How These Generic Drugs Stocks are Faring? -- Evoke Pharma, Neurocrine Biosciences, Lannett, and Catalent
NEW YORK, April 24, 2017 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com turns focus on the global Generic Drugs space, which was valued at around $228.8 billion in 2016. The biggest catalyst for growth is an increasing global pharmaceutical spending trend towards generics. For evaluation this morning are: Evoke Pharma Inc. (NASDAQ: EVOK), Neurocrine Biosciences Inc. (NASDAQ: NBIX), Lannett Co. Inc. (NYSE: LCI), and Catalent Inc. (NYSE: CTLT). Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Evoke Pharma
Solana Beach, California headquartered Evoke Pharma Inc.'s shares recorded a trading volume of 164,536 shares last Friday. The stock finished the trading session 5.41% lower at $2.45. The Company's shares have gained 7.36% over the previous three months and 21.29% since the start of this year. The stock is trading below its 200-day moving average by 5.15%. Furthermore, shares of Evoke Pharma, which focuses on the development of drugs for the treatment of gastroenterological disorders and diseases, have a Relative Strength Index (RSI) of 21.49.
On April 18th, 2017, Evoke Pharma announced that it has reached an agreement to work in partnership with Spaulding Clinical Research for its planned comparative exposure pharmacokinetic trial for its lead product candidate, Gimoti™, a patented nasal delivery formulation of metoclopramide for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in adult women. Access our complete research report on EVOK for free at:
http://stock-callers.com/registration/?symbol=EVOK
Neurocrine Biosciences
On Friday, San Diego, California headquartered Neurocrine Biosciences Inc.'s stock ended the session 0.80% lower at $51.10. A total volume of 882,404 shares was traded. The Company's shares have surged 22.48% in the last one month, 23.82% over the previous three months, and 32.04% on an YTD basis. The stock is trading 14.98% above its 50-day moving average and 10.97% above its 200-day moving average. Moreover, shares of Neurocrine Biosciences, which discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the US and internationally, have an RSI of 64.21.
On April 11th, 2017, Neurocrine Biosciences announced that the US FDA has approved INGREZZA™ (valbenazine) capsules for the treatment of adults with tardive dyskinesia (TD). INGREZZA, a novel, selective vesicular monoamine transporter 2 inhibitor, is the first and only FDA-approved product indicated for the treatment of adults with TD. The complimentary research report on NBIX can be downloaded at:
http://stock-callers.com/registration/?symbol=NBIX
Lannett
Philadelphia, Pennsylvania-based Lannett Co. Inc.'s stock ended the day 0.82% lower at $24.25 with a total trading volume of 372,656 shares. The Company's shares have gained 16.31% in the last month, 25.65% over the previous three months, and 9.98% on an YTD basis. The stock is trading 7.66% above its 50-day moving average. Additionally, shares of Lannett, which develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the US, have an RSI of 54.45.
On March 30th, 2017, Lannett announced that it voluntarily made a $25 million payment against its existing revolving credit facility. The payment, combined with the $75 million payment the Company made earlier this year in January, will save Lannett approximately $5.5 million in annualized cash interest expense at current rates. Register for free on Stock-Callers.com and get access to the latest PDF format report on LCI at:
http://stock-callers.com/registration/?symbol=LCI
Catalent
Shares in Somerset, New Jersey headquartered Catalent Inc. recorded a trading volume of 410,276 shares. The stock ended Friday's session 0.74% lower at $28.08. The Company's shares have gained 7.13% over the previous three months and 4.15% since the start of this year. The stock is trading above its 200-day moving average by 7.87%. Furthermore, shares of Catalent, which provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products worldwide, have an RSI of 48.47.
On April 17th, 2017, Catalent announced that it will release financial results for Q3 FY17 ended March 31st, 2017 after the market close on Thursday, May 04th, 2017. The Company's management will host a webcast to discuss the results at 4:45 p.m. ET on the same day. The webcast will be accessible on the Company's website. Download your free research report on CTLT at:
http://stock-callers.com/registration/?symbol=CTLT
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