Streetwise Reports' Article Archives — August 2021 back to current month (33)

Biopharma's Antibody Approved as Hodgkin's Lymphoma Treatment in China (08/31/2021)

"This marks the first regulatory approval of an OmniAb antibody discovery engine-derived antibody since Ligand Pharmaceuticals first acquired the technology in 2016," noted an H.C. Wainwright & Co. report.

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AC Immune Shares Rise 16% After Phase 2 Alzheimer's Trial Data Shows Significant Reductions in Cognitive Decline (08/31/2021)

AC Immune SA shares set a new 52-week intraday high after the company reported positive cognitive results for tau-targeting monoclonal antibody semorinemab in a clinical study of patients with mild-to-moderate Alzheimer's disease.

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Israeli Biopharma Advances Five Drug Candidate Trials in Q2/21 (08/30/2021)

The progress Can-Fite BioPharma made with these studies is briefly summarized in a Dawson James Securities report.

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Third Implantation of Device Firm's Total Artificial Heart That 'Could Save Many Patients Who May Die' (08/30/2021)

An H.C. Wainwright & Co. report noted that Carmat's Aeson implant "could save many patients who may die, due to [a] shortage of donor hearts, while waiting for a heart transplant."

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Poseida Shares Point Higher After FDA Clears NDA for Relapsed/Refractory Multiple Myeloma Treatment Candidate (08/30/2021)

Shares of Poseida Therapeutics traded 10% higher after the company reported that the U.S. Food and Drug Administration granted clearance for its Investigational New Drug Application for P-BCMA-ALLO1, an allogeneic CAR-T candidate for use in treating relapsed/refractory multiple myeloma.

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Bolt Bio Partners With Innovent Biologics to Create Three New Cancer Treatments (08/28/2021)

Shares of Bolt Biotherapeutics Inc. traded nearly 10% higher after the company reported it is collaborating with Innovent Biologics to develop three new oncology Boltbody™ ISAC programs.

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Dermatological Device Company to Acquire Laser System Firm (08/24/2021)

An H.C. Wainwright report noted that "this deal is an opportunity for STRATA Skin Sciences to substantially increase its long-term, recurring revenue base."

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With November PDUFA Date, FDA Could Approve Biotech's Lead Cell Therapy Soon (08/24/2021)

A BTIG report noted that Legend Biotech's cilta-cel has the potential "to take significant market share within the relapsed-refractory multiple myeloma market and establish a best-in-class profile."

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Biopharma's Amino Acid Compound Shows Anti-Inflammatory Effect (08/23/2021)

Studies suggest that Galmed Pharmaceuticals' Amilo-5MER has "therapeutic potential in a number of inflammatory diseases," according to an H.C. Wainwright & Co. report.

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Trillium Receives US$2.26B Buyout Bid, Shares Trade 190% Higher (08/23/2021)

Trillium Therapeutics shares traded 190% higher after the company reported it agreed to be acquired by pharmaceutical giant Pfizer Inc. for $18.50 per share in cash.

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Specialty Pharma's Q2/21 Results 'Fundamentally Ahead of Expectations' (08/23/2021)

A ROTH Capital Partners report noted that Assertio Therapeutics' business model is starting to gain traction.

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Flora Shares Sprout Higher on H1 Financial Results and Positive FY Sales Outlook (08/20/2021)

Shares of natural cannabis firm Flora Growth Corp. rose 43% after the company reported H1/21 financial results and indicated it expects H2/21 revenues will be in the range of US$9-11 million.

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Inovalon Receives $7.3 Billion Buyout Offer From Nordic Capital Led Equity Consortium (08/19/2021)

Inovalon Holdings Inc. shares traded 8% higher after the cloud healthcare technology platform firm reported it entered into an agreement to be acquired by an equity consortium led by Nordic Capital and Insight Partners for $41.00 per share in cash.

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Biotech Offering Significant Return Potential Advances Lead Breast Cancer Trials (08/18/2021)

An H.C. Wainwright & Co. report noted Oncolytics Biotech's overall pelareorep program is on track with several near-term catalysts expected.

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Global Specialty Pharma Co. Strongly Beats on Consensus Q2 Revenue and Earnings Estimates (08/18/2021)

Paradigm Capital Inc. stated in a research report that Knight Therapeutics Inc. posted significantly better than expected operating and financial results in Q2/21 that greatly exceeded analysts' estimates. Meanwhile, insiders continue to add to their positions, and the company has filed a new NCIB allowing it to purchase up to 10% of the float during the next 12 months.

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Platform Therapeutics Co. Posts Positive Revenue Surprise in Q2 on Higher Dermatology Product Sales (08/18/2021)

Dawson James Securities Inc. stated in a research update that Fortress Biotech Inc.'s dermatology business shows good growth potential and helped drive a positive revenue surprise in Q2/21. Dawson James has a "Buy" rating on the stock but noted that the real opportunity for the company lies with its vast pipeline and partnerships, which offer real upside potential.

