Technical Reports on Biotech Stocks -- ContraVir Pharma, Arena Pharma, Neuralstem, and CTI BioPharma
NEW YORK, January 17, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Biotechnology industry to see how some equities have fared over the past few trading sessions. Under evaluation are ContraVir Pharmaceuticals Inc. (NASDAQ: CTRV), Arena Pharmaceuticals Inc. (NASDAQ: ARNA), Neuralstem Inc. (NASDAQ: CUR), and CTI BioPharma Corp. (NASDAQ: CTIC). These stocks belong to the Healthcare sector, which traded slightly higher late Friday, January 13th, 2017, with the NYSE Health Care Index rising about 0.2%, while shares of health care companies in the S&P 500 were up only 0.1% as a group. Download the free research reports on these stocks today:
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ContraVir Pharma
Edison, New Jersey headquartered ContraVir Pharmaceuticals Inc.'s stock finished last Friday's session 1.32% lower at $1.50. A total volume of 223,457 shares was traded. The Company's shares have advanced 10.29% in the previous three months and 25.00% since the start of this year. The stock is trading above its 200-day moving average by 15.78%. Additionally, shares of ContraVir Pharmaceuticals, which operates as a biopharmaceutical company focused on the development of antiviral drugs with a primary emphasis on the treatment of Hepatitis B virus infections, have a Relative Strength Index (RSI) of 46.08.
On January 03rd, 2017, ContraVir Pharma announced that it was awarded a $297,875 CAD research grant from the National Research Council in Canada through the Council's Industrial Research Assistance Program. Proceeds from the grant will fund a substantial portion of personnel expenses, including the hiring of additional laboratory staff, which is expected to advance preclinical development of ContraVir's potent cyclophilin inhibitor CRV431 for the Treatment of Hepatitis B. See our free and comprehensive research report on CTRV at:
http://stock-callers.com/registration/?symbol=CTRV
Arena Pharma
On Friday, shares in San Diego, California-based Arena Pharmaceuticals Inc. ended the session 2.07% lower at $1.42. The stock recorded a trading volume of 1.96 million shares, which was higher than its three months average volume of 1.57 million shares. The Company's shares are trading 4.49% below their 50-day moving average. Moreover, shares of Arena Pharma, which discovers, develops, and commercializes novel drugs that target G protein-coupled receptors to address unmet medical needs in the US and South Korea, have an RSI of 42.77.
On January 05th, 2017, Eisai Co., Ltd announced that, in association with its US pharmaceutical subsidiary Eisai Inc., it has reached an agreement with Arena Pharma to revise the November 2013 marketing and supply agreement it concluded with Arena's wholly owned subsidiary, Arena Pharmaceuticals GmbH, for the chronic weight management treatment lorcaserin hydrochloride (generic name, US brand name: BELVIQ / BELVIQ XR). Under the new agreement, Eisai acquires all of Arena's rights to develop and market BELVIQ. The previously negotiated financial terms such as purchase price based on net sales and regulatory and sales milestones to Arena have also been reduced and modified. ARNA free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=ARNA
Neuralstem
Germantown, Maryland headquartered Neuralstem Inc.'s shares dropped 3.21%, closing the session at $4.22 with a total trading volume of 259,997 shares. The stock has surged 1407.14% in the last one month, 1261.29% over the previous three months, and 539.39% on an YTD basis. The Company's shares are trading 568.36% above their 50-day moving average. Additionally, shares of Neuralstem, which focuses on the research, development, and commercialization of central nervous system therapies based on its proprietary human neuronal stem cells and stem-cell derived small molecule compounds, have an RSI of 72.70.
On January 06th, 2017, Neuralstem announced a reverse stock split of its shares of common stock at a ratio of 1-for-13. The reverse stock split will become effective on January 06th, 2017 after market close. The reverse stock split enables Neuralstem to regain compliance with the $1.00 minimum bid price condition and thereby fulfill all of the NASDAQ Capital Market continued listing requirements. Sign up for your complimentary report on CUR at:
http://stock-callers.com/registration/?symbol=CUR
CTI BioPharma
Last Friday at the close, Seattle, Washington headquartered CTI BioPharma Corp.'s stock recorded a trading volume of 340,521 shares, and ended the session 4.44% higher at $5.64. The Company's shares have skyrocketed 1,047.74% in the past month, 1,386.56% over the previous three months, and 1,283.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 390.95% and 848.78%, respectively. Furthermore, shares of CTI BioPharma, which engages in the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the US and internationally, have an RSI of 87.23.
On January 05th, 2017, CTI BioPharma announced that the full clinical hold (February 2016) implemented by the US FDA on all clinical trials conducted under the Investigational New Drug application for pacritinib has now been removed. The Company expects to start the trial in Q2 2017. Register for free on Stock-Callers.com and download the latest research report on CTIC at:
http://stock-callers.com/registration/?symbol=CTIC
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