How Far Will It Go? Opko Health Inc. (NASDAQ:OPK)

Opko Health Inc. (NASDAQ:OPK) is moving higher in Friday’s trading session.

Market Action

As of 11:44, OPK stock fell 3.15% to $3.765. The stock has traded 1.08 million shares, compared to its average volume of 5.33 million shares. After opening at $3.71, the stock has moved within a wide range of $3.6950 – 3.8100.

OPK Releases News Today

OPKO Health Reports Transfer of Licensed Rights to RAYALDEE® in Japan to Vifor

  • OPK announced a transfer of the licensed rights to RAYALDEE® in Japan from Japan Tobacco Inc. (JT) to Vifor Fresenius Medical Care Renal Pharma (VFMCRP).
  • On May 17, 2021, JT notified OPKO of its decision to terminate the exclusive agreement with OPKO’s subsidiary, EirGen Pharma, Ltd., for the development and commercialization of RAYALDEE® in Japan based on a comprehensive review of its development pipeline.
  • Concurrently with the termination of JT’s rights, EirGen and VFMCRP have agreed to transfer the rights to RAYALDEE® in Japan to VFMCRP by including Japan into the existing exclusive agreement between the two companies, executed on May 9, 2016, for the development and commercialization of RAYALDEE® in Europe and certain other international markets for the treatment of secondary hyperparathyroidism (SHPT) in patients with chronic kidney disease (CKD) and vitamin D insufficiency.

Trader Notes

Share Information

SHARE FLOAT (%)403.42 M (60.20%)

Recent Stock Performance

5-DAY PERF.+4.16%
1-MONTH PERF.-11.94%
3-MONTH PERF.-17.90%
6-MONTH PERF.-3.84%
YTD PERF.-4.81%
1-YEAR PERF.+46.87%

Moving Averages

+/- EMA(20)3.79 (-0.79%)
+/- SMA(50)4.16 (-9.62%)
+/- SMA(200)4.26 (-11.74%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-35.3615NeutralChaikin Money Flow-0.2941Sell
MACD-0.2031SellMoney Flow Index33.4371Buy
STOCH (14,3)38.8235BuySTOCH RSI0.9048OverBought
UO50.0840BuyWilliams %R-61.1765Neutral

Related Posts

About The Author