Today's Research Reports on Stocks to Watch: Enanta Pharmaceuticals and Vascular Biogenics
NEW YORK, NY / ACCESSWIRE / June 7, 2018 / Enanta Pharmaceuticals as well as Vascular Biogenics were two stocks in the biotech arena making big moves in Wednesday's trading session. Enanta climbed higher despite any remarkable news from the company while Vascular Biogenics soared on impressive data released at the 2018 BIO International Convention.
RDI Initiates Coverage on:
Enanta Pharmaceuticals, Inc.
https://www.rdinvesting.com/report/?ticker=ENTA
Vascular Biogenics Ltd.
https://www.rdinvesting.com/report/?ticker=VBLT
Enanta Pharmaceuticals, Inc. shares closed up 9.62% on about 353,000 shares traded yesterday. The stock hit a brand new high of $109.93 despite any catalyst or news. The research and development-focused biotechnology company's CEO Jay R. Luly, will make a presentation followed by a question and answer session at the NASDAQ 38th Investor Conference on June 12 at 9:30 a.m. GMT in London. The company has used its robust, chemistry-driven approach and drug discovery capabilities to become a leader in the discovery of small molecule drugs for the treatment of viral infections and liver diseases. It was about a month ago that the company posted its second quarter financial results, revealing net income of $12.6 million. In the year ago period the company had posted a loss. Profit was 61 cents a share and revenue was $44 million.
Access RDI's Enanta Pharmaceuticals, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=ENTA
Vascular Biogenics Ltd. shares closed up almost 40% on Wednesday with about 5.8 million shares traded. The biotech company saw its shares explode in after hours trading on Tuesday after presenting data on its novel MOSPD2 program in oncology and inflammation at the 2018 BIO International Convention. The data found that MOSPD2 plays a key role in the regulation of cell motility. CEO Dror Harats, M.D., stated, "We have generated data indicating that MOSPD2 is required for directional movement, or chemotaxis, of tumor cells and certain immune cells, and therefore appears to play a central role in both oncology and inflammation. We continue to advance our exciting VB-600 series of antibodies as drug candidates for oncology and inflammatory indications." MOSPD2 can be found in many types of solid tumors.
Access RDI's Vascular Biogenics Ltd. Research Report at:
https://www.rdinvesting.com/report/?ticker=VBLT
Our Actionable Research on Enanta Pharmaceuticals, Inc. (NASDAQ: ENTA) and Vascular Biogenics Ltd. (NASDAQ: VBLT) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
