Vericel Corp (NASDAQ:VCEL)

Vericel Corp (NASDAQ:VCEL) Beats Estimates but Drops

Vericel Corp (NASDAQ:VCEL)

Vericel Corp (NASDAQ:VCEL) stock is down over 16%, on heavy volume, after the biotechnology company reported Q3 2017 earnings. Vericel’s net loss for the quarter ended September 30, 2017 was (-$5.4) million, or (-$0.16) per share, compared to a net loss of (-$6.7) million, or (-$0.38) per share, for the same period in 2016. The Q3 loss was actually better than the analyst’s consensus estimate of a loss of (-$0.17) according to reports made available by the NASDAQ Markets.

Vericel Corp (NASDAQ:VCEL)

Cambridge, MA-based Vericel Corp (NASDAQ:VCEL) is a commercial-stage biopharmaceutical company that develops and commercializes cellular therapies for use in the treatment of patients with severe diseases and conditions. It markets three cell therapy products, including Carticel and MACI, which are used for the treatment of cartilage defects in the knee; and Epicel, a permanent skin replacement that is used for the treatment of patients with deep-dermal or full-thickness burns. Vericel has also developed ixmyelocel-T, which is in Phase IIb clinical trial, a patient-specific multicellular therapy for the treatment of advanced heart failure due to ischemic dilated cardiomyopathy.

Vericel Prior Business Update

One year ago, VCEL shares actually touched the $2 mark, then went on a slow, steady rise to eventually trade over $6 during the first few days of October. Then, on October 5, Vericel Corp (NASDAQ:VCEL) produced a business update that sent shares reeling. That business update included the news that the FDA indicated that Vericel should plan to conduct at least one additional adequate and well-controlled clinical study to support a Biologics License Application for their drug candidate ixmyelocel-T. Since that announcement, shares slid and met fierce resistance at the $4.50 level – putting any rally to rest.

VCEL Stock Performance

Vericel Corp (NASDAQ:VCEL) has, over the past four years, experienced higher sales figures and shrinking EPS losses. In 2012, the company posted an EPS loss of (-$16.25). That loss shrank to (-$1.18) for 2016. Meanwhile, sales were $28.8 million in 2014, and that number rose to $54.4 for 2016.

Despite VCEL shares losing over 12% during the past month, the biotechnology shares still are up over 43% year-to-date, and are up around 100% for the year. Of the four investment firms that follow Vericel Corp (NASDAQ:VCEL), three rate VCEL shares as a “Strong Buy” while one rates the shares as a “Buy”. Their consensus, one-year price target is $6.34.

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 $VCEL and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

NASDAQ:ONCS

Is OncoSec Medical Inc. (NASDAQ:ONCS) A Buy?

OncoSec Medical Inc. (NASDAQ:ONCS)

Shares of OncoSec Medical Inc. (NASDAQ:ONCS) traded lower following the posting of better than expected fourth quarter and full year financial results. The stock was down by 3.79% in Monday’s trading session, to end the day at $1.27 a share.

OncoSec Medical Inc. (NASDAQ:ONCS)

ONCS Stock Performance

OncoSec Medical Inc. (NASDAQ:ONCS) has gained more than 30% in market value over the past month. The impressive run has seen the stock trade above January’s trading levels after erasing a good chunk of losses accrued for the better part of the year. The stock faces immediate resistance at the $1.30 mark, above which it could make a push for the $1.52 mark.

Renewed investor interest in the stock follows the announcement that the company has made significant progress in the development of its lead clinical program ImmunoPulse IL-12. The company is developing the program for the treatment of metastatic melanoma.

During the fourth quarter, the biotechnology company presented positive Phase 2 data of ImmunoPulse IL-12, in combination with pembrolizumab.

“Our organization remains focused on advancing our PISCES/KEYNOTE-695 registration-directed trial to address this significant unmet medical need through an innovative accelerated pathway,” said CEO, Punit Dhillon.

OncoSec Q4 Financial Results

In addition to progress on the clinical development front, OncoSec Medical Inc. (NASDAQ:ONCS) is also working on trimming its net loss as it eyes positive cash flow. For the three months ended July 31, 2017, the company generated a net loss of (-$5.8) million, down from (-$6.6) million reported last year. Net loss for the full year dropped to ($21.4) million from ($26.9) million.

OncoSec Medical Inc. (NASDAQ:ONCS) attributes the decrease in net loss to a $2.2 million decrease in non-cash, stock-based compensation expense and a $1.8 million decrease in Research and Development Expense. The company did not generate any revenue in the fourth quarter and full year.

The biotechnology company exited the fourth quarter with $11.4 million in cash and cash equivalent, down from $28.7 million as of July 31, 2016. The funds should finance the company’s operations through the third quarter of FY2018.

