NEW YORK, December 1, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com brings focus back on the global Generic Drugs industry, which, as per market research firm - Technavio, is anticipated to grow at a CAGR of more than 10% from 2016 to 2020. Additionally, competition is expected to increase in the coming years as a number of pharmaceutical drugs are set to lose their patents during the forecasted period. Equities in today's lineup are: Mylan N.V. (NASDAQ: MYL), Horizon Pharma PLC (NASDAQ: HZNP), Allergan PLC (NYSE: AGN), and Catalent Inc. (NYSE: CTLT). Download the free research reports on these stocks today:
Shares in Hertfordshire, the UK-based Mylan N.V. ended Wednesday's session at $36.61, rising 1.53% from the last trading session. The stock recorded a trading volume of 5.52 million shares. The Company's shares have gained 0.30% in the last month. The stock is trading 3.38% below its 50-day moving average. Moreover, shares of Mylan, which together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide, have a Relative Strength Index (RSI) of 46.65.
On November 18th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $49 a share to $47 a share.
As per notes filed on November 29th, 2016 with the SEC, Mylan NV entered into a revolving credit agreement on November 22nd, 2016, among the Company, Mylan Inc., certain lenders and issuing banks and Bank of America, N.A. The New Senior Revolving Credit Agreement contains a revolving credit facility under which the Company may obtain extensions of credit in an aggregate principal amount not exceeding $2,000,000,000. Proceeds from the New Senior Revolving Facility will be used for working capital, capital expenditures, and other lawful corporate purposes. See our free and comprehensive research report on MYL at:
Dublin, Ireland headquartered Horizon Pharma PLC's stock saw a drop of 5.94%, closing the day at $19.80. A total volume of 5.14 million shares was traded, which was above their three months average volume of 3.03 million shares. The Company's shares have advanced 18.42% in the last month and 5.32% in the previous three months. The stock is trading 5.20% above its 50-day moving average and 10.53% above its 200-day moving average. Additionally, shares of Horizon Pharma, which engages in identifying, developing, acquiring, and commercializing medicines for the treatment of arthritis, pain, inflammatory, and/or orphan diseases in the US and internationally, have an RSI of 49.74.
On November 14th, 2016, Horizon Pharma announced that a retrospective analysis of data from previous pivotal, randomized KRYSTEXXA® clinical trials demonstrate that refractory chronic gout patients defined as "non-responders" based on serum uric acid levels in the trials still achieved significant clinical benefit despite a loss of response in uric acid levels.
On November 28th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. HZNP free research report PDF is just a click away at:
On Wednesday, shares in Dublin, Ireland headquartered Allergan PLC recorded a trading volume of 5.01 million shares, which was higher than their three months average volume of 4.58 million shares. The stock ended the day 0.86% higher at $194.30. The Company's shares are trading below their 50-day moving average by 10.96%. Furthermore, shares of Allergan, which develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide, have an RSI of 41.84.
On November 17th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $293 a share to $273 a share.
On November 22nd, 2016, Allergan announced that it has completed the acquisition of Chase Pharmaceuticals Corporation, a clinical-stage biopharmaceutical company focused on the development of improved treatments for neurodegenerative disorders including Alzheimer's disease. Allergan acquired Chase for an upfront payment of $125 million and additional potential regulatory and sales milestone payments related to Chase's lead compound, CPC-201, and certain backup compounds. Sign up for your complimentary report on AGN at:
Somerset, New Jersey headquartered Catalent Inc.'s stock saw a slight decline of 0.75%, finishing yesterday's session at $23.93 with a total trading volume of 839,573 shares. The Company's shares have advanced 4.91% in the last one month. The stock is trading below its 50-day moving average by 3.26%. Additionally, shares of Catalent, which provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products worldwide, have an RSI of 41.46.
On November 28th, 2016, Catalent announced that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., intends to offer, subject to market and other conditions, $400 million aggregate principal amount of euro-denominated senior unsecured notes due 2024 in a private offering. Register for free on Stock-Callers.com and download the latest research report on CTLT at:
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