NEW YORK, December 14, 2016 /PRNewswire/ --
Biotechnology is an industry that focuses on novel drug development and clinical research aimed at treating diseases and medical conditions. Companies in this space are almost always unprofitable, and many have no real revenue at all. This morning, Stock-Callers.com presents four equities for assessment: Egalet Corp. (NASDAQ: EGLT), TG Therapeutics Inc. (NASDAQ: TGTX), Axovant Sciences Ltd (NYSE: AXON), and Spark Therapeutics Inc. (NASDAQ: ONCE). Sign up today and download for free the research reports for the stocks covered today at:
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Egalet
On Tuesday, shares in Pennsylvania headquartered Egalet Corp. recorded a trading volume of 714,426 shares, which was above their three months average volume of 536,280 shares. The stock ended at $7.72, dropping 5.04% from the last trading session. The Company's shares have gained 1.58% in the last one month and 5.03% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 8.17% and 15.15%, respectively. Furthermore, shares of Egalet, which develops, manufactures, and commercializes treatments for patients with pain and other conditions, have a Relative Strength Index (RSI) of 52.02.
On December 06th, 2016, Egalet announced that the US Patent and Trademark Office has issued patent number 9,498,446 covering Egalet's proprietary Guardian™ Technology abuse-deterrent products which contain a matrix and an exterior shell including Phase 3 product candidate, Egalet-002. The patent offers protection through February 2030 for Egalet-002 and other products developed with a shell using Guardian Technology. EGLT complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=EGLT
TG Therapeutics
New York headquartered TG Therapeutics Inc.'s stock finished yesterday's session 1.98% lower at $4.95, with a total trading volume of 370,462 shares. The Company's shares are trading below their 50-day moving average by 19.38%. Shares of TG Therapeutics, which focuses on the acquisition, development, and commercialization of novel treatments for B-cell malignancies and autoimmune diseases primarily in the US, have an RSI of 33.25.
On December 06th, 2016, TG Therapeutics announced that the target enrollment of 120 patients in the GENUINE Phase 3 study has been met and enrollment will be closed shortly. The GENUINE Phase 3 study is a randomized study of TG-1101, the Company's novel, glycoengineered anti-CD20 monoclonal antibody in combination with ibrutinib, the oral Bruton's tyrosine kinase, versus ibrutinib alone in approximately 120 patients with high-risk relapsed or refractory Chronic Lymphocytic Leukemia. In October, the study was modified to convert the primary endpoint solely to Overall Response Rate. If the study results are positive, and subject to a positive outcome of pre-BLA meeting with the FDA, the Company plans to utilize the results to file for accelerated approval. The Company expects to release top-line data from the GENUINE Phase 3 study in H1 2017. The complimentary report on TGTX can be downloaded at:
http://stock-callers.com/registration/?symbol=TGTX
Axovant Sciences
At the closing bell on Tuesday, shares in Bermuda-based Axovant Sciences Ltd saw a decline of 3.96%, ending the day at $13.10, with a total trading volume of 243,278 shares. The stock is trading 1.67% below its 50-day moving average. Shares of the Company, which engages in acquiring, developing, and commercializing novel therapeutics for the treatment of dementia in the US and Europe, have an RSI of 43.67.
On December 07th, 2016, research firm Oppenheimer initiated an 'Outperform' rating on the Company's stock, issuing a target price of $20 per share.
On December 09th, 2016, Axovant Sciences announced a new analysis of the data from a Phase 2b trial evaluating treatment with intepirdine (RVT-101), combined with standard of care donepezil, and compared to donepezil plus placebo in people with mild-to-moderate Alzheimer's disease. The company stated that the analysis indicates that the addition of intepirdine to treatment was associated with reduced progression in dependence, suggesting that those in the study who received combination treatment spent more time in the earlier, less dependent stages of the disease. Sign up for your complimentary report on AXON at:
http://stock-callers.com/registration/?symbol=AXON
Spark Therapeutics
Pennsylvania headquartered Spark Therapeutics Inc.'s stock ended the day 0.89% lower at $52.17, with a total trading volume of 257,042 shares. The Company's shares have gained 15.14% on an YTD basis. The stock is trading 5.71% above its 200-day moving average. Additionally, shares of Spark Therapeutics, which focuses on the development of gene therapy products for patients suffering from debilitating genetic diseases, have an RSI of 46.44.
As per a SEC filing dated December 08th, 2016, Spark Therapeutics entered into a License and Option Agreement with Selecta Biosciences, Inc. on December 2nd, 2016, that provides the Company with exclusive worldwide rights to Selecta's proprietary Synthetic Vaccine Particles platform technology for co-administration with gene therapy targets. The Company paid Selecta an upfront payment of $10 million and has agreed to make additional payments of an aggregate of $5.0 million within 12 months of the Signing Date. Download the research report for free on ONCE at:
http://stock-callers.com/registration/?symbol=ONCE
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