James Marion

James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Quarterhill Inc. (NASDAQ:QTRH) Up On Q3 Earnings Expectations

Quarterhill Inc. (NASDAQ:QTRH)

Quarterhill Inc. (NASDAQ:QTRH) jumped 20.5% after providing an update on financial results ending September 30, 2017. The investment holding company says it expects revenues of between $72.5 million to $82.5 million driven by strong results from its patent licensing subsidiary Wi-LAN Inc.

Wi-LAN subsidiary has already entered into a comprehensive licensing agreement with Samsung Electronics. The agreement builds upon patent rights previously granted to the South Korean company. However, the terms of the agreement remain confidential.

QTRH Stock Investor Reaction

Quarterhill Inc. (NASDAQ:QTRH)

Investors reacted to the positive outlook by pushing the stock to $1.59 – close to a key resistance level. The stock is currently trading at levels last seen in January after dropping from April highs of $2.20 a share.

The company also announced it expects adjusted EBITDA to come in between $50 and $56 million. Quarterhill Inc. (NASDAQ:QTRH) will release Q3 financial results on November 9, 2017.

“As we have said in the past, financial results in this segment of our business can be variable from quarter-to-quarter and this is a prime example of the upside potential of this variability. Our expected results for Q3 will provide a significant boost to our cash position, which will assist in the continued growth of Quarterhill,” said CEO Shaun McEwan.

$4.23 Million Contract

Separately, the Oklahoma Department of Transportation has awarded a wholly owned subsidiary of Quarterhill Inc. (NASDAQ:QTRH), International Road Dynamics, a contract worth $4.23 million. Under the terms of the agreement, the subsidiary is to provide installation, repair service, and calibration for Traffic Monitoring Systems across the state.

International Road Dynamics is to be responsible for all equipment, materials labor, and technical expertise. The company is also to install and maintain a Weigh in Motion and AVC systems. All Systems in the state are solar powered and accessible via cellular mode.

The $4.23 million contract builds on a CDN$1.95 million contract that International Road Dynamics was awarded for the supply of Commercial Vehicle Pre-Screening Stations for the Saskatchewan Bypass project. The systems are to be used for screening and monitoring of commercial vehicles based on weight and dimension.

Under the terms of the agreement, the Quarterhill Inc. (NASDAQ:QTRH) subsidiary is to supply and install an integrated system using its Bending Plate Weigh-In-Motion Scales with License Plate Readers.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Shareholders of Root9B Holdings Inc. (NASDAQ:RTNB) in Limbo

Root9B Holdings Inc. (NASDAQ:RTNB)

Shares of Root9B Holdings Inc. (NASDAQ:RTNB) gained 44.2% after the company announced foreclosure auction results. Pursuant to a Security Agreement entered with secured creditors, auction of the company’s assets resulted in $12.5 million – representing the total outstanding principal and unpaid interest owed to secured creditors.

Root9B Holdings Inc. (NASDAQ:RTNB)

T-12 Halt Code

Root9B Holdings Inc. (NASDAQ:RTNB) no longer has any operating assets following the sell-off – the company no longer has the ability to generate revenues.

The company’s Chief Executive Officer, Eric Hipkins, has since resigned from his position with immediate effect. The NASDAQ capital market has also halted raring of the stock under the T-12 halt code. Trading of the stock will remain halted until the company satisfies regulators request.

The halting of the stock follows the rise of the stock to the $2.01 mark. However, the stock continues to trade in a strong downtrend after losing more than 70% in market value since the start of the year.

Root9B Acquisition

Root9B Holdings Inc. (NASDAQ:RTNB) has confirmed that it has agreed to be acquired by an affiliate of Tracker Capital Management.

“Root9B is delighted to announce our new ownership, which provides us the capital required to eliminate debt from our balance sheet and fund our strategic growth initiatives. Our team remains committed to bringing experience, excellent service, and next-generation cyber solutions to our clients,” said Eric Hipkins, Root9B Holdings Inc. (NASDAQ:RTNB) Chief Executive Officer.

