Short Sellers Raise the Stakes in Major Biotechs
The January 12 short interest data have been compared with the previous report, and short interest moves in the selected biotech stocks were mixed.
The January 12 short interest data have been compared with the previous report, and short interest moves in the selected biotech stocks were mixed.
With the market trading at very extended valuations, and the S&P 500 on the longest streak ever without a 5% correction, it may make sense to move to some safer higher ground.
Puma Biotechnology saw its shares take a dive on Wednesday following regulatory events in Europe for its breast cancer treatment.
Solid Biosciences intends to price its 7 million shares so that its initial public offering is valued up to nearly $153 million.
Johnson & Johnson reported better-than-expected fourth-quarter financial results before the markets opened on Tuesday.
Out of favor and facing some headwinds, the medical real estate investment trusts are offering some outstanding value at current levels.
Nymox Pharmaceutical watched its shares make a solid gain on Monday after the firm announced five-year results from its prostate cancer study.
Bioverativ is adding to Monday’s M&A news after it was announced that Sanofi would be acquiring the firm.
Juno Therapeutics saw its shares take off early on Monday after it was announced that Celgene would be acquiring it.
Menlo Therapeutics plans on pricing its more than 5 million shares in a range that results in an initial public offering valued up to more than $104 million.
Credit Suisse sees tax reform sparking a wave of mergers in the emerging pharmaceuticals space, which could produce sector outperformance. The firm is cautiously optimistic on this front.
BeiGene saw its shares make a handy gain on Thursday after the company announced that it would be conducting a secondary offering.
Shares of Exelixis slipped on Wednesday after the company reported results from its late-stage trial of cabozantinib for advanced hepatocellular carcinoma.
ARMO BioSciences intends to price more than 6. million shares in a range that results in an initial public offering valued up to more than $122 million.
Juno Therapeutics saw its shares skyrocket early on Wednesday after reports that Celgene was in talks to acquire the company.