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Diagnostics Firm Readies for Pivotal FDA Study of Device That Detects Bacterial Lung Infections (08/18/2021)

Promising early results and a new line of equity support Avisa Diagnostic’s drive for IDE approval of its rapid-response breath test for pneumonia, TB, CF, and other lung ailments.

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Cannabis Products Retailer Achieves Record Sales in Q3 FY21 (08/17/2021)

Gross sales of Stem Holdings dba Driven by Stem during the quarter were 104% higher than they were a year ago.

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Travere Posts Positive Topline Data in Phase 3 IgA Nephropathy Study, Shares Trade Higher (08/16/2021)

Travere Therapeutics shares traded 14% higher after the company reported positive interim results from its ongoing Phase 3 PROTECT study of sparsentan in treating IgA nephropathy, a chronic kidney disease that can lead to end-stage renal disease.

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Clover Health Shares Grow 12% after Posting Q2 Earnings and 229% Platform User Growth (08/12/2021)

Shares of Clover Health Investments Corp. traded higher after the company reported Q2/21 financial results that included a 140% increase in YoY revenue.

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Coverage Initiated on Developer of Treatment for Myelofibrosis, GvHD, COVID-19 (08/11/2021)

A BTIG report noted that CTI Biopharma's Pacritinib "has the potential to be a lead therapeutic in the myelofibrosis space and in additional indications that could provide material value to CTI and CTI's shares over time."

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U.S. Cannabis Sector to Show 'Secular Growth With Margin Improvements,' Analyst Says (08/11/2021)

Behind that forecast, in part, are positive cannabis legislative developments and increasing consumer cannabis use, which are covered in a ROTH Capital Partners report.

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Liquid Avatar Unveils New App to Confirm COVID-19 Testing Status, Reduce New Outbreaks of the Pandemic (08/11/2021)

The Liquid Avatar Credential Ecosystem, or LAVCE, is designed to carry a secure, digital record of a person’s verifiable COVID-19 testing credentials, and future healthcare applications of the technology are expected.

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Pharma Developer Licenses Patent for Treating Neuroendocrine Cancers from US Ivy League College (08/10/2021)

Algernon Pharmaceuticals reported its acquisition of the exclusive rights from Dartmouth College for a method of use patent for use in treatment of neuroendocrine cancers expressing functional NMDA receptors.

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Fulcrum Shares Soar on Positive Interim Data in Phase 1 Sickle Cell Disease Study (08/10/2021)

Fulcrum Therapeutics shares rose 125% and set a new 52-week high after the company reported Q2/21 financial results and released positive interim results from its Phase 1 sickle cell disease trial.

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Cortexyme Expects to Release Positive Topline Data from Ph. 2/3 Alzheimer's Trial by Late Autumn (08/09/2021)

Shares of Cortexyme Inc. traded 47% higher to a new 52-week high after the company reported Q2/21 financial results and provided an update regarding its ongoing Alzheimer's and periodontal disease clinical trials.

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STAAR Shares Burst Higher after Firm Posts 77% Increase in Q2 Net Sales and Raises FY Outlook (08/06/2021)

Shares of STAAR Surgical Co. traded 20% higher after the company reported Q2/21 financial results highlighting a 93% YoY increase in net sales of its Implantable Collamer® Lenses.

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US-Based Biopharma 'In Full Reset Mode,' Analyst Says (08/04/2021)

An H.C. Wainwright & Co. report notes that Agios Pharmaceuticals "is rapidly rebooting and has made critical progress on various fronts."

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Biopharma Makes 'Solid Clinical Progress' in Q2/21 (08/04/2021)

The highlights of Oryzon Genomics' Q2/21 clinical advancements were recapped in a Roth Capital Partners report.

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Novavax Shares Get a Boost as EC Orders up to 200 Million Doses of Its COVID-19 Vaccine (08/04/2021)

Novavax Inc. shares traded nearly 19% higher after the company reported the finalization of an advance purchase agreement with the European Commission to provide up to 200 million doses of its COVID-19 Vaccine.

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Translate Bio Shares Rise 29% on Sanofi's $3.2 Billion Buyout Bid (08/03/2021)

Shares of Translate Bio Inc. soared to a new 52-week high after the company reported it agreed to be acquired by its collaborative partner Sanofi SA for $38 per share in cash in a deal valued at $3.2 billion.

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Gene Editing May Terminate Virus Transmission, Combat Heart and Brain Disease With a Single Shot (08/02/2021)

McAlinden Research Partners explores the acceleration of gene-editing technology and notes the market is poised to expand as the World Health Organization (WHO) creates new standards for companies to follow.

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Annovis Shares Rise on Positive Phase 2 Alzheimer's and Parkinson's Disease Trial Results (08/02/2021)

Shares of Annovis Bio Inc. traded 20% higher after the company reported positive interim data from its Phase 2 clinical studies of ANVS401 (Posiphen) for treatment of Alzheimer's and Parkinson's diseases.

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