Information on the acquisition is still sketchy. However, reports indicate that Root9B will operate as an independent and private company with no affiliation to Root9B Holdings Inc. (NASDAQ:RTNB) which happens to be the parent company.

Root9B Holdings Inc. (NASDAQ:RTNB) would face an uncertain future in the stock market should the NASDAQ allow it to continue operating as a public company. The fact that the company does not have revenue generating avenues following the sale of key assets is another point of concern that could affect investors’ confidence on the stock.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Alliance MMA Inc. (NASDAQ:AMMA)

Alliance MMA Inc. (NASDAQ:AMMA) Acquires Victory Fighting Championship

Alliance MMA Inc. (NASDAQ:AMMA)

Shares of Alliance MMA Inc. (NASDAQ:AMMA) gained 87.5% after the mixed martial arts company announced the acquisition of Victory Fighting Championship. The acquisition follows a strong second quarter in which the company reported a 48% increase in revenues.

Alliance MMA Inc. (NASDAQ:AMMA) is currently trading in an uptrend after reaching a key support level at $1.80. However, it is still down by more than 30% for the year after dropping from the $4 a share mark.

Alliance MMA Inc. (NASDAQ:AMMA)

Acquisition

The VFC acquisition is an aggressive move as the company has produced more than 60 live MMA events since 2002. A global distribution network has broadcasted its events in over 155 countries. The acquisition should thus allow Alliance MMA Inc. (NASDAQ:AMMA) to achieve multiple strategic goals.

“VFC’s organizational footprint, in terms of scale and distribution on UFC FIGHT PASS, provides an incredible opportunity for Alliance MMA to produce content – including live content – that fans want to see,” said CEO, Paul Danner.

Alliance MMA Inc. (NASDAQ:AMMA) should be able to expand its footprint and operations into more geographies with the acquisition. According to Mr. Danner, plans are underway to launch in several new cities by leveraging VFC’s unique brand of entertainment. The company already operates in 13 of the top 30 Nielsen Designated Market Areas.

The mixed martial arts company is on course to host eight events this month as it closes in on its goal of hosting at least 125 MMA events per year. This month’s lineup features numerous title bouts in top markets including cities in Midwest, Northeast South, and West.

Push For Positive Cash Flow

Alliance MMA Inc. (NASDAQ:AMMA) should be able to build on its second quarter earnings momentum given the roster of events in the pipeline. The company is on track to achieve a positive cash flow thanks to a 48% increase in Q2 revenues.

Solid execution of the electronic platform CagTix.com and a strong performance by the fighter management firm, SuckerPunch Entertainment, led to a 14% increase in operating margin. During the quarter, the company raised approximately $1.5 million. Alliance MMA Inc. (NASDAQ:AMMA) plans to use the amount to finance acquisitions, needed to further grow the brand.

“Our strong second quarter operating results reflect impressive gains in each of the most important key performance indicators for an enterprise at our stage of development,” said Mr. Danner.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Remark Holdings, Inc. (NASDAQ:MARK) Seven Figure Contract

Remark Holdings, Inc. (NASDAQ:MARK)

Shares of Remark Holdings, Inc. (NASDAQ:MARK) gained 7.93% after one of China’s largest state-owned enterprises awarded the company’s subsidiary, KanKan, a seven-figure contract. The contract is for the supply of facial and object recognition technology to a Shanghai municipal health agency.

Remark Holdings, Inc. (NASDAQ:MARK)

MARK Stock Performance

Wednesday’s rally helped reverse a sell-off that had pushed Remark Holdings, Inc. (NASDAQ:MARK) from $4.20 to$3.60. Remark Holdings, Inc. (NASDAQ:MARK) has underperformed the overall industry after struggling to rise above January trading levels. It awaits to be seen if the seven-figure contract is the catalyst that will help push the stock to new highs. MARK has a 52-week high of $4.87 a share.

