Quotidian Technical Highlights on Selected Drug Makers Stocks -- Depomed, DURECT, Endo, and Ionis Pharma
Mar 26, 2018, 06:45 ET
NEW YORK, March 26, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on DEPO, DRRX, ENDP, and IONS which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com has selected the following Drug Manufacturers stocks for review: Depomed Inc. (NASDAQ: DEPO), DURECT Corp. (NASDAQ: DRRX), Endo International PLC (NASDAQ: ENDP), and Ionis Pharmaceuticals Inc. (NASDAQ: IONS). Companies in the Pharmaceutical Manufacturing industry manufacture and process pharmaceutical products. They focus on the most profitable markets, where demand for treatment is high. All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Depomed
Newark, California headquartered Depomed Inc.'s shares recorded a trading volume of 592,540 shares last Friday. The stock finished the trading session 4.24% lower at $6.32. The Company's shares are trading below their 50-day moving average by 12.85%. Furthermore, shares of Depomed, which engages in the development, sale, and licensing of products for pain and other central nervous system conditions in the US, have a Relative Strength Index (RSI) of 34.25.
On March 19th, 2018, Depomed announced that the Company has signed a lease for its new corporate headquarters at 100 South Saunders Road in Lake Forest, Illinois, a northern Chicago suburb. The Company anticipates the new headquarters, located in the Landmark Conway Farms complex, to be operational in the third quarter of the calendar year. Get the full research report on DEPO for free by clicking below at:
www.wallstequities.com/registration/?symbol=DEPO
DURECT
On Friday, Cupertino, California headquartered DURECT Corp.'s stock ended the session 0.45% higher at $2.24. A total volume of 1.95 million shares was traded, which was above their three months average volume of 876,330 shares. The Company's shares have surged 100.00% in the last month, 124.56% over the previous three months, and 134.70% over the past year. The stock is trading 62.86% above its 50-day moving average and 59.98% above its 200-day moving average. Moreover, shares of DURECT, which researches and develops medicines based on its epigenetic regulator and drug delivery programs, have an RSI of 91.39.
On March 06th, 2018, research firm H.C. Wainwright upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $3.50 per share.
On March 20th, 2018, DURECT announced that its licensee, Pain Therapeutics, reported on March 19th, 2018, that the US FDA will hold an Advisory Committee Meeting to discuss the New Drug Application (NDA) for REMOXY ER (extended release oxycodone CII). The tentative date for the Advisory Committee Meeting is June 26th, 2018. The Prescription Drug User Fee Act target date for the REMOXY ER NDA is August 07th, 2018. The free technical report on DRRX can be accessed at:
www.wallstequities.com/registration/?symbol=DRRX
Endo International
Dublin, Ireland headquartered Endo International PLC's stock ended the day 3.14% lower at $5.86 with a total trading volume of 3.76 million shares. The stock is trading 15.31% below their 50-day moving average. Shares of the Company, which manufactures and sells generic and branded pharmaceuticals in the US, Canada, and internationally, have an RSI of 30.53.
On February 28th, 2018, research firm Gabelli & Co downgraded the Company's stock rating from 'Buy' to 'Hold'.
On March 01st, 2018, Endo International announced that its subsidiaries, Par Pharmaceutical, Inc. and Par Sterile Products, LLC (Par), have obtained a preliminary injunction preventing QuVa Pharma, Inc. from marketing and releasing its planned vasopressin product that would compete with Par's Vasostrict®, the first and only vasopressin injection, USP, product approved by the US FDA. Sign up for free on Wall St. Equities and claim the latest report on ENDP at:
www.wallstequities.com/registration/?symbol=ENDP
Ionis Pharmaceuticals
Shares in Carlsbad, California headquartered Ionis Pharmaceuticals Inc. recorded a trading volume of 1.01 million shares, which was above their three months average volume of 978,630 shares. The stock ended Friday's session 5.99% lower at $47.74. The Company's shares have gained 25.86% over the past year. The stock is trading below its 50-day moving average by 6.84%. Furthermore, shares of Ionis Pharma, which focuses on developing drugs for patients with severe and rare diseases, have an RSI of 37.12.
On March 15th, 2018, Ionis Pharma (IONS) and Akcea Therapeutics, Inc. (AKCA) announced an exclusive, worldwide license by the former to the latter for inotersen and AKCEA-TTR-LRx, formerly IONIS-TTR-LRx, in a transaction potentially worth up to approximately $1.7 billion to IONS plus profit sharing payments. The newly combined AKCA's team is preparing to launch inotersen in the US and EU following planned approvals in mid-2018 to treat people with hereditary transthyretin amyloidosis, or hATTR, a systemic, progressive, and fatal disease. See the free research coverage on IONS at:
www.wallstequities.com/registration/?symbol=IONS
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