Alterity Therapeutics (ATHE) Stock Off Session High: Gets New Patent

August 4, 2021

A biotechnology company developing disease-modifying treatments for neurodegenerative conditions, Alterity Therapeutics (NASDAQ:ATHE) on August 4, 2021 announced the United States Patent and Trademark Office issuing Notice of Allowance for Alterity’s patent application No. 17/239,375. This would secure exclusivity for a fresh group of iron chaperones made for redistributing the excess iron in many neurodegenerative diseases, including Parkinson’s and Alzheimer’s. The patent, which is titled “Compounds for and Methods of Treating…

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Moderna Inc (NASDAQ:MRNA) Stock Soars Above $400: All Eyes on Earnings Tomorrow

August 4, 2021

Moderna Inc (NASDAQ:MRNA) will report second quarter earnings tomorrow before the open. There is a conference call scheduled for 8:00 ET. Q2 Capital IQ consensus calls for EPS of $5.86 vs. ($0.31) last year on revenue of $4.233 billion versus $66.3 million last year. The company typically does not provide EPS or revenue guidance. The first area of interest will be the company’s COVID-19 vaccine. The company recently Increased 2021…

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Aldeyra Therapeutics (NASDAQ:ALDX) Stock Moves Up After The Positive News

August 4, 2021

Aldeyra Therapeutics (NASDAQ:ALDX) announces that the U.S. FDA has granted orphan drug designation for ADX-2191 (methotrexate for intravitreal injection) for the treatment of retinitis pigmentosa (RP), a group of rare genetic eye diseases. Shares up more than 6% premarket. There are no approved drug treatments for patients with RP, which is a disease affects an estimated 82,000-110,000 individuals in the United States. The FDA’s orphan drug designation program is designed…

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CytoDyn Inc (OTCMKTS:CYDY) Stock Resumes Selling Pressure: A Good Buy Now?

August 3, 2021

Late stage biotech firm CytoDyn Inc (OTCMKTS:CYDY) was in the middle of a heavy selloff yesterday in the markets and saw its stock slump by as much as 9%. The selloff in the stock was possibly triggered by an announcement from CytoDyn with regards to the director nominations that had been submitted by an activist investor group. The company announced that the nominations from the activist investors group, headed by…

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88 Energy Ltd (OTCMKTS:EEENF) Stock Resumes The Uptrend on High Volume

August 3, 2021

88 Energy Ltd (OTCMKTS:EEENF) jumped 12% following the appointment of Phillip Bryne as a non-executive Chairman to replace the retiring Michael Evans. Equally, the company announced two more appointments as it seeks to enhance its management team. Joanne Kendrick has been appointed as a non-executive director, while Robert Benkovic has been appointed as the new COO. Evans said that 88 Energy is among the most established operators in Alaska with…

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Drone Guarder Inc. (OTCMKTS:DRNG) Stock Rockets 70% in a Week: Here is Why

August 3, 2021

Drone Guarder Inc. (OTCMKTS:DRNG) is up 70% in a week. Recently, electric vehicles and battery tech holding company Video River Networks (OTCMKTS:NIHK) announced signing a deal to acquired Drone Guarder.  Drone Guarder is a surveillance and security firm focus8ing on the commercialization of AI and drone enhanced turnkey home security systems internationally and locally.VideoRiver is planning to continue running DRNG as an independent company, with Adam Taylor remaining as CEOI…

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Axcella Health Inc (NASDAQ:AXLA) Stock Continues to Trend Lower: What’s The Buzz?

August 2, 2021

Clinical stage biotech firm Axcella Health Inc (NASDAQ:AXLA) saw its stock decline by 5.50% this past Friday and in light of the decline, it might be the right time for investors to perhaps figure out if it might be an opportunity to get into it at this point or not. The company, which is looking to go for new methods in order to treat complex conditions, announced its financial results…

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Tonner One World Holdings Inc (OTCMKTS:TONR) Stock Jumpa Again: Here is Why

August 2, 2021

It has been more than three years since there has been any news about Tonner One World Holdings Inc (OTCMKTS:TONR). However, that has not stopped investors from jumping onto the Tonner One World stock and this past Friday it went on a strong rally to end the day with gains of as much as 20%. While it is true there has been no news, it might still be worthwhile for…

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Why Sundial Growers (NASDAQ:SNDL) Stock Continues to Underperform? Time to Buy?

August 2, 2021

Sundial Growers (NASDAQ:SNDL) is having a challenging summer after jumping up to $4 in February 2021, and the stock has since been on a downward trend.  Surprisingly, in April, the stock dropped below $1 and has since struggled to keep any momentum. At the beginning of this year, investors on Reddit/WallStreetBets forum turned attention to the stock, but that fanfare has since cooled off. The company’s outlook has since changed,…

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