The technology utilizes artificial intelligence to ensure food service workers wear hats and masks all the time. KanKan is to install the technology in 200 restaurants as part of the trial phase ahead of a potential expansion to 2,000 facilities.

“This contract shows that we are able to monetize our artificial-intelligence technology, including facial and object recognition,” said Kai-Sheng Tao, Remark Holding’s Chairman and CEO, “and it sets the foundation for us to potentially triple our business with the city of Shanghai in 2018 and expand to most of the eight million restaurants located in cities throughout China.”

Remark’s Revenue Growth

The KanKan Artificial Intelligence platform has been a key driver of Remark Holdings, Inc. (NASDAQ:MARK)’s revenue. With the unit meeting and surpassing expectations, Mr. Tao remains confident of the company meeting its revenue and growth metrics for the year.

For the three months ended June 30, 2017, Remark Holdings, Inc. (NASDAQ:MARK) generated revenues of $17.3 million, compared to $15 million reported last year. Revenue for the first six months of the year totaled $32.6 million compared to $29.2 million last year.

Net loss for the quarter dropped to (-$4.3) million or (-$0.19) a share from (-$5.4) million or (-$0.27) a share as of the second quarter of 2016. Net loss for the first six months of the year nearly halved to (-$4.3) million from (-$7.8) million as of last year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MARK and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

My Size Inc. (NASDAQ:MYSZ)

My Size Inc. (NASDAQ:MYSZ) Explodes On Patent

My Size Inc. (NASDAQ:MYSZ)

Shares of My Size Inc. (NASDAQ:MYSZ) jumped 17.7% after the technology company announced it had received its first patent. The new patent, Measurement of a Body application, issued in Russia, strengthens the company’s prospects in the online apparel market.

MYSZ Stock Performance

The rally did little to reverse a strong selling pressure that has engulfed the stock for the better of the year. My Size Inc. is down by more than 60% for the year having underperformed the overall industry. The stock is currently trading in a strong downtrend and at multi-year lows.

My Size Inc. (NASDAQ:MYSZ)

My Size Inc. (NASDAQ:MYSZ) faces immediate resistance at the $1 a share mark. It awaits to be seen if the new patent, which expires in 20 years, will strengthen investor’s sentiments.

According to the Chief Executive Officer, Ronen Luzon, the new patent will strengthen My Size Inc. position as a measurement technology company in the growing e-commerce apparel business.

The Measurement of a Body Part patent details a system whereby shoppers will be able to choose the accurate size garment on retailer’s websites using measurements taken by a smartphone. The My Size Inc. app will analyze recorded data by a customer using big data and recommend the appropriate size of a clothing for purchase.

My Size Inc. (NASDAQ:MYSZ) new app utilizes smartphones algorithms rather than smartphone camera to record and analyze measurements thereby ensuring high levels of customer privacy.

“We are very proud of our R&D team which has engineered unrivaled technology that is now formally recognized as unique. We have many other patents pending worldwide for our Measurement of a Body Part smartphone application as well as other measurement applications in our long pipeline of products […],” said Mr. Billy Pardo Chief Product Officer.

 MySize Marketing Strategy

In addition to the new measurement patent, My Size Inc. (NASDAQ:MYSZ) is also offering TrueSize app designed to enable shoppers quickly and accurately measure themselves using mobile phones. The company is currently pushing for the integration of the technology in retailers e-commerce or m-commerce websites.

TRUCCO is one of the retailers that has already adopted the technology through an application dubbed RealSize.

