NEW YORK, January 13, 2017 /PRNewswire/ --
This morning, Stock-Callers.com draws attention to three Biotech equities to see how they have fared at yesterday's closing bell: Clovis Oncology Inc. (NASDAQ: CLVS), Galena Biopharma Inc. (NASDAQ: GALE), and ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD). These companies harness cellular and biomolecular processes to develop technologies and products that combat debilitating and rare diseases, reduce our environmental footprint, feed the hungry, use less and cleaner energy, and provide safer, cleaner and more efficient industrial manufacturing processes. Download the free research reports on these stocks today:
Boulder, Colorado headquartered Clovis Oncology Inc.'s shares soared 8.43%, finishing Thursday's trading session at $53.49. A total volume of 3.46 million shares was traded, which was above their three months average volume of 2.09 million shares. The stock has advanced 43.37% in the past month, 63.68% in the previous three months, and 20.42% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 41.37% and 118.55%, respectively. Moreover, shares of Clovis Oncology, which focuses on acquiring, developing, and commercializing anti-cancer agents in the US, Europe, and internationally, have a Relative Strength Index (RSI) of 74.57.
On December 21st, 2016, research firm WallachBeth reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $22 a share to $49 a share.
On January 03rd, 2017, Clovis announced that it has commenced an underwritten public offering of shares of its common stock to raise aggregate proceeds of approximately $175 million. Clovis intends to use the net proceeds of the offering for general corporate purposes, including commercial planning and sales, and marketing expenses associated with the launch of Rubraca™ in the US and, if approved by the European Medicines Agency, in Europe, funding of its development programs, general and administrative expenses, acquisition or licensing of additional product candidates or businesses and working capital. See our free and comprehensive research report on CLVS at:
On Thursday, shares in San Ramon, California-based Galena Biopharma Inc. recorded a trading volume of 661,487 shares and the stock ended the session 5.45% lower at $1.91. The stock is trading 32.96% below its 50-day moving average. Shares of the Company, which focuses on developing and commercializing oncology therapeutics that address major unmet medical needs, have an RSI of 34.04.
On December 28th, 2016, Galena Biopharma announced that it has confirmed the regulatory pathway to advance GALE-401 into a pivotal, Phase 3 trial. After a productive meeting with the US FDA, the Company has confirmed the development program and proposed clinical trial are appropriate for a New Drug Application filing using the 505(b)(2) regulatory pathway. The Company expects to finalize the Phase-3 clinical trial protocol and initiate the trial in Q2, 2017. GALE free research report PDF is just a click away at:
At the closing bell yesterday, shares in San Diego, California headquartered ACADIA Pharmaceuticals Inc. ended 6.39% higher at $31.78. A total volume of 3.17 million shares was traded, which was above their three months average volume of 2.70 million shares. The stock has advanced 25.71% in the last one month, 23.27% in the previous three months, and 10.19% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 15.38% and 1.67%, respectively. Furthermore, shares of ACADIA Pharma, which focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders, have an RSI of 59.55.
On December 20th, 2016, ACADIA Pharma announced positive top-line results from its Phase II exploratory study (-019 Study) of pimavanserin in patients with Alzheimer's disease psychosis (AD Psychosis). Pimavanserin has been approved by the US FDA for hallucinations and delusions associated with Parkinson's disease psychosis, and it currently is being studied in several other disease states. Register for free on Stock-Callers.com and download the latest research report on ACAD at:
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