Last Month OncoSec Medical Inc. (NASDAQ:ONCS) closed a $7.1 million direct offering of 5.3 million shares of common stock, priced at $1.34 a share. The company also issued warrants for the purchase of additional shares at an exercise price of $1.25 a share.

OncoSec intends to use net proceeds of about $6.2 million for working capital and general corporate purposes such as the PISCES/KEYNOTE-695 study, among other clinical, research and development activities.

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 $ONCS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Vascular Biogenics Ltd (NASDAQ:VBLT)

Vascular Biogenics Ltd (NASDAQ:VBLT) Signs Licensing Agreement

Vascular Biogenics Ltd (NASDAQ:VBLT)

Shares of Vascular Biogenics Ltd (NASDAQ:VBLT) gained 4.88% after the clinical stage biotechnology company announced the signing of an exclusive licensing agreement with NanoCarrier Co Ltd. The agreement is for the development and commercialization of ofranergene obadenovec (“VB-111”), an anti-angiogenic gene therapy.

Vascular Biogenics Ltd (NASDAQ:VBLT)

NanoCarrier Licensing Agreement

Under the terms of the agreement, NanoCarrier will develop and commercialize VB-111 for all indications. The company will also be responsible for all regulatory and other clinical activity necessary for VB-111 commercialization in Japan.

In return, Vascular Biogenics Ltd (NASDAQ:VBLT) is to receive an upfront payment of $15 million. It also stands to generate in excess of $100 million in development and commercial milestone payments. The company is also entitled to tiered royalties on net sales.

According to Chief Executive Officer, Dror Harats, the licensing agreement provides further validation of the potential of VB-111.

“Japan is potentially a large market opportunity for VBLT, and this agreement provides us with access to this important market as we continue to prepare for commercialization of VB-111 in recurrent glioblastoma (rGBM), and in other indications,” said Dror Harats, M.D., chief executive officer of VBL Therapeutics,” said Mr. Harats.

Vascular Biogenics Ltd (NASDAQ:VBLT) is currently trading at a key resistance level, above which it could make a push for its 52-week high of $7.35 a share. For the full year, the stock is up by more than 30% as it continues to trade in a strong uptrend.

Modiin Gene Manufacturing Plant

Separately, Vascular Biogenics Ltd (NASDAQ:VBLT) has opened a new gene therapy and manufacturing plant in Modiin Israel. The plant will be used to produce the company’s lead product candidate VB-111. The Facility is the first commercial-scale gene therapy plant and one of the largest in the world.

“The inauguration of the new facility represents a major milestone for VBL. Investing in the appropriate infrastructure is critical as we complete the necessary pre-launch activities for VB-111 and evolve from a small biotech enterprise into an integrated biopharma company,” said Ben Shapiro M.D Chairman of VBL Therapeutics.

The Modiin gene therapy manufacturing plant is capable of manufacturing a capacity of 1,000 liters scalable to 2,000 liters. The opening of the facility marks an important milestone as Vascular Biogenics Ltd (NASDAQ:VBLT) prepares for potential regulatory approval and commercialization of VB-111.

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 $VBLT 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.

Egalet Corp (NASDAQ:EGLT) Tablets Receives Coverage

Egalet Corp (NASDAQ:EGLT)

Egalet Corp (NASDAQ:EGLT) gained 7.81% after announcing that a large payer will provide coverage of ARYMO ER oral use tablets, for its Medicare Part D members. The new coverage which will target about 1.4 million patients, will include all Egalet Brands, and takes immediate effect.

Egalet Corp (NASDAQ:EGLT) Tablets Receives Medicare Coverage

According to Chief Commercial Officer, Patrick Shea, providing coverage is important, given the high incidence of chronic pain in the population. Arymo ER is an extended morphine product with abuse-deterrent features for severe pain management, requiring constant opioid treatment.

“Formulary coverage within this particular payer’s Medicare Part D population comes sooner than we had expected, and is a promising development at this stage of our commercial launch of our abuse-deterrent, ER morphine, ARYMO ER,” said Mr. Shea.

Egalet Corp (NASDAQ:EGLT) has underperformed the specialty pharmaceutical space this year. The stock is down by more than 80% for the year, as it continues to trade in a downtrend. However, senior Biotechnology analysts at Zack’s Research, John Vandermosten, remains optimistic about EGLT’s prospects amidst the stock’s sell-off.

Analyst’s Focus

Analysts initiated coverage of the stock with a price target of $6, based on estimates of three key growth products. According to the analyst, Egalet Corp (NASDAQ:EGLT)’s pain management products have the potential to generate substantial value in the $24 to $40 billion opioid pain relief market.

According to the analyst, an 81% increase in second-quarter revenue provides an insight of what could be at stake with the three products. Vandermosten and his team expect double-digit growth over the next few years to drive revenues to over $100 million. The increase should lead to first positive earnings.

