Technical Research on Biotech Equities -- Celsion, Sarepta Therapeutics, BioMarin Pharma, and ContraVir Pharma
NEW YORK, June 23, 2017 /PRNewswire/ --
If you want a Stock Review on CLSN, SRPT, BMRN or CTRV then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. For today, DailyStockTracker.com has issued research reports on Celsion Corp. (NASDAQ: CLSN), Sarepta Therapeutics Inc. (NASDAQ: SRPT), BioMarin Pharmaceutical Inc. (NASDAQ: BMRN), and ContraVir Pharmaceuticals Inc. (NASDAQ: CTRV). According to an article on Seeking Alpha, it views Biotech companies as potential drivers of above-average, long-term earnings growth, whose multiples have been compressed by increased scrutiny of drug pricing. Despite recent weakness, three of the four trends that powered the biopharmaceutical bull market from 2011 to 2015 remain in place today. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
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Celsion
On Thursday, shares in Lawrenceville, New Jersey headquartered Celsion Corp. recorded a trading volume of 3.11 million shares, which was higher than their three months average volume of 730,850 shares. The stock ended the day at $2.63, surging 8.68% from the last trading session. The Company's shares are trading below their 50-day moving average by 20.77%. Furthermore, shares of Celsion, which focuses on the development and commercialization of directed chemotherapy, DNA-mediated immunotherapy, and RNA based therapy products for the treatment of cancer, have a Relative Strength Index (RSI) of 45.83.
On June 19th, 2017, Celsion announced that it has entered into definitive agreements with several institutional investors to purchase an aggregate of approximately $5.4 million of shares of common stock, or pre-funded warrants in lieu thereof, in a registered direct offering. The Company agreed to sell an aggregate of approximately 2 million shares of common stock, or pre-funded warrants in lieu thereof, at a price of $2.75 per common share or warrant share, respectively, in the registered direct offering. Sign up and read the free research report on CLSN at:
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Sarepta Therapeutics
Cambridge, Massachusetts headquartered Sarepta Therapeutics Inc.'s stock climbed 0.31%, finishing yesterday's session at $35.48. A total volume of 2.32 million shares was traded, which was above their three months average volume of 1.86 million shares. The Company's shares have gained 9.95% in the last month, 19.54% over the previous three months, and 29.35% since the start of this year. The stock is trading above its 50-day moving average by 8.33%. Additionally, shares of Sarepta Therapeutics, which focuses on the discovery and development of RNA-based therapeutics for the treatment of rare neuromuscular diseases, have an RSI of 64.63.
On June 21st, 2017, Sarepta Therapeutics and Genethon, a non-profit R&D organization dedicated to the development of biotherapies for orphan genetic diseases from research to clinical validation, have signed a gene therapy research collaboration to jointly develop treatments for Duchenne muscular dystrophy (DMD). Genethon's micro-dystrophin gene therapy approach can target the majority of patients with DMD. It has demonstrated proof-of-concept of its micro-dystrophin program via robust gene expression in a large animal model of DMD. The complimentary research report on SRPT can be downloaded at:
http://dailystocktracker.com/registration/?symbol=SRPT
BioMarin Pharma
Shares in San Rafael, California headquartered BioMarin Pharmaceutical Inc. ended the session 1.78% lower at $97.06. The stock recorded a trading volume of 1.84 million shares, which was above its three months average volume of 1.15 million shares. The Company's shares have gained 9.85% in the last one month, 11.77% over the previous three months, and 17.17% on an YTD basis. The stock is trading 6.40% above its 50-day moving average and 8.81% above its 200-day moving average. Moreover, shares of BioMarin Pharma, which develops and commercializes pharmaceuticals for serious diseases and medical conditions in the US, Europe, Latin America, and internationally, have an RSI of 62.79.
On June 16th, 2017, BioMarin Pharma announced that it will present data in a late-breaking abstract session at the International Society on Thrombosis and Haemostasis 2017 Congress to be held from July 08th, 2017 to July 13th, 2017 in Berlin, Germany. The presentation will report interim results from a Phase-1/2 study of BMN 270, an AAV5-FVIII Gene transfer in severe hemophilia. Register for free on DailyStockTracker.com and access the latest report on BMRN at:
http://dailystocktracker.com/registration/?symbol=BMRN
ContraVir Pharma
At the closing bell on Thursday, Edison, New Jersey headquartered ContraVir Pharmaceuticals Inc.'s stock declined 0.02%, finishing at $0.63. A total volume of 702,117 shares was traded. The Company's shares are trading 23.82% below their 50-day moving average. Additionally, shares of ContraVir Pharma, which operates as a biopharmaceutical company focused on the development of antiviral drugs with a primary emphasis on the treatment of Hepatitis B virus (HBV) infections, have an RSI of 42.20. Get free access to your research report on CTRV at:
http://dailystocktracker.com/registration/?symbol=CTRV
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