NEW YORK, July 26, 2016 /PRNewswire/ --
Biotech firms have been battling with clinical-trial costs, pricing issues, tight policies, and economic slowdowns. However, investors and analysts remain optimistic as M&A activities continue to drive industry growth, presenting buying opportunities and reasonable dividend yields. Stock-Callers.com evaluates these equities today: Mast Therapeutics Inc. (NYSE MKT: MSTX), ZIOPHARM Oncology Inc. (NASDAQ: ZIOP), Amicus Therapeutics Inc. (NASDAQ: FOLD), and Repros Therapeutics Inc. (NASDAQ: RPRX). Learn more about these stocks by accessing their freenotes at:
San Diego, California headquartered Mast Therapeutics Inc.'s stock finished Monday's session 4.59% lower at $0.42. A total volume of 3.58 million shares was traded, which was above their three months average volume of 2.91 million shares. The Company's shares have surged 31.19% in the previous three months. The stock is trading 3.91% and 10.96% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Mast Therapeutics, which develops therapies for serious or life-threatening diseases with significant unmet needs, have a Relative Strength Index (RSI) of 47.00.
As per the July 25th, 2016 dated notes filed with the SEC on July 22nd, 2016, Mast Therapeutics entered into an amendment to the Loan and Security Agreement, dated August 11th, 2015, with Hercules Technology III, L.P. and Hercules Capital, Inc. The Loan Agreement provides for a $15 million debt facility, $5 million of which was funded Mast Therapeutics in August 2015 and $10 million of which was funded to the Company in September 2015. As of July 25th, 2016, the principal balance of the loan was approximately $14.6 million.Under the Loan Agreement, on or before October 14th, 2016, the Company must demonstrate, positive results from its Phase 3 clinical study of vepoloxamer in patients with sickle cell disease, or prepay to Hercules $10 million of the principal balance of the loan and any accrued but unpaid fees and expenses (the "Second Advance Prepayment"), without any prepayment penalty. In the event that the Second Advance Prepayment Condition is not satisfied, the Second Advance Prepayment would be due on October 14, 2016. MSTX complete notes are just a click away at:
On Monday, shares in Boston, Massachusetts headquartered ZIOPHARM Oncology Inc. recorded a trading volume of 1.55 million shares and ended the session 3.79% higher at $4.66. The stock is trading 25.87% below its 50-day moving average. Shares of the Company have an RSI of 32.85.
On July 19th, 2016, ZIOPHARM Oncology provided an update regarding the Company's ongoing multicenter Phase I study of Ad-RTS-hIL-12 + orally administered veledimex in recurrent or progressive glioblastoma or grade III malignant glioma. The patient death resulting from intracranial hemorrhage in the third cohort of this Phase I study was deemed unrelated to study drug following the receipt and analysis of additional information by the sponsor and the study's Safety Review Committee.
On July 19th, 2016, research firm Mizuho reiterated its 'Neutral' rating with a decrease of the target price to $5 a share from $7 a share for the Company's stock.The complimentary notes on ZIOPcan be accessed at:
Shares in Cranbury, New Jersey headquartered Amicus Therapeutics Inc. closed the day flat at $6.00 with a total volume of 884,694 shares traded. The stock has gained 1.52% in the last month. The Company's shares are trading 4.34% below their 50-day moving average. Additionally, shares of Amicus Therapeutics, which focuses on the discovery, development, and commercialization of medicines for various rare and orphan diseases, have an RSI of 49.59.
On July 07th, 2016, Amicus Therapeutics, announced that it has expanded its biologics pipeline with a new preclinical program for cyclin-dependent kinase-like 5 deficiency, a rare and devastating genetic neurological disease for which there is no currently approved treatment. Sign up for your complimentary notes on FOLD at:
At the close, shares in The Woodlands, Texas-based Repros Therapeutics Inc. ended at $1.68, dropping 5.08%. The stock recorded a trading volume of 146,821 shares. The Company's shares have advanced 38.84% on an YTD basis and are trading below their 50-day moving average by 6.83%. Furthermore, shares of Repros Therapeutics, which focuses on the development of new drugs to treat hormonal and reproductive system disorders for male and female in the U.S., have an RSI of 47.11.
As per the notes filed with SEC on June 28th, at the 2016 Annual Meeting of Stockholders of Repros Therapeutics Inc., the stockholders of the Company voted on the election of six directors, the ratification and approval of the appointment of PricewaterhouseCoopers LLP as the Company's registered independent public accounting firm for the fiscal year ending December 31, 2016, and an advisory vote to approve, on an advisory basis, the compensation of the Company's named executive officers. Get free access to your notes on RPRX at:
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