NEW YORK, October 5, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com closely evaluates the most recent performances of the following U.S. Generic Drugs equities: SCYNEXIS Inc. (NASDAQ: SCYX), Supernus Pharmaceuticals Inc. (NASDAQ: SUPN), Lipocine Inc. (NASDAQ: LPCN), and Carbylan Therapeutics Inc. (NASDAQ: CBYL). According to a report released by ReportsnReports in May 2016, the global generic drugs market is expected to grow at a CAGR of 10.53% from 2016 to 2020. These stocks research reports can be downloaded now by simply registering for free at: http://stock-callers.com/registration
On Tuesday, shares in Jersey City, New Jersey headquartered SCYNEXIS Inc. recorded a trading volume of 576,451 shares. The stock ended the day at $4.49, which was a drop of 1.32%. The Company's shares have surged 62.68% in the last one month and 99.56% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 58.64% and 20.12%, respectively. Furthermore, shares of SCYNEXIS, which develops and commercializes novel anti-infectives to address unmet therapeutic needs, have a Relative Strength Index (RSI) of 75.30.
On August 24th, 2016, SCYNEXIS announced that the US FDA has granted orphan drug designation to the company's novel triterpenoid broad-spectrum antifungal agent, SCY-078, for the treatment of invasive Aspergillus infections. The orphan drug designation of SCY-078 provides seven years of market exclusivity in the U.S. following FDA approval of an NDA for the orphan designated indication.
On October 3rd, 2016, research firm Brean Capital resumed its 'Buy' rating on the Company's stock. Your complete research report on SCYX can be retrieved for free at: http://stock-callers.com/registration/?symbol=SCYX
Rockville, Maryland-based Supernus Pharmaceuticals Inc.'s stock finished yesterday's session 0.97% lower at $23.52 with a total trading volume of 493,989 shares. The Company's shares have gained 7.06% in the last one month, 8.99% over the previous three months, and 75.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.84% and 32.78%, respectively. Furthermore, shares of Supernus Pharmaceuticals, which focuses on the development and commercialization of products for the treatment of central nervous system diseases in the US, have an RSI of 44.98. SUPN free report is just a click away at: http://stock-callers.com/registration/?symbol=SUPN
At the closing bell on Tuesday, shares in Salt Lake City, Utah headquartered Lipocine Inc. saw a decline of 6.39%, ending the day at $4.25. The stock recorded a trading volume of 158,117 shares. The Company's shares have advanced 22.13% in the last one month and 32.81% over the previous three months. The stock is trading 13.28% above its 50-day moving average. Moreover, shares of Lipocine, which develops pharmaceutical products using its oral drug delivery technology in the areas of men's and women's health, have an RSI of 57.78.
On September 26th, 2016, Lipocine reported positive top-line results from a Phase 2b clinical study of LPCN 1111, a novel oral testosterone replacement therapy product candidate. The primary objectives of the study were to determine the Phase 3 dose of LPCN 1111 along with the safety and tolerability of LPCN 1111 and its metabolites following oral administration of single and multiple doses in hypogonadal males. Results of the Phase 2b study suggest that the primary objectives were met. Sign up for your complimentary research report on LPCN at: http://stock-callers.com/registration/?symbol=LPCN
Palo Alto, California headquartered Carbylan Therapeutics Inc.'s stock ended the day 3.84% higher at $0.47 with a total trading volume of 230,894 shares. Shares of the Company, which focuses on the development and commercialization of novel and proprietary combination therapies, are trading 7.67% below their 50-day moving average. The stock has an RSI of 47.27.
As per notes filed with the SEC on September 30th, 2016, the company noted that on September 26th, 2016, a purported stockholder class action complaint was filed in the Superior Court of the State of California in and for the County of Alameda against Carbylan Therapeutics, Inc. the members of the board of directors of Carbylan, as well as against KalVista Pharmaceuticals Ltd., Wedbush Securities Inc. and certain unknown employees of Wedbush. The complaint alleges that the members of Carbylan's board of directors and/or Carbylan breached their fiduciary duties of care, good faith, loyalty and/or disclosure in connection with the Share Purchase Agreement, dated as of June 15th, 2016, by and among Carbylan, KalVista, and the shareholders of KalVista, and that KalVista and Wedbush aided and abetted such breaches of fiduciary duties. The complaint seeks to enjoin and/or rescind any transaction with KalVista as well as certain other equitable relief, unspecified damages and attorneys' fees and costs. Carbylan believes this lawsuit is without merit and intends to vigorously defend against it.
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