Mast Therapeutics, Inc. (NYSE:MSTX) [Trend Analysis] moved up reacts as active mover, shares a gain 6.07% to traded at $0.16 and the percentage gap between open changing to regular change was 19.00%. Mast Therapeutics signs merger contract with privately held SavaraInc (MSTX). Mast Therapeutics (MSTX) and Savara, a privately-held emerging specialty pharmaceutical company focused on the treatment of rare respiratory diseases, reported that the two companies have entered into a definitive merger contract, under which the stockholders of Savara would become the majority owners of Mast, and the operations of Mast and Savara would be combined.
Subject to stockholder approval, the combined company will advance a pipeline of novel inhalation therapies for the treatment of diseases with important unmet medical needs, featuring three product candidates, each in advanced clinical development. The firm’s current ratio calculated as 1.40 for the most recent quarter. The firm past twelve months price to sales ratio was 771.03 and price to cash ratio remained 1.29. As far as the returns are concern, the return on equity was recorded as -216.90%, while its return on asset stayed at -83.70%. The firm has total debt to equity ratio measured as 0.88.
Mylan N.V. (NASDAQ:MYL) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.33% to $38.82. Mylan N.V. (MYL) reported that it has agreed to acquire global rights to Cold-EEZE brand cold remedy line from ProPhase Labs, Inc. The 20-year old Cold-EEZE brand includes a family of leading over-the-counter (OTC) cold remedies currently sold in the U.S. market, including zinc-based lozenges, gummies, oral sprays, capsules and oral liquid dose forms.
Cold-EEZE cold remedy zinc gluconate lozenges are a leading product in the homeopathic category and have been clinically shown to reduce the duration of the common cold.As per the terms of the contract, Mylan, through its U.S. OTC subsidiary, will purchase substantially all of the assets and other rights relating to the Cold-EEZE brand, including all U.S. businesses and U.S. and international trademarks.
The closing of the proposed sale, which is currently expected to occur in the first quarter of 2017, is subject to approval of the shareholders of ProPhase Labs and other customary closing conditions. The share price of MYL attracts active investors, as stock price of week volatility recorded 2.20%. The stock is going forward to its 52-week low with 15.54% and lagging behind from its 52-week high price with -28.42%.