Shares of Synergy Pharmaceuticals (SGYP) go into the chasm, after the pharma’s reported that it plans to offer 10 million common stock shares to finance its research and development activities, which comprise clinical trials of its plecanatide and SP-333 treatments for gastrointestinal disorders. The shares will go for $4.50 a pop.
Bad news as of the FDA send shares of Alexza (NASDAQ:ALXA) moved down about 20% at the close on Friday. The agency would not agree its new drug application for Adasuve, a schizophrenic and bipolar disorder treatment, until a deficiency is determined at a manufacturing facility for the application..
Sector analysis, over all healthcare sector moved down, Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA) declined -19.67%, Amarin Corporation plc (ADR) (NASDAQ:AMRN) lost -2.28%, Warner Chilcott Plc (NASDAQ:WCRX) slipped -0.37, Teva Pharmaceutical Industries Ltd (ADR) (NASDAQ:TEVA) dropped -2.09%, Ardea Biosciences, Inc. (NASDAQ:RDEA) which traded at flat and Allergan, Inc. (NYSE:AGN) fell -0.67%.
Synergy Pharmaceuticals Inc (NASDAQ:SGYP)’s reported the loss of -20.91% to close at $4.50 with the overall traded volume of 4.16 million shares. Its market capitalization was $244.38 billion. Its debt to equity ratio was at flat.
SGYP has the total of 64.31 million outstanding shares as compares to 13.41 million shares that were floated in the market.
SGYP has the market capitalization of $244.38 million, enterprise value of $231.13 million. The company has the price over book value of $25.00 for the most recent quarter. SGYP has the total of cash of $13.24 million as compares to total debt remained at flat for the most recent quarter with the current ratio of 5.21 for the most recent quarter.
The stock has a 52-week high price of $7.08 and its 52-week low was recorded at $1.86, has 50-Day moving average was $4.39 and 200-Day moving average was $3.62.
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