NEW YORK, January 3, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com draws investors' attention back to the Major Drug Manufacturers industry with the following equities under assessment: Immune Pharmaceuticals Inc. (NASDAQ: IMNP), Sanofi (NYSE: SNY), Biostar Pharmaceuticals Inc. (NASDAQ: BSPM), and Heron Therapeutics Inc. (NASDAQ: HRTX). These companies belong to the Healthcare sector which was narrowly mixed on Friday, December 30th, 2016, with the NYSE Health Care Index climbing about 0.1%, and shares of health care companies in the S&P 500 declining nearly 0.2% as a group. Learn more about these stocks by downloading their comprehensive and free reports at:
New York headquartered Immune Pharmaceuticals Inc.'s shares finished Friday's session 0.27% lower at $0.18, with a total trading volume of 2.19 million shares. The stock has gained 9.11% in the last month. The Company's shares are trading below their 50-day moving average by 6.02%. Moreover, shares of Immune Pharma, which develops and commercializes novel targeted therapeutics in the immuno-inflammation and immuno-oncology areas, have a Relative Strength Index (RSI) of 46.44.
As per a SEC filing dated December 22nd, 2016, Immune Pharmaceuticals entered into Amendment No. 1 to the Securities Purchase Agreement (SPA Amendment) on December 16th, 2016, with CrystalClear Group, Inc., (Investor) effective as of December 14th, 2016. The SPA Amendment amends that certain Securities Purchase Agreement between the Company and the Investor, dated June 30th, 2016. On August 15th, 2016, Immune Pharmaceuticals entered into two securities purchase agreements with two accredited investors to sell 966,666 shares of its common stock at a price of $0.36 per share. The Company sold 555,555 shares to the Investor pursuant to the Securities Purchase Agreement. The SPA Amendment amends the Securities Purchase Agreement to adjust the per share purchase price paid by the Investor to $0.425 per share. Pursuant to the SPA Amendment, the Investor will return 84,967 shares to the Company. In consideration of the entering into of the SPA Amendment by the Investor, Immune Pharmaceuticals has agreed to issue to the Investor a five year warrant to purchase an aggregate of 185,185 shares at an exercise price of $0.50 per share. IMNP complete research report is just a click away and free at:
Shares in Paris, France headquartered Sanofi ended the day 1.84% higher at $40.44, with a total trading volume of 1.86 million shares. The stock has advanced 0.60% in the last month and 5.89% in the previous three months. The Company's shares are trading 1.91% and 1.42% above their 50-day and 200-day moving averages, respectively. Moreover, shares of Sanofi, which researches, develops, manufactures, and markets various therapeutic solutions, have an RSI of 57.02.
On January 02nd, 2017, Sanofi and Boehringer Ingelheim confirmed that the strategic transaction signed in June 2016, which consists of an exchange of Sanofi's animal health business (Merial) and Boehringer Ingelheim's consumer healthcare business, has been successfully closed in most markets on January 01st, 2017. This closing marks the successful outcome of the business swap which started with exclusive negotiations in December 2015. The complimentary report on SNY can be downloaded at:
Xianyang, the People's Republic of China headquartered Biostar Pharmaceuticals Inc.'s stock dropped 3.62%, closing the session at $2.93. A total volume of 64,707 shares was traded. The Company's shares have gained 4.64% on an YTD basis. The stock is trading 3.86% below its 200-day moving average. Additionally, shares of Biostar Pharma, which develops, manufactures, and markets over-the-counter (OTC) and prescription pharmaceutical products for various diseases and conditions in the People's Republic of China, have an RSI of 40.22.
On November 21st, 2016, Biostar Pharmaceuticals reported net sales of $0.6 million for Q3 2016, down 84.7% compared to Q3 2015. Sales of the Company's Shaanxi Weinan Products decreased approximately $0.6 million, or 50.2% on a y-o-y basis during the reported quarter. Biostar Pharmaceuticals reported net loss was $1.6 million compared to a net loss of $1.2 million for Q3 2015. Sign up for your complimentary research report on BSPM at:
On Friday, shares in Redwood City, California headquartered Heron Therapeutics Inc. finished the session 2.34% higher at $13.10, with a total trading volume of 685,011 shares. The stock is trading below its 50-day moving average by 16.06%. Shares of the Company, which develops products to address unmet medical needs using its proprietary Biochronomer polymer-based drug delivery platform in the US, have an RSI of 41.66.
On November 29th, 2016, Susan G. Komen and Heron Therapeutics announced that the two organizations have joined forces to encourage supporters to take action in the fight against breast cancer. Through their new partnership, Susan G. Komen and Heron Therapeutics strive to raise awareness of the importance of supportive care in breast cancer treatment. Get free access to your research report on HRTX at:
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