NEW YORK, December 8, 2016 /PRNewswire/ --
Stock-Callers.com revisits the Drug Manufacturers industry, which is focused on the research, distribution, and marketing of pharmaceutical drug products. Companies in this space can greatly be affected by patent protection and expiration. Additionally, these firms typically have dividend yields that are higher than the Healthcare sector as a whole. Up for review this morning are: Novo Nordisk A/S (NYSE: NVO), Synergy Pharmaceuticals Inc. (NASDAQ: SGYP), Pernix Therapeutics Holdings Inc. (NASDAQ: PTX), and Apricus Biosciences Inc. (NASDAQ: APRI). You can access of our complimentary research reports on these stocks now at:
Shares in Bagsvaerd, Denmark headquartered Novo Nordisk A/S saw a slight decline of 0.17%, ending Wednesday's trading session at $35.20. The stock recorded a trading volume of 4.91 million shares, which was above its three months average volume of 4.46 million shares. The Company's shares have gained 3.04% in the last one month. The stock is trading 4.90% below its 50-day moving average. Moreover, shares of Novo Nordisk, which engages in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide, have a Relative Strength Index (RSI) of 56.10.
On December 5th, 2016, Novo Nordisk announced the submission of a New Drug Application to the US FDA for semaglutide, a glucagon-like peptide-1 (GLP-1) analog administered once-weekly, for the treatment of adults with type-2 diabetes. The company also submitted a Marketing Authorization Application to the European Medicines Agency for semaglutide. Visit us today and download your complete report on NVO for free at:
New York headquartered Synergy Pharmaceuticals Inc.'s stock declined 2.32%, closing the day at $5.48. A total volume of 2.90 million shares was traded, which was higher than their three months average volume of 2.85 million shares. The Company's shares have advanced 19.65% in the last month and 7.87% in the previous three months. The stock is trading 4.77% above its 50-day moving average and 30.64% above its 200-day moving average. Additionally, shares of Synergy Pharma, which focuses on the development of drugs to treat gastrointestinal disorders and diseases, have an RSI of 54.00.
As per an SEC filing dated November 21st, 2016, Synergy Pharmaceuticals entered into separate, privately-negotiated exchange agreements on November 16th, 2016, and November 21st, 2016, with certain holders of the Company's 7.50% Convertible Senior Notes due 2019. Under the exchange agreements, the Holders agreed to exchange an aggregate principal amount of approximately $20.7 million of Notes and accrued but unpaid interest under the Notes held by them in exchange for 7,555,683 shares of the Company's common stock, par value $0.0001 per share. The transactions are expected to close on or about November 21st, 2016, subject to customary closing conditions. Immediately following the exchange of the Notes contemplated by the exchange agreements, approximately $23.5 million in aggregate principal amount of the Notes will remain outstanding. The complimentary research report on SGYP can be accessed at:
On Wednesday, shares in Morristown, New Jersey headquartered Pernix Therapeutics Holdings Inc. recorded a trading volume of 152,170 shares. The stock ended the day 0.97% higher at $3.11. The Company's shares have advanced 460.36% over the previous three months and 5.42% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.52% and 138.19%, respectively. Furthermore, shares of Pernix Therapeutics Holdings, which develops, manufactures, markets, and sells pharmaceutical products, have an RSI of 53.73.
On November 22nd, 2016, Pernix Therapeutics announced the appointment of Gabriel Leung to its Board of Directors, effective immediately. The Board also determined that Mr. Leung is an independent director and appointed him as chairperson of the Nominating Committee and as a member of the Audit and Compensation Committees. Mr. Leung is currently Vice Chairman and Board member of NovoCure Limited, a publicly listed commercial-stage oncology company. Register for free on Stock-Callers.com and download the PDF research report on PTX at:
San Diego, California headquartered Apricus Biosciences Inc.'s stock dropped 3.88%, finishing yesterday's session at $1.24 with a total trading volume of 147,907 shares. The Company's shares are trading below their 50-day moving average by 48.21%. Shares of the Company, which focuses on the development and commercialization of products and product candidates in the areas of urology and rheumatology, have an RSI of 26.32.
On December 1st, 2016, Apricus Biosciences announced that the Company received notice on November 30th, 2016, from the NASDAQ Listing Qualifications Staff that due to its non-compliance with the $35 million market value of listed securities requirement, the Company was subject to delisting unless it timely requests a hearing before the NASDAQ Hearings Panel. The Company intends to timely request a hearing before the Panel, which request will stay any delisting action by the NASDAQ Listing Qualifications Staff, pending the Panel`s decision. Get free access to your research report on APRI at:
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