The Biotech Industry has continued to provide investors with impressive gains in 2013. The iShares NASDAQ Biotechnology ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSEARCA: XBI) have posted gains of approximately 49.0 percent and 47.0 percent, respectively, year-to-date. One factor in the Biotech’s Industry’s recent boom has been the rise in research and development (R&D) spending. According to the 2013 BDO Biotech Briefing, companies listed on the NASDAQ Biotechnology Index on average spent $54.0 million on R&D in 2012, an increase of 8 percent when compared to 2011. "Unlike big pharma companies, who are developing new products while maintaining a consistent level of R&D spending, biotechs continue to demonstrate a desire to increase their R&D investment," said Ryan Starkes, partner and leader of the Life Sciences Practice at BDO. "The good news for the sector is that they are attracting significant capital and are clearly putting those dollars towards their intended use."
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) shares traded in the range of $21.55 to $23.49 Monday before settling to close at $22.79, an increase of 6.45 percent. The stock appears to be facing some resistance at $24.14 with some support at the $20.41 and $18.50 levels. Shares of ACADIA Pharmaceuticals have gained approximately 11.5 percent in 2013.
More information on ACADIA Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ACAD
Neuralstem, Inc. (NYSEMKT: CUR) shares traded in the range of $1.85 to $2.24 Monday before settling to close at $2.19, an increase of 18.38 percent. The stock appears to have some support at the $1.87, $1.79 and $1.74 levels. Shares of Neuralstem have gained approximately 100.0 percent in 2013.
More information on Neuralstem and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CUR
Inovio Pharmaceuticals Inc. (NYSEMKT: INO) shares traded in the range of $2.00 to $2.75 Monday before settling to close at $2.22, a decrease of 8.64 percent. The stock appears to be facing some resistance at the $2.32 and $3.00 levels with some support at $2.13. Shares of Inovio Pharmaceuticals have gained approximately 340.0 percent in 2013.
More information on Inovio Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/INO
PharmAthene, Inc. (NYSEMKT: PIP) shares traded in the range of $2.08 to $2.29 Monday before settling to close at $2.10, a decrease of 7.49 percent. The stock appears to be facing some resistance at the $2.19 and $2.25 levels with some support at $2.08. Shares of PharmAthene have gained approximately 87.0 percent in 2013.
More information on PharmAthene and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PIP
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