Biotech Stocks on Investors' Radar -- Eleven Biotherapeutics, CytRx, Celldex Therapeutics, and ACADIA Pharma

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Sep 14, 2016, 09:19 ET

NEW YORK, September 14, 2016 /PRNewswire/ --

Stock-Callers.com has uncovered research reports on the following Biotech companies: Eleven Biotherapeutics Inc. (NASDAQ: EBIO), CytRx Corp. (NASDAQ: CYTR), Celldex Therapeutics Inc. (NASDAQ: CLDX), and ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD). On Monday, September 13, 2016, the iShares NASDAQ Biotechnology ETF (IBB) rose 3%, which was its best day since late June. The IBB, however, is still down 19% in the past year. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration

Eleven Biotherapeutics

At the close on Tuesday, shares in Cambridge, Massachusetts-based Eleven Biotherapeutics Inc. saw a drop of 3.66%, ending the day at $4.21. The stock recorded a trading volume of 348,906 shares. The Company's shares have surged 85.46% in the previous three months and 39.87% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.97% and 117.38%, respectively. Moreover, shares of Eleven Biotherapeutics, which engages in the discovery and development of protein therapeutics to treat eye diseases primarily in the US, have a Relative Strength Index (RSI) of 46.84.

On August 16^th, 2016, Eleven Biotherapeutics (Eleven) announced the effectiveness of the exclusive licensing deal with F. Hoffmann-La Roche Ltd. and Hoffmann-La Roche Inc. (Roche). Eleven has granted Roche an exclusive, worldwide license to develop and commercialize EBI-031 and all other IL-6 antagonist antibody technology owned by Eleven. EBI-031 is currently in development for the treatment of ocular diseases. Eleven is entitled to receive $30 million in payments from Roche, including a $7.5 million upfront payment in connection with the effectiveness of the license agreement, and a $22.5 million milestone payment based on the Investigational New Drug application (IND) for EBI-031 becoming effective. Under the terms of the agreement, Eleven could receive up to an additional $240 million upon the achievement of certain future regulatory, development and commercialization milestones. EBIO complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=EBIO

CytRx

Shares in Los Angeles, California headquartered CytRx Corp. ended the day 3.18% lower at $0.57 and with a total trading volume of 1.37 million shares. The stock is trading below its 50-day moving average by 30.62%. Shares of the Company, which operates as a biopharmaceutical research and development company specializing in oncology, have an RSI of 43.82.

On September 7^th, 2016, CytRx announced that it has reached its enrollment target of 132 patients for the company's global Phase 2b clinical trial of aldoxorubicin in patients with previously treated small cell lung cancer (SCLC). The Phase 2b study is a randomized, comparative trial being conducted at 41 sites in the US, Hungary and Spain. Because of the unmet medical need for patients with second-line SCLC, if the global Phase 2b clinical trial results are positive, CytRx intends to meet with the US FDA to discuss the regulatory pathway for the submission of a New Drug Application for aldoxorubicin in this patient population. The complimentary report on CYTR can be downloaded at: http://stock-callers.com/registration/?symbol=CYTR

Celldex Therapeutics

On Tuesday, shares in Hampton, New Jersey headquartered Celldex Therapeutics Inc. finished 3.50% lower at $3.58 and with a total trading volume of 1.89 million shares. The stock is trading below its 50-day moving average by 15.80%. Shares of the Company, which develops, manufactures, and commercializes novel therapeutics for human health care in the US, have an RSI of 41.51.

On August 11^th, 2016, Celldex Therapeutics announced that the Company has promoted Elizabeth Crowley to the newly created position of Senior Vice President, Chief Product Development Officer. Ms. Crowley was previously Senior Vice President of Product Development of Celldex and brings almost 25 years of industry experience where she was responsible for leading the execution of multiple successful drug development programs. Sign up for your complimentary research report on CLDX at: http://stock-callers.com/registration/?symbol=CLDX

ACADIA Pharma

San Diego, California headquartered ACADIA Pharmaceuticals Inc.'s shares recorded a trading volume of 1.18 million shares at the end of yesterday's session and closed the day at $32.07, dropping 1.23%. The stock has advanced 2.23% in the last one month. The Company's shares are trading above their 200-day moving average by 5.99%. Additionally, shares of ACADIA Pharmaceuticals, which focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders, have an RSI at 47.62.

On August 23^rd, 2016, ACADIA announced the appointment of Todd S. Young as Executive Vice President, Chief Financial Officer, effective on August 22^nd, 2016. Mr. Young reports to Steve Davis, ACADIA's President and Chief Executive Officer. Mr. Young joins ACADIA from Baxalta Inc., where he served as Senior Vice President and Treasurer, and played an integral role as a business leader and in creating the initial capital structure of Baxalta. Get free access to your research report on ACAD at: http://stock-callers.com/registration/?symbol=ACAD

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