LONDON, June 19, 2013 /PRNewswire/ --
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Drug manufacturers in the U.S., as well as globally, have been
facing increasing competition from generic drug makers following
the expiration of patents on several blockbuster drugs. In 2013
alone, patents on drugs with annual sales of nearly $30 billion are set to expire. This will lead to
further generic competition. The "patent cliff" has created
significant challenges for drug manufacturers. The key for drug
companies will be to boost their product pipelines and collaborate
with institutions and biotechnology companies that have developed,
or are developing, potential blockbuster drugs. On Tuesday, June 18, 2013, shares in drug
manufacturers and generic drug companies ended mostly higher,
tracking gains in the broader market. The major movers in the
sector included Dynavax Technologies Corporation (NASDAQ: DVAX),
Warner Chilcott Plc (NASDAQ: WCRX), Avanir Pharmaceuticals Inc.
(NASDAQ: AVNR), and Actavis Inc. (NYSE: ACT). All these companies
are tracked by AAAResearchReports.com. Free technical research on
DVAX, WCRX, AVNR, and ACT can be downloaded upon sign up at
http://www.aaaresearchreports.com/register/
Shares in Dynavax Technologies Corporation tumbled on Tuesday,
extending their losses from previous trading sessions. The
company's shares hit a 52-week low of $0.99 before finishing the day 5.45% lower at
$1.04. A total of 6.57 million shares
were traded, which is well above the daily average volume of 3.30
million. The drug manufacturer's shares have declined by over
13.30% in the last three sessions, and so far this year, the stock
has tumbled over 62.00%. Besides, the company's shares are
currently trading 79.61% below their 52-week high. Sign up today to
read free research report on DVAX at:
http://www.AAAResearchReports.com/DVAX061913.pdf
Warner Chilcott Plc's stock moved 0.33% higher yesterday,
reversing some of its recent losses. The company's shares traded
between $19.64 and $19.88 before
closing the day at $19.75 on a total
of 3.44 million shares traded, which is well below the daily
average volume of 10.64 million. Shares of this drug maker have
dropped by nearly 1.40% in the last three sessions. Since the start
of 2013, the stock has gained over 68.00%, thus outperforming the
S&P 500. The company's shares are currently trading well above
their 50-day and 200-day moving averages. Register to download free
technical analysis on WCRX at:
http://www.AAAResearchReports.com/WCRX061913.pdf
Shares in Avanir Pharmaceuticals Inc. rose sharply on Tuesday,
extending their gains from the previous market
sessions. The company's shares hit an intraday high of $4.62 before ending the day 2.10% higher at
$4.61. It also saw a total of 3.02
million shares traded which is well above the daily average volume
of 2.00 million. Shares of Avanir Pharma have jumped by over 8.20%
in the last three sessions. So far this year, the stock has gained
over 79.00%, hence outperforming the S&P 500. Moreover, the
company's shares are currently trading 3.56% below their 52-week
high. A free report on AVNR can be accessed by registering at:
http://www.AAAResearchReports.com/AVNR061913.pdf
Actavis Inc.'s stock saw a surge on Tuesday, closing at
$125.67, up 0.58% from its previous
closing price. The company's shares traded between $124.44 and $126.27 on total of 621,683 shares
traded which is well below the daily average volume of 2.06
million. Actavis' shares are now down by over 0.60% in the last
three trading sessions. Furthermore, the stock is currently trading
above its 50-day and 200-day moving averages. Register with AAA
Research Reports and download the research on ACT for free at:
http://www.AAAResearchReports.com/ACT061913.pdf
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SOURCE AAA Research Reports