Subject: INO
Biotech Stocks Under Scanner -- Rexahn Pharma, Peregrine Pharma, Immunomedics, and Protalix BioTherapeutics
NEW YORK, May 8, 2017 /PRNewswire/ --
Stock-Callers.com has issued research reports on these following stocks: Rexahn Pharmaceuticals Inc. (NYSE MKT: RNN), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), Immunomedics Inc. (NASDAQ: IMMU), and Protalix BioTherapeutics Inc. (NYSE MKT: PLX). According to an article on Barron's, US President Trump is scheduled to meet with Biotech industry leaders on Monday, May 08th, 2017. As per Goldman Sachs' options strategists, drug prices will likely be a key topic, and investors should keep an eye on the sector for any changes to skew after the meeting. You can access our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
Rexahn Pharma
Rockville, Maryland-based Rexahn Pharmaceuticals Inc.'s stock finished last Friday's session 882.14% higher at $3.85. A total volume of 636,822 shares was traded. Shares of the Company, which discovers, develops, and commercializes treatments for cancer, have a Relative Strength Index (RSI) of 95.64.
On May 04th, 2017, Rexahn Pharma announced financial results for Q1 ended March 31st, 2017. Cash and investments totaled approximately $18.5 million in Q1 2017; research and development expenses were $2.3 million; general and administrative expenses were approximately $1.7 million; and loss from operations was $4.0 million. Visit us today and download your complete report on RNN for free at:
http://stock-callers.com/registration/?symbol=RNN
Peregrine Pharma
On Friday, shares in Tustin, California headquartered Peregrine Pharmaceuticals Inc. ended the session 2.58% higher at $0.61. The stock recorded a trading volume of 895,916 shares. The Company's shares have surged 97.42% in the previous three months. The stock is trading 45.17% above its 200-day moving average. Moreover, shares of Peregrine Pharma, which researches and develops monoclonal antibodies for the treatment of cancer in the US, have an RSI of 49.77.
On May 01st, 2017, Avid Bioservices, Inc., a wholly owned subsidiary of Peregrine Pharma, and MilliporeSigma announced that the former will upgrade its Myford clinical and commercial manufacturing facility with multiple Mobius® 2000-liter single-use bioreactors from MilliporeSigma. The new bioreactors, to be installed in mid-2017, provide Avid with the latest technology while expanding the Company's manufacturing capacity. The complimentary research report on PPHM can be accessed at:
http://stock-callers.com/registration/?symbol=PPHM
Immunomedics
Morris Plains, New Jersey headquartered Immunomedics Inc.'s shares surged 17.56%, closing the session at $6.36. A total volume of 24.55 million shares was traded, which was above their three months average volume of 3.85 million shares. The stock has gained 8.16% in the last one month, 44.55% over the previous three months, and 73.30% on an YTD basis. Shares of the Company are trading 8.61% and 62.29% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Immunomedics, which focuses on the development of monoclonal antibody-based products for the targeted treatment of cancer, autoimmune disorders, and other diseases, have an RSI of 61.40.
On May 05th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Register for free on Stock-Callers.com and download the PDF research report on IMMU at:
http://stock-callers.com/registration/?symbol=IMMU
Protalix BioTherapeutics
Last Friday at the close, shares in Carmiel, Israel-based Protalix BioTherapeutics Inc. recorded a trading volume of 901,749 shares. The stock ended the session 2.13% lower at $0.92. The Company's shares have advanced 17.95% over the previous three months and 104.44% since the start of this year. The stock is trading above its 200-day moving average by 30.47%. Furthermore, shares of Protalix BioTherapeutics, which focuses on the development and commercialization of recombinant therapeutic proteins based on its proprietary ProCellEx protein expression system in Israel and internationally, have an RSI of 39.67.
On April 17th, 2017, research firm Rodman & Renshaw reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $4 a share to $5 a share.
On May 01st, 2017, Protalix BioTherapeutics announced that it will report Q1 2017 financial results and provide a corporate update on Wednesday, May 10th, 2017, at 8:30 a.m. ET. The conference call will be broadcast live and available for replay for two weeks under the Events Calendar of the Investors section of the Company's website. Get free access to your research report on PLX at:
http://stock-callers.com/registration/?symbol=PLX
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