NEW YORK, April 6, 2017 /PRNewswire/ --
Stock-Callers.com today draws investors' attention to Merrimack Pharmaceuticals Inc. (NASDAQ: MACK), Amicus Therapeutics Inc. (NASDAQ: FOLD), CEL-SCI Corp. (NYSE MKT: CVM), and Cempra Inc. (NASDAQ: CEMP). According to an article on Seeking Alpha, despite a solid first quarter, the Biotech industry spent most of March consolidating the ~10% rise it saw in February. The iShares Nasdaq Biotechnology index spent almost the entire month of March locked in a tight range of ~290 to ~300, and continues to trade just under long-term resistance levels, which have in place since very late in 2015. Learn more about these stocks by downloading their comprehensive and free reports at:
On Wednesday, shares in Cambridge, Massachusetts headquartered Merrimack Pharmaceuticals Inc. saw a drop of 3.40%, ending the day at $3.13. The stock recorded a trading volume of 2.76 million shares. The Company's shares have advanced 2.29% in the last one month. The stock is trading above its 50-day moving average by 0.19%. Moreover, shares of Merrimack Pharma, 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 a Relative Strength Index (RSI) of 50.59.
On April 03rd, 2017, Merrimack Pharma announced that it has commenced operating as a new, refocused research and clinical development company in connection with the completion of its previously announced transaction with Ipsen S.A. valued at up to $1.025 billion. Merrimack received $575 million in cash upon closing, and is eligible to receive up to $450 million in additional regulatory approval-based milestone payments. MACK complete research report is just a click away and free at:
Shares in Cranbury, New Jersey headquartered Amicus Therapeutics Inc. ended the day 3.60% lower at $6.97, with a total trading volume of 3.21 million shares. In the previous three months and since the start of this year, the stock has gained 23.80% and 40.24%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 5.90% and 5.22%, respectively. Furthermore, shares of Amicus Therapeutics, which engages in the discovery, development, and commercialization of medicines for various rare and orphan diseases, have an RSI of 48.35.
On April 03rd, 2017, Amicus Therapeutics announced that the Company has completed enrollment in its ongoing Phase-3 clinical study (ESSENCE) of the novel topical medicine SD-101 for patients with all three major types of epidermolysis bullosa: Simplex, Recessive Dystrophic, and Junctional non-Herlitz. With the achievement of full enrollment, top-line data from this study are expected in Q3 2017. The complimentary report on FOLD can be downloaded at:
At the close of trading on Wednesday, shares in Vienna, Virginia headquartered CEL-SCI Corp. finished 0.13% higher at $0.08, with a total trading volume of 1.55 million shares. The stock has advanced 0.13% over the previous three months and 14.43% on an YTD basis. The Company's shares are trading below their 50-day moving average by 22.98%. Additionally, shares of CEL-SCI, which engages in the research and development of drugs and vaccines, have an RSI of 37.80. Sign up for your complimentary research report on CVM at:
Chapel Hill, North Carolina headquartered Cempra Inc.'s shares recorded a trading volume of 1.26 million shares at the end of yesterday's session. The stock closed the day flat at $3.80. The Company's shares have advanced 8.57% in the past month, 16.92% in the last three months, and 35.71% on an YTD basis. The stock is trading above its 50-day moving average by 7.56%. Additionally, shares of Cempra, which focuses on developing anti-infectives for the acute care and community settings to meet critical medical needs in the treatment of infectious diseases in North America, have an RSI of 50.16.
On March 28th, 2017, Cempra announced that it has withdrawn its marketing authorization application (MAA) seeking European Medicines Agency (EMA) approval of oral capsule and intravenous formulations of solithromycin for the treatment of community-acquired pneumonia in adults. By withdrawing the MAA, Cempra will conserve considerable financial resources, and be able to align its strategy to provide additional data to both the EMA and US FDA to support potential approval.
On March 29th, 2017, research firm Gabelli & Co downgraded the Company's stock rating from 'Hold' to 'Sell'. Get free access to your research report on CEMP at:
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