Soligenix (NASDAQ:SNGX) jumped 11% following the grant of the orphan drug designation from the FDA for its active product candidate hypericin in T-cell lymphoma treatment. The grant expands the company’s prior orphan drug designation for the active ingredient that permitted its uses in cutaneous T-Cell lymphoma treatment. For Soligenix shareholders, this is great news as the designation grant will open up hypericin for a broader market. Besides broader market access,…

RiceBran Technologies (NASDAQ:RIBT) Stock Continues to Move Lower: Here is Why
RiceBran Technologies (NASDAQ:RIBT) fell 12% after announcing a definitive agreement with an institutional investor to purchase securities. Once the agreement is finalized, the company will be eligible to receive gross proceeds of around $3 million, excluding any proceeds realized once the investor exercises warrants. According to the agreement, the investor has agreed to purchase 2.3075 million common shares of the company at $0.65 per share. Equally, the investor will agree…

Eloxx Pharmaceuticals Inc. (NASDAQ:ELOX) Stock Resumes Another Round Of Rally: But Why?
Eloxx Pharmaceuticals Inc. (NASDAQ:ELOX) jumped 10% after the US FDA granted the company Fast track designation for its drug candidate, ELX-02, to treat patients with cystic fibrosis with nonsense alterations. Currently, the drug candidate is in second phase clinical studies in cystic fibrosis patients with the nonsense mutation in the CF transmembrane conductance regulator (CFTR) gene who don’t have any available efficient disease-modifying treatments available. Most importantly, the second phase…

T2 Biosystems Inc. (NASDAQ:TTOO) Stock is All Set To Gap Up: How To Trade?
T2 Biosystems Inc. (NASDAQ:TTOO) is up 27% in premarket after announcing that its T2SARS-CoV-2 panel can detect Iota (B.1.526) and Mu (B.1.621) coronavirus variants that were recently confirmed in the US. The T2SARS-CoV-2 Panel is a molecular diagnostic test capable of detecting the SARS-CoV-2 virus that causes COVID-19. Just like the South Africa (B.1.351), the UK (B.1.1.7), and the Brazilian (P.1) variants, the Iota and Mu variants also have multiple…

Sonim Technologies (NASDAQ:SONM) Stock Sees Value Buying At Lower Level
Sonim Technologies (NASDAQ:SONM) jumped 21 % after unveiling the Klein waterproof headsets and RSMs that are compatible with the SonimSecureAudio Connector phones, including XP8, XP5s, and XP3. For the past year, Sonim and Klein have been on a mission to address leading client objections associated with the rugged audio devices – warranty, waterproof, and affordability. Currently, the companies offer waterproof headsets and RSMS, which are the most affordable, with an…

Viking Energy Group Inc. (OTCMKTS:VKIN) Stock Surges 535 After Licensing Agreement News
Viking Energy Group Inc. (OTCMKTS:VKIN) jumped 53% after announcing a major licensing agreement with Net Zero Carbon Footprints and sustainable energy solutions developer ESG Clean Energy LLC. The company signed the agreement for exclusive rights to leverage ESG’s CO2 –free energy generation tech across Canada. As per the agreement, Viking will utilize ESG’s expertise and patent rights associated with stationary energy generation that includes methods to use heat and collect…

Elio Motors Inc. (OTCMKTS:ELIO) Stock More Than Doubled: What’s Going On?
Elio Motors Inc. (OTCMKTS:ELIO) soared 111% after announcing intentions to build an electric version of its three-wheeled vehicle. According to the company, the plan for an EV is based on changing consumer demand and the capital market’s desire for EVs. Notably, the Elio-E Model targets a base price of $14,900, making it among the most affordable electric cars available in the market. Founded in the mission of creating low-cost, high…

Two Hands Corporation (TWOH) Stock Continues to Trend Higher: Jumps 31% in a Week
Two Hands Corporation (OTCMKTS:TWOH) jumped 9% and 31% in a week. The company has announced the closing of a $400,000 Series D financing. CEO Nadav Elituv said that in the future, with the CES listing pans and expansions efforts, the company is prioritizing finds for its quick growth segment of their business. Nadav added that the CES listing is a massive step, and it will enable Two Hands to reach…

Arbutus Biopharma (NASDAQ:ABUS) Stock Breakout Alert After The Big News
A patent related skirmish can often prove to be a big boost to the stocks of pharmaceutical companies and that is what seemed to have happened with the Arbutus Biopharma (NASDAQ:ABUS) stock on Thursday. Apparent Patent Fight Win With Moderna Yesterday, the Arburtus stock ended the day with gains of as much as 15% following considerable speculation with regards to the fact that the company won a patent fight against…

GNCC Capital Inc (OTCMKTS:GNCP) Stock Suddenly Falls 33%: Here is Why
There was no specific news about GNCC Capital Inc (OTCMKTS:GNCP) on Thursday but the company’s stock suffered from a strong selloff and ended the day with a decline of as much as 33%. Major Triggers In this situation, it is perhaps important for investors to figure out if it could be an opportunity to get into the stock. However, back on September 3 the company sent out a press release…