Today's Research Report Coverage on Biotech Stocks -- Bellicum Pharma, Cara Therapeutics, Cerus, and Coherus Biosciences
NEW YORK, August 29, 2017 /PRNewswire/ --
If you want a Stock Review on BLCM, CARA, CERS, or CHRS then come over to http://dailystocktracker.com/register and sign up for your free customized report today. This morning, DailyStockTracker.com revisits the Biotech space, which consists of companies that are engaged in the research and development of new drugs, medical devices, and procedures. The industry also includes the manufacturing and marketing of drugs as a result of direct research and development. For assessment are the following equities: Bellicum Pharmaceuticals Inc. (NASDAQ: BLCM), Cara Therapeutics Inc. (NASDAQ: CARA), Cerus Corp. (NASDAQ: CERS), and Coherus Biosciences Inc. (NASDAQ: CHRS). Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:
http://dailystocktracker.com/register
Bellicum Pharma
On Monday, shares in Houston, Texas headquartered Bellicum Pharmaceuticals Inc. recorded a trading volume of 2.28 million shares, which was above their three months average volume of 752,840 shares. The stock ended the session 13.77% higher at $9.42. The Company's shares are trading 12.89% below their 50-day moving average. Moreover, shares of Bellicum Pharma, which focuses on discovering and developing novel cellular immunotherapies for the treatment of hematological cancers, solid tumors, and orphan inherited blood disorders in the US and internationally, have a Relative Strength Index (RSI) of 51.61.
On August 03rd, 2017, Bellicum Pharma announced that Gregory Naeve, Ph.D. has been appointed as Chief Business Officer, effective August 21st, 2017. Dr. Naeve, who will report to CEO Rick Fair, will lead product and portfolio strategy as well as business development for the Company. The free research report on BLCM is available at:
http://dailystocktracker.com/registration/?symbol=BLCM Cara Therapeutics
Stamford, Connecticut headquartered Cara Therapeutics Inc.'s stock closed the day 0.63% higher at $12.83 with a total trading volume of 911,995 shares. The Company's shares have advanced 38.11% since the start of this year. The stock is trading 12.55% below its 200-day moving average. Additionally, shares of Cara Therapeutics, which focuses on developing and commercializing chemical entities designed to alleviate pain and pruritus by selectively targeting kappa opioid receptors in the US, have an RSI of 32.52.
On August 01st, 2017, Cara Therapeutics announced the appointment of Mani Mohindru, Ph.D. as CFO and Chief Strategy Officer, effective August 15th, 2017. Josef Schoell, who has held the CFO position at the Company for more than a decade, will be retiring. Dr. Mohindru most recently served as Chief Strategy Officer at Curis, Inc., where she was instrumental in the development and management of overall corporate strategy. The complimentary report on CARA can be downloaded at: http://dailystocktracker.com/registration/?symbol=CARA Cerus
Shares in Concord, California headquartered Cerus Corp. recorded a trading volume of 650,324 shares. The stock ended yesterday's trading session 1.68% lower at $2.34. The Company's shares have advanced 3.54% in the past month and 2.18% in the previous three months. The stock is trading below its 50-day moving average by 1.86%. Furthermore, shares of Cerus, which focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety, have an RSI of 40.26.
On August 02nd, 2017, Cerus announced that it has entered into a $40-million amended growth capital credit facility with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide. Under the amended facility, Cerus received an immediate $30-million loan at closing on July 31st, 2017, and has the option to draw another $10 million, subject to achieving a specified revenue milestone. Visit us today and download our complete research report on CERS for free at:
http://dailystocktracker.com/registration/?symbol=CERS Coherus Biosciences
Redwood City, California headquartered Coherus Biosciences Inc.'s stock finished Monday's session 0.71% higher at $14.25 with a total trading volume of 597,782 shares. The Company's shares have advanced 6.34% in the last one month. The stock is trading above its 50-day moving average by 4.79%. Additionally, shares of Coherus Biosciences, which focuses on developing and commercializing biosimilar products worldwide, have an RSI of 60.00.
On August 07th, 2017, Coherus Biosciences reported financial results for the quarter ended June 30th, 2017. For the quarter, cash used in operations was $55.6 million; total revenue was $1.4 million; and net loss was ($55.3) million. Cash, cash equivalents, and investments in marketable securities - short-term totaled $118.3 million as of June 30th, 2017.
On August 08th, 2017, research firm JP Morgan reiterated its 'Overweight' rating on the Company's stock with a decrease of the target price from $32 a share to $25 a share. Get free access to your technical report on CHRS at:
http://dailystocktracker.com/registration/?symbol=CHRS
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