How These Biotech Stocks are Faring? -- Biogen, Juno Therapeutics, Regeneron Pharma, and ProNAi Therapeutics
NEW YORK, October 18, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com takes a closer look at four Biotech equities, namely: Biogen Inc. (NASDAQ: BIIB), Juno Therapeutics Inc. (NASDAQ: JUNO), Regeneron Pharmaceuticals Inc. (NASDAQ: REGN), and ProNAi Therapeutics Inc. (NASDAQ: DNAI). According to IBISWorld's May 2016 market research report, the global biotechnology industry's contribution to the overall global economy is expected to grow 3.5% per year on average during the ten years to 2021 - slightly higher than the annualized global GDP growth of 2.7% over the same period. Register now and get full and free access to our downloadable research reports on these stocks at:
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Biogen
Shares in Cambridge, Massachusetts headquartered Biogen Inc. ended Monday's session at $291.67, rising 0.40%. The stock recorded a trading volume of 1.21 million shares. The Company's shares have gained 12.26% in the previous three months. The stock is trading 5.55% above its 200-day moving average. Moreover, shares of Biogen, which discovers, develops, manufactures, and delivers therapies for the treatment of neurodegenerative diseases, hematologic conditions, and autoimmune disorders, have a Relative Strength Index (RSI) of 35.25.
On October 8th, 2016, new data from the clinical program for nusinersen, an investigational treatment for spinal muscular atrophy (SMA), were presented by Biogen and Ionis Pharmaceuticals at the 2016 World Muscle Society Congress in Granada, Spain. The presentations included safety results from the interim analysis of the Phase 3 ENDEAR study in infantile-onset, encouraging preliminary results from NURTURE, a Phase 2 open-label study in pre-symptomatic infants, and a recent analysis of the ongoing Phase 2 open-label study in patients with later-onset SMA. Biogen has completed the rolling submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for the approval of nusinersen. Access our complete research report on BIIB for free at:
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Juno Therapeutics
Seattle, Washington headquartered Juno Therapeutics Inc.'s stock saw a drop of 2.93%, closing the day at $27.17 with a total trading volume of 926,642 shares. Shares of the Company, which engages in developing cell-based cancer immunotherapies, are trading 11.18% below their 50-day moving average. The stock has an RSI of 38.42. The complimentary research report on JUNO can be downloaded at:
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Regeneron Pharma
On Monday, shares in Tarrytown, New York headquartered Regeneron Pharmaceuticals Inc. recorded a trading volume of 498,012 shares, and ended the day 1.33% lower at $366.73. The stock is trading below its 200-day moving average by 8.17%. Shares of the Company, which discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions worldwide, have an RSI of 31.32.
On October 17th, 2016, Regeneron Pharmaceuticals and Teva Pharmaceutical Industries Ltd. provided an update on fasinumab. The U.S. FDA has placed the Phase 2b study in chronic low back pain on clinical hold and requested an amendment of the study protocol after observing a case of adjudicated arthropathy in a patient receiving high dose fasinumab who had advanced osteoarthritis at study entry. As a result of the FDA's decision, Regeneron completed an unplanned interim review of results and has stopped dosing in the study. The unplanned analysis showed clear evidence of efficacy with improvement in pain scores in all fasinumab groups compared to placebo at the 8- and 12-week time points. Based on these results, Regeneron and Teva plan to design a pivotal Phase 3 study in chronic low back pain that excludes patients with advanced osteoarthritis. The companies plan to submit a pivotal program plan for review with the FDA and other health authorities. Register for free on Stock-Callers.com and get access to the latest PDF format report on REGN at:
http://stock-callers.com/registration/?symbol=REGN
ProNAi Therapeutics
Vancouver, Canada headquartered ProNAi Therapeutics Inc.'s stock declined 2.78%, finishing yesterday's session at $1.75 and with a total trading volume of 738,881 shares. Shares of the Company, which develops and commercializes drugs based on its DNA interference technology platform for patients with cancer and hematological malignancies, are trading below their 50-day moving average by 6.54%. The stock has an RSI of 39.49.
On September 27th, 2016, ProNAi Therapeutics announced that it has obtained an exclusive license from CRT Pioneer Fund L.P. for worldwide rights to develop and commercialize PNT737, a highly selective, orally available, small molecule inhibitor of Checkpoint kinase 1. Under the terms of the agreement, ProNAi will pay CRT Pioneer Fund an upfront payment of US$7.0 million. ProNAi will take on sponsorship and management of the clinical development of the agent from Cancer Research UK's Centre for Drug Development and pay a fee of up to $2.0 million upon the successful transfer of the two ongoing Phase 1 clinical trials to the Company. Additional payments in the aggregate amount of up to US$319.5 million may become payable upon achievement of certain development, regulatory, and commercial milestones. Download your free research report on DNAI at:
http://stock-callers.com/registration/?symbol=DNAI
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