Philip Morris International Inc. Stock Rises Tuesday, Still Underperforms Market

Spectrum Pharmaceuticals Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

Spectrum Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on acquiring, developing, and commercializing targeted oncology therapies. The Company's product portfolio consists of in-development drug products for the treatment of cancer patients. The Company's pipeline products include Eflapegrastim and Poziotinib. The Eflapegrastim is a long-acting granulocyte colony-stimulating factor (G-CSF) for chemotherapy-induced neutropenia. Poziotinib is a, pan-HER inhibitor that irreversibly blocks signaling through the Epidermal Growth Factor Receptor (EGFR) family of tyrosine-kinase receptors, including HER1 (erbB1; EGFR), HER2 (erbB2), HER4 (erbB4), and HER receptor mutations. The Eflapegrastim employs a LAPSCOVERY technology to enhance the duration of therapeutic effects and reduce the frequency of administration.

Philip Morris International Inc. Stock Rises Tuesday, Still Underperforms Market

5:18 pm ET November 15, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Philip Morris International Inc. (PM) inched 0.79% higher to $94.67 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.87% to 3,991.73 and the Dow Jones Industrial Average rising 0.17% to 33,592.92. Philip Morris International Inc. closed $17.81 short of its 52-week high ($112.48), which the company reached on February 18th.

The stock outperformed some of its competitors Tuesday, as Altria Group Inc. (MO) fell 0.68% to $43.66, British American Tobacco PLC ADR (BATS.LN) rose 0.50% to $38.50, and Imperial Brands PLC ADR (IMB.LN) rose 0.48% to $24.21. Trading volume (4.2 M) remained 441,256 below its 50-day average volume of 4.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 15, 2022.

(END) Dow Jones Newswires

November 15, 2022 17:18 ET (22:18 GMT)