NEW YORK, October 5, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com reviews the following Biotech equities: Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), PTC Therapeutics Inc. (NASDAQ: PTCT), Aratana Therapeutics Inc. (NASDAQ: PETX), and Vanda Pharmaceuticals Inc. (NASDAQ: VNDA). According to a new report by Grand View Research, the global white biotechnology market is expected to grow at a CAGR of 10.2% from 2016 to 2024, while the biofuels segment is forecasted to grow at a CAGR of more than 9% over the same period. Download the free research reports on these stocks today:
Tustin, California headquartered Peregrine Pharmaceuticals Inc.'s stock finished Tuesday's session 2.00% lower at $0.43. A total volume of 1.36 million shares was traded, which was above their three months average volume of 1.06 million shares. The Company's shares have advanced 12.18% in the past month and 12.18% in the previous three months. The stock is trading 11.57% above its 50-day moving average. Additionally, shares of Peregrine Pharmaceuticals, which researches and develops monoclonal antibodies for the treatment of cancer in the US, have a Relative Strength Index (RSI) of 61.46.
On September 27th, 2016, Peregrine Pharmaceuticals announced the presentation of preclinical study data demonstrating that phosphatidylserine (PS)-targeting antibodies similar to bavituximab are able to enhance the anti-tumor activity of multiple checkpoint targeting agents including anti-PD-1 and anti-LAG3 therapies in a model of triple negative breast cancer (TNBC). Data showed that eight of the ten (80%) animals receiving the preclinical bavituximab equivalent (ch1N11) combined with anti-PD-1 and anti-LAG3 therapies ("Triple Combination") experienced complete tumor regressions, whereas there were no animals (0/10) in the anti-PD-1 and anti-LAG3 combination treatment arm that had a complete regression. See our free and comprehensive research report on PPHM at:
On Tuesday, shares in South Plainfield, New Jersey headquartered PTC Therapeutics Inc. recorded a trading volume of 1.14 million shares. The stock ended the session 0.22% lower at $13.33. The Company's shares have surged 68.52% in the last one month and 87.48% over the previous three months. The stock is trading 56.53% above its 50-day moving average and 11.62% above its 200-day moving average. Moreover, shares of PTC Therapeutics, which focuses on the discovery, development, and commercialization of orally administered, small molecule drugs that target post-transcriptional control processes, have an RSI of 73.83.
On October 4th, 2016, PTC Therapeutics announced that the Proceedings of the National Academy of Sciences (PNAS) has published new results further validating Translarna's™ (ataluren) mechanism of action to promote readthrough of premature stop codons resulting from nonsense mutations in genetic disorders. The results reported in PNAS establish ataluren's ability to alter the protein production process at premature stop codons and to promote the insertion of specific amino acids and restore the production of a full-length functional protein. PTCT free research report PDF is just a click away at:
Shares in Leawood, Kansas headquartered Aratana Therapeutics Inc. closed the day 0.87% lower at $10.30. The stock recorded a trading volume of 1.08 million shares, which was higher than its three months average volume of 757,120 shares. The Company's shares have gained 16.91% in the last month, 56.53% in the previous three months, and 84.59% on an YTD basis. The stock is trading 16.70% above its 50-day moving average and 65.73% above its 200-day moving average. Additionally, shares of Aratana Therapeutics, which focuses on the licensing, development, and commercialization of biopharmaceutical products for the companion animals worldwide, have an RSI of 64.42.
As per notes filed with the SEC on September 01st, 2016, Julia Stephanus provided Aratana Therapeutics on July 30th, 2016, with a notice to cure and contingent resignation of her employment agreement. On August 30th, 2016, Ms. Stephanus and the Company entered into a consulting and separation agreement, which provides for her continued employment as Chief Commercial Officer of the Company until September 30th, 2016 following which she agreed to serve as a commercial consultant to the Company.
On September 6th, 2016, research firm Lake Street resumed its 'Buy' rating on the Company's stock, issuing a target price of $15 per share. Sign up for your complimentary report on PETX at:
At the close, shares in Washington, the District of Columbia headquartered Vanda Pharmaceuticals Inc. ended the day at $16.23, which was a slight decline of 0.79%. The stock recorded a trading volume of 459,400 shares. The Company's shares have advanced 4.37% in the last one month, 39.31% in the previous three months, and 74.33% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 14.69% and 55.06%, respectively. Furthermore, shares of Vanda Pharmaceuticals, which focuses on the development and commercialization of products for the treatment of central nervous system disorders, have an RSI of 56.80. Register for free on Stock-Callers.com and download the latest research report on VNDA at:
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