Biotech Stocks Under Scanner -- Celsion, Achillion Pharma, Tenax Therapeutics, and Cerulean Pharma
NEW YORK, March 29, 2017 /PRNewswire/ --
Stock-Callers.com redirects investors' attention to the Biotech space, which is engaged in the research and development of new drugs, medical devices, and procedures. The industry also includes the manufacturing and marketing of drugs as a result of direct research and development. Equities under assessment this morning are: Celsion Corp. (NASDAQ: CLSN), Achillion Pharmaceuticals Inc. (NASDAQ: ACHN), Tenax Therapeutics Inc. (NASDAQ: TENX), and Cerulean Pharma Inc. (NASDAQ: CERU). You can access our complimentary research reports on these stocks now at:
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Celsion
Shares in Lawrenceville, New Jersey-based Celsion Corp. jumped 10.32%, ending Tuesday's trading session at $0.29. The stock recorded a trading volume of 3.93 million shares, which was higher than its three months average volume of 2.75 million shares. The Company's shares have surged 25.96% in the last month. The stock is trading 6.20% below its 50-day moving average. Moreover, shares of Celsion, which focuses on the development and commercialization of chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology, have a Relative Strength Index (RSI) of 52.30.
On March 16th, 2017, Celsion announced financial results for the year ended December 31st, 2016, and provided an update on its development programs for ThermoDox®. The Company reported a net loss of $22.1 million for the year, R&D costs of $14.6 million, and total operating expenses of $21.2 million. Visit us today and download your complete report on CLSN for free at:
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Achillion Pharma
New Haven, Connecticut headquartered Achillion Pharmaceuticals Inc.'s stock declined 2.57%, closing the day at $3.79 with a total trading volume of 920,943 shares. The Company's shares are trading 8.13% below their 50-day moving average. Shares of the Company, which discovers, develops, and commercializes small molecule drug therapies for infectious diseases and immune system disorders in the US and internationally, have an RSI of 41.80.
On March 21st, 2017, Achillion Pharmaceuticals announced that the US Patent and Trademark Office (USPTO) has issued the first US Patent to the Company resulting from its complement factor D research program. The USPTO has also issued Notices of Allowance of four additional US patent applications owned by Achillion, also with claims to compositions of matter, that are expected to issue as patents over the next few months. The complimentary research report on ACHN can be accessed at:
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Tenax Therapeutics
On Tuesday, shares in Morrisville, North Carolina headquartered Tenax Therapeutics Inc. recorded a trading volume of 278,244 shares. The stock ended the day 3.90% lower at $0.49. The Company's shares are trading below their 50-day moving average by 51.45%. Furthermore, shares of Tenax Therapeutics, which focuses on the development and commercialization of a portfolio of products for the critical care market in the US and Canada, have an RSI of 22.04.
On March 21st, 2017, Tenax Therapeutics announced financial results for the full year ended December 31st, 2016, and provided a corporate update. The Company reported a net loss of $44.0 million for the year, general and administrative expenses of $6.2 million, R&D expenses of $13.1 million, and a loss on impairment of assets of $33.3 million. Register for free on Stock-Callers.com and download the PDF research report on TENX at:
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Cerulean Pharma
Waltham, Massachusetts-based Cerulean Pharma Inc.'s stock jumped 5.07%, finishing yesterday's session at $0.73 with a total trading volume of 3.76 million shares. The Company's shares have advanced 2.37% on an YTD basis. The stock is trading below its 50-day moving average by 44.03%. Additionally, shares of Cerulean Pharma, which develops nanotechnology-based therapeutics in the areas of oncology and other diseases in the US, have an RSI of 39.29. Get free access to your research report on CERU at:
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