NEW YORK, November 11, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com reviews the performances of the following Generic Drugs companies: Ironwood Pharmaceuticals Inc. (NASDAQ: IRWD), Lannett Co. Inc. (NYSE: LCI), The Medicines Co. (NASDAQ: MDCO), and SCYNEXIS Inc. (NASDAQ: SCYX). According to a report released by IMARC Group last October, the U.S. generic market is expected to grow at a CAGR of 11% during 2016 to 2021, reaching figures worth $141.5 billion by 2021. Register now and get full and free access to our downloadable research reports on these stocks at:
Cambridge, Massachusetts headquartered Ironwood Pharmaceuticals Inc.'s stock finished Thursday's session 2.48% higher at $16.53. A total volume of 3.07 million shares was traded, which was above their three months average volume of 1.21 million shares. The Company's shares have advanced 14.87% in the past month, 23.73% in the previous three months, and 42.62% on an YTD basis. The stock is trading 14.53% and 34.19% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Ironwood Pharmaceuticals, which engages in the research, development, and commercialization of human therapeutic products, have a Relative Strength Index (RSI) of 72.89.
On November 03rd, 2016, Ironwood Pharmaceuticals reported that collaborative arrangements revenue was $66.1 million in Q3 2016 compared to $39.6 million in Q3 2015. Included in collaborative arrangements revenue was $60.0 million associated with Ironwood's share of the net profits from the sales of LINZESS in the U.S., up from $34.8 million in Q3 2015. The company's GAAP net loss was $33.2 million, or $0.23 per share, in the reported quarter compared to $47.4 million, or $0.33 per share, in Q3 2015.
On November 04th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $19 a share to $20 a share. Access our complete research report on IRWD for free at:
On Thursday, shares in Philadelphia, Pennsylvania-based Lannett Co. Inc. recorded a trading volume of 1.44 million shares, which was higher than their three months average volume of 1.28 million shares. The stock ended the session 10.10% higher at $22.35. The Company's shares are trading 10.27% below their 200-day moving average. Moreover, shares of Lannett, which develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the US, have an RSI of 48.52.
On November 03rd, 2016, Lannett reported that net sales increased 52% to $161.6 million for Q1 FY17 from $106.4 million in Q1 FY16. Gross profit as a percentage of net sales was 51% compared to 73% in Q1 FY16. Net loss attributable to Lannett was $29.4 million, or $0.80 per share, in Q1 FY 17 compared to net income attributable to Lannett of $33.2 million, or $0.89 per diluted share, for Q1 FY16. The complimentary research report on LCI can be downloaded at:
Shares in Parsippany, New Jersey-based The Medicines Co. closed the day 1.69% higher at $35.00. The stock recorded a trading volume of 1.66 million shares, which was higher than its three months average volume of 1.13 million shares. The Company's shares are trading 0.96% below their 200-day moving average. Additionally, shares of Medicines Co., which provides medicines for patients in acute and intensive care hospitals worldwide, have an RSI of 50.86.
On November 07th, 2016, Medicines Co. announced the immediate discontinuation of the clinical development program for MDCO-216, its investigational cholesterol efflux promoter. The company noted that data from the recently-completed MILANO-PILOT trial did not show drug effects on intracoronary atherosclerotic plaque sufficient to warrant further development. The safety profile of MDCO-216 was excellent.
On November 08th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $48 a share to $45 a share. Register for free on Stock-Callers.com and get access to the latest PDF format report on MDCO at:
At the close, shares in Jersey City, New Jersey headquartered SCYNEXIS Inc. ended at $3.61, jumping 6.80%. The stock recorded a trading volume of 681,630 shares. The Company's shares have surged 67.13% in the previous three months. The stock is trading above its 200-day moving average by 2.84%. Furthermore, shares of SCYNEXIS, which develops and commercializes novel anti-infectives to address unmet therapeutic needs, have an RSI of 54.45.
On October 20th, 2016, research firm H.C. Wainwright initiated a 'Buy' rating on the Company's stock, issuing a target price of $14 per share.
On November 07th, 2016, SCYNEXIS reported that loss from operations for Q3 2016 was $6.7 million compared to a loss from operations of $7.5 million for Q3 2015. Cash, cash equivalents, and investments totaled $58.4 million as of September 30th, 2016, including $15 million from the Solar Capital term loan. Download your free research report on SCYX at:
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