NEW YORK, June 21, 2017 /PRNewswire/ --
If you want a stock review on ARRY, CATB, CERU, or IMMU then come over to http://dailystocktracker.com/register/ and sign up for your free customized reports today.
DailyStockTracker.com has initiated coverage on the following Biotech stocks: Array BioPharma Inc. (NASDAQ: ARRY), Catabasis
Pharmaceuticals Inc. (NASDAQ: CATB), Cerulean Pharma Inc. (NASDAQ: CERU), and Immunomedics Inc. (NASDAQ: IMMU). According to a
report released by professional services firm EY on Monday, June 19 th, 2017, revenue
for American and European biotech companies reached $139.4 billion in 2016, up 7% from a year
earlier. However, net income dropped 52% to $7.9 billion, and financing dropped 27% to $7.9 billion. Daily Stock Tracker provides great insights on these stocks in its free research reports at:
http://dailystocktracker.com/register/
Array BioPharma
Boulder, Colorado headquartered Array BioPharma Inc.'s shares surged 8.02%, finishing
Tuesday's trading session at $8.35. A total volume of 4.17 million shares was traded, which was
higher than their three months average volume of 3.84 million shares. In the last month, the stock has advanced 1.33%. The
Company's shares are trading above their 50-day and 200-day moving averages by 3.73% and 1.21%, respectively. Moreover, shares of
Array BioPharma, which focuses on the discovery, development, and commercialization of small molecule drugs to treat patients
with cancer in North America, Europe, and Asia/Pacific, have a Relative Strength Index (RSI) of 57.21.
On May 30 th, 2017, Array BioPharma and Bristol-Myers Squibb Company announced
that they have entered into a clinical research collaboration to investigate the safety, tolerability, and efficacy of the
former's investigational MEK inhibitor, binimetinib, in combination with Bristol-Myers Squibb's Opdivo (nivolumab)
and Opdivo + Yervoy (ipilimumab) regimen as a potential treatment for metastatic colorectal cancer in patients with
microsatellite stable tumors. Free research report on ARRY is available at:
http://dailystocktracker.com/registration/?symbol=ARRY
Catabasis Pharma
On Tuesday, shares in Cambridge, Massachusetts-based Catabasis Pharmaceuticals Inc. recorded
a trading volume of 90,095 shares, and ended the session 0.76% higher at $1.33. The stock is
trading 4.12% below its 50-day moving average. Shares of the Company, which focuses on the discovery, development, and
commercialization of therapeutic products based on safely metabolized and rationally targeted (SMART) linker drug discovery
platform in the US, have an RSI of 44.54.
On June 08 th, 2017, Catabasis Pharma announced positive preclinical data on
CAT-5571, supporting its potential as an oral treatment for cystic fibrosis (CF). These data, demonstrating CAT-5571's ability to
significantly reduce the intracellular bacterial load of P. aeruginosa and B. cenocepacia, suggest that it
could play an important role in improving clinical outcomes in combination with current CF therapies. The complimentary research
report on CATB can be downloaded at:
http://dailystocktracker.com/registration/?symbol=CATB
Cerulean Pharma
Shares in Waltham, Massachusetts headquartered Cerulean Pharma Inc. closed at $0.39, up 14.68% from the last trading session. The stock recorded a trading volume of 2.42 million shares,
which was above its three months average volume of 1.77 million shares. The Company's shares are trading 18.78% below their
50-day moving average. Additionally, shares of Cerulean Pharma, which develops nanotechnology-based therapeutics in the areas of
oncology and other diseases in the US, have an RSI of 44.54. Visit DailyStockTracker.com today and access our complete research
report on CERU at:
http://dailystocktracker.com/registration/?symbol=CERU
Immunomedics
Morris Plains, New Jersey headquartered Immunomedics Inc.'s stock ended 6.57% higher at
$8.27. A total volume of 4.58 million shares was traded, which was above their three months average
volume of 2.87 million shares. The Company's shares have advanced 12.52% in the last one month, 30.24% over the previous three
months, and 125.34% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 21.53% and 77.92%,
respectively. Furthermore, shares of Immunomedics, which focuses on the development of monoclonal antibody-based products for the
targeted treatment of cancer, autoimmune disorders, and other diseases, have an RSI of 64.51. Free research report on IMMU is
available at:
http://dailystocktracker.com/registration/?symbol=IMMU
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