Can Peregrine Pharmaceuticals (NASDAQ:PPHM) Attract Investors Again

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Las Vegas, NV -- (SBWIRE) -- 01/23/2013 -- Peregrine Pharmaceuticals (NASDAQ:PPHM) currently trading at $2.15 has touched the highest of $5.50 in last one year. The share price reached the level of $5.50 in September, 2012, after the news of controversial study about Bavituximab, a drug for the treatment of lung cancer. But after the release of the report about the stellar survival results, the investors lost their interest in Peregrine Pharmaceuticals and the stock dropped down.

Peregrine Pharmaceuticals is engaged in research and development for the diagnosis and treatment of cancer. The company has successfully developed treatments for lung cancer, pancreatic cancer, and Hepatitis C. The company has sponsored trial program for the treatment of liver cancer, prostate cancer and breast cancer. Beside that company own a subsidiary company as well under name Avid Bioservices Inc that is engage in development of enzymes, protein, antibodies and much more. The company is operating in California since 1981 and is targeting United States and globaly for its product with collaboration and via direct selling as well.

To find out what OTCMAGIC projects for Peregrine Pharmaceuticals, Inc. for both short term and long term please click here: PPHM

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