NEW YORK, November 14, 2016 /PRNewswire/ --
This morning, Stock-Callers.com draws investors' attention back to the following Biotech equities: Alnylam Pharmaceuticals Inc. (NASDAQ: ALNY), Cara Therapeutics Inc. (NASDAQ: CARA), Emergent BioSolutions Inc. (NYSE: EBS), and Alder Biopharmaceuticals Inc. (NASDAQ: ALDR). Over the past week, the iShares Nasdaq Biotechnology ETF jumped 17.4%, but is still down 14.2% year-to-date. Learn more about these stocks by downloading their free report at:
Last Friday, shares in Massachusetts headquartered Alnylam Pharmaceuticals Inc. ended the session 1.70% higher at $46.54. The stock recorded a trading volume of 1.21 million shares. The Company's shares have advanced 28.67% in the last month and are trading 14.12% below their 50-day moving average. Moreover, shares of Alnylam Pharma, which discovers, develops, and commercializes novel therapeutics based on RNA interference, have a Relative Strength Index (RSI) of 56.67.
On November 10th, 2016, research firm Leerink Partners resumed its 'Market Perform' rating on the Company's stock.
On November 13th, 2016, Alnylam Pharma and The Medicines Co. announced that results from the Phase 1 study of inclisiran (in-CLEE-si-ran), the recommended International Nonproprietary Name (INN) for ALN-PCSsc, were published in The New England Journal of Medicine (NEJM). Results from the study showed doses ≥300 mg (single or multiple doses) significantly reduced PCSK9 and LDL cholesterol for at least 6 months. Moreover, inclisiran was found to be generally well tolerated. The free research report on ALNY is available at:
Cara Therapeutics Inc.'s shares slid 1.97%, to close the day at $9.44 with a total trading volume of 1.14 million shares. The stock has advanced 16.69% in the past month and 43.90% over the previous three months. The Company's shares are trading 26.74% above their 50-day moving average and 47.62% above their 200-day moving average. Additionally, shares of Cara Therapeutics, which focuses on developing and commercializing chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors in the US, have an RSI of 65.54.
On October 13th, 2016, research firm H.C. Wainwright initiated a 'Buy' rating on the Company's stock, issuing a target price of $20 per share.
On November 03rd, 2016, Cara Therapeutics reported a net loss of $11.5 million, or $0.42 per basic and diluted share, for Q3 2016 compared to a net loss of $4.8 million, or $0.19 per basic and diluted share, for Q3 2015. The Company did not recognize any revenue during Q3 2016, while total revenue recognized during Q3 2015 was $2.4 million, including $1.7 million of license and milestone fees revenue and $730,000 of collaborative revenue. Research and Development expenses were $9.7 million in Q3 2016 compared to $5.6 million in Q3 2015. The complimentary report on CARA can be downloaded at:
Shares in Maryland headquartered Emergent BioSolutions Inc. recorded a trading volume of 540,897 shares at the close of the last trading session, which was above their three months average volume of 464,780 shares. The stock ended the day 0.98% higher at $30.90. The Company's shares have advanced 2.35% in the last one month and 12.69% in the previous three months. The stock is trading above its 50-day moving average by 8.71%. Furthermore, shares of Emergent BioSolutions, which develops, manufactures, and sells specialized products to healthcare providers and governments in the US and internationally, have an RSI of 64.60.
On November 08th, 2016, Emergent BioSolutions announced the appointment of Kathryn C. Zoon, Ph.D. to its Board of Directors. Dr. Zoon is currently a Scientist Emeritus with the National Institute of Allergy and Infectious Diseases at the National Institutes of Health. Dr. Zoon's affiliation with NIH spans four decades. Dr. Zoon also spent 23 years at the U.S. FDA. Visit us today and download our complete research report on EBS for free at:
Washington headquartered Alder Biopharmaceuticals Inc.'s stock finished Friday's session 5.93% higher at $32.15. A total volume of 700,885 shares was traded, which was higher than their three months average volume of 567,940 shares. The Company's shares have advanced 14.09% in the last one month and 2.91% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 7.38% and 19.38%, respectively. Furthermore, shares of Alder Biopharma, which discovers, develops, and commercializes therapeutic antibodies in the US and Australia, have an RSI of 63.10.
On October 27th, 2016, Alder Biopharmaceuticals for Q3 2016 did not record any revenues. Research and development expenses for Q3 2016 totaled $29.5 million compared to $22.9 million for Q3 2015. Net loss totaled $35.1 million, or $0.70 per share, for Q3 2016 compared to a net loss of $27.0 million, or $0.62 per share, on a fully-diluted basis, for Q3 2015.
On November 07th, 2016, research firm Aegis Capital initiated a 'Buy' rating on the Company's stock. Get free access to your technical report on ALDR at:
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