VANDA PHARMACEUTICALS INC. NEW YORK, November 8, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com presents four Biotech equities for review: Illumina Inc. (NASDAQ: ILMN), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), and Vanda Pharmaceuticals Inc. (NASDAQ: VNDA). These companies belong to the Healthcare sector which is the worst performing sector in the S&P 500 so far this year, with shares down 7.7% compared with the broader index's 2% gain due to drug price concerns. These stocks research reports can be downloaded now by simply registering for free at: http://stock-callers.com/registration
Illumina
On Monday, shares in San Diego, California headquartered Illumina Inc. recorded a trading volume of 1.43 million shares, which was above their three months average volume of 1.30 million shares. The stock ended the session 1.82% higher at $137.08. The Company's are trading 11.01% below their 200-day moving average. Moreover, shares of Illumina, which provides sequencing and array-based solutions for genetic analysis, have a Relative Strength Index (RSI) of 37.15.
On November 02nd, 2016, research firm First Analysis Sec downgraded the Company's stock rating from 'Equal-Weight' to 'Underweight'. The research firm also revised downwards its previous target price from $130 to $116.
On November 07th, 2016, Illumina announced the launch of TruSight(R) Tumor 170, a 170 gene next-generation sequencing solution to support the transformation of the tumor-profiling paradigm from a series of single-gene tests to a multi-analyte approach, providing a more thorough picture of a tumor's genomic landscape. TruSight Tumor 170 offers an integrated DNA and RNA enrichment-based workflow, targeting cancer-related genetic aberrations, including small variants, gene amplifications, gene fusions, and splice variants. Designed to support limited nucleic acid input from formalin-fixed, paraffin-embedded samples, TruSight Tumor 170 facilitates efficient evaluation of biomarkers. Your complete research report on ILMN can be retrieved for free at: http://stock-callers.com/registration/?symbol=ILMN
Peregrine Pharma
Tustin, California headquartered Peregrine Pharmaceuticals Inc.'s stock closed the day 3.46% higher at $0.30 and with a total trading volume of 451,209 shares. Shares of the Company, which researches and develops monoclonal antibodies for the treatment of cancer in the US, are trading 19.19% below their 50-day moving average. The stock has an RSI of 34.12.
On October 24th, 2016, Peregrine Pharma announced the presentation of preclinical study data demonstrating that phosphatidylserine (PS)-targeting antibodies similar to bavituximab are able to enhance the anti-tumor activity of anti-PD-L1 therapy in a model of triple negative breast cancer (TNBC). Data showed that a combination of anti-PS and anti-PD-L1 therapies, with or without paclitaxel, led to greater anti-tumor responses than any of the treatments administered as single agents or dual treatment combinations with paclitaxel, in the well-characterized E0771 murine model of TNBC. PPHM free report is just a click away at: http://stock-callers.com/registration/?symbol=PPHM
Lexicon Pharma
Shares in The Woodlands, Texas headquartered Lexicon Pharmaceuticals Inc. recorded a trading volume of 602,686 shares. The stock ended yesterday's trading session 3.13% higher at $14.83. The Company's shares have advanced 11.42% on an YTD basis. The stock is trading above its 200-day moving average by 6.12%. Furthermore, shares of Lexicon Pharma, which focuses on the discovery and development of pharmaceutical products for the treatment of human diseases, have an RSI of 37.90.
On November 07th, 2016, Lexicon Pharma announced that it has obtained exclusive research, development, and commercialization rights to LX9211 (BMS-986176), a development candidate for neuropathic pain that was jointly developed by Lexicon and Bristol-Myers Squibb Co. as part of their neuroscience drug discovery alliance. Additional small molecule compounds acting through the same target as LX9211 are also included in the exclusive arrangement. LX9211 is currently completing IND-enabling studies, with Phase 1 clinical trials anticipated to commence during 2017. LX9211 is an orally-administered small molecule for the treatment of neuropathic pain. In preclinical studies, LX9211 has shown robust efficacy in models of neuropathic pain and is well-tolerated at and above efficacious doses in animals. Sign up for your complimentary research report on LXRX at: http://stock-callers.com/registration/?symbol=LXRX
Vanda Pharma
Washington, the District of Columbia headquartered Vanda Pharmaceuticals Inc.'s stock finished Monday's session 2.11% higher at $14.55 with a total trading volume of 698,879 shares. The Company's shares have advanced 17.06% over the previous three months and 56.28% since the start of this year. The stock is trading above its 200-day moving average by 29.04%. Additionally, shares of Vanda Pharma, which focuses on the development and commercialization of products for the treatment of central nervous system disorders, have an RSI of 40.04.
On November 02nd, 2016, Vanda Pharma reported that total revenues grew to $38.5 million, a 7% increase compared to Q2 2016 and a 36% increase compared to Q3 2015. For the reported quarter, the company's non-GAAP net income was $4.6 million compared to a non-GAAP net loss of $4.5 million for Q3 2015. Register for free on Stock-Callers.com and download the latest research report on VNDA at: http://stock-callers.com/registration/?symbol=VNDA
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