Biotech Stocks on Investors' Radar -- BioMarin Pharma, Keryx Biopharma, Puma Biotech, and Arrowhead Pharma
NEW YORK, October 14, 2016 /PRNewswire/ --
Biotechnology companies use biological systems or living organisms for the development of biopharmaceutical drugs. Most of these firms derive their revenue from either the sale or licensing of drugs and diagnostic tools. Today, Stock-Callers.com turns its focus on BioMarin Pharmaceutical Inc. (NASDAQ: BMRN), Keryx Biopharmaceuticals Inc. (NASDAQ: KERX), Puma Biotechnology Inc. (NYSE: PBYI), and Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) to see how they have fared over the last few trading sessions. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
BioMarin Pharma
At the close on Thursday, shares in San Rafael, California headquartered BioMarin Pharmaceutical Inc. saw a decline of 1.23%, ending the day at $86.87. The stock recorded a trading volume of 1.91 million shares, which was above its three months average volume of 1.57 million shares. The Company's shares are trading below their 200-day moving average by 0.67%. Moreover, shares of BioMarin Pharmaceutical, which develops and commercializes pharmaceuticals for serious diseases and medical conditions in the US, Europe, Latin America, and internationally, have a Relative Strength Index (RSI) of 32.47.
On October 13th, 2016, BioMarin Pharmaceutical announced that the Medicines and Healthcare Products Regulatory Agency (MHRA) in the UK approved continued enrollment into the open-label Phase 1/2 study of BMN 270, an investigational gene therapy treatment for severe hemophilia A. BioMarin had previously announced that after enrolling the first 9 patients in the study, that dosing of patients had been suspended due to observed increases in alanine aminotransferase (ALT) levels that exceeded a pre-specified threshold set by the company. The agency also approved the company's proposed amendments to the study, which included eliminating the requirement for prophylactic corticosteroids and increasing potential additional enrollment from up to three additional patients to up to six additional patients. BMRN complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=BMRN
Keryx Biopharma
Shares in Boston, Massachusetts headquartered Keryx Biopharmaceuticals Inc. ended the day 1.01% higher at $5.01, with a total trading volume of 1.59 million shares. In the last month, the stock has gained 8.68%. The Company's shares are trading above their 50-day moving average by 6.60%. Furthermore, shares of Keryx Biopharmaceuticals, which focuses on providing therapies for patients with renal disease in the US, have an RSI of 48.65. The complimentary report on KERX can be downloaded at: http://stock-callers.com/registration/?symbol=KERX
Puma Biotech
On Thursday, shares in Los Angeles, California headquartered Puma Biotechnology Inc. finished 0.66% lower at $56.09, with a total trading volume of 590,999 shares. The stock has soared 70.07% over the previous three months. The Company's shares are trading above their 200-day moving average by 28.75%. Additionally, shares of Puma Biotechnology, which focuses on the development and commercialization of products for the treatment of various forms of cancer, have an RSI of 42.02.
On September 20th, 2016, Puma Biotechnology announced that the US Food and Drug Administration (FDA) has accepted for review the New Drug Application (NDA) for its lead product candidate PB272 (neratinib) for the extended adjuvant treatment of patients with early stage HER2-overexpressed/amplified breast cancer who have received prior adjuvant trastuzumab (Herceptin®)-based therapy.
On September 22nd, 2016, research firm Credit Suisse reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $54 a share to $111 a share. Sign up for your complimentary research report on PBYI at: http://stock-callers.com/registration/?symbol=PBYI
Arrowhead Pharma
Pasadena, California headquartered Arrowhead Pharmaceuticals Inc.'s shares recorded a trading volume of 669,828 shares at the end of yesterday's session and closed the day at $6.95, gaining 1.91%. The stock has advanced 19.62% in the previous three months and 13.01% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 0.36% and 24.92%, respectively. Additionally, shares of Arrowhead Pharmaceuticals, which develops novel drugs to treat intractable diseases in the US, have an RSI at 48.68.
On October 6th, 2016, Arrowhead Pharma and Spring Bank Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of viral infections, cancer, and inflammatory diseases, announced an agreement to perform collaborative studies on Arrowhead's ARC-520 and Spring Bank's SB 9200, for the treatment of chronic Hepatitis B (HBV). The companies plan to first conduct preclinical models with both agents together and then study the agents clinically in a cohort to be added to Arrowhead's ongoing MONARCH Phase 2b study, in which patients will receive a dosing regimen that includes ARC-520, SB 9200, and an oral direct-acting antiviral. Get free access to your research report on ARWR at: http://stock-callers.com/registration/?symbol=ARWR
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