NEW YORK, July 20, 2016 /PRNewswire/ --

The Biotech arena continues to grapple with research and development costs, drug approvals, and high medicine prices. Additionally, the upcoming U.S. elections and its outcome might have a huge impact on the entire industry. This morning, Stock-Callers.com takes a look at four stocks in this space for further evaluation: Galena Biopharma Inc. (NASDAQ: GALE), Eleven Biotherapeutics Inc. (NASDAQ: EBIO), Relypsa Inc. (NASDAQ: RLYP), and Amgen Inc. (NASDAQ: AMGN). Sign up today and access our notes for free at: http://stock-callers.com/registration

Galena Biopharma 

San Ramon, California Galena-based biopharmaceutical company, Biopharma Inc.'s shares dropped 5.36%, closing Tuesday's trading session at $0.38. The stock recorded a trading volume of 4.25 million shares. The Company's shares are trading 71.27% below their 200-day moving average. Additionally, shares of Galena Biopharma, which focuses on developing and commercializing oncology therapeutics that address major unmet medical needs, have a Relative Strength Index (RSI) of 25.40.

On July 11th, 2016, research firm Maxim Group reiterated its 'Buy' rating with a decrease of the target price to $2 a share from $4 a share for the Company's stock.

On July 11th, 2016, Galena Biopharma announced the closing of its previously announced sale to certain institutional investors of 28,000,000 shares of common stock at a purchase price per share of $0.45 in a registered direct offering, and warrants to purchase up to 14,000,000 shares of common stock with an exercise price of $0.65 per share in a concurrent private placement. The net proceeds are expected to be approximately $11.7 million, which the company intends to use to fund its clinical trials of its product candidates, to augment its working capital, and for general corporate purposes. Free notes on GALE are available at: http://stock-callers.com/registration/?symbol=GALE

Eleven Biotherapeutics 

On Tuesday, Cambridge, Massachusetts-based Eleven Biotherapeutics Inc.'s stock recorded a trading volume of 1.16 million shares and ended the day 2.77% lower at $2.46. The Company's shares have advanced 5.58% in the last month and 246.48% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 38.41% and 49.12%, respectively. Furthermore, shares of Eleven Biotherapeutics, which engages in the discovery and development of protein therapeutics to treat eye diseases primarily in the United States, have an RSI of 59.52.

On July 08th, 2016, Eleven Biotherapeutics announced that its Investigational New Drug application for EBI-031, a humanized monoclonal antibody that potently binds interleukin-6 and inhibits all known forms of IL-6 cytokine signaling, for treatment of ocular diseases, has become effective. As a result of the achievement of this milestone, Eleven Biotherapeutic is entitled to receive a $22.5 million payment from F. Hoffmann-La Roche Ltd. and Hoffmann-La Roche Inc. pursuant to the terms of its license agreement with Roche signed on June 13th, 2016. The complimentary note on EBIO can be accessed at: http://stock-callers.com/registration/?symbol=EBIO

Relypsa 

Redwood City, California headquartered Relypsa Inc.'s stock finished the day 2.02% lower at $19.84 and with a total volume of 1.38 million shares traded. The Company's shares have advanced 10.84% in the last one month and 12.92% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 12.09% and 5.62%, respectively. Additionally, shares of Relypsa have an RSI of 58.42.

On July 18th, 2016, Relypsa, announced that the compensation committee of the company's board of directors has granted 2 new employees options to purchase an aggregate of 5,700 shares of the company's common stock with a per share exercise price of $20.67, the closing trading price on the grant date, and 2,850 restricted stock units. Visit us today and access our complete notes on RLYP at: http://stock-callers.com/registration/?symbol=RLYP

Amgen 

Shares in California headquartered biotechnology company, Amgen Inc., ended yesterday's session 0.27% lower at $162.49 and with a total volume of 2.25 million shares traded. The stock has advanced 8.60% in the last one month, 0.90% in the previous three months, and 1.46% since the start of this year. The Company's shares are trading 5.18% above their 50-day moving average and 6.37% above their 200-day moving average. Moreover, shares of Amgen, which engages in discovering, developing, manufacturing, and delivering human therapeutics worldwide, have an RSI of 66.30.

On June 29th, 2016, research firm Bernstein initiated a 'Market Perform' rating for the Company's stock.

On July 3rd, 2016, Amgen announced that the European Commission has approved a variation to the marketing authorization for Kyprolis® (carfilzomib) to include use in combination with dexamethasone alone for adult patients with multiple myeloma who have received at least one prior therapy. The EC approved the extended indication for Kyprolis based on data from the Phase 3 head-to-head ENDEAVOR trials. The approval by the EC follows the U.S. Food and Drug Administration's approval of a supplemental New Drug Application based on the ENDEAVOR results in January 2016. Get free access to your notes on AMGN at:

http://stock-callers.com/registration/?symbol=AMGN

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