NEW YORK, October 10, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com shifts its focus on these four Biotechnology equities: Pacific Biosciences of California Inc. (NASDAQ: PACB), Marinus Pharmaceuticals Inc. (NASDAQ: MRNS), Emergent BioSolutions Inc. (NYSE: EBS), and Ampio Pharmaceuticals Inc. (NYSE MKT: AMPE). In afternoon trading on Thursday, October 06, 2016, Biotech stocks were significantly weak, with the NYSE Arca Biotechnology Index down 3.1%. Learn more about these stocks by downloading their free report at:
Let us now see how the aforementioned companies fared at the closing bell the following day, Friday, October 07, 2016:
Pacific Biosciences of California
Last Friday, shares in Menlo Park, California headquartered Pacific Biosciences of California Inc. ended the session 1.55% lower at $8.87. The stock recorded a trading volume of 684,924 shares. The Company's shares have advanced 1.60% in the last month and 18.11% in the previous three months. The stock is trading 2.67% above its 50-day moving average. Moreover, shares of Pacific Biosciences of California, which designs, develops, and manufactures sequencing systems to resolve genetically complex problems, have a Relative Strength Index (RSI) of 52.37.
On September 22nd, 2016, Pacific Biosciences of California and Dovetail Genomics™ LLC announced that Dovetail has added PacBio® SMRT® sequencing and de novo assembly options to its menu of genome assembly services. The companies also announced their signing of a co-marketing agreement under which the new service offerings will be jointly promoted. The free research report on PACB is available at:
Radnor, Pennsylvania-based Marinus Pharmaceuticals Inc.'s shares dropped 3.18%, to close the day at $1.52. The stock recorded a trading volume of 511,858 shares. The Company's shares have advanced 10.14% over the previous three months and are trading 9.03% below their 50-day moving average. Additionally, shares of Marinus Pharmaceuticals, which focuses on developing and commercializing therapeutics to treat epilepsy and neuropsychiatric disorders, have an RSI of 43.20.
On September 29th, 2016, Marinus Pharmaceuticals announced top-line results from a Phase 2 exploratory open-label clinical trial evaluating ganaxolone, its CNS-selective GABAA modulator, in females with PCDH19 pediatric epilepsy. In the trial, ganaxolone reduced seizure frequency from baseline in the majority of patients enrolled in the study and was generally safe and well tolerated. PCDH19 pediatric epilepsy is a rare and serious epilepsy characterized by early-onset cluster seizures, cognitive and sensory impairment, and behavioral disturbances, with no approved treatments. In 2015, the U.S. Food and Drug Administration granted Orphan Drug Designation to ganaxolone for the treatment of PCDH19. The complimentary report on MRNS can be downloaded at:
Shares in Gaithersburg, Maryland headquartered Emergent BioSolutions Inc. recorded a trading volume of 702,667 shares at the close of the last trading session, which was above their three months average volume of 542,190 shares. The stock ended the day 2.23% lower at $31.19. The Company's shares have advanced 11.95% in the last one month and 2.36% in the previous three months. The stock is trading above its 50-day moving average by 9.26%. Furthermore, shares of Emergent BioSolutions, which develops, manufactures, and sells specialized products to healthcare providers and governments in the US and internationally, have an RSI of 62.04.
On September 30th, 2016, Emergent BioSolutions provided an update on the status of its 2011 BioThrax® (Anthrax Vaccine Adsorbed) procurement contract and the status of its discussions with the Centers for Disease Control and Prevention (CDC) for a follow-on procurement contract for BioThrax. The company stated that CDC has exercised an option to procure all remaining BioThrax doses, thereby committing to take delivery of the full 44.75 million doses, under the procurement contract announced on October 3rd, 2011 and due to expire September 30th, 2016. In concert with this option exercise, CDC has granted a no-cost extension to enable delivery of the remaining doses to be completed by November 30th, 2016. Visit us today and download our complete research report on EBS for free at:
Englewood, Colorado headquartered Ampio Pharmaceuticals Inc.'s stock finished Friday's session 1.82% higher at $0.80 with a total trading volume of 110,008 shares. Shares of the Company, which focuses on developing therapies for the treatment of prevalent inflammatory conditions in the US, are trading below their 50-day moving average by 8.90%. The stock has an RSI of 44.57.
On September 29th, 2016, Ampio Pharmaceuticals announced that the company has met with the CBER Division of the FDA to seek guidance on the best path forward to obtain a Biological License for Ampion™ to treat patients suffering from pain caused by severe osteoarthritis of the knee (OAK). Michael Macaluso, Ampio's CEO reported completion of enrollment for AP-011, a Study to Evaluate the Safety of a Single Intra-Articular Injection of Ampion™ for Arthritis of the Basal Thumb Joint. Get free access to your technical report on AMPE at:
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