Biotech Stocks on Investors' Radar -- Amicus Therapeutics, Cempra, Ophthotech, and Sarepta Therapeutics
NEW YORK, February 10, 2017 /PRNewswire/ --
Stock-Callers.com has lined up four Biotech equities ahead of today's trading session, which are Amicus Therapeutics Inc. (NASDAQ: FOLD), Cempra Inc. (NASDAQ: CEMP), Ophthotech Corp. (NASDAQ: OPHT), and Sarepta Therapeutics Inc. (NASDAQ: SRPT). These companies are part of the Healthcare sector, which was broadly higher in afternoon trade on Thursday, February 09th, 2017, with the NYSE Health Care Index rising more than 0.6%, while shares of health care companies in the S&P 500 were up nearly 0.4% as a group. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Amicus Therapeutics
New Jersey headquartered Amicus Therapeutics Inc.'s stock finished Thursday's session 0.33% higher at $6.13 with a total trading volume of 3.04 million shares. The Company's shares have advanced 7.54% in the past month and 23.34% since the start of this year. The stock is trading 10.40% above its 50-day moving average. Additionally, shares of Amicus Therapeutics, which focuses on the discovery, development, and commercialization of medicines for various rare and orphan diseases, have a Relative Strength Index (RSI) of 61.82.
On January 09th, 2017, Amicus Therapeutics announced that for full year 2017 it is focusing on five key strategic priorities: 1) advancing the international Galafold launch; 2) completing its regulatory submission for migalastat in Japan; 3) establishing the Company's novel Pompe treatment paradigm ATB200/AT2221 as a highly differentiated therapy; 4) successfully completing its Phase-3 clinical study in patients with epidermolysis bullosa; and 5) maintaining its financing strength. The Company expects full-year 2017 net operating cash flow of between $175 million to $200 million.
On January 24th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $7 a share to $10 a share. FOLD complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=FOLD
Cempra
On Thursday, shares in North Carolina headquartered Cempra Inc. recorded a trading volume of 1.69 million shares. The stock ended the session 5.17% higher at $3.05. The Company's shares have advanced 8.93% on an YTD basis. The stock is trading 36.27% below its 50-day moving average. Moreover, shares of Cempra, which focuses on developing antibiotics to meet medical needs in the treatment of bacterial infectious diseases in North America, have an RSI of 33.51.
On December 29th, 2016, Cempra announced that it has received a Complete Response Letter (CRL) from the US Food and Drug Administration (FDA) relating to its new drug applications (NDAs) for oral and intravenous solithromycin for the treatment of community-acquired bacterial pneumonia in adults. The CRL states that the FDA cannot approve the NDAs in their present form and notes that additional clinical safety information and the satisfactory resolution of manufacturing facility inspection deficiencies are required before the NDAs may be approved. The complimentary report on CEMP can be downloaded at:
http://stock-callers.com/registration/?symbol=CEMP
Ophthotech
Shares in New York headquartered Ophthotech Corp. closed the day 1.59% lower at $4.32 with a total trading volume of 1.64 million shares. The stock is trading 60.14% below its 50-day moving average. Shares of the Company, which develops novel therapeutics to treat diseases of the back of the eye, have an RSI of 8.70.
On February 01st, 2017, Ophthotech announced that it has initiated a plan to review its strategic alternatives in order to maximize shareholder value. Without limiting any option, the principal focus of this plan, based on the Company's deep expertise and experience in ophthalmology, is to actively explore obtaining rights to additional products, product candidates and technologies to treat ophthalmic diseases, particularly those of the back of the eye. As part of implementing the strategic plan, the Company announced that Glenn P. Sblendorio will assume the role of President, effective immediately. Sign up for your complimentary research report on OPHT at:
http://stock-callers.com/registration/?symbol=OPHT
Sarepta Therapeutics
At the close of trading on Thursday, shares in Massachusetts headquartered Sarepta Therapeutics Inc. finished 0.27% higher at $29.34. The stock recorded a trading volume of 2.08 million shares. The Company's shares have advanced 6.96% on an YTD basis. The stock is trading below its 200-day moving average by 4.23%. Furthermore, shares of Sarepta Therapeutics, which focuses on the discovery and development of RNA-based therapeutics for the treatment of rare, infectious, and other diseases, have an RSI of 42.88.
On January 31st, 2017, Sarepta Therapeutics announced that it has been granted equity awards that were previously approved by the Compensation Committee of its Board of Directors under Sarepta's 2014 Employment Commencement Incentive Plan. The Company's employees received, in the aggregate, options to purchase 101,325 shares of Sarepta's common stock. The options have an exercise price of $31.06 per share, which is equal to the closing price of Sarepta's common stock on January 31st, 2017. Get free access to your research report on SRPT at:
http://stock-callers.com/registration/?symbol=SRPT
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