Vertex Pharmaceuticals : Breakfast Technical Briefing on Biotech Stocks -- Sarepta Therapeutics, Trevena, Tesaro, and Vertex Pharma
NEW YORK, August 7, 2017 /PRNewswire/ --
If you want a Stock Review on SRPT, TRVN, TSRO, or VRTX then come over to
http://dailystocktracker.com/register and sign up for your free customized report
today. DailyStockTracker.com has issued research reports on Sarepta Therapeutics Inc.
(NASDAQ: SRPT), Trevena Inc. (NASDAQ: TRVN), Tesaro Inc. (NASDAQ: TSRO), and Vertex
Pharmaceuticals Inc. (NASDAQ: VRTX). According to a report on PR Newswire, Biotech and Big
Pharma companies are in the spotlight these days, evidenced by the dramatic shift in the
NASDAQ Biotechnology Index increasing by as much as 33% after hitting new highs in July.
Daily Stock Tracker published free research reports on these stocks today at:
Cambridge, Massachusetts headquartered Sarepta Therapeutics Inc.'s stock rose 1.69%,
finishing last Friday's trading session at $38.52. A total volume of 1.50 million shares
was traded. The Company's shares have gained 13.09% in the last month, 17.98% over the
previous three months, and 40.43% since the start of this year. The stock is trading above
its 50-day and 200-day moving averages by 10.78% and 14.33%, respectively. Additionally,
shares of Sarepta Therapeutics, which focuses on the discovery and development of
RNA-based therapeutics for the treatment of rare neuromuscular diseases, have a Relative
Strength Index (RSI) of 54.83.
On July 20th, 2017, research firm RBC Capital Markets reiterated its 'Outperform'
rating on the Company's stock with an increase of the target price from $60 a share to $64
On July 27th, 2017, Sarepta Therapeutics announced the publication of data validating
Genethon's micro-dystrophin gene therapy approach in an animal model for Duchenne muscular
dystrophy (DMD). The results were featured in the July 25th, 2017 online issue of Nature
Communications. The Company announced in June 2017 that it entered into exclusive gene
therapy research collaboration with Genethon to jointly develop treatments for DMD. See
our free and comprehensive research report on SRPT at:
Shares in King of Prussia, Pennsylvania headquartered Trevena Inc. ended at $2.43,
jumping 4.74% from the last trading session. The stock recorded a trading volume of
426,384 shares. The Company's shares have advanced 5.65% in the past month. The stock is
trading 4.90% below its 50-day moving average. Moreover, shares of Trevena, which develops
various therapies based on breakthrough science to benefit patients and healthcare
providers confronting serious medical conditions, have an RSI of 43.73.
On August 03rd, 2017, Trevena announced financial results for the quarter ended June
30th, 2017. Net loss for Q2 2017 was $20.4 million; research and development expenses were
$15.5 million; and general and administrative expenses were $4.4 million. Cash, cash
equivalents, and marketable securities were $84.2 million as of June 30th, 2017. TRVN free
research report is just a click away at:
On Friday, shares in Waltham, Massachusetts headquartered Tesaro Inc. recorded a
trading volume of 711,508 shares. The stock climbed 3.24%, closing the day at $128.59. The
Company's shares are trading 6.80% below their 50-day moving average. Additionally, shares
of Tesaro, which identifies, acquires, develops, and commercializes cancer therapeutics
and oncology supportive care products in the US, have an RSI of 47.58.
On July 07th, 2017, research firm Gabelli & Co initiated a 'Buy' rating on the
Company's stock, with a target price of $175 per share.
On July 25th, 2017, Tesaro announced that the Company will release its Q2 2017
financial results on August 08th, 2017, after the close of the US financial markets. The
senior management team will host a conference call and live audio webcast at 4:15 p.m. ET
on that same day to discuss the Company's operating results in greater detail, as well as
the status of its development programs and the VARUBI/Y(R) and ZEJULATM launches. Sign up
for your complimentary report on TSRO at:
At the close of trading on Friday, shares in Boston, Massachusetts headquartered
Vertex Pharmaceuticals Inc. recorded a trading volume of 806,212 shares. The stock
finished the session 0.33% higher at $154.54. The Company's shares have surged 20.30% in
the past month, 34.57% in the previous three months, and 109.77% since the start of this
year. The stock is trading above its 50-day and 200-day moving averages by 14.59% and
50.18%, respectively. Furthermore, shares of Vertex Pharma, which discovers, develops,
manufactures, and commercializes medicines for serious diseases, have an RSI of 60.25.
On July 19th, 2017, research firm Raymond James upgraded the Company's stock rating
from 'Market Perform' to 'Outperform'.
On July 26th, 2017, Vertex Pharma reported consolidated financial results for the
second quarter ended June 30th, 2017. Total CF net product revenues were $514.0 million
for the quarter, net product revenues from ORKAMBI were $324.4 million, and net product
revenues from KALYDECO were $189.6 million. As of June 30th, 2017, the Company had $1.67
billion in cash, cash equivalents and marketable securities. Register for free on
DailyStockTracker.com and download the latest research report on VRTX at:
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