NEW YORK, September 20, 2016 /PRNewswire/ --
Despite stiff pricing competition, the Generic Drugs industry remains an attractive place for investors given its resilience to market downturns and continued growth in emerging economies. This morning, Stock-Callers.com redirects its attention to the following stocks: Zoetis Inc. (NYSE: ZTS), Sophiris Bio Inc. (NASDAQ: SPHS), Rigel Pharmaceuticals Inc. (NASDAQ: RIGL), and Neurocrine Biosciences Inc. (NASDAQ: NBIX) to see how they fared over the last few trading sessions. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
Zoetis
On Monday, shares in Florham Park, New Jersey headquartered Zoetis Inc. recorded a trading volume of 2.43 million shares. The stock ended the day at $50.32, which was a slight drop of 0.38%. The Company's shares have gained 7.49% over the previous three months and 5.68% on an YTD basis. The stock is trading above its 200-day moving average by 8.23%. Furthermore, shares of Zoetis, which engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals in the US and internationally, have a Relative Strength Index (RSI) of 44.05.
On August 21st, 2016, Zoetis announced that Glenn David, Senior Vice President of Finance Operations, has been named Executive Vice President and Chief Financial Officer and will assume responsibility for the oversight of the company's financial management, planning and global operations, effective immediately. David will report directly to CEO Juan Ramón Alaix and become part of the Zoetis Executive Team. ZTS complete research report is just a click away and free at: http://stock-callers.com/registration/?symbol=ZTS
Sophiris Bio
La Jolla, California-based Sophiris Bio Inc.'s stock finished yesterday's session 1.02% lower at $2.90, with a total trading volume of 1.51 million shares. The Company's shares have surged 59.34% in the previous three months and 62.92% on an YTD basis. The stock is trading above its 200-day moving average by 31.07%. Furthermore, shares of Sophiris Bio, which focuses on the development of products for the treatment of urological diseases, have an RSI of 40.91.
On August 26th, 2016, Sophiris Bio announced that it has closed its previously announced underwritten public offering. With the proceeds from the offering, the company plans to conduct a second Phase 2 clinical trial of topsalysin for the treatment of localized prostate cancer.
On September 15th, 2016, research firm ROTH Capital initiated a 'Buy' rating on the Company's stock, issuing a target price of $8 per share. The complimentary report on SPHS can be downloaded at: http://stock-callers.com/registration/?symbol=SPHS
Rigel Pharma
At the closing bell on Monday, shares in South San Francisco, California-based Rigel Pharmaceuticals Inc. saw a decline of 2.29%, ending the day at $3.42. The stock recorded a trading volume of 681,014 shares. The Company's shares have advanced 15.93% in the last one month, 39.02% in the previous three months, and 12.87% since the start of this year. The stock is trading 22.62% and 29.88% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Rigel Pharmaceuticals, which engages in the discovery and development of novel and targeted drug candidates in the therapeutic areas of immunology, oncology, and immuno-oncology, have an RSI of 59.18.
On August 31st, 2016, research firm H.C. Wainwright reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $6 a share to $7 a share.
On September 15th, 2016, Rigel Pharmaceuticals announced plans to build a commercial organization to support the potential launch of fostamatinib, its oral SYK inhibitor, for the treatment of chronic immune thrombocytopenia. The company recently reported that fostamatinib met the primary endpoint in the first of two identical Phase 3 studies in chronic ITP. Results of the second Phase 3 clinical study are expected in late October or early November. Sign up for your complimentary research report on RIGL at: http://stock-callers.com/registration/?symbol=RIGL
Neurocrine Biosciences
San Diego, California headquartered Neurocrine Biosciences Inc.'s stock ended the day 0.11% higher at $54.06. A total volume of 1.31 million shares traded, which was above their three months average volume of 940,420 shares. The Company's shares have gained 12.60% in the last month and 21.98% over the previous three months. The stock is trading 9.42% above its 50-day moving average and 18.34% above its 200-day moving average. Additionally, shares of Neurocrine Biosciences, which discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the US, have an RSI of 65.62.
On September 1st, 2016, Neurocrine Biosciences announced that the FDA has conditionally accepted the proprietary name "INGREZZA™" for the company's once-daily vesicular monoamine transporter 2 (VMAT2) inhibitor valbenazine. The Company has recently announced the submission of a New Drug Application with the FDA for valbenazine in tardive dyskinesia and is also exploring its utility in Tourette syndrome. Get free access to your research report on NBIX at: http://stock-callers.com/registration/?symbol=NBIX
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