Research Reports Initiation on Drug Makers Stocks -- Amarin, MEI Pharma, Biodel, and SciClone Pharma
NEW YORK, October 7, 2016 /PRNewswire/ --
Stock-Callers.com reviews the most recent performances of the following Drug Manufacturing companies from the Healthcare sector: Amarin Corp. PLC (NASDAQ: AMRN), MEI Pharma Inc. (NASDAQ: MEIP), Biodel Inc. (NASDAQ: BIOD), and SciClone Pharmaceuticals Inc. (NASDAQ: SCLN). According to an article on the NASDAQ, Healthcare shares were flat in pre-market trade on Thursday, October 06, 2016. Learn more about these stocks by downloading their free report at:
On Thursday, shares in Dublin, Ireland-based Amarin Corp. PLC recorded a trading volume of 1.39 million shares. The stock ended the day at $3.16, which was 1.56% lower from the prior session. The Company's shares have gained 0.96% in the last one month, 44.29% over the previous three months, and 67.20% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.98% and 52.35%, respectively. Furthermore, shares of Amarin, which focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the US, have a Relative Strength Index (RSI) of 54.75.
As per notes filed with the SEC, on September 22nd and 23rd, 2016, Amarin, through its subsidiary Amarin Pharmaceuticals Ireland Limited, received paragraph IV certifications from Roxane Laboratories, Inc. and Dr. Reddy's Laboratories, Inc., respectively, advising Amarin that such companies have filed abbreviated new drug applications with the U.S. Food and Drug Administration that seek regulatory approval for generic versions of Vascepa (icosapent ethyl) capsules.
On October 5th, 2016, research firm Cantor Fitzgerald initiated a 'Buy' rating on the Company's stock, issuing a target price of $6 per share. The free research report on AMRN is available at:
San Diego, California-based MEI Pharma Inc.'s stock finished yesterday's session 0.56% lower at $1.76 and with a total trading volume of 121,102 shares. The Company's shares have gained 24.38% over the previous three months and 10.00% on an YTD basis. The stock is trading above its 200-day moving average by 20.36%. Furthermore, shares of MEI Pharma, which focuses on the clinical development of drugs for the treatment of cancer, have an RSI of 46.89.
On September 6th, 2016, MEI Pharma reported that net cash used in operations was $17.9 million in FY16 compared to $28.1 million for FY15. Research and development expenses were $13.4 million for FY16 compared to $23.8 million for FY15. For FY16 net loss was $20.9 million, or $0.61 per share, compared to $32.7 million, or $1.16 per share, for the previous year. The complimentary report on MEIP can be downloaded at:
At the closing bell on Thursday, shares in Danbury, Connecticut headquartered Biodel Inc. saw a decline of 14.52%, ending the day at $0.50. The stock recorded a trading volume of 2.22 million shares, which was above its three months average volume of 574,520 shares. The Company's shares have advanced 19.05% in the last one month, 61.29% in the previous three months, and 47.06% on an YTD basis. The stock is trading 17.90% above its 50-day moving average and 41.25% above its 200-day moving average. Moreover, shares of Biodel, which focuses on the development and commercialization of treatments for diabetes in the US, have an RSI of 58.00.
As per notes filed with the SEC on October 3rd, 2016, Biodel has entered into an amended and restated share exchange agreement with Albireo Limited, a company registered in England and Wales, and the holders of Albireo's shares or notes convertible into Albireo shares, pursuant to which, Biodel will acquire the entire issued share capital of Albireo in exchange for newly issued shares of the company's common stock. Visit us today and download our complete research report on BIOD for free at:
Foster City, California headquartered SciClone Pharmaceuticals Inc.'s stock ended the day 1.81% lower at $10.29 and with a total trading volume of 186,855 shares. The Company's shares have gained 11.85% on an YTD basis. The stock is trading 1.02% below its 50-day moving average. Additionally, shares of SciClone Pharmaceuticals, which provides therapies for oncology, infectious diseases, and cardiovascular disorders in the People's Republic of China, the US, and Hong Kong, have an RSI of 47.71.
On September 26th, 2016, SciClone Pharmaceuticals announced two important achievements in advancing the company's clinical pipeline and development portfolio in Greater China. The first patient has been treated in the Phase 3 trial of ZADAXIN® in sepsis, a life-threatening infectious disease in which the drug has previously demonstrated therapeutic benefit in a Phase 2 clinical trial. In addition, the first patient has been treated in the Phase 1 trial of PT-112, a multi-targeted platinum-pyrophosphate anticancer agent being developed for patients with advanced solid tumors. Get free access to your technical report on SCLN at:
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