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
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:
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:
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:
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:
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