29 December 2016
Pfizer Inc. (NYSE:PFE) [Trend Analysis], stock eased up around 0.15% in early session as its gaining volume of 11.21 Million. US pharma giant, Pfizer (NYSE:PFE) and Russia’s NovaMedica, a company established in 2012 by Russian high-technology investment fund Rusnano and American healthcare fund Domain Associates, have completed the last stage of negotiations for a long-term strategic partnership designed to transfer the rights and technologies for the production of more than 30 life-saving and essential drugs from the Pfizer product portfolio.The deal will enable Pfizer and NovaMedica to improve the health of patients in Russia and modernize the Russian pharmaceutical industry.
As reported in July this year, under the terms of the partnership, Pfizer will invest in NovaMedica and collaborate on the construction of a state-of-the-art aseptic manufacturing facility in the province of Kaluga. The facility is intended to be built in accordance with the highest world-class and current Good Manufacturing Practices (cGMP) standards and requirements of the Russian authorities, which would potentially enable NovaMedica to manufacture for export markets.
The stock showed weekly upbeat performance of -0.91%, which maintained for the month at 2.65%. Similarly, the positive performance for the quarter recorded as -2.88% and for the year was 4.13%, while the YTD performance remained at 4.59%. PFE has Average True Range for 14 days of 0.48.
Horizon Pharma plc (NASDAQ:HZNP) [Trend Analysis] pretends to be active mover, stock moved down around -1.35% to traded at $16.79. To accommodate long-term intention, experts calculate Return on Investment of 3.00%. The firm has Profit Margin of negative -1.30%.
The liquidity measure in recent quarter results of the company was recorded 2.00 as current ratio, on the other side the debt to equity ratio was 0.84, and long-term debt to equity ratio remained 0.84. The Company has gross margin of 66.00% and profit margin was negative -1.30% in trailing twelve months. (Read Latest [Free Analytic] Facts on NASDAQ:HZNP and Be Updated)Print
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