Biotech Decliners: Eleven Biotherapeutics Inc (NASDAQ:EBIO), Egalet Corp (NASDAQ:EGLT), Biota Pharmaceuticals Inc (NASDAQ:BOTA), NanoString Technologies Inc (NASDAQ:NSTG)

On May 07, 2014 Eleven Biotherapeutics Inc (NASDAQ:EBIO) , a clinical-stage biopharmaceutical company discovering and developing protein therapeutics to treat diseases of the eye, announced it will report first quarter 2014 financial results on Thursday, May 15, 2014. Eleven’s management team will host a conference call and audio webcast at 8:30 a.m., Eastern Time on Thursday, May 15, 2014 to discuss the quarterly results and recent business developments. Eleven Biotherapeutics Inc (NASDAQ:EBIO) weekly performance is -0.89%. On last trading day company shares ended up $11.16. Analysts mean target price for the company is $28.00. Eleven Biotherapeutics Inc (NASDAQ:EBIO) distance from 50-day simple moving average is -6.73%.

On June 5,2014 Egalet Corp. ( EGLT) will present at the Jefferies 2014 Global Health Care Conference in New York City. Egalet Corp (NASDAQ:EGLT) shares fell -6.06% in last trading session and ended the day on $13.49. EGLT its return on assets is -108.80%. Egalet Corp (NASDAQ:EGLT) quarterly performance is -15.74%.

Biota Pharmaceuticals Inc (NASDAQ:BOTA), an anti-infective drug development company, intends to lower its fixed costs and expenses over the next six to nine months. The move will help the company to live another day in the future. The expenses adjustment is expected to help the company align with its revenue reality. Biota Pharmaceuticals Inc (NASDAQ:BOTA) shares moved down -6.00% in last trading session and was closed at $3.29, while trading in range of $3.26-$3.50. Biota Pharmaceuticals Inc (NASDAQ:BOTA) year to date performance is -21.48%.

NanoString Technologies Inc (NASDAQ:NSTG), announced that its management is scheduled to participate in the JMP Securities Healthcare Conference 2014 in New York. NanoString management is scheduled to present on Wednesday, June 25, 2014 at 9:00 am ET. NanoString Technologies Inc (NASDAQ:NSTG) ended the last trading day at $15.06. Company weekly volatility is calculated as 6.68% and price to cash ratio as 3.17. NanoString Technologies Inc (NASDAQ:NSTG) showed a negative weekly performance of -2.71%.