Biotech Stocks on Investors' Radar -- Agenus, Portola Pharma, Tobira Therapeutics, and Auris Medical
NEW YORK, November 1, 2016 /PRNewswire/ --
Stock-Callers.com looks back at the Biotechnology industry which has underperformed the general equity market by 20% this year due to political and drug pricing concerns. Stocks under evaluation are: Agenus Inc. (NASDAQ: AGEN), Portola Pharmaceuticals Inc. (NASDAQ: PTLA), Tobira Therapeutics Inc. (NASDAQ: TBRA), and Auris Medical Holding AG (NASDAQ: EARS). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Agenus
At the close on Monday, shares in Lexington, Massachusetts headquartered Agenus Inc. saw a drop of 2.93%, ending the day at $3.97, with a total trading volume of 1.15 million shares. The stock is trading below its 200-day moving average by 14.26%. Shares of the Company, which focuses on the discovery and development of treatments that engage the body's immune system for patients suffering with cancer, have a Relative Strength Index (RSI) of 17.53.
On October 27th, 2016, Agenus reported a net loss attributable to common stockholders of $40.8 million for Q3 2016, which includes $18.7 million of non-cash expenses. This compares to a net loss attributable to common stockholders for Q3 2015 of $13.2 million which included $4.1 million of non-cash income. Net loss was $0.47 per share for Q3 2016 compared to net loss of $0.16 per share for Q3 2015. Cash, cash equivalents, and short-term investments were $95.4 million as of September 30th, 2016.
On October 28th, 2016, research firm H.C. Wainwright downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised downwards its previous target price from $10 to $5. AGEN complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=AGEN
Portola Pharma
Shares in South San Francisco, California headquartered Portola Pharmaceuticals Inc. ended the day 9.24% lower at $18.18, with a total trading volume of 1.06 million shares. The stock is trading below its 50-day moving average by 15.01%. Shares of the Company, which develops and commercializes therapeutics for patients in the areas of thrombosis, other hematologic disorders, and inflammation, have an RSI of 31.43.
On October 25th, 2016, Portola Pharmaceuticals announced that it has submitted a New Drug Application to the U.S. Food and Drug Administration (FDA) seeking approval to market betrixaban for extended-duration prophylaxis of venous thromboembolism (VTE) in acute medically ill patients with risk factors for VTE. Betrixaban, an FDA Fast Track-designated investigational drug, is an oral, once-daily Factor Xa inhibitor anticoagulant. The complimentary report on PTLA can be downloaded at:
http://stock-callers.com/registration/?symbol=PLTA
Tobira Therapeutics
On Monday, shares in South San Francisco, California headquartered Tobira Therapeutics Inc. finished 0.65% higher at $42.09, with a total trading volume of 521,806 shares. The stock has advanced 5.91% in the last one month, 952.25% over the previous three months, and 318.81% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 66.20% and 236.26%, respectively. Additionally, shares of Tobira Therapeutics, which focuses on the development and commercialization of therapeutics to treat liver disease, inflammation, fibrosis, and HIV, have an RSI of 88.95.
On October 20th, 2016, Tobira Therapeutics announced the acceptance of the company's late breaking abstract as an oral presentation at the American Academy for the Study of Liver Diseases Annual Meeting (the Liver Meeting®), being held in Boston, MA from November 11th-15th, 2016. The abstract entitled "Cenicriviroc versus placebo for the treatment of non-alcoholic steatohepatitis with liver fibrosis: Results from the Year 1 primary analysis of the Phase 2b CENTAUR study," will be presented by Arun Sanyal, M.D., Charles Caravati Distinguished Professor and Chair, Division of Gastroenterology, Hepatology and Nutrition at Virginia Commonwealth University on November 14th, 2016. Sign up for your complimentary research report on TBRA at:
http://stock-callers.com/registration/?symbol=TBRA
Auris Medical
Zug, Switzerland-based Auris Medical Holding AG's shares recorded a trading volume of 245,480 shares at the end of yesterday's session and closed the day at $1.03, dropping 2.83%. The stock is trading below its 50-day moving average by 36.86%. Shares of the Company, which focuses on the development of novel products for the treatment of inner ear disorders, have an RSI of 23.29.
On October 11th, 2016, Auris Medical announced additional clinical data as well as updates to its development plan for KeyzilenTM (AM-101) in acute inner ear tinnitus. Based on insights from the recently completed TACTT2 trial, the Company is submitting a protocol amendment to regulatory agencies in Europe for TACTT3, the ongoing second Phase 3 clinical trial. In the amended trial protocol, the change in Tinnitus Functional Index (TFI) score will be elevated from a key secondary endpoint to an alternate primary efficacy endpoint. Top-line results from the expanded TACTT3 trial are now expected in early 2018. The outcomes from TACTT2 and the regulatory path forward will be reviewed with the US FDA in early December 2016. Get free access to your research report on EARS at:
http://stock-callers.com/registration/?symbol=EARS
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