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35 Plus 4 New Biotech Firms Have Been Housed In The Bioscience Park Center – (ARNA, PPHM, GILD) - Property Mentor Group

Property Mentor Group

35 Plus 4 New Biotech Firms Have Been Housed In The Bioscience Park Center – (ARNA, PPHM, GILD)

The Fitzsimons Redevelopment Authority celebrates the shift of four new companies from the Bioscience Park Center “incubator” to its new division called the “accelerator.” The four biotech companies including Touch of Life Technologies Mitomics USA, Greffex Inc. and Light Labs along with 35 other firms have been housed in the Bioscience Park Center. The new building already is 78 percent leased.


Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)

Arena Pharmaceuticals, Inc. (Arena) is a clinical-stage biopharmaceutical company. The stock advanced about 12 percent in the last week whereas healthcare stocks remained smooth on average. Last week was a good one for Arena (ARNA) investors. The stock is still trading about 40 percent inferior to its 52-week high.

Arena stock is value at $21.30 based on revenues. Arena strike the bull’s eye by winning a ten-year tax holiday for its manufacturing plant in Switzerland. Arena will acquire 31.5 percent of net sales from Eisai and a further 36.5 percent of any sales above $750 million.

In the last trading session, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) surged +7.43% and closed at $8.67 with the total traded volume of 17.48 million shares, more than the average volume of 14.40 million. Its market capitalization is 1.88 billion.


Peregrine Pharmaceuticals (NASDAQ:PPHM)

Peregrine Pharmaceuticals (NASDAQ:PPHM) declined 16.85% with the closing price of $2.32. The overall volume in the last trading session was 6.19 million shares. Its fifty two week range was $0.39-$3.21. The total market capitalization remained $241.68 million.

In its share capital PPHM has 104.17 million outstanding shares while 95.90 million shares have been floated in market. PPHM has insider ownership of 0.55% with its institutional ownership remaining at 8.05%. Company’s current year earnings per share grew with 10.15% while the five year EPS growth rate was 0.00%.

Gilead Sciences, Inc. (NASDAQ:GILD)

Gilead Sciences countenances stress to maintain a low price on its novel HIV drug. Gilead Sciences Inc. (GILD) may acquire permission by next week to trade what is anticipated to turn out to be a epic HIV drug, but the company previously faces a argument over how much it will cost.

Gilead Sciences, Inc. (NASDAQ:GILD) plunged -0.60% and closed at $56.48 with the overall traded volume of 3.72 million shares. GILD has earnings per share of $3.30. It gained 15.32% return on assets, 36.44% return on equity and its return on investment was 19.83%.

Rick Wolfe

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