“TRUCCO’s RealSize launch was a major milestone. We are very excited that online retail customers are enjoying the benefits of our technology, and we look forward to meeting companies at PremiereVision whose customers could benefit from our products,” said Mr. Luzon.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $MYSZ and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

SunPower Corporation (NASDAQ:SPWR)

SunPower Corporation (NASDAQ:SPWR) Completes Sale

SunPower Corporation (NASDAQ:SPWR)

Shares of SunPower Corporation (NASDAQ:SPWR) declined more than 6.9% in the last session after an announcement that the company had completed an asset sale transaction in Chile.

The stock pulled back 6.94% to end the regular trading session at $7.11 on a day characterized by low volume trading. As the market continued to digest the asset transaction announcement, SunPower moved up 0.14% in afterhours trading to close the day at $7.12.

The regular session losses and the after-hour’s session gains left SunPower up 7.6% since the beginning of the year and down 16.6% over the last 12 months. In the last 12 months, SunPower shares have dipped to a low of $5.84 and peaked at a high of $11.70.

SunPower Corporation (NASDAQ:SPWR)

Acquisition of switchyard

On September 25, SunPower Corporation (NASDAQ:SPWR) issued a press release stating that it had finalized the sale of the Don Héctor switchyard that links the 100-megawatt El Pelicano solar project with the Integrated Central System (SIC) of Chile.

The release said that the switchyard was acquired by Transelec S.A., the leading power transmission company in Chile. Financial details of the transaction weren’t disclosed, and this may have weighed on the stock. However, SunPower Corporation (NASDAQ:SPWR) and Transelec have undertaken investments worth $17.9 million.

Transelec is responsible for the transmission of power that lights up homes of 90% of Chileans who live between Arica and Chiloé. The company also owns 78% of the national power transmission lines in the Central Interconnected System (SIC), which is connected to the 100-megawatt El Pelicano solar project via the Don Héctor switchyard.

According to SunPower Corporation (NASDAQ:SPWR), the Don Héctor switchyard can be scaled to accommodate interconnection for future projects.

The Don Héctor lies 6.5 kilometers from the El Pelicano solar project. SPWR is developing the El Pelicano project in Chile’s La Higuera (Coquimbo Region). The project is expected to be operational by the end of 2017. When completed, the El Pelicano project will have a capacity to supply 300 gigawatt hours per year of energy. The project will serve Chile’s Metro de Santiago, the underground railway network of the city of Santiago.

Seeing value in solar power

SunPower Corporation (NASDAQ:SPWR) portrayed the acquisition of the Don Héctor switchyard by Transelec as demonstrating a view that Transelec sees value in investing in solar. Transelec sees the acquisition of Don Héctor switchyard as giving it the infrastructure necessary to transmit renewable energy as well as partake in the growth of Chile’s solar energy market.

The El Pelicano project consist of a solar power plant dubbed SunPower Oasis, which is billed as a fully-integrated, cost-effective solar deployment. SunPower Corporation (NASDAQ:SPWR) said that the SunPower Oasis features optimal land use and an efficient solar panel cleaning capability.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SPWR and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Finish Line Inc. (NASDAQ:FINL) Warns Of Further Decline

Finish Line Inc. (NASDAQ:FINL)

Finish Line Inc.(NASDAQ:FINL) shares rallied 5.53% after the premium retailer for shoes, apparel and accessories announced financial results for thirteen weeks ending August 26, 2017 that met Wall Street expectations.  According to Chief Executive Officer Sam Sato, the financial results were shaped by a promotional-oriented marketplace.

Stock Performance

Last week’s rally did little to reverse a strong downtrend that has engulfed Finish Line for the better part of the year. The stock is currently trading near multi-year lows even with the recent rally. It faces immediate resistance at the $10 a share mark, above which it could make a push for the $12, a key resistance level. It awaits to be seen if the stock will continue to edge higher after providing an outlook that hints to a further decline in sales.

For the Thirteen weeks ended August 26, 2017, Finish Line Inc. (NASDAQ:FINL) reported a 3.3% decrease in sales that totaled $469.4 million. Comparable store sales were down by 4.5% as the company’s Macy’s stores sales surged 5.6%. The company has warned that it expects further headwinds which could weigh in on sales and margin expectations.

