Market Buzz: Theravance Inc. (NASDAQ:THRX), Biogen Idec Inc(NASDAQ:BIIB), Sangamo Biosciences, Inc. (NASDAQ:SGMO)
Lakeway, NY — (US MARKET BUZZ) — 12/19/2014— thenextbigtrade.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Theravance Inc. (NASDAQ:THRX), Biogen Idec Inc(NASDAQ:BIIB), Sangamo Biosciences, Inc. (NASDAQ:SGMO).
Theravance Inc. (NASDAQ:THRX)’s shares gained 6.32% to $15.23. Shares of Theravance (NASDAQ:THRX) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, AnalystRatingsNetwork reports on Dec. 6. Two research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $20.40.
Biogen Idec Inc(NASDAQ:BIIB)’s shares gained 6.25% to $353.70. The company on Dec. 3 said it will present data supporting its approved hemophilia therapies at the 56th Annual Meeting of the American Society of Hematology (ASH) taking place in San Francisco, December 6-9. The company will present seven abstracts, including two oral presentations, demonstrating its ongoing commitment to advance innovative science in hematology, with the goal of addressing significant clinical needs and improving patient care.
Sangamo Biosciences, Inc. (NASDAQ:SGMO)’s shares gained 5.43% to $15.72. The company on Dec. 8 announced the presentation of new preclinical data from its proprietary programs for the treatment of lysosomal storage disorders (LSD) and Shire-partnered hemophilia program. These studies demonstrate the broad applicability of Sangamo’s In Vivo Protein Replacement Platform (IVPRP) for the potentially curative treatment of such diseases, and were presented at the 56th Annual Meeting of the American Society of Hematology (ASH) held in San Francisco from December 5 to 9, 2014.
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