How Are PDL BioPharma Inc(NASDAQ:PDLI), Nektar Therapeutics(NASDAQ:NKTR), and Eli Lilly and Co(NYSE:LLY) Faring In The Pharmaceutical Sector?
New York, NY – GDP INSIDER – 10/21/2014.
This article discusses three pharmaceutical companies: PDL BioPharma Inc(NASDAQ:PDLI), Nektar Therapeutics(NASDAQ:NKTR), and Eli Lilly and Co(NYSE:LLY)
PDL BioPharma Inc(NASDAQ:PDLI) is a Nevada-based biotechnology company that manages a portfolio of patients and royalty assets. On Oct. 17th, Pomerantz LLP announced that it had filed a class action lawsuit against the company and certain officers. The lawsuit is on behalf of individuals who purchased securities in the company between Nov. 6th, 2013 and Sept. 16th, 2014. As with many class action lawsuits, it seeks to recover damages from alleged federal securities laws violations.
Nektar Therapeutics(NASDAQ:NKTR) is a clinical-stage biopharmaceutical company that develops drug candidates that utilize its PEGylation and polymer conjugate technology platforms in the United States. The company’s drug candidates include naloxegol, an opioid antagonist and BAY41-6551, which would be used to treat gram-negative pneumonias. The California-based company has a market capitalization of over $1.58 billion and 127.3 million tradeable shares. Nektar Therapeutics has traded within a range of $8.87 to $15.34 over the past 52 weeks.
Eli Lilly and Co(NYSE:LLY) had a bid price of $62.50 x 100 and an offer price of $65.00 x 400 on Oct. 21st, 2014, figures which suggest the company’s trading value may soon fluctuate. However, the company only had a trading volume of 2.9 million on Oct. 20th, a figure which is 0.97 million lower than its three month average volume of 3.87 million. That figure could spike on Oct. 23rd, when the company will be releasing its next earnings report.
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