Egalet Corp (NASDAQ:EGLT) has also forged a number of relationships – including one with a payor with over 24 million clients and another one with Ascend Therapeutics. These partners are expected to lead to high growth rates going forward.

Egalet Corp (NASDAQ:EGLT) has the financial muscle needed to accelerate sales of its three primary products. The specialty pharmaceutical company exited the second quarter with $87 million in its cash balance after it conducted an equity offering where it raised $30 million. The current cash levels are more than sufficient to support the business until 2020.

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 $EGLT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Cerecor Inc (NASDAQ:CERC) Threatening New Highs

Cerecor Inc (NASDAQ:CERC)

The uptrend, that began in August, continues for Cerecor Inc (NASDAQ:CERC) stock as it looks to close at its second highest level in a year on heavy volume. The market sent shares higher after the biotechnology company released Q3 earnings this morning.

Cerecor Inc (NASDAQ:CERC)
Cerecor Inc (NASDAQ:CERC) is a biopharmaceutical company that develops drug candidates to address the needs of patients with neurologic and psychiatric disorders. Cerecor’s lead drug candidate is CERC-301, which Cerecor currently intends to explore as a treatment for orphan neurological indications. Cerecor is also developing two pre-clinical stage compounds, CERC-611 and CERC-406.

Cerecor Earnings

Cerecor, headquartered in Baltimore, MD, reported Q3 net income of $18.7 million, or $0.52 per common share, compared to a net loss of (-$6.2) million, or (-$0.70) loss per common share, for the third quarter 2016. The company reported $0.52 income per diluted common share, compared to (-$0.70) loss per diluted common share for the same period last year. Cerecor posted $25 million in license and other revenue from the sale of CERC-501 to Janssen this past August.
Q3 2017 general and administrative expenses increased to $2.2 million, compared to $1.7 million for Q3 2016. This increase was driven primarily by expenses associated with the August sale of CERC-501. As of September 30, 2017, cash and cash equivalents were $24.0 million, escrowed cash receivable was $3.75 million and current liabilities were $4.8 million.

CERC Stock Performance

Cerecor Inc (NASDAQ:CERC) shares began an uptrend after the $25 million sale of CERC-501 to Janssen Pharmaceuticals. Over the past quarter, CERC stock is up over 88%. However CERC shares were trading over $5 at the end of last year, and the drop from those levels is seen in the (-70%) performance over the past year.
Annual earnings have been disappointing for shareholders. In 2014 there was an EPS loss of (-$0.41), followed in 2015 by (-$1.22) loss, and a loss of (-$1.87) for 2016.

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 $CERC and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Dextera Surgical Inc (NASDAQ:DXTR)

Will Dextera Surgical Inc (NASDAQ:DXTR) Ever Fly High Again?

Dextera Surgical Inc (NASDAQ:DXTR)

In 2011, shares of Dextera Surgical Inc (NASDAQ:DXTR) were trading above $50. Today the stock is trading below $0.20 as investors await the company’s Q1 2018 earnings announcement. The announcement will take place on Thursday, November 9, 2017, after the markets close. Analysts are expecting a loss of (-$0.06) per share.

NASDAQ:DXTR

DXTR stock last traded above the $1 level in May of 2017. This is not only a psychologically important level, but it also has a regulatory aspect to it. Section 5550(a)(2) of the Nasdaq’s Equity Rules guide states: “(a) Continued Listing Requirements for Primary Equity Securities: (2) Minimum bid price of at least $1 per share.” Frequently companies that in violation of the “$1 Bid” NASDAQ rule complete a reverse stock split to maintain compliance. So far, there has been no news on such an eventuality from Dextera.

Dextera Surgical Inc (NASDAQ:DXTR) designs and manufactures proprietary stapling devices for minimally invasive surgical procedures. In the U.S., surgical staplers are routinely used in more than one million minimally invasive laparoscopic, video-assisted, or robotic-assisted surgical procedures annually. Dextera Surgical also markets the only automated anastomosis devices for coronary artery bypass graft (CABG) surgery on the market today: the C-Port® Distal Anastomosis Systems and PAS-Port® Proximal Anastomosis System.

DXTR Stock

Despite the multi-year downtrend and the recent EPS losses, two analysts rate DXTR stock as a “Strong Buy” while one rates DXTR stock as a “Hold”. Their consensus, one-year price target is $0.70. Earnings were projected to be -29% for 2017 but are projected at +16% for next year.

DXTR shareholders have had a rough 2017 so far. Year-to-date, DXTR shares are down over 80% and for the year shares are down over 88%.

EPS for DXTR stock has been negative since 2012 but improved each year until 2016, then a loss of (-$2.33) was posted for 2017. Sales have been rather consistent. In 2013 sales were posted at $3.5 million and that number did not substantially change over the next four 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 $DXTR 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.

