Biotech Stocks on Investors' Radar -- Ophthotech, Pacific Biosciences of California, PTC Therapeutics, and Portola Pharma

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May 23, 2017, 06:15 ET

NEW YORK, May 23, 2017 /PRNewswire/ --

Stock-Callers.com has initiated coverage on Ophthotech Corp. (NASDAQ: OPHT), Pacific Biosciences of California Inc. (NASDAQ: PACB), PTC Therapeutics Inc. (NASDAQ: PTCT), and Portola Pharmaceuticals Inc. (NASDAQ: PTLA). The Biotech arena includes companies, which produce medicines that have a biological basis. These firms also have high costs due to their focus on R&D as well as the length of time and difficulty in testing and creating new products. Learn more about these stocks by downloading their comprehensive and free reports at:

http://stock-callers.com/registration

Ophthotech

On Monday, shares in New York headquartered Ophthotech Corp. rose 2.03%, ending the day at $2.51. The stock recorded a trading volume of 698,249 shares. The Company's shares are trading below their 50-day moving average by 18.44%. Moreover, shares of Ophthotech, which develops novel therapeutics to treat diseases of the back of the eye, have a Relative Strength Index (RSI) of 35.77.

On May 03^rd, 2017, Ophthotech announced financial and operating results for Q1 ended March 31^st, 2017. Collaboration revenue was $1.7 million for the quarter; R&D expenses were $32 million; general and administrative expenses were $13.2 million; and net loss was $43.1 million. The Company also had $227.6 million in cash, cash equivalents, and marketable securities as of March 31^st, 2017. OPHT complete research report is just a click away and free at:

http://stock-callers.com/registration/?symbol=OPHT

Pacific Biosciences of California

Shares in Menlo Park, California headquartered Pacific Biosciences of California Inc. ended the day 1.79% lower at $3.83 with a total trading volume of 590,767 shares. Since the start of this year, the stock has gained 0.79% The Company's shares are trading below their 50-day moving average by 16.80%. Furthermore, shares of Pacific Biosciences of California, which designs, develops, and manufactures sequencing systems to resolve genetically complex problems, have an RSI of 35.01.

On April 26^th, 2017, the Company announced financial results for its Q1 ended March 31^st, 2017. Product and service revenue for the quarter was $24.9 million; gross profit was $8.9 million, resulting in a gross margin of 35.9%; operating expenses totaled $32.2 million; and net loss was $23.9 million. Additionally, cash, cash equivalents, and investments, excluding restricted cash, totaled $56.1 million at March 31^st, 2017. The complimentary report on PACB can be downloaded at:

http://stock-callers.com/registration/?symbol=PACB

PTC Therapeutics

At the close of trading on Monday, shares in South Plainfield, New Jersey headquartered PTC Therapeutics Inc. finished 1.40% lower at $13.41 with a total trading volume of 557,609 shares. The stock has advanced 17.94% in the last one month and 22.91% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 23.60% and 23.64%, respectively. Additionally, shares of PTC Therapeutics, which focuses on the discovery, development, and commercialization of orally administered, small molecule drugs that target post-transcriptional control processes, have an RSI of 68.85.

On May 19^th, 2017, PTC Therapeutics announced that on May 17^th, 2017, it approved non-statutory stock options to purchase 46,500 shares of its common stock to ten, new employees. The awards were made pursuant to the NASDAQ inducement grant exception as a component of the Company's new hires' employment compensation. Sign up for your complimentary research report on PTCT at:

http://stock-callers.com/registration/?symbol=PTCT

Portola Pharma

South San Francisco, California headquartered Portola Pharmaceuticals Inc.'s shares recorded a trading volume of 423,433 shares at the end of yesterday's session. The stock closed the day 1.16% lower at $38.43. The Company's shares have advanced 0.60% in the past month, 17.67% in the previous three months, and 71.26% on an YTD basis. The stock is trading above its 200-day moving average by 40.38%. Additionally, shares of Portola Pharma, which develops and commercializes therapeutics for patients in the areas of thrombosis, other hematologic disorders, and inflammation, have an RSI of 43.52.

On May 18^th, 2017, Portola Pharma announced that preclinical and clinical data on cerdulatinib in relapsed/refractory b-cell malignancies will be presented at the European Hematology Association, to be held from June 22^nd, 2017 to June 25^th, 2017 in Madrid, Spain. Cerdulatinib is an investigational oral, dual SYK/JAK kinase inhibitor in development to treat patients with resistant or relapsed hematologic cancers. Get free access to your research report on PTLA at:

http://stock-callers.com/registration/?symbol=PTLA

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