NEW YORK, September 7, 2016 /PRNewswire/ --
The Biotech arena took a beating at the start of this year, but recent major takeovers have started drawing investors' interests back toward the industry. Stock-Callers.com shifts investors' attention to these four equities and see if they are positioned for long-term growth: Biogen Inc. (NASDAQ: BIIB), ImmunoGen Inc. (NASDAQ: IMGN), Jazz Pharmaceuticals PLC (NASDAQ: JAZZ), and Cempra Inc. (NASDAQ: CEMP). These stocks research reports can be downloaded now by simply registering for free at:
Cambridge, Massachusetts headquartered Biogen Inc.'s stock finished Tuesday's session 0.93% lower at $310.67 with a total volume of 1.71 million shares traded. The Company's shares have advanced 22.86% over the previous three months and 1.41% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.77% and 13.22%, respectively. Furthermore, shares of Biogen, which discovers, develops, manufactures, and delivers therapies for the treatment of neurodegenerative diseases, hematologic conditions, and autoimmune disorders, have a Relative Strength Index (RSI) of 58.80.
On September 1st, 2016, Biogen announced that aducanumab, its investigational treatment for early Alzheimer's disease, was granted Fast Track designation by the U.S. Food and Drug Administration. The company stated that, Aducanumab is currently being evaluated in two global Phase 3 studies, ENGAGE and EMERGE, which are designed to evaluate its safety and efficacy in slowing cognitive impairment and the progression of disability in people with early Alzheimer's disease.
Yesterday, research firm Jefferies downgraded the Company's stock rating from 'Buy' to 'Hold'. Your complete research report on BIIB can be retrieved for free at:
On Tuesday, shares in Waltham, Massachusetts headquartered ImmunoGen Inc. ended the session at $2.86, up 4.00%. The stock recorded a trading volume of 1.48 million shares. The Company's shares are trading 3.85% below their 50-day moving average. Moreover, shares of ImmunoGen, which develops targeted anticancer therapeutics, have an RSI of 44.35.
As per notes filed with the SEC on August 25th, 2016, ImmunoGen issued a press release on August 4th, 2016, to announce its financial results for the quarter and year ended June 30th, 2016. The company reported a net loss of $143.7 million for the year, or $1.65 per share. Due to information that became available after the press release related to a potential liability to a contract manufacturer for cancellation of a future manufacturing slot, an additional expense accrual was required and the company's financial results have been adjusted. The company's net loss has been increased to $144.8 million, or $1.67 per share, and will be reported as such in its 10-K filing. IMGN free report is just a click away at:
Dublin, Ireland headquartered Jazz Pharmaceuticals PLC's stock ended yesterday's session 0.48% higher at $121.42 with a total volume of 572,706 shares traded. Shares of the Company, which identifies, develops, and commercializes pharmaceutical products for various medical needs in the US, Europe, and internationally, are trading 11.97% below their 200-day moving average. The stock has an RSI of 22.88.
On August 9th, 2016, Jazz Pharma reported that net product sales increased 14% in Q2 2016 compared to the same period in 2015, due to higher net product sales of Xyrem, Erwinaze, and Defitelio. GAAP net income attributable to Jazz Pharma for Q2 2016 was $111.3 million, or $1.80 per diluted share, compared to $88.1 million, or $1.40 per diluted share, for Q2 2015.
On August 10th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $195 a share to $185 a share. Sign up for your complimentary research report on JAZZ at:
At the close, shares in Chapel Hill, North Carolina headquartered Cempra Inc. recorded a trading volume of 962,508 shares, which was above their three months average volume of 731,660 shares. The stock finished 3.26% higher at $22.83. The Company's shares have surged 17.80% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 13.95% and 12.21% respectively. Furthermore, shares of Cempra, which focuses on developing antibiotics to meet medical needs in the treatment of bacterial infectious diseases in North America, have an RSI of 59.62.
On August 23rd, 2016, Cempra announced that the European Medicines Agency (EMA) has validated the company's marketing authorization application (MAA) seeking approval of oral capsule and intravenous formulations of solithromycin for the treatment of community-acquired bacterial pneumonia. The EMA's validation of the MAA confirms that the submission is complete and formally starts the review process. The EMA's Committee for Medicinal Products for Human Use will now begin their assessment of solithromycin through the centralized review procedure. Register for free on Stock-Callers.com and download the latest research report on CEMP at:
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