The Biotech Industry has provided investors with impressive gains over the past year. The NASDAQ Biotech Index (NASDAQ:NBI) and the SPDR S&P Biotech ETF (NYSE:XBI - News) have seen gains of approximately 46 percent and 37 percent, respectively, in the past year. Over the same period the NASDAQ and S&P 500 Index have posted gains of 23 percent and 25.5, respectively. The U.S. Food and Drug Administration approved a total of 39 new drugs in 2012, the second highest total since 1996.
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA - News) shares traded in the range of $18.94 to $19.51 Thursday before settling to close at $18.96. The stock appears to be facing resistance at $19.60 with strong support at $18.76. The company is scheduled to present at the Jefferies 2013 Global Healthcare Conference on Wednesday, June 5th. Ariad Pharmaceuticals shares have gained approximately 13 percent in the past year.
More information on Ariad Pharmaceuticalsand access to the free equity report can be found at: www.WallStreetFundamentals.com/ARIA
Galena Biopharma Inc. (NASDAQ:GALE - News) shares traded in the range of $2.43 to $2.50 Thursday before settling to close at $2.44. The stock appears to be facing stiff resistance at $2.50. Galena’s NeuVax is the first adjuvant breast cancer vaccine to enter pivotal Phase 3 clinical trials. Shares of Galena Biopharma have gained approximately 86 percent in the past year.
More information on Galena Biopharma and access to the free equity report can be found at: www.WallStreetFundamentals.com/GALE
Immunomedics, Inc. (NASDAQ:IMMU - News) shares traded in the range of $3.46 to $3.99 Thursday before
settling to close at $3.92. The stock appears to be facing some support at the $2.24 and $2.31 levels. The company recently provided an update on the progress of the antibody-drug conjugate (ADC) programs at the New York Biotechnology Association's Annual Meeting.Immunomedics shares have gained approximately 16 percent in the past year.
More information onImmunomedicsand access to the free equity report can be found at: www.WallStreetFundamentals.com/IMMU
Vanda Pharmaceuticals Inc. (NASDAQ:VNDA - News) shares traded in the range of $8.36 to
$9.48 Thursday before settling to close at $9.20. The stock appears to have some support at $8.32. The company plans to submit a New Drug Application fortasimelteon for Non-24-Hour Disorder sometime in mid-2013. Shares of Vanda Pharmaceuticals have gained approximately 95 percent in the past year.
More information onVanda Pharmaceuticalsand access to the free equity report can be found at: www.WallStreetFundamentals.com/VNDA
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