Research Reports Initiation on Biotech Stocks -- ImmunoGen, BioMarin Pharma, CEL-SCI, and Dipexium Pharma
NEW YORK, January 9, 2017 /PRNewswire/ --
For today, Stock-Callers.com scans the performances of four Biotech equities which are: ImmunoGen Inc. (NASDAQ: IMGN), BioMarin Pharmaceutical Inc. (NASDAQ: BMRN), CEL-SCI Corp. (NYSEMKT: CVM), and Dipexium Pharmaceuticals Inc. (NASDAQ: DPRX). These companies are engaged in the controlled and deliberate manipulation of biological systems for the efficient manufacturing or processing of useful products. Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
ImmunoGen
Last Friday, shares in Massachusetts headquartered ImmunoGen Inc. ended the session 6.33% higher at $2.52. The stock recorded a trading volume of 3.45 million shares, which was above its three months average volume of 1.88 million shares. The Company's shares have advanced 27.27% in the last month and 23.53% since the start of this year. The stock is trading 33.45% above its 50-day moving average. Moreover, shares of ImmunoGen, which develops targeted anticancer therapeutics, have a Relative Strength Index (RSI) of 72.71.
On December 28th, 2016, ImmunoGen announced that results from the Phase 1 expansion cohort evaluating mirvetuximab soravtansine (IMGN853) in patients with folate receptor alpha (FRα)-positive platinum-resistant ovarian cancer were published in the Journal of Clinical Oncology. The data demonstrate the potential clinical benefit of mirvetuximab soravtansine for the treatment of platinum-resistant ovarian cancer. The Phase 1 expansion cohort enrolled 46 patients with platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer whose tumors were positive for FRα. Patients were dosed with mirvetuximab soravtansine once every three weeks. Mirvetuximab soravtansine demonstrated single-agent activity in the 46-patient cohort with a 26% confirmed response rate and median progression free survival (PFS) of 4.8 months. In a subset of 23 patients with low, medium or high FRα, who had received three or fewer prior lines of therapy, there was a 39% objective response rate (ORR) and median PFS of 6.7 months. The free research report on IMGN is available at:
http://stock-callers.com/registration/?symbol=IMGN
BioMarin Pharma
California headquartered BioMarin Pharmaceutical Inc.'s stock gained 0.65%, to close the day at $86.85 with a total trading volume of 776,503 shares. The Company's shares have advanced 4.65% in the past month and 4.84% on an YTD basis. The stock is trading 2.02% above its 50-day moving average. Additionally, shares of BioMarin Pharma, which develops and commercializes pharmaceuticals for serious diseases and medical conditions in the US, Europe, Latin America, and internationally, have an RSI of 57.12.
On January 08th, 2017, BioMarin Pharma announced an update to its positive interim results of an open-label Phase 1/2 study of BMN 270, an investigational gene therapy treatment for severe hemophilia A. A total of nine patients with severe hemophilia A received a single dose of BMN 270, seven of whom have been treated at the highest dose of 6 x 1013 vg/kg. As of the December 09th, 2016 data cutoff, post-treatment follow-up ranges from 34 to 50 weeks. For those seven patients, as of each patient's most recent reading, six of seven patients continue to have Factor VIII levels above 50%, as a percentage calculated based on the numbers of International Units per deciliter of plasma, and the seventh continues to be above 15%. The Company is expected to commission its commercial gene therapy manufacturing facility by mid-2017. The complimentary report on BMRN can be downloaded at:
http://stock-callers.com/registration/?symbol=BMRN
CEL-SCI
Shares in Virginia headquartered CEL-SCI Corp. recorded a trading volume of 10.32 million shares at the close of the last trading session, which was above their three months average volume of 1.47 million shares. The stock ended the day 37.87% higher at $0.11. The Company's shares have advanced 2.27% in the last one month and 67.41% on an YTD basis. The stock is trading below its 50-day moving average by 38.52%. Furthermore, shares of CEL-SCI, which engages in the research and development of drugs and vaccines, have an RSI of 49.02.
On December 20th, 2016, CEL-SCI announced that it has received net proceeds of $3,702,760 and expects to receive the remaining $75,000 this week from its previously announced public offering of common stock and warrants, after deducting estimated placement agent discounts and commissions and estimated offering expenses payable by the Company. Visit us today and download our complete research report on CVM for free at:
http://stock-callers.com/registration/?symbol=CVM
Dipexium Pharma
New York-based Dipexium Pharmaceuticals Inc.'s shares finished Friday's session 3.33% lower at $1.45 with a total trading volume of 174,681 shares. The stock is trading below its 50-day moving average by 8.43%. Shares of the Company, which focuses on the development and commercialization of antibiotics in the US, have an RSI of 44.79.
On December 22nd, 2016, Dipexium Pharma and PLx Pharma Inc., a privately held late-stage specialty pharmaceutical company, announced that they have entered into a definitive agreement under which PLx Pharma will merge with a wholly-owned subsidiary of Dipexium in an all-stock transaction. Following closing, Dipexium will be renamed PLx Pharma Inc. Get free access to your technical report on DPRX at:
http://stock-callers.com/registration/?symbol=DPRX
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