NEW YORK, September 12, 2016 /PRNewswire/ --
Biotechnology has seen some substantial declines since the start of this year due to political comments on pricing, which is expected to persist for an uncertain period of time. Some companies in the industry, however, signal recovery and growth potential given M&A activities and the development of new methodologies and platforms. This morning, Stock-Callers.com has initiated research reports on the following equities: Northwest Biotherapeutics Inc. (NASDAQ: NWBO), Radius Health Inc. (NASDAQ: RDUS), Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI), and Kite Pharma Inc. (NASDAQ: KITE). These stocks research reports can be downloaded now by simply registering for free at:
Bethesda, Maryland headquartered Northwest Biotherapeutics Inc.'s stock declined 1.11%, finishing last Friday's session at $0.34. A total volume of 1.25 million shares was traded, which was above their three months average volume of 908,560 shares. The Company's shares are trading below their 50-day moving average by 22.00%. Additionally, shares of Northwest Biotherapeutics, which discovers and develops immunotherapy products to treat cancer in the US and internationally, have a Relative Strength Index (RSI) of 33.00.
On September 06th, 2016, Northwest Biotherapeutics announced that NASDAQ has accepted NW Bio's proposed remediation plan to resolve NASDAQ's finding, previously disclosed by the company, that NW Bio failed to comply with certain NASDAQ listing rules with regard to certain securities issuances to Cognate BioServices, Inc. As a result of this acceptance, NASDAQ has notified the company that it has regained compliance with these rules, and this matter is now closed. Your complete research report on NWBO can be retrieved for free at:
On Friday, shares in Cambridge, Massachusetts headquartered Radius Health Inc. ended the session 4.21% lower at $53.87. The stock recorded a trading volume of 980,873 shares, which was above its three months average volume of 841,420 shares. The Company's shares have gained 3.66% in the last month and 47.03% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.51% and 29.31%, respectively. Moreover, shares of Radius Health, which focuses on developing novel therapeutics for patients with osteoporosis and other serious endocrine-mediated diseases in the US, have an RSI of 52.27.
On August 16th, 2016, Radius Health announced that positive results from the Phase 3 ACTIVE (Abaloparatide Comparator Trial In Vertebral Endpoints) trial were published in the Journal of the American Medical Association (JAMA). This landmark trial enrolled 2,463 patients to evaluate the safety and efficacy of investigational drug Abaloparatide for the treatment of postmenopausal women with osteoporosis. The ACTIVE results showed that patients treated with daily Abaloparatide for 18 months had a significantly greater reduction in the incidence of new vertebral fractures (p < 0.001) and non-vertebral fractures (p = 0.049) compared to placebo. RDUS free report is just a click away at:
Henderson, Nevada headquartered Spectrum Pharmaceuticals Inc.'s stock dropped 1.82%, to close the day at $5.38 with a total volume of 748,793 shares traded. The Company's shares are trading 11.97% below their 200-day moving average. Shares of the Company, which develops and commercializes oncology and hematology drug products, have an RSI of 35.37.
On August 16th, 2016, Spectrum reported that total product sales were $30.9 million in Q2 2016. Spectrum recorded net loss of $24.3 million, or $(0.35) per basic and diluted share, in the three-month period ended June 30th, 2016, compared to net loss of $2.3 million, or $(0.04) per basic and diluted share in the comparable period in 2015. Total research and development expenses were $14.3 million in the quarter compared to $9.6 million in the same period in 2015. Selling, general, and administrative expenses were $27.6 million in the quarter compared to $22.6 million in the same period in 2015. Sign up for your complimentary research report on SPPI at:
Shares in Santa Monica, California headquartered Kite Pharma Inc. recorded a trading volume of 725,213 shares. The stock ended Friday's session at $56.73, sliding 6.97%. The Company's shares have gained 10.58% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.40% and 6.45%, respectively. Furthermore, shares of Kite Pharma, which focuses on the development and commercialization of novel cancer immunotherapy products, have an RSI of 46.05.
On August 8th, 2016, Kite Pharma reported that revenue was $4.8 million for Q2 2016 compared to revenue of $4.4 million in the year ago period. Research and development expenses were $47.4 million for Q2 2016, and include $8.5 million of non-cash stock-based compensation expense. Net loss was $64.3 million, or $1.31 per share, for Q2 2016. As of June 30th, 2016, Kite had $531.1 million in cash, cash equivalents, and marketable securities. Register for free on Stock-Callers.com and download the latest research report on KITE at:
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