Cidara Therapeutics Inc (NASDAQ:CDTX) jumped 10% and 16% for the week after announcing the completion of enrolment in the pivotal phase III ReSTORE study. The company is surveying in collaboration with Mundipharm, and it is evaluating rexafungin’s safety and efficacy as first-line invasive candidiasis and candidemia treatment. The study enrolled 184 invasive candidiasis and /or candidemia patients. This is a significant unmet need area for critically sick hospitalized patients and…
XpresSpa Group Inc (NASDAQ:XSPA) Stock Attempts To Rebound After The Recent Fall
XpresSpa Group Inc (NASDAQ:XSPA) jumped 10% after the recent fall. Announced the release of its Q2 2021 financial results in which net revenue was $9.1 million that included $r8.7 million attributable to XpresCheck. The company reported record MSA to practice patient fees increasing from$6.3 in Q1 2021 to $17.1 million in Q2 2021. Net loss during the quarter narrowed to $4.7 million relative to a net loss of $58.5 million…
Seelos Therapeutics Inc (NASDAQ:SEEL) Stock Sees Value Buying At Lower Level
Seelos Therapeutics Inc (NASDAQ:SEEL) jumped 12.5%after announcing its mid-year 2021 clinical and business update. CEO Raj Mehra said that the company continued executing at a high level in the year’s first half. Mehra said that part one of the company’s SLS-002 study showed immediate antisuicidal and antidepressant effects with an excellent tolerability profile. In addition, the company commenced part two of the placebo-controlled registration study planning to enroll patients in…
Surgalign Holdings Inc (NASDAQ:SRGA) Stock Gains Further Momentum: Up 25% In A week
Surgalign Holdings Inc (NASDAQ:SRGA) jumped 15% on Friday and 25% last week after announcing its Q2 2021 operating results. The company reported $24.8 million in total global spine revenue relative to $20.5 million in Q2 2020. Surgalign’s continuing operations net loss was $10.6 million or $0.09 per share. During the quarter, the company completed a $50 million registered direct offering. The company also collaborated with Inteneural Networks, a top AI…
CASI Pharmaceuticals Inc (NASDAQ:CASI) Stock is All Set To Gap-Up: But Why?
CASI Pharmaceuticals Inc (NASDAQ:CASI) up 35% in premarket after reporting Q2 2021 financial results in which the company realized $7.1 million in EVOMELA revenues. Analysts had predicted that the company would post a 130.3% YoY revenue increase to $6.15 million with a loss per share of $0.09 during the quarter. CEO Wei-Wu He stated that they are revising full-year 2021 revenue guidance based on the current trend, which is expected…
Allied Energy Corp. (OTCMKTS PINK: AGYP) Ready For Strong Week After Friday’s Green Close At $0.3398 +4.55%, Buy Rating
Allied Energy Corp. (OTCMKTS PINK: AGYP) earned an 8% buy rating Friday night from Barchart as AGYP closed green Friday at $0.3398 +4.55%. WTI Crude and Brent Crude also showed green prices. The evacuation in Afghanistan stands to impact and keep oil prices high, according to Barrons and site Kerala, which quoted J. P. Morgan predicting that oil, with all the Mideast turmoil, could reach $80 barrel. All of that…
Q&K International Group Limited (NASDAQ:QK) Stock Falls Again: Slumps 33% in a Week
The technology company, Q&K International Group Limited (NASDAQ:QK), which is best known for operating a long term apartment rental service in China, saw its stock take a bit of a pounding in the markets yesterday. The stock slumped by as much as 15.50% as investors headed for the exits in a big way. Although the decline recorded by the stock was considerable, investors could perhaps take solace in the fact…
Zomedica Corp (ZOM) Stock Slips Below 50 Cents: But Why?
Earlier on this year, Zomedica Corp (NYSEAMERICAN:ZOM) had emerged as a viable option for many investors and the stock had also made considerable gains. However, the situation has changed quite dramatically in recent weeks and retail investors have increasingly headed for the exits. Earlier on in the year the stock had hit its 52 week high of as much as $2.91 a share but on Thursday it closed at only…
Exela Technologies (NASDAQ:XELA) Stock In Focus After The Recent Move
The stock markets can often be a bit irrational and that can be seen in the price action in certain stocks over a significant period of time. That brings us to the subject of the Exela Technologies (NASDAQ:XELA), which has emerged as one of the biggest gainers this year so far on the back of Reddit fuelled speculation and specific news related to the company. In this situation, it might…
Sundial Growers (NASDAQ:SNDL) Stock Continues to See Selling Pressure
One of the cannabis companies that investors could consider looking into at this point in time is Sundial Growers (NASDAQ:SNDL). The Canadian company is one of the better known operators in the industry and although the company’s stock is current trading 70 cents a share, it might be a good idea for investors to take a closer look into Sundial. In this context, it should be noted that if full…