Late-stage biotechnology company developing innovative treatments for multiple therapeutic indications, CytoDyn (OTCMKTS:CYDY), on August 2, 2021 announced that director nominations done by activist group led by Bruce Patterson and Paul Rosenbaum were invalid. The Rosenbaum/Patterson Group made efforts for nominating five director candidates for taking control of the firm’s Board of Directors. The company’s bylaws include standard “advance notice bylaw” for shareholder protection, requiring some disclosures by nominating shareholders for…
Bitfarms (NASDAQ:BITF) Stock Regains Momentum After The Recent Consolidation
Publicly traded Bitcoin mining company, Bitfarms (CVE:BITF) (NASDAQ:BITF) accounting for 1.5% of the total Bitcoin network with more than 99% green hydroelectricity, announced bitcoin production update. The firm confirmed mining 1,357 Bitcoin in first six months of 2021, largest mined in North America. It also received and installed 1,500 Bitcoin miners from MicroBT in Bitfarms’ Magog data center. Bitcoin had some issues in July due to macro developments in China,…
Xenetic Biosciences (NASDAQ:XBIO) Stock Sees High Volatility: How to Trade Now?
Biopharmaceutical company, Xenetic Biosciences (NASDAQ:XBIO), on July 31, 2021 closure of previously announced private placement. This would be with single healthcare-focused institutional investor for 4,629,630 shares of the common stock. Xenetic focuses on a personalized CAR T platform technology for targeting patient and tumor specific neoantigens. The proceeds will be about $12.5 million before deducting placement agent fees and other offering expenses.The company issued to investor warrants for buying 4,629,630…
Axcella Health Inc (NASDAQ:AXLA) Stock Continues to Trend Lower: What’s The Buzz?
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…
Is OPKO Health Inc (NASDAQ:OPK) ready To Recover After The Recent Fall?
The previous week ended on a weak note for OPKO Health Inc (NASDAQ:OPK) as the stock slid by as much as 9% and today the company’s shareholders would be hoping for a quick recovery. Last week the company announced its financial results for the quarter that ended on June 30, 2021 and that might have been one of the reasons behind the decline. In the second quarter, the company managed…
Enzolytics Inc (ENZC) Stock Falls From The Recent Peak: Time to Buy?
Drug development firm committed on commercialising number of proprietary therapeutics for treating debilitating infectious diseases, Enzolytics Inc (OTCMKTS:ENZC) on July 26, 2021 announced signing of a Letter of Intent with Creative Biolabs for finishing joint production as well as commercialisation of HTLV-1 monoclonal antibodies through combination of the technologies. Currently, no effective vaccines exist against HTLV-1 or even antiviral drugs for treating infections caused by virus. Using AI methodology, the…
AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) Stock is Back in Action: But Why?
In the past month or so, the AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) stock has had a pretty difficult time as it suffered from a strong selloff. During the course of this period, the stock declined by as much as 28% and it is perhaps time for investors to figure out if it might be the right time to get into the stock. The company is involved in the agriculture technology…
Medigus Ltd’s (NASDAQ: MDGS) Subsidiary Charging Robotics Completes Proof of Concept of EVC Wireless Charging Robot
Medigus Ltd (NASDAQ: MDGS) has announced that its wholly-owned subsidiary, Charging Robotics Ltd., has successfully completed a proof of concept showing its EV wireless charging robot’s capabilities. Charging Robotics to solve EV wireless charging challenges Charging Robotics is looking to overcome the EV wireless charging challenges of highly efficient, seamless battery for unmanned and manned vehicles. Its demonstration system comprises a robotic platform with autonomous navigation capability. Also, a second…
Cinedigm Corp (NASDAQ: CIDM) Announces Final Audited Financial results For Fiscal 2021
Cinedigm Corp (NASDAQ: CIDM) has announced its final Q4 2021 audited financial results for the entire year ending March 31, 2021. The company didn’t make any changes to the interim results reported on July 14, 2021. Cinedigm releases Q4 results. Chris McGurk, Cinedigm CEO, said, “We reached a key inflection point during the fourth quarter, where we generated huge growth in our streaming business. Our streaming/digital business was 75% of…
Uxin Limited (NASDAQ: UXIN) Reports Q4 2021 and Fiscal 2021 Financial Results
Uxin Limited (NASDAQ: UXIN) has filed its annual FY2021 report on Form 20-F with SEC for the year ended March 31. COVID-19 pandemic affected the used car market The company stated in the report that the COVID-19 pandemic adversely affected its financial performance and operations. In addition, Uxin said that the pandemic had negatively impacted the used car industry, with disruptions affecting supply chains and infrastructure since January last year….