NEW YORK, January 23, 2017 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com draws investors' attention to four Biotech equities to see how they have fared at the close: Kite Pharma Inc. (NASDAQ: KITE), BioPharmX Corp. (NYSEMKT: BPMX), OvaScience Inc. (NASDAQ: OVAS), and Regeneron Pharmaceuticals Inc. (NASDAQ: REGN). According to a report on the NASDAQ, Biotechnology shares were relative laggards on Friday, January 20th, 2017, down on the day by about 0.5%. You can access our complimentary research reports on these stocks now at:
Santa Monica, California headquartered Kite Pharma Inc.'s stock finished last Friday's session 0.88% lower at $47.21. A total volume of 580,324 shares was traded. The Company's shares have advanced 2.81% in the previous three months and 5.29% on an YTD basis. The stock is trading below its 50-day moving average by 4.03%. Additionally, shares of Kite Pharma, which focuses on the development and commercialization of novel cancer immunotherapy products, have a Relative Strength Index (RSI) of 44.13.
On January 04th, 2017, research firm ROTH Capital initiated a 'Buy' rating on the Company's stock, with a target price of $68 per share.
On January 10th, 2017, Kite and Shanghai Fosun Pharmaceutical (Group) Co., Ltd, announced a joint venture, to develop, manufacture and commercialize axicabtagene ciloleucel in China with the option to include additional products, including two T cell receptor product candidates from Kite. Axicabtagene ciloleucel, Kite's lead product candidate, is an investigational chimeric antigen receptor T-cell therapy under development for the treatment of B-cell lymphomas and leukemia. Under terms of the agreement, Fosun Pharma will provide the RMB equivalent of $20 million in funding to support clinical development and manufacturing activities and Kite will provide certain technical transfer services to the joint venture. Visit us today and download your complete report on KITE for free at:
On Friday, shares in Menlo Park, California headquartered BioPharmX Corp. ended the session 0.63% higher at $0.43. The stock recorded a trading volume of 276,659 shares. The Company's shares have gained 7.92% in the last one month, 31.62% in the previous three months, and 15.43% since the start of this year. The stock is trading 20.45% above its 50-day moving average. Moreover, shares of BioPharmX, which focuses on the development of novel drug delivery products for women's health and dermatology markets, have an RSI of 57.69.
On January 04th, 2017, BioPharmX announced the on-time completion of enrollment in the OPAL (tOPicAL Minocycline Gel) study - a Phase-2b dose finding clinical trial to assess the efficacy and safety of BPX-01 for the treatment of acne vulgaris. The 12-week, multi-center, randomized, double-blind, three-arm, vehicle-controlled OPAL study involves 225 individuals, aged 9 to 40, who have moderate-to-severe inflammatory, non-nodular acne vulgaris. The study's primary endpoint is absolute mean change from baseline in inflammatory lesion counts at week 12. Results of the study will be used to guide Phase-3 trial design. The complimentary research report on BPMX can be accessed at:
Waltham, Massachusetts headquartered OvaScience Inc.'s shares climbed 0.65%, closing the session at $1.56 with a total trading volume of 408,925 shares. The stock has gained 1.96% on an YTD basis. The Company's shares are trading 42.62% below their 50-day moving average. Additionally, shares of OvaScience, which discovers, develops, and commercializes new fertility treatment options for women worldwide, have an RSI of 31.58.
On December 23rd, 2017, OvaScienceSM announced the grant of inducement awards to purchase an aggregate of 356,000 shares of its common stock to 16 newly hired employees. In connection with the Company's previously announced corporate restructuring, OvaScienceSM expects that 278,000 of these options will be cancelled, leaving 78,000 options remaining. The options are exercisable at a price of $3.23 per share, the closing price per share of the Company's common stock on the date of grant, and will vest over four years. Register for free on Stock-Callers.com and download the PDF research report on OVAS at:
Last Friday at the close, Tarrytown, New York headquartered Regeneron Pharmaceuticals Inc.'s stock recorded a trading volume of 781,420 shares, and ended the session 0.23% lower at $362.56. The Company's shares are trading below their 50-day moving average by 5.26%. Shares of the Company, which discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions worldwide, have an RSI of 42.62.
On January 05th, 2017, Regeneron Pharma and Sanofi announced that they will appeal the injunction granted today by the US District Court for the District of Delaware preventing the marketing, selling or manufacturing of Praluent® in the US during the term of two Amgen's patents.
On January 06th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $626 a share to $598 a share. Get free access to your research report on REGN at:
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