The Jumpstart Our Business Startups (JOBS) Act has been a major catalyst for the recent surge in Biotech IPOs. There have been a total of 16 U.S.-listed biotech IPOs in the first half of the year, according to data from Renaissance Capital LLC. Since the JOBS Act has been signed into law all biotech companies who have gone public have used the new pathway. "The JOBS Act provided a safe harbor under which companies could talk to investors, educate them, and get feedback about whether the company was attractive to those investors," said Kenneth Moch, CEO of Chimerix Inc. (NASDAQ: CMRX).
Cancer Genetics Inc. (NASDAQ: CGIX) shares traded in the range of $9.25 to $10.00 Friday before settling to close at $9.99, an increase of 7.88 percent. The stock appears to be facing some resistance at the $11.05 and $12.90 levels. Shares of Cancer Genetics have gained approximately 10.0 percent since it became public.
More information on Cancer Genetics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CGIX
Esperion Therapeutics Inc. (NASDAQ: ESPR) shares traded in the range of $16.35 to $17.16 Friday before settling to close at $16.80, a decrease of 0.88 percent. The stock appears to be facing some resistance at the $16.85 and $18.26 levels with some support at $14.22. Shares of Esperion Therapeutics have gained approximately 15.0 percent since it became public.
More information on Esperion Therapeutics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ESPR
Oncomed Pharmaceuticals Inc. (NASDAQ: OMED) shares traded in the range of $16.65 to $17.16 Friday before settling to close at $16.85, an increase of 1.20 percent. The stock appears to be facing some resistance at the $16.98 and $19.18 levels with some support at $13.73. Shares of Oncomed Pharmaceuticals have fallen approximately 38.0 percent since it became public.
More information on Oncomed Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/OMED
Stemline Therapeutics Inc. (NASDAQ: STML) shares traded in the range of $32.33 to $35.10 Friday before settling to close at $34.57, an increase of 6.04 percent. The stock appears to be facing some resistance at the $37.49 and $39.18 levels with some support at $33.45. Shares of Stemline Therapeutics have fallen approximately 5.0 percent since it became public.
More information on Stemline Therapeutics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/STML
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