NEW YORK, November 21, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com has initiated coverage on four Biotech equities: Novavax Inc. (NASDAQ: NVAX), Gilead Sciences Inc. (NASDAQ: GILD), Ariad Pharmaceuticals Inc. (NASDAQ: ARIA), and Exelixis Inc. (NASDAQ: EXEL). According to a Credit Suisse note posted by Barron's, investors are consistently becoming more bullish on the biotech sector under the Trump's administration based on potential for a favorable policy regarding offshore cash, and potential for decreased scrutiny on drug pricing. Learn more about these stocks by downloading their free research reports in PDF format at:
Last Friday at the close, shares in Gaithersburg, Maryland headquartered Novavax Inc. ended 1.53% lower at $1.29 with a total trading volume of 6.39 million shares. The stock is trading below its 50-day moving average by 44.18%. Shares of the Company, which focuses on discovering, developing, and commercializing recombinant nanoparticle vaccines and adjuvants, have a Relative Strength Index (RSI) of 38.53.
As per notes filed with the SEC on November 16th, 2016, the Compensation Committee of Novavax's Board of Dsirectors approved a form of incentive stock option agreement, which may be used for awards made under the Company's 2015 Stock Incentive Plan, as amended. The Form Incentive Stock Option Agreement provides for the grant of options to purchase the Company's common stock, subject to the performance- and time-based vesting conditions to be set forth in the applicable agreement. Sign up and read the free research report on NVAX at:
Foster City, California headquartered Gilead Sciences Inc.'s stock finished Friday's session 1.27% lower at $74.62 and with a total trading volume of 8.17 million shares. The Company's shares have advanced 0.42% in the last month. The stock is trading below its 50-day moving average by 2.17%. Additionally, shares of Gilead Sciences, which discovers, develops, and commercializes medicines in areas of unmet medical needs in North America, South America, Europe, and the Asia/Pacific, have an RSI of 44.52.
On November 14th, 2016, research firm Stifel initiated a 'Buy' rating on the Company's stock, issuing a target price of $100 per share.
On November 16th, 2016, Gilead Sciences announced top-line results from two Phase 3 clinical trials evaluating momelotinib, an investigational inhibitor of Janus kinase compared to ruxolitinib or best alternative therapy in patients with myelofibrosis. The SIMPLIFY-1 study achieved its pre-specified primary endpoint of non-inferiority to ruxolitinib for splenic response rate at Week 24, defined as the percentage of patients experiencing a ≥ 35% reduction in spleen volume. The complimentary research report on GILD can be downloaded at:
Shares in Massachusetts headquartered Ariad Pharmaceuticals Inc. ended the session 1.22% higher at $14.06 and with a total trading volume of 6.02 million shares. The stock has surged 30.43% in the past month, 33.14% in the previous three months, and 124.96% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 20.04% and 62.99%, respectively. Moreover, shares of Ariad Pharma, which engages in the discovery, development, and commercialization of drugs for cancer patients in the US and internationally, have an RSI of 69.50.
On November 03rd, 2016, research firm Deutsche Bank initiated a 'Hold' rating on the Company's stock, issuing a target price of $9.50 per share.
On November 16th, 2016, ARIAD Pharmaceuticals announced that clinical data on brigatinib, its investigational anaplastic lymphoma kinase inhibitor, will be presented at the International Association for the Study of Lung Cancer 17th World Conference on Lung Cancer being held in Vienna, December 4th to 7th, 2016. "ALTA data to be presented at the meeting will include approximately three months of additional follow-up as compared to the abstract," stated Timothy P. Clackson, Ph.D., president of research and development and chief scientific officer at ARIAD. Register for free on Stock-Callers.com and access the latest report on ARIA at:
South San Francisco, California headquartered Exelixis Inc.'s stock recorded a trading volume of 6.56 million shares, and closed 1.25% higher at $16.96. The Company's shares have gained 44.46% in the past month, 48.25% over the previous three months, and 200.71% since the start of this year. The stock is trading 30.55% above its 50-day moving average and 106.26% above its 200-day moving average. Additionally, shares of Exelixis, which engages in the discovery, development, and commercialization of new medicines with the potential to enhance care and outcomes for people with cancer, have an RSI of 74.42.
On November 03rd, 2016, Exelixis reported Q3 2016 total revenues were $62.2 million, compared to $9.9 million for Q3 2015. The company's net loss for Q3 2016 was ($11.3) million, or ($0.04) per share, compared to ($45.5) million, or ($0.21) per share, for Q3 2015.
On November 03rd, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $17 per share. Get free access to your research report on EXEL at:
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