Will Earnings Announcement Push Endocyte, Inc. (NASDAQ:ECYT) Over the Top?

Endocyte, Inc. (NASDAQ:ECYT)

Endocyte, Inc. (NASDAQ:ECYT), headquartered in West Lafayette, Indiana, will be announcing their Q3 20187 earnings after the close of the market on Monday, November 6, 2017. ACYT shares traded at less than half their monthly average volume on Friday as traders sat on the sidelines in anticipation of the news.

Endocyte, Inc. (NASDAQ:ECYT)

Endocyte, Inc. (NASDAQ:ECYT), is a biopharmaceutical company that develops therapies for the treatment of cancer and other serious diseases. Endocyte uses its proprietary drug conjugation technology to create therapies for personalized targeted therapies.  The company’s SMDCs actively target receptors that are over-expressed on diseased cells, relative to healthy cells.  This targeted approach is designed to enable the treatment of patients with highly active drugs at greater doses, delivered more frequently and over longer periods of time than would be possible with the untargeted drug alone.

ECYT Stock Review

At the beginning of October, ECYT stock jumped over 150% after the company announced the completion of an exclusive worldwide license of PSMA-617 from ABX GmbH. ABX GmbH is a German developer and manufacturer of chemicals for the nuclear medicine industry. The day after the announcement, ECYT stock hit a new 52-week high of $6.55 – well above their 52-week low of $1.17, which had been established less than 60 days earlier.

Since establishing that 52-week high, ECYT shares have retreated. The low for October was $4.14 and, three times since then, shares traded over $5, but then retreated below that psychologically important level as sellers stepped in.

Year-to-date ECYT shares are up over 96% but are down over the past month by 12%. Three firms follow Endocyte, Inc. (NASDAQ:ECYT). Two rate ECYT shares as a “Strong Buy”, while one rates the shares a “Hold”.

The last four quarterly earnings announcements from Endocyte, Inc. (NASDAQ:ECYT) have either met or beat analyst expectations. For Q3, 2017 analysts are forecasting a per share loss between (-$0.25) and (-$0.30).

Financial ratios for Endocyte, Inc. (NASDAQ:ECYT) appear very healthy. The biotech firm has a cash per share figure of $2.96. Published reports put their current ratio at a robust 22.8. A company’s current ratio is a comparison of current assets to current liabilities. It is calculated by dividing the company’s current assets by its current liabilities. Potential creditors use the current ratio to measure a company’s liquidity or ability to pay off short-term debts.

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 $ECYT 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.

BioScrip Inc (NASDAQ:BIOS) Weathering Adversity

BioScrip Inc (NASDAQ:BIOS)

On Friday, BioScrip Inc (NASDAQ:BIOS) stock rebounded 8% – the day after the biotech’s shares dropped over 20% following a disappointing earnings announcement. On Thursday BIOS shares gapped down then sold off further in response to an earnings announcement of a loss of (-$12.5) million, or (-$0.125) per share, million for Q3 2017. Reports suggest that analysts were expecting a small loss of (-$0.10) per share. Revenues came in at $198.7 million which was also below the $203 million that analysts were expecting.

BioScrip Inc (NASDAQ:BIOS)

BioScrip Business

Denver, CO-based BioScrip Inc (NASDAQ:BIOS) prepares, delivers, administers, and monitors pharmaceutical treatments that are administered to patients in their own homes. BioScrip, Inc. also offers its services at outpatient clinics, nursing facilities, physician’s offices, and ambulatory infusion centers. The company markets and sells its products and services through sales and marketing representatives, payor relationships, and other government programs.

Along with the earnings announcement, BioScrip Inc (NASDAQ:BIOS) provided an update to its 2017 guidance. The company stated that revenues for the full year will be between $805.0 million to $810.0 million. These figures were lowered from earlier in the year due to the disruption from the hurricanes and the UnitedHealthcare contract transition. The Company has also updated its adjusted EBITDA guidance to a range of $42.0 million to $44.0 million 2017.

Daniel E. Greenleaf, President and Chief Executive Officer, made a statement in conjunction with the earnings release “BioScrip delivered adjusted EBITDA of $13.0 million during the third quarter of 2017, while completing the UnitedHealthcare contract transition and enduring disruption from both Hurricane Harvey and Hurricane Irma, which impacted 12 of our branches…. The turnaround plan is on schedule, driven by success in our CORE initiatives which has driven much improved and sustainable profitability and cash flow. With the UnitedHealthcare contract transition complete, we look forward to Core revenue acceleration.”

BIOS Stock Performance

In August, SunTrust upgrade its rating of BIOS shares to a “Buy” which aligned with the rating assigned by LakeStreet. The third firm that covers BioScrip Inc (NASDAQ:BIOS) is Barrington Research and they rate BIOS shares as an “Outperform”.

BioScrip’s annual sales figures