. The stock is trading above its 50-day and 200-day moving averages by 17.39% and 48.43%, respectively. Additionally, shares of Rigel Pharma have an RSI of 69.67.  

On January 05th, 2018, Rigel Pharma announced that on December 23rd, 2017 and January 02nd, 2018, the Compensation Committee of its Board of Directors approved the grants of inducement stock options to purchase an aggregate of 200,000 shares of common stock to 12 new employees. These awards were granted pursuant to the Rigel Pharmaceuticals, Inc. Inducement Plan, as amended, as an inducement material to the new employees entering into employment with the Company, in accordance with NASDAQ Listing Rule 5635(c)(4). Click on the link below and see our free report on RIGL at: www.wallstequities.com/registration/?symbol=RIGL

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