NEW YORK, April 11, 2017 /PRNewswire/ --
Stock-Callers.com today observes the following Generic Drugs equities: Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE), Patheon N.V. (NYSE: PTHN), SCYNEXIS Inc. (NASDAQ: SCYX), and Flexion Therapeutics Inc. (NASDAQ: FLXN). According to a report on IBISWorld, the Generic Pharmaceutical Manufacturing industry exhibits a low level of concentration, with the top three companies accounting for 21.6% of industry revenue in 2017. Register now and get full and free access to our downloadable research reports on these stocks at:
On Monday, shares of Devon, Pennsylvania headquartered Zynerba Pharmaceuticals Inc. recorded a trading volume of 1.71 million shares, which was above their three months average volume of 464,070 shares. The stock ended at $24.78, soaring 12.18% from the last trading session. The Company's shares have surged 22.25% in the last one month, 37.06% over the previous three months, and 58.95% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 22.11% and 74.90%, respectively. Furthermore, shares of Zynerba Pharma, which focuses on developing and commercializing proprietary synthetic cannabinoid therapeutics formulated for transdermal delivery, have a Relative Strength Index (RSI) of 72.06.
On March 27th, 2017, Zynerba Pharma reported financial results for Q4 and year ended December 31st, 2016, and provided an overview of recent operational highlights. As of December 31, 2016, cash and cash equivalents totaled $31.0 million, while for Q4 2016, R&D expenses were $4.9 million, and net loss was $6.9 million. For the year ended December 31st, 2016, R&D expenses were $16.8 million and net loss was $23.4 million.
On March 28th, 2017, research firm H.C. Wainwright reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $22 a share to $30 a share. Access our complete research report on ZYNE for free at:
Amsterdam, the Netherlands-based Patheon N.V.'s stock finished yesterday's session 1.42% lower at $26.30 with a total trading volume of 319,959 shares. The Company's shares are trading below their 200-day moving average by 6.34%. Shares of the Company, which provides outsourced pharmaceutical development and manufacturing services, have an RSI of 34.46.
On March 17th, 2017, research firm Robert W. Baird downgraded the Company's stock rating from 'Outperform' to 'Neutral' while revising its previous target price from $34 a share to $28 a share.
On March 30th, 2017, Patheon announced that it has been cited once again as capturing the most outsourced new drug approvals (NDA) in the US than any other contract manufacturing organization in 2016. Key findings of the report include the Company receiving 17 out of 55 (30%) of all outsourced NDA approvals in 2016, and 112 new molecular entity (NME) and non-NME NDA approvals. The complimentary research report on PTHN can be downloaded at:
At the close of trading on Monday, shares in Jersey City, New Jersey headquartered SCYNEXIS Inc. rose 2.30%, ending the day at $2.67 with a total trading volume of 265,549 shares. The stock is trading 11.45% below its 50-day moving average. Shares of the Company, which develops and commercializes novel anti-infectives to address unmet therapeutic needs, have an RSI of 43.80.
On March 13th, 2017, SCYNEXIS reported financial results for the year ended December 31st, 2016, and provided an update on recent operational and clinical developments. For the full year 2016, cash and cash equivalents and short-term investments totaled $58.6 million; R&D expenses were $20.1 million; selling, general, and administrative expenses were $8.0 million; and loss from operations was $27.8 million. Register for free on Stock-Callers.com and get access to the latest PDF format report on SCYX at:
Burlington, Massachusetts headquartered Flexion Therapeutics Inc.'s shares ended the day 0.76% higher at $26.62 with a total trading volume of 276,154 shares. The stock has surged 28.41% in the last month, 34.65% over the previous three months, and 39.96% on an YTD basis. The Company's shares are trading 23.63% above their 50-day moving average and 41.06% above their 200-day moving average. Additionally, shares of Flexion Therapeutics, which focuses on the development and commercialization of anti-inflammatory and analgesic therapies for the treatment of patients with musculoskeletal conditions, have an RSI of 62.12.
On April 07th, 2017, Flexion Therapeutics announced that Yamo Deniz, MD, has been named Chief Medical Officer (CMO). This appointment strengthens the Company's leadership with an industry veteran who brings extensive experience leading medical and clinical development teams at major biotechnology and pharmaceutical companies. With the addition of Dr. Deniz, Neil Bodick, MD, PhD, co-founder of Flexion, will transition from his position as CMO and assume the role of Chief Scientific Officer. Download your free research report on FLXN at:
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