NEW YORK, December 28, 2016 /PRNewswire/ --
Today, Stock-Callers.com looks at the Biotech segment which is engaged in the development of pharmaceuticals, pest-resistant
crops, and biofuels, among other products. Firms in this industry primarily use living organisms or molecular and cellular
techniques to develop products that are used in agriculture, food, industrial, and medicine production. Under evaluation are
Eleven Biotherapeutics Inc. (NASDAQ: EBIO), Illumina Inc. (NASDAQ: ILMN), Sangamo Biosciences Inc. (NASDAQ: SGMO), and CytRx
Corp. (NASDAQ: CYTR). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Eleven Biotherapeutics
At the close on Tuesday, shares in Cambridge, Massachusetts-based Eleven Biotherapeutics Inc.
rose 3.55%, ending the day at $2.04 with a total trading volume of 481,797 shares. The stock is
trading below its 50-day moving average by 6.82%. Shares of the Company, which engages in the discovery and development of
protein therapeutics to treat eye diseases primarily in the US, have a Relative Strength Index (RSI) of 46.76.
On November 14th, 2016, Eleven Biotherapeutics reported that revenue was $28.7 million for Q3 2016 compared to $0.1 million for Q3 2015. The increase was
due to revenue recognized from the License Agreement with Roche. The Company's net income was $19.5
million, or $0.95 per basic share and $0.91 per diluted share,
for Q3 2016 as compared to a net loss of $9.7 million, or $0.50 per
basic and diluted share, for Q3 2015. Cash and cash equivalents were $30.7 million as of
September 30th, 2016. EBIO complete research report is just a click away and free
at:
http://stock-callers.com/registration/?symbol=EBIO
Illumina
Shares in San Diego, California headquartered Illumina Inc. ended the day 0.15% higher at
$128.94 with a total trading volume of 539,240 shares. The stock is trading below its 50-day moving
average by 3.76%. Shares of the Company, which provides sequencing and array-based solutions for genetic analysis, have an RSI of
47.60.
On December 7th, 2016, Illumina announced the appointment of Sam A. Samad, Senior Vice President and Chief Financial Officer. He will join the Company on January 06th, 2017. Sam will be responsible for the Company's finance, accounting, investor
relations, internal audit, and treasury functions. He joins Illumina from Cardinal Health where he held several senior leadership
positions including most recently Senior Vice President and Corporate Treasurer, with leadership responsibility for Cardinal
Health's China business. Sam holds a BBA degree from the American
University of Beirut in Lebanon and an MBA from McMaster
University in Hamilton, Canada.
On December 7th, 2016, research firm Morgan Stanley reiterated its 'Underweight'
rating on the Company's stock with a decrease of the target price from $115 a share to $100 a share. The complimentary report on ILMN can be downloaded at:
http://stock-callers.com/registration/?symbol=ILMN
Sangamo Biosciences
On Tuesday, shares in Richmond, California headquartered Sangamo Biosciences Inc. finished
3.23% lower at $3.00. A total volume of 842,029 shares was traded. The stock is trading below its
50-day moving average by 15.42%. Additionally, shares of Sangamo Biosciences, which focuses on the research, development, and
commercialization of engineered DNA-binding proteins for therapeutic genome editing and gene regulation, have an RSI of
43.06.
On November 30th, 2016, Sangamo BioSciences announced that its collaborative zinc
finger nuclease (ZFN)-mediated genome editing program for hemoglobinopathies will transfer to Bioverativ. In 2014, Sangamo and
Biogen entered into an exclusive worldwide research, development, and commercialization collaboration and license agreement under
which both companies agreed to develop and commercialize therapeutic genome editing products for the potential treatment of two
inherited blood disorders, sickle cell disease and beta-thalassemia. Bioverativ, the planned spin-off of Biogen's hemophilia
business, is on track to launch as an independent, publicly-traded biotechnology company in early 2017. Sign up for your
complimentary research report on SGMO at:
http://stock-callers.com/registration/?symbol=SGMO
CytRx
Los Angeles, California headquartered CytRx Corp.'s shares recorded a trading volume of 1.66
million shares at the end of yesterday's session, which was higher than their three months average volume of 1.23 million shares.
The stock closed the day flat at $0.39. The Company's shares are trading below their 50-day moving
average by 20.47%. Additionally, shares of CytRx, which operates as a biopharmaceutical research and development company
specializing in oncology, have an RSI of 35.54.
On December 13th, 2016, CytRx announced that it has entered into securities purchase
agreements with existing institutional investors to purchase shares of the Company's common stock at a purchase price of
$0.42 per share in a registered direct offering with gross proceeds of $8.1
million. To the extent that the purchase of shares of common stock would result in beneficial ownership above 4.99%, an
investor may elect to purchase shares of its Series B convertible preferred stock in lieu of common stock. Each share of
preferred stock has a conversion price of $0.42 and no dividend rights. Get free access to your
research report on CYTR at:
http://stock-callers.com/registration/?symbol=CYTR
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment
newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments.
One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a
third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on
analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document
templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is
believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed
any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently
reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or
interfere in the application of such procedures by the third-party research service company to the articles, documents or
reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or
the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this
document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss
arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document.
Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing
of the information, or (2) warrant any results from use of the information. The included information is subject to change without
notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities
mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers
in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a
company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA