Technical Reports on Biotech Equities -- Jazz Pharma, Anthera Pharma, ProNAi Therapeutics, and AveXis
NEW YORK, December 7, 2016 /PRNewswire/ --
Today, Stock-Callers.com presents four Biotech equities for review, namely: Jazz Pharmaceuticals PLC (NASDAQ: JAZZ), Anthera Pharmaceuticals Inc. (NASDAQ: ANTH), ProNAi Therapeutics Inc. (NASDAQ: DNAI), and AveXis Inc. (NASDAQ: AVXS). From its peak in July 2015, the NASDAQ Biotechnology Sector Index fell roughly 37% to reach a level equal to what it saw at the start of 2014. While it is down by approximately 14% for the year, it has still out-performed other market sectors, beating the NASDAQ Composite by 86.3% and the S&P 500 by 175.6%. Additionally, the Biotech industry saw a roughly 12% increase in the third quarter of 2016. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
Jazz Pharma
On Tuesday, shares in Dublin, Ireland headquartered Jazz Pharmaceuticals PLC recorded a trading volume of 494,354 shares. The stock ended at $103.88, rising 2.22% from the last trading session. The Company's shares have gained 0.76% in the last month. The stock is trading below its 50-day moving average by 9.39%. Furthermore, shares of Jazz Pharma, which identifies, develops, and commercializes pharmaceutical products for various medical needs in the US, Europe, and internationally, have a Relative Strength Index (RSI) of 39.47.
On November 09th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $185 a share to $127 a share.
On November 28th, 2016, Jazz Pharmaceuticals announced that patient enrollment has been completed in its Phase 3 study evaluating JZP-110 in excessive sleepiness (ES) associated with narcolepsy. The Phase 3 narcolepsy study was a double-blind, placebo-controlled, multiple-center study evaluating the safety and efficacy of JZP-110 in the treatment of ES in adult patients with narcolepsy. The study enrolled 240 patients. Visit us today and access our complete research report on JAZZ at:
http://stock-callers.com/registration/?symbol=JAZZ
Anthera Pharma
Hayward, California headquartered Anthera Pharmaceuticals Inc.'s stock finished yesterday's session 2.00% lower at $1.47 with a total trading volume of 319,626 shares. Shares of the Company, which focuses on the development and commercialization of medicines for patients with unmet medical needs, are trading below their 50-day moving average by 39.57%. The stock has an RSI of 28.90.
On December 06th, 2016, Anthera Pharma's Board of Directors announced that J. Craig Thompson has been promoted to CEO. The company stated that Paul Truex has stepped down from the CEO role and been appointed to the newly created role of Executive Chairman, where he will assume the responsibilities of the Chairman of the Board and continue to provide guidance to Anthera's senior executive team. The complimentary report on ANTH can be downloaded at:
http://stock-callers.com/registration/?symbol=ANTH
ProNAi Therapeutics
At the closing bell on Tuesday, shares in Vancouver, Canada headquartered ProNAi Therapeutics Inc. rose 3.38%, ending the day at $1.53. The stock recorded a trading volume of 1.54 million shares, which was above its three months average volume of 593,000 shares. The Company's shares have advanced 7.75% in the last one month. The stock is trading 5.06% below its 50-day moving average. Moreover, shares of ProNAi Therapeutics, which develops and commercializes drugs based on its DNA interference (DNAi) technology platform for patients with cancer and hematological malignancies, have an RSI of 54.80.
On November 10th, 2016, ProNAi reported a net loss of $15.2 million for Q3 2016 compared to a net loss of $18.5 million for Q3 2015. At September 30th, 2016, ProNAi had $122.7 million in cash and cash equivalents compared to $150.2 million in cash and cash equivalents at December 31st, 2015. The company's Research and development expenses increased to $12.3 million for Q3 2016 from $8.3 million for Q3 2015. Register for free on Stock-Callers.com and access the latest research report on DNAI at:
http://stock-callers.com/registration/?symbol=DNAI
AveXis
Bannockburn, Illinois headquartered AveXis Inc.'s stock ended the day 1.40% higher at $54.19 with a total trading volume of 275,634 shares. The Company's shares have surged 53.04% over the previous three months and 204.44% on an YTD basis. The stock is trading 2.22% above its 50-day moving average and 41.58% above its 200-day moving average. Additionally, shares of AveXis, which engages in developing and commercializing novel treatments for patients suffering from rare and life-threatening neurological genetic diseases, have an RSI of 43.47.
On November 10th, 2016, AveXis posted Q3 2016 net loss of $21.1 million, or $0.87 per share, compared to a net loss of $9.9 million, or $1.32 per share, for Q3 2015. As of September 30th, 2016, AveXis had $263.6 million in cash and cash equivalents. The company's research and development expenses were $14.1 million for Q3 2016, compared to $6.3 million for Q3 2015.
On November 14th, 2016, research firm Stifel initiated a 'Hold' rating on the Company's stock, issuing a target price of $65 per share. Get free access to your research report on AVXS at:
http://stock-callers.com/registration/?symbol=AVXS
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