Home / Biopharma / Active Movers in Hot Line: Pfizer Inc. (NYSE:PFE), Valeant Pharmaceuticals International (NYSE:VRX)

Active Movers in Hot Line: Pfizer Inc. (NYSE:PFE), Valeant Pharmaceuticals International (NYSE:VRX)

Pfizer Inc. (NYSE:PFE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.20% to close at $31.92 with the total traded volume of 21.63 Million shares. EMD Serono Inc., the biopharmaceutical business of Merck KGaA, Darmstadt, Germany, in the US and Canada, and Pfizer Inc. (PFE) reported that the US Food and Drug Administration has agreed for Previousity Review EMD Serono’s Biologics License Application or BLA for avelumab.

The review relates to avelumab’s proposed use in patients with metastatic Merkel cell carcinoma (MCC), based on tumor response results from the JAVELIN Merkel 200 trial. Avelumab is an examinational fully human anti-PD-L1 IgG1 monoclonal antibody and could be the first treatment indicated for metastatic MCC in the US, if agreed. MCC is a rare and aggressive skin cancer, which impacts about 2,500 Americans a year. The firm has institutional ownership of 70.60%, while insider ownership included 0.04%. Its price to sales ratio ended at 3.64. PFE attains analyst recommendation of 2.40 with week performance of 1.11%.

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.61% to $17.16. Valeant Pharmaceuticals International, Inc. (NYSE:VRX) revealed that it has initiated a important sales force expansion to focus on potential primary care physician (PCP) prescribers of Xifaxan for irritable bowel syndrome with diarrhea (IBS-D) and Relistor for opioid induced constipation (OIC.) With the launch of the expanded sales force effort over the coming weeks, the firm expects to reach a important majority of likely Xifaxan and Oral Relistor primary care prescribers.

The costs of this program were considered in before reported guidance for the full year 2016. “Our goal in building a primary care sales force is to maximize opportunities for Xifaxan and Relistor to help our products reach full potential. Xifaxan and Relistor are integral to our gastrointestinal franchise which remains a core asset for future growth potential in the hands of Valeant,” stated Joseph C. Papa, chairman and chief executive officer.

“With about 70% of IBS-D patients initially presenting with symptoms to a primary care physician, our dedicated PCP sales force will be better able to reach the patients in need of IBS-D treatment and in doing so will additional advance our mission to improve people’s lives with our healthcare products.” The share price of VRX attracts active investors, as stock price of week volatility recorded 4.48%. The stock is going forward to its 52-week low with 24.62% and lagging behind from its 52-week high price with -85.68%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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