NEW YORK, October 31, 2016 /PRNewswire/ --
Stock-Callers.com has initiated coverage on four Generic Drugs companies, namely: Evoke Pharma Inc. (NASDAQ: EVOK), Catalyst Pharmaceuticals Inc. (NASDAQ: CPRX), Neurocrine Biosciences Inc. (NASDAQ: NBIX), and Galectin Therapeutics Inc. (NASDAQ: GALT). These stocks belong to the Healthcare sector which resumed its downward trek on Friday, October 28, 2016, following a one-day reprieve on Thursday. As per an article on NASDAQ, the NYSE Health Care Index plummeted more than 1.3%, while shares of health care companies in the S&P 500 plunged almost 2.1% as a group. These stocks research reports can be downloaded now by simply registering for free at:
Solana Beach, California headquartered Evoke Pharma Inc.'s stock dropped 3.93%, finishing last Friday's session at $1.71 with a total trading volume of 146,014 shares. Shares of the Company, which primarily focuses on the development of drugs for the treatment of gastroenterological disorders and diseases, shares are trading below their 50-day moving average by 14.23%. The stock has a Relative Strength Index (RSI) of 31.02. Your complete research report on EVOK can be retrieved for free at:
On Friday, shares in Coral Gables, Florida-based Catalyst Pharmaceuticals Inc. ended the session 6.48% lower at $0.98. The stock recorded a trading volume of 964,759 shares. The Company's shares have gained 29.69% in the previous three months. The stock is trading below its 200-day moving average by 6.86%. Moreover, shares of Catalyst Pharmaceuticals, which focuses on the development and commercialization of therapies for people with rare debilitating diseases, have an RSI of 35.95.
As per notes filed with the SEC on October 3rd, 2016, Catalyst Pharmaceuticals received a notice from The NASDAQ Stock Market on September 30th, 2016, confirming that the Company has regained compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market. On June 9th, 2016, NASDAQ notified the Company that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the NASDAQ Capital Market. The Rule requires that listed securities maintain a minimum bid price of $1.00 per share.
On October 5th, 2016, research firm Piper Jaffray upgraded the Company's stock rating from 'Neutral' to 'Overweight'. CPRX free report is just a click away at:
San Diego, California headquartered Neurocrine Biosciences Inc.'s stock declined 0.89%, to close the day at $44.38 with a total trading volume of 536,530 shares. Shares of the Company, which discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the US, are trading 1.85% below their 200-day moving average. The stock has an RSI of 41.33.
On October 18th, 2016, research firm Needham initiated a 'Buy' rating on the Company's stock, issuing a target price of $62 per share.
On October 19th, 2016, AbbVie in cooperation with Neurocrine Biosciences announced detailed results from two replicate pivotal Phase 3 clinical trials evaluating the efficacy and safety of Elagolix in premenopausal women who suffer from endometriosis. The data demonstrate that, compared to placebo at month three and month six, patients treated with Elagolix reported statistically significant reductions in scores for menstrual pain (dysmenorrhea, DYS) and non-menstrual pelvic pain associated with endometriosis as measured by the Daily Assessment of Endometriosis Pain scale. AbbVie plans to submit a New Drug Application to the U.S. Food and Drug Administration (FDA) for endometriosis in 2017. Sign up for your complimentary research report on NBIX at:
Shares in Norcross, Georgia-based Galectin Therapeutics Inc. recorded a trading volume of 254,297 shares. The stock ended Friday's session at $0.75, down 2.60%. The Company's shares are trading below their 200-day moving average by 49.08%. Furthermore, shares of Galectin Therapeutics, which engages in the research and development of therapies for fibrotic disease and cancer, have an RSI of 27.92.
On September 27th, 2016, Galectin Therapeutics announced that top-line results from NASH-FX, its Phase 2a clinical trial evaluating the efficacy, safety, and tolerability of GR-MD-02 in 30 nonalcoholic steatohepatitis (NASH) patients with advanced fibrosis, did not meet its primary biomarker endpoint as measured by LiverMultiScan. The trial also did not meet secondary endpoints that measure liver stiffness as a surrogate for fibrosis, with FibroScan® and magnetic resonance elastography (MRE). Galectin simultaneously announced that the principal focus of its research efforts - its larger scale, one-year, multi-site trial in patients with NASH cirrhosis (NASH-CX) - has completed enrollment one month early with 162 total subjects, allowing for reporting of top-line results in December 2017.
On October 3rd, 2016, research firm FBR & Co. downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The research firm also revised downwards its previous target price from $12 a share to $2 a share. Register for free on Stock-Callers.com and download the latest research report on GALT at:
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Last updated on: 31/10/2016
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