Today’s Research Reports on Stocks to Watch Achillion Pharmaceuticals and Corbus Pharmaceuticals
Achillion’s stocks today were not as volatile as yesterday with the value increasing by the close of business today. Corbus Pharma is also struggling, but the positive results from the second phase of the clinical drug trials are set to shed some optimistic light on the company’s stocks going forward.
RDI Initiates Coverage:
Achillion Pharmaceuticals, Inc.
Corbus Pharmaceuticals Holdings Inc.
Achiullion Pharmaceuticals stocks closed today on a high, with the share price increasing marginally. The company’s stock closed at $4.28, a 0.23% rise from the previous closing. It has been a month since the company released its latest earnings report and the stock value has plummeted 11.3%, with the data indicating underperformance of the stock in terms of trade volume. Achillion’s EPS dipped 0.03% during the fourth quarter financial period. The company’s Q4 revenue reduced by half, reporting $15 million, compared to $31.6 million registered a year ago.
The company’s expenses increased, with overall spending on drug trials, manufacturing and consulting costs making up the majority of the operating expenses of $15 million. Analysts have remained quiet on the company’s 2017 estimates. The company is still struggling to offset competition, facilitate clinical trials.
Access RDI’s Achillion Pharmaceuticals Research Report at:
The company’s stocks struggled to remain on the green today, to close at $7.95. By midday, the price had shot up to register highs of $8.45, but this barely lasted until 4pm. The phase 2 study of the clinical drug trial is now complete, after completion of the phase 1 study a fortnight ago. The results were positive, with the probability rate of success on the Cystic Fibrosis research going up by 50% from 30%.
The additional funds boosted the research’s success probability. The company announced that the main focus of the phase 2 study is to ensure the patients’ safety. The company is working to ensure that the patient’s condition does not deteriorate due to therapeutic procedures.
Access RDI’s Corbus Pharmaceuticals Research Report at:
Our Actionable Research on Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) and Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) can be downloaded free of charge at Research Driven Investing.
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