One month FINL stock price chart

“While we are planning for a challenging retail environment in the near-term, we are confident that the merchandise, digital, in-store and operational initiatives currently in place will allow us to achieve our current full-year outlook and best position the company to deliver increased shareholder value over the long-term,” said Mr. Sato.

The company exited the period with consolidated merchandise inventories of $380.1 million compared to $346.4 million as of August 27, 2017. Cash and cash equivalent as of the end of the period stood at $114.9 million.

Outlook

Finish Line Inc.(NASDAQ:FINL) expects comparable sales for the third quarter ending November 20, 2017, to decrease by between 3% and 5% leading to an adjusted net loss of between $0.32 and $0.40 a share.  Sales in the fourth quarter should decrease by between 3% and 5% leading to an adjusted earnings per share of between $0.5 and $0.58 a share.

For the 53-week ending March 3, 2018, Finish Line Inc. (NASDAQ:FINL) expects comparable sales to decrease by between 3% and 5%. Earnings per share should come in the range of $0.50 and $0.60 a share versus, a previous guidance of $1.12 to $1.23.

Separately, Finish Line Inc. (NASDAQ:FINL) has confirmed the appointment of Faisul Masud into the board of directors. He is expected to provide crucial insight as the company moves into the ever-changing retail environment.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $FINL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Tantech Holdings Ltd (NASDAQ:TANH) Jumps After $20 Million Order

Tantech Holdings Ltd (NASDAQ:TANH)

Tantech Holdings Ltd (NASDAQ:TANH) shares jumped 6.88% after its subsidiary, Suzhou E Motors Buses Co. Ltd, confirmed the signing of a $20 million contract for its electric vans and buses. The contract is for the delivery of 450 all-electric vans and buses.

The massive contract validates the company’s electric car technology at a time when China is emerging as the world largest market for electric cars. Investors appear to be taking note of Tantech Holdings Ltd (NASDAQ:TANH) prospects as it continues to establish its position in the fast-growing electric car market.

Tantech Holdings Ltd (NASDAQ:TANH)
One month TANH stock price chart

China EV Market Opportunity

Tantech Holdings Ltd (NASDAQ:TANH) should continue to rise given its big bet on China electric car industry that is set to grow to 40 million cars a year by mid-2020 up from 28 million as of last year. The $20 million purchase order comes a few months after China’s Ministry of Industry and Information Technology approved the sale of Tantech Holding electric van (ZQK6810EV6) and electric bus (ZQK6810EV8).

The van is specifically designed for airport and tourist operations. The bus, on the other hand, is designed for the urban public transportation industry, coming with a 46 passenger capacity and a driving range of 250km per charge.

“This new sales contract, along with the recent MIIT approval of two of our EV models, laid a solid foundation for us to gain market share in the fast-growing Chinese EV segment,” said CEO Zhengyu Wang.

China presents Tantech Holdings a unique opportunity given the size of country’s auto industry as well as the government crackdown on environmental emission. In a bid to take advantage of the growing demand electric cars, Tantech Holdings Ltd (NASDAQ:TANH) has accelerated its research and development efforts as it looks to stay competitive in the promising EV market.

The Chinese government is currently pushing for environmentally friendly solutions as it seeks to phase out the sale of fossil fuel cars.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $NVFY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

ITUS Corp (NASDAQ:ITUS)

ITUS Corp (NASDAQ:ITUS) Explodes On Cancer Detection Patent

ITUS Corp (NASDAQ:ITUS)

Shares of ITUS Corp (NASDAQ:ITUS) surged 85.15% after the United States Patent and Trademark Office (USPTO) granted the company a patent for an early cancer detection technology. The company’s wholly-owned subsidiary Anixa Diagnostics Corporation is currently developing the technology.

