NEW YORK, October 7, 2016 /PRNewswire/ --
Stock-Callers.com today has redirected its attention to the Biotech segment which encompasses a broad scope of life-science applications such as gene editing, drug delivery systems, and the development of vaccines and biologic-based medications through cellular or biomolecular processes. This morning, equities under evaluation are: Tesaro Inc. (NASDAQ: TSRO), CTI BioPharma Corp. (NASDAQ: CTIC), Sage Therapeutics Inc. (NASDAQ: SAGE), and Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX). Download the free research reports on these stocks today:
Waltham, Massachusetts headquartered Tesaro Inc.'s shares dropped 2.39%, closing Thursday's trading session at $99.89. The stock recorded a trading volume of 1.06 million shares, which was above its three months average volume of 1.04 million shares. Shares of the Company have advanced 13.28% in the last month, 12.62% over the previous three months, and 90.92% on an YTD basis. The stock is trading 4.62% above its 50-day moving average and 66.64% above its 200-day moving average. Additionally, shares of Tesaro, which identifies, acquires, develops, and commercializes cancer therapeutics and oncology supportive care products in the US and internationally, have a Relative Strength Index (RSI) of 50.07.
On September 29th, 2016, TESARO and Zai Lab (Shanghai) Co., Ltd., announced a collaboration to support the development and commercialization of niraparib for patients in China and the potential to advance two immuno-oncology programs outside of China. Within this collaboration, TESARO has granted to Zai Lab an exclusive license for the development of niraparib specifically for the China market, which includes an option for TESARO to participate in the commercialization of niraparib in greater China. See our free and comprehensive research report on TSRO at:
On Thursday, shares in Seattle, Washington headquartered CTI BioPharma Corp. recorded a trading volume of 159,493 shares. The stock fell 0.33%, ending the day at $0.40. The Company's shares have advanced 0.71% in the last month and 13.02% in the previous three months. The stock is trading above its 50-day moving average by 7.61%. Furthermore, shares of CTI BioPharma, which engages in the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the US and internationally, have an RSI of 59.19.
On October 03rd, 2016, CTI BioPharma announced that James A. Bianco, M.D, its President and Chief Executive Officer, has retired from the Company effective on October 2nd, 2016. At the request of the Board of Directors, Richard Love, a director of CTI BioPharma since 2007, has been appointed to serve as interim President and Chief Executive Officer. CTIC free research report PDF is just a click away at:
Cambridge, Massachusetts headquartered Sage Therapeutics Inc.'s stock finished the day 5.14% lower at $43.54, and with a total trading volume of 427,224 shares. The Company's shares have gained 5.32% in the last one month and 28.17% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.08% and 16.17%, respectively. Additionally, shares of Sage Therapeutics, which develops and commercializes novel medicines to treat central nervous system disorders, have an RSI of 50.51.
On September 27th, 2016, Sage Therapeutics announced positive results on secondary endpoints from its Phase 2 clinical trial of SAGE-547 for the treatment of severe postpartum depression (PPD). Secondary endpoints in the study, including the Edinburgh Perinatal Depression Scale (EPDS) and the Patient Health Questionnaire (PHQ-9) showed improvement through 30 days in the SAGE-547-treated group compared to the placebo group. The U.S. Food and Drug Administration granted Breakthrough Therapy Designation to SAGE-547 for the treatment of postpartum depression.
On October 04th, 2016, research firm Leerink Partners resumed its 'Outperform' rating on the Company's stock, issuing a target price of $68 per share. Sign up for your complimentary report on SAGE at:
Shares in The Woodlands, Texas headquartered Lexicon Pharmaceuticals Inc. ended yesterday's session 0.38% higher at $18.50. The stock recorded a trading volume of 534,334 shares. The Company's shares have advanced 24.16% in the last one month, 23.09% in the previous three months, and 38.99% on an YTD basis. The stock is trading 11.53% above its 50-day moving average and 37.07% above its 200-day moving average. Moreover, shares of Lexicon Pharmaceuticals, which focuses on the discovery and development of pharmaceutical products for the treatment of human diseases, have an RSI of 60.78.
On October 05th, 2016, Lexicon Pharmaceuticals announced that it has entered into an agreement to buy out its remaining obligations under its clinical development financing arrangement with Symphony Icon Holdings LLC upon regulatory approval in the US for the marketing and sale of telotristat ethyl. Under the buyout arrangement, Lexicon will make a single payment to Symphony Icon of $21.013 million upon US regulatory approval of telotristat ethyl. Register for free on Stock-Callers.com and download the latest research report on LXRX at:
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