NEW YORK, August 26, 2016 /PRNewswire/ --
Stock-Callers.com has initiated research reports on the following Biotech companies: Progenics Pharmaceuticals Inc. (NASDAQ: PGNX), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), Agios Pharmaceuticals Inc. (NASDAQ: AGIO), and Cara Therapeutics Inc. (NASDAQ: CARA). On Wednesday, August 24, 2016, the iShares NASDAQ Biotechnology ETF (IBB) plummeted 3% after Democratic presidential candidate Hillary Clinton tweeted about the price hikes on EpiPens. Register now and get full and free access to our downloadable research reports on these stocks at:
On Thursday, shares in Tarrytown, New York-based Progenics Pharmaceuticals Inc. recorded a trading volume of 1.48 million shares. The stock ended the session 0.61% lower at $6.52. The Company's shares have gained 7.59% in the last one month, 36.69% in the previous three months, and 6.36% on an YTD basis. The stock is trading 16.37% above its 50-day moving average and 24.90% above its 200-day moving average. Moreover, shares of Progenics Pharmaceuticals, which develops medicines for oncology in the US and internationally, have a Relative Strength Index (RSI) of 57.05.
On August 4th, 2016, Progenics Pharmaceuticals announced that net loss attributable to the company for Q2 2016 was $5.6 million, or $0.08 per diluted share, compared to a net loss of $11.7 million, or $0.17 per diluted share, in Q2 2015. Progenics ended the quarter with cash and cash equivalents of $60.1 million, a decrease of $5.5 million in the quarter. The company's Q2 2016 revenue totaled $8.5 million, up from $1.9 million in Q2 2015, reflecting RELISTOR royalty income of $2.4 million compared to $1.8 million in the 2015 period, based on net sales reported to Progenics by Valeant. Access our complete research report on PGNX for free at:
Tustin, California headquartered Peregrine Pharmaceuticals Inc.'s stock closed the day 2.70% lower at $0.36 and with a total volume of 369,252 shares traded. Shares of the Company, which researches and develops monoclonal antibodies for the treatment of cancer in the US, are trading 5.66% below their 50-day moving average. The stock has an RSI of 46.47. The complimentary research report on PPHM can be downloaded at:
Shares in Cambridge, Massachusetts-based Agios Pharmaceuticals Inc. recorded a trading volume of 914,352 shares, which was higher than their three months average volume of 722,970 shares. The stock ended yesterday's trading session 1.14% lower at $38.08. The Company's shares are trading below their 50-day moving average by 11.63%. Furthermore, shares of Agios Pharmaceuticals, which engages in the discovery and development of medicines for the treatment of cancer and rare genetic metabolic disorders in the US, have an RSI of 36.96.
On August 16th, 2016, Agios Pharmaceuticals announced that Andrew Hirsch is joining the company as chief financial officer, effective September 19th, 2016. Mr. Hirsch has more than 20 years of experience in a range of strategic and operating roles in the biotechnology sector, most recently having served as president and chief executive officer of BIND Therapeutics. Register for free on Stock-Callers.com and get access to the latest PDF format report on AGIO at:
Shelton, Connecticut headquartered Cara Therapeutics Inc.'s stock finished Thursday's session 1.08% lower at $5.50 with a total volume of 660,318 shares traded. Shares of the Company, which focuses on developing and commercializing chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors in the US, are trading above their 50-day moving average by 0.17%. The stock has an RSI of 43.99.
On August 5th, 2016, Cara Therapeutics reported a net loss of $13.1 million, or $0.48 per basic and diluted share, for Q2 2016 compared to a net loss of $5.7 million, or $0.25 per basic and diluted share, for Q2 2015. The company recognized $79,000 of clinical compound revenue in Q2 2016 from the sale of clinical compound to Maruishi Pharmaceutical Company Ltd. For Q2 2015, collaborative revenue was $874,000, comprising revenue that had been deferred upon entry into the license agreement with Maruishi. As of June 30, 2016, cash and cash equivalents and marketable securities totaled $84.8 million compared to $106.7 million at December 31, 2015.
On August 08th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $27 a share to $23 a share. Download your free research report on CARA at:
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