Release

Today’s Research Reports on Stocks to Watch: Valeant Pharmaceuticals and Celsion Corporation

Valeant Pharmaceuticals and Celsion Corporation were pharmaceutical stocks that saw gains on Friday. Valeant got a lift in share price after legendary investor Bill Miller revealed how much he likes the stock while Celsion Corporation flew higher after withdrawing its plans for a stock offering.

RDI Initiates Coverage on:

Valeant Pharmaceuticals International, Inc.
https://ub.rdinvesting.com/news/?ticker=VRX

Celsion Corporation
https://ub.rdinvesting.com/news/?ticker=CLSN

Valeant Pharmaceuticals International, Inc. shares closed up 4.50% on Friday. It seems that legendary investor Bill Miller likes the company. He had good things to say about the company’s CEO Joe Papa and also said he thinks the stock would rise 50 percent over the next year. Even more optimistically, he thinks the stock could rise to $60 in the next three to five years. Traders were digging this as shares flew into the green. It’s been a little over a month since Valeant reported its disappointing first quarter earnings report. The company saw adjusted earnings per share of $0.78 for the quarter which significantly missed the $0.96 that analysts had expected according to the Zack’s Consensus Estimate. Revenue at $2.10 billion also missed the Zack’s Consensus Estimate of $2.16 billion and was an 11% drop from the year ago quarter.

Access RDI’s Valeant Pharmaceuticals Research Report at:
https://ub.rdinvesting.com/news/?ticker=VRX

Celsion Corporation was one of the biggest winners on the NASDAQ this past Friday, with shares closing up 56.10%. The stock’s share price sprang to life after it was revealed that the cancer drug development company had filed to withdraw plans for a stock offering. It was in April that Celsion had originally filed an S-1 statement with the SEC for the sale of shares. Just last Wednesday the company had even amended the statement for the sale of 2.45 million common shares and pre-funded and base warrants to buy over 4 million shares. On Friday however, Celsion announced in a filing that it had withdrawn the submitted statement and said it was "because it does not intend to pursue the contemplated offering at this time." Before its gains on Friday, the stock had been down 52% YTD.

Access RDI’s Celsion Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=CLSN

Our Actionable Research on Valeant Pharmaceuticals International, Inc. (NYSE: VRX) and Celsion Corporation (NASDAQ: CLSN) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.