ITUS Corp (NASDAQ:ITUS)
One month ITUS stock price chart

Investor Reaction

Investor reaction does not come as a surprise given what is at stake. Cancer detection and treatment is a multi-billion industry and presents ITUS Corp (NASDAQ:ITUS) a unique opportunity for growth.

The 85.15% rally helped push the stock above the $1.00 per share mark. The stock is still down by more than 60% for the year as it continues to trade in a strong downtrend. A close above the $1.30 mark could see the stock making a run for the $2.00 a share mark which serves a key resistance level. It now awaits to be seen if the new patent will continue to strengthen investor’s sentiments on the stock.

“This is the first patent to issue of several patents that we expect to issue garnering protection of our cancer detection technology. The claims of this patent were allowed in May of 2017, and now we have received the official issuance notification and patent number,” said CEO, Amit Kumar.

Cancer Detection technology

The proposed cancer detection technology utilizes flow cytometer to measure the presence and characteristics of certain circulating immune cells. ITUS Corp (NASDAQ:ITUS) is currently relying on artificial intelligence to analyze data from the immune cells, in a manner that enhances the detection of tumor in patients

The technology has successfully identified 15 types of cancer including breast, prostate, colon, and lung. The technology’s success in detecting various types of cancer is attributed to its ability to measure subtle changes in immune cells.

Itus Corporation has also started to perform additional tests in a bid to evaluate the technology’s ability to detect benign conditions that may exist in patients. The company has since renewed its collaboration with the Wistar Institute for the development of the cancer detection technology. The two have worked together over the last two years.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ITUS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Curis, Inc. (NASDAQ:CRIS)

Curis, Inc. (NASDAQ:CRIS) Slumps 8% After Public Offering Pricing

Curis, Inc. (NASDAQ:CRIS)

Curis, Inc. (NASDAQ:CRIS) shares fell 8% after the biotechnology company announced the pricing of an underwritten public offering of 20 million shares of common stock. The company has also granted underwriters 30-day option to purchase an additional 3 million shares. The offering is set to close on September 18, 2017 subject to customary closing conditions.

Stock Performance

Curis, Inc. (NASDAQ:CRIS) stock has been under selling pressure since the start of the month. The stock is currently trading in a range after failing to close above the $2.25 mark on three attempts. It now faces immediate support at the $1.60 level, below which it could drop to this year’s lows of $1.47 a share.

Curis, Inc. (NASDAQ:CRIS)
One month CRIS stock price chart

The underwritten stock pricing appears to have spooked investors given that in addition to increasing the company’s debt, it will lead to further dilution of the stock.   Part of the proceeds from the offering are to be used to fund potential acquisition of new businesses as well as technologies and products that have the potential to expand the business.

Curis, Inc. (NASDAQ:CRIS) will also use the funds to finance ongoing development of CUDC-907, a small molecule inhibitor of histone deacetylase as well as CA-170, CA-327, and CA-4948 in collaboration with Aurigene Discovery Technologies.

Curis Pipeline

Aurigene Discovery Technologies has announced plans to carry out Phase 2 trial of CA-170, an oral small molecule designed to target the immune checkpoints PDL and Vista. The company has already carried out Phase 1 trials in the U.S, South Korea, and Spain.

The company did not report any dose limiting toxicities on the Phase 1 trial of CA-170 as it also demonstrated good oral bioavailability. Evidence of immune modulation was observed in patients’ blood and tumor biopsy samples.

According to Aurigene CEO, CSN Murthy, the results affirm CA-170 mechanism action as an oral checkpoint inhibitor. Together with Curis, Inc. (NASDAQ:CRIS), the company has already designed a phase 2 trial that will target selected populations of patients in major centers in India.

“Based on these initial clinical results, we are excited for the opportunity to expand testing of CA-170, possibly in earlier lines of treatment and in a greater number of immunotherapy treatment-naïve cancer patients,” commented Mr. Murthy.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CRIS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.