Home / Biopharma / Healthcare Stocks in Concern: AbbVie Inc. (NYSE:ABBV) , Hemispherx Biopharma (NYSEMKT:HEB), Cellectar Biosciences (NASDAQ:CLRB)

Healthcare Stocks in Concern: AbbVie Inc. (NYSE:ABBV) , Hemispherx Biopharma (NYSEMKT:HEB), Cellectar Biosciences (NASDAQ:CLRB)

AbbVie Inc. (NYSE:ABBV) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.35% to $62.93. AbbVie (ABBV) released that the European Commission permitted IMBRUVICA (ibrutinib) as a first-line treatment option for adult patients by means of chronic lymphocytic leukemia or CLL. This is the drug’s fifth treatment indication in the EU and this approval means that IMBRUVICA is now available to treat all lines of CLL in the EU. The latest endorsement is an expansion upon the initial EC approval in October 2014 for certain patients with CLL, the company noted.

The firm released that broadened indication is based on data from the Phase 3 RESONATE-2 (PCYC-1115) trial.

This was also the basis for the March 2016 U.S. approval in the first-line CLL/SLL treatment setting and the May 2016 update to the U.S. Prescribing Information to include positive overall survival data. IMBRUVICA is jointly developed and commercialized in the U.S. by Pharmacyclics LLC, an AbbVie company and Janssen Biotech, Inc. In Europe, Janssen-Cilag International NV holds the marketing authorization and its affiliates market IMBRUVICA in EMEA, as well as the rest of the world. The share price of ABBV attracts active investors, as stock price of week volatility recorded 1.80%. The stock is going forward to its 52-week low with 41.26% and lagging behind from its 52-week high price with -9.50%.

Hemispherx Biopharma, Inc. (NYSEMKT:HEB) [Trend Analysis] plunged reacts as active mover, shares a loss -3.03% to traded at $0.12 and the percentage gap between open changing to regular change was 0.65%. Hemispherx Biopharma (HEB) released that it executed a renewed sales, marketing, distribution, and supply contract for Argentina with GP Pharm Latino America, an affiliate co of Spanish GP Pharm.

According to this new agreement, GP Pharm will be responsible for gaining regulatory approval in Argentina for Ampligen, an experimental therapeutic to treat Myalgic Encephalomyelitis/Chronic Fatigue Syndrome and for commercializing Ampligen for this indication in Argentina. The co has granted GP Pharm expanded rights to sell this experimental therapeutic into other Latin American countries based upon GP Pharm achieving certain performance milestones.

The co has also granted GP Pharm an option to market Alferon N Injection trademarked in Argentina as Naturaferon, its FDA approved natural interferon, in Argentina and other Latin America countries. The firm’s current ratio calculated as 3.10 for the most recent quarter. The firm past twelve months price to sales ratio was 289.45 and price to cash ratio remained 3.71. As far as the returns are concern, the return on equity was recorded as -62.90% and return on investment was -83.20% while its return on asset stayed at -55.40%. The firm has total debt to equity ratio measured as 0.00.

Cellectar Biosciences, Inc. (NASDAQ:CLRB) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 7.62% to close at $3.25 with the total traded volume of 1.33 Million shares. Cellectar Biosciences (CLRB) released that the USPTO has issued a patent which covers treatment of cancer stem cells employing the co’s phospholipid drug conjugate delivery platform technology; specifically, either of the co’s current PDC products, CLR 131 or CLR 125, in combination with external beam radiation. This patent provides intellectual property protection to at least June 2030. The firm has institutional ownership of 6.70%, while insider ownership included 16.80%. CLRB attains analyst recommendation of 2.00 with week performance of -20.15%.

About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

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