NEW YORK, October 6, 2016 /PRNewswire/ --
Stock-Callers.com is currently assessing the most recent performances of the following major players in the Drug Manufacturers segment: Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP), Retrophin Inc. (NASDAQ: RTRX), Heron Therapeutics Inc. (NASDAQ: HRTX), and GW Pharmaceuticals PLC (NASDAQ: GWPH). These companies belong to the Healthcare sector which continues to be defined by drug pricing, scientific advancements, more accommodative regulations, and numerous M&A attempts. Sign up today and download for free the research reports for the stocks covered today at:
New York headquartered Tonix Pharmaceuticals Holding Corp.'s stock finished Wednesday's session 2.45% lower at $0.75 with a total trading volume of 732,177 shares. Shares of the Company, which engages in developing medicines for common disorders of the central nervous system, are trading below their 50-day moving average by 54.79%. The stock has a Relative Strength Index (RSI) of 27.24.
On September 6th, 2016, Tonix Pharmaceuticals announced preliminary topline results from its Phase 3 clinical study, AFFIRM, designed to evaluate the safety and efficacy of TNX-102 SL, 2.8 mg, in patients with fibromyalgia. The company stated that the AFFIRM data did not achieve statistical significance in the primary efficacy endpoint: the proportion of patients who reported a 30% or greater reduction in pain from baseline to the end of the 12-week treatment period based on the pre-specified primary analysis. However, TNX-102 SL did show statistically significant effects on pain when analyzed by other standard statistical approaches.
On September 7th, 2016, research firm ROTH Capital downgraded the Company's stock rating from 'Buy' to 'Neutral'. TNXP complete research report is just a click away at:
On Wednesday, shares in San Diego, California headquartered Retrophin Inc. ended the session at $23.12, up 1.49%. The stock recorded a trading volume of 338,299 shares. The Company's shares have gained 41.67% in the last one month, 26.34% in the previous three months, and 19.85% since the start of this year. The stock is trading 18.72% above its 50-day moving average and 35.83% above its 200-day moving average. Moreover, shares of Retrophin, which focuses on the development, acquisition, and commercialization of therapies for the treatment of serious, catastrophic, or rare diseases, have an RSI of 62.41.
On September 30th, 2016, Retrophin announced that its Board of Directors has granted an inducement award pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules to Julio Gagne in connection with his employment as vice president, Program Management. Mr. Gagne's inducement award consists of a stock option to purchase 60,000 shares of Retrophin common stock. The stock option has an exercise price per share equal to the closing price of Retrophin's common stock on the date of grant. The complimentary report on RTRX can be downloaded at:
California headquartered Heron Therapeutics Inc.'s stock ended yesterday's session 6.90% higher at $17.20. A total volume of 1.14 million shares was traded, above their three months average volume of 719,630 shares. The Company's shares are trading 8.98% below their 50-day moving average. Additionally, 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 42.48.
On September 6th, 2016, research firm Lake Street resumed its 'Buy' rating on the Company's stock, issuing a target price of $45 per share.
As per notes filed with the SEC, on September 30, 2016, Heron Therapeutics' board of directors accepted the resignations of Neil J. Clendeninn, M.D., Ph.D., its Senior Vice President, Chief Medical Officer, Paul G. Marshall, its Senior Vice President, Technical Operations, and Brian G. Drazba, its Vice President, Finance and Chief Financial Officer. Sign up for your complimentary report on HRTX at:
At the close on Wednesday, shares in Cambridge, the UK-based GW Pharmaceuticals PLC recorded a trading volume of 619,579 shares. The stock finished 0.23% higher at $133.45. The Company's shares have surged 58.49% in the last one month, 42.77% over the previous three months, and 92.18% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 36.42% and 69.70%, respectively. Furthermore, shares of GW Pharmaceuticals, which together with its subsidiaries, engages in discovering, developing, and commercializing cannabinoid prescription medicines, have an RSI of 80.45.
On September 26th, 2016, GW Pharmaceuticals announced positive results of the second randomized, double-blind, placebo-controlled Phase 3 clinical trial of its investigational medicine Epidiolex® for the treatment of seizures associated with Lennox-Gastaut syndrome, a rare and severe form of childhood-onset epilepsy. In this trial, Epidiolex, when added to the patient's current treatment, achieved the primary endpoint for both dose levels with high statistical significance.
On October 4th, 2016, research firm Leerink Partners resumed its 'Outperform' rating on the Company's stock, issuing a target price of $162 per share. Download the research report for free on GWPH at:
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