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Research Reports Initiation on Biotech Stocks -- Pacific Biosciences of California, Aralez Pharma, Cerus, and Pain Therapeutics

PACB, CERS, SAVA

PR Newswire

NEW YORK, December 19, 2016 /PRNewswire/ --

Stock-Callers.com has issued research reports on four Biotech equities, which are Pacific Biosciences of California Inc. (NASDAQ: PACB), Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ), Cerus Corp. (NASDAQ: CERS), and Pain Therapeutics Inc. (NASDAQ: PTIE). These companies belong to the Healthcare sector, which was little changed in late-afternoon trade on Friday, December 16th, 2016. As per a NASDAQ report, the NYSE Health Care Index climbed about 0.2%, while shares of health care companies in the S&P 500 rose less than 0.1% as a group. Learn more about these stocks by downloading their free report at:

http://stock-callers.com/registration

Pacific Biosciences of California  

Last Friday, shares in Menlo Park, California headquartered Pacific Biosciences of California Inc. ended the session 1.54% higher at $3.95. The stock recorded a trading volume of 7.34 million shares, which was above its three months average volume of 1.14 million shares. The Company's shares are trading 49.61% below their 50-day moving average. Moreover, shares of Pacific Biosciences of California, which designs, develops, and manufactures sequencing systems to resolve genetically complex problems, have a Relative Strength Index (RSI) of 14.97.

On December 15th, 2016, the Company announced that F. Hoffman-La Roche Ltd (Roche) has elected to terminate for convenience the development, commercialization and license agreement with Pacific Biosciences for the development and supply of diagnostic products based on the company's Single Molecule, Real-Time (SMRT®) technology. The agreement, which was entered into by the parties in 2013, provides the option for Roche to terminate the agreement for any reason with sixty days' prior notice. Upon termination, other than retaining certain non-exclusive rights with respect to using products already purchased from Pacific Biosciences under the agreement, Roche will have no rights to SMRT technology, and Pacific Biosciences will be free to commercialize products based on the Sequel™ sequencing platform into the clinical research and sequencing market, directly or with other distribution partners. The free research report on PACB is available at:

http://stock-callers.com/registration/?symbol=PACB


Aralez Pharma  

Milton, Canada headquartered Aralez Pharmaceuticals Inc.'s stock declined 1.22%, to close the day at $4.87. A total volume of 3.05 million shares was traded, which was higher than their three months average volume of 704,560 shares. The Company's shares are trading 2.79% and 11.53% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Aralez Pharma, which operates as a specialty pharmaceutical company in Canada, Ireland, and the US, have an RSI of 48.65.

On December 15th, 2016, Aralez Pharma announced that it has entered into a rebate agreement with CaremarkPCS Health (also known as CVS Caremark), which secures formulary status for YOSPRALA™, the only prescription fixed-dose combination of an anti-platelet agent, aspirin, and a proton pump inhibitor, omeprazole, in the US. The rebate agreement with CVS Caremark is effective immediately. The complimentary report on ARLZ can be downloaded at:


http://stock-callers.com/registration/?symbol=ARLZ


Cerus  

Shares in Concord, California headquartered Cerus Corp. recorded a trading volume of 1.04 million shares at the close of the last trading session, which was above their three months average volume of 901,860 shares. The stock ended the day 0.61% higher at $4.92. The Company's shares are trading below their 50-day moving average by 6.80%. Furthermore, shares of Cerus, which focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety, have an RSI of 40.15.

On November 03rd, 2016, Cerus reported product revenue of $10.2 million for Q3 2016, up 26% from the $8.0 million recognized during Q3 2015. The Company's gross margins on product revenue for Q3 2016 were 46%, compared to 31% for Q3 2015. Cerus' net loss for Q3 2016 was $14.4 million, or $0.14 per diluted share, compared to a net loss of $15.7 million, or $0.17 per diluted share, for Q3 2015. Visit us today and download our complete research report on CERS for free at:

http://stock-callers.com/registration/?symbol=CERS


Pain Therapeutics  

Austin, Texas-based Pain Therapeutics Inc.'s shares finished Friday's session 0.31% higher at $0.62 with a total trading volume of 250,998 shares. The stock is trading below its 50-day moving average by 4.61%. Shares of the Company, which develops novel drugs in the US, have an RSI of 47.84.

As per a SEC filing dated December 08th, 2016, Pain Therapeutics on December 05th, 2016, sent a letter to Durect Corporation pursuant to the Development and License Agreement (DLA), dated as of December 19th, 2002, by and among the Company, Durect and Southern Biosystems, Inc., as amended, that provided Durect with formal written notice that the Company is removing, effective as of December 05th, 2016, the opioid drugs hydromorphone and oxymorphone (and only hydromorphone and oxymorphone) as licensed products under the DLA. Get free access to your technical report on PTIE at:

http://stock-callers.com/registration/?symbol=PTIE

--

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