NEW YORK, September 16, 2016 /PRNewswire/ --
The Biotech industry registered strong gains on Monday, September 12, 2016, with every ETF in the green. Driving stocks higher were surges in M&A deals, dovish comments made by the Fed on policy tightening, and Trump's rising tracking poll results. Today, Stock-Callers.com reviews four equities to see how they fared over the last few trading sessions: Galena Biopharma Inc. (NASDAQ: GALE), Mast Therapeutics Inc. (NYSE MKT: MSTX), Medivation Inc. (NASDAQ: MDVN), and Amgen Inc. (NASDAQ: AMGN). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
San Ramon, California-based Galena Biopharma Inc.'s shares gained 0.82%, closing Thursday's trading session at $0.33. The stock recorded a trading volume of 4.21 million shares. Shares of the Company are trading 22.52% below their 50-day moving average. Additionally, shares of Galena Biopharma, which focuses on developing and commercializing oncology therapeutics that address major unmet medical needs, have a Relative Strength Index (RSI) of 33.40.
On September 12th, 2016, Galena Biopharma announced the issuance of a second Japanese Patent containing composition and method of use claims for GALE-401, the Company's controlled release version of anagrelide. The patent covers the treatment of patients suffering from myeloproliferative diseases, including myeloproliferative neoplasms such as essential thrombocythemia and polycythemia vera. The patent provides GALE-401 exclusivity until 2029, not including any patent term extensions. Free research report on GALE is available at: http://stock-callers.com/registration/?symbol=GALE
On Thursday, shares in San Diego, California headquartered Mast Therapeutics Inc. recorded a trading volume of 7.58 million shares, which was above their three months average volume of 4.21 million shares. The stock edged 15.20% higher, ending the day at $0.57. The Company's shares have surged 35.69% in the last month, 32.53% in the previous three months, and 35.69% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 31.10% and 52.51%, respectively. Furthermore, shares of Mast Therapeutics, which develops therapies for serious or life-threatening diseases with significant unmet needs, have an RSI of 59.82.
On September 6th, 2016, Mast Therapeutics announced that it is joining other industry leaders, patient advocacy groups, researchers, clinicians, policymakers, and foundations in a collective effort to improve sickle cell disease (SCD) care, early diagnosis, treatment, and research both in the US and globally. SCD is an inherited, lifelong disorder characterized by red blood cells that become rigid and sickle-shaped, which causes them to stick together and block the flow of oxygen to the body, leading to intense pain and other serious issues such as stroke, organ failure, and death. SCD affects approximately 100,000 Americans and millions worldwide. The complimentary research report on MSTX can be downloaded at: http://stock-callers.com/registration/?symbol=MSTX
San Francisco, California headquartered Medivation Inc.'s stock finished the day 0.09% lower at $81.05. A total volume of 5.64 million shares was traded, which was above their three months average volume of 3.82 million shares. The Company's shares have gained 24.27% in the last one month, 36.54% in the previous three months, and 67.67% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 16.94% and 55.19%, respectively. Additionally, shares of Medivation, which focuses on the development and commercialization of medical therapies to treat serious diseases in the US, have an RSI of 87.68.
On August 22nd, 2016, Pfizer Inc. and Medivation announced that they have entered into a definitive merger agreement under which Pfizer will acquire Medivation for $81.50 a share in cash for a total enterprise value of approximately $14 billion. The Boards of Directors of both companies have unanimously approved the merger.
On August 23rd, 2016, research firm Stifel downgraded the Company's stock rating from 'Buy' to 'Hold'. Visit us today and access our complete research report on MDVN at: http://stock-callers.com/registration/?symbol=MDVN
Shares in Thousand Oaks, California headquartered Amgen Inc. ended yesterday's session 1.47% higher at $172.64. The stock recorded a trading volume of 2.92 million shares. The Company's shares have advanced 0.28% in the last one month, 14.01% over the previous three months, and 8.42% on an YTD basis. The stock is trading 2.45% above its 50-day moving average and 10.87% above its 200-day moving average. Moreover, shares of Amgen, which engages in discovering, developing, manufacturing, and delivering human therapeutics worldwide, have an RSI of 56.76.
On August 26th, 2016, research firm Gabelli & Co. initiated a 'Hold' rating on the Company's stock.
On September 15th, 2016, Amgen announced detailed global Phase 2 results showing erenumab demonstrated a statistically significant reduction in monthly migraine days compared with placebo in patients with chronic migraine. In an analysis of exploratory endpoints, both doses of erenumab were associated with significant improvements in health-related quality of life, headache impact, disability, and level of pain interference, compared to placebo. Get free access to your research report on AMGN at: http://stock-callers.com/registration/?symbol=AMGN
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