NEW YORK, November 17, 2016 /PRNewswire/ --
Stock-Callers.com turns investors' focus on the Drug Manufacturers industry which has experienced moderate growth over the last five years due to rising demand for healthcare and medications worldwide, especially from emerging economies. Four major industry players have been lined up for review this morning: Impax Laboratories Inc. (NASDAQ: IPXL), Retrophin Inc. (NASDAQ: RTRX), Heron Therapeutics Inc. (NASDAQ: HRTX), and GW Pharmaceuticals PLC (NASDAQ: GWPH). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Hayward, California headquartered Impax Laboratories Inc.'s stock finished Wednesday's session 1.05% lower at $14.15 with a total volume of 1.09 million shares traded. Shares of the Company, which develops, manufactures, and markets bioequivalent pharmaceutical products, are trading at a PE ratio of 30.24. The stock is trading below its 50-day and 200-day moving averages by 36.18% and 51.11%, respectively. Impax Laboratories' stock has a Relative Strength Index (RSI) of 23.83.
On November 9th, 2016, Impax Labs reported that total revenues in Q3 2016 increased 3% to $227.9 million compared to $221.1 million in the prior year's period. On a GAAP basis, the Company recorded a per share loss of $2.51 in Q3 2016 compared to a gain of $0.49 per share in the prior year's period. Adjusted diluted earnings per share for Q3 2016 were $0.37 compared to adjusted EPS of $0.40 in Q3 2015.
On November 14th, 2016, research firm WallachBeth downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $30 to $18. Visit us today and access our complete research report on IPXL at:
On Wednesday, shares in California headquartered Retrophin Inc. ended the session 2.39% higher at $21.41 with a total volume of 708,090 shares traded. Retrophin's shares have gained 3.68% in the last one month, 25.72% in the previous three months, and 15.60% in the past one year. The stock is trading 0.23% above its 50-day moving average and 22.79% above its 200-day moving average. Moreover, shares of the Company have an RSI of 58.22.
On November 10th, 2016, Retrophin announced it has reached an agreement with the U.S. Food and Drug Administration (FDA) under the Special Protocol Assessment (SPA) process for a Phase 3 clinical trial evaluating RE-024, the Company's novel investigational replacement therapy, for the treatment of pantothenate kinase-associated neurodegeneration (PKAN). The SPA indicates concurrence by the FDA that the design of the pivotal trial can adequately support a New Drug Application seeking U.S. approval of RE-024 for the treatment of PKAN. The Company plans to initiate this trial before year-end 2016. The complimentary report on RTRX can be downloaded at:
On Wednesday, shares in Redwood City, California headquartered Heron Therapeutics Inc. recorded a trading volume of 645,889 shares, which was higher than their three months average volume of 592,440 shares. The stock ended the day 3.44% lower at $19.65. Heron Therapeutics' stock has gained 27.60% in the last one month. The Company is trading above its 50-day and 200-day moving averages by 14.57% and 6.72%, respectively. Furthermore, shares of Heron Therapeutics, which develops products to address unmet medical needs using its proprietary Biochronomer polymer-based drug delivery platform in the US, have an RSI of 66.10.
On October 26th, 2016, research firm Aegis Capital initiated a 'Buy' rating on the Company's stock.
On November 9th, 2016, Heron's net cash used for operating activities was $36.1 million for Q3 2016 compared to net cash used for operating activities of $19.9 million for Q3 2015. Heron's net loss for Q3 2016 was $48.5 million, or $1.24 per share, compared to a net loss of $22.7 million, or $0.63 per share, for Q3 2015. Register for free on Stock-Callers.com and access the latest research report on HRTX at:
Cambridge, the UK-based GW Pharmaceuticals PLC's stock declined 3.59%, to close the day at $129.21. The stock recorded a trading volume of 584,657 shares. GW Pharma's shares have gained 3.19% in the last one month, 53.53% in the previous three months, and 53.04% in the past one year. Shares of the Company, which together with its subsidiaries, engages in discovering, developing, and commercializing cannabinoid prescription medicines, are trading 7.86% and 46.51% above its 50-day and 200-day moving averages, respectively. Additionally, the stock has an RSI of 61.25. Get free access to your research report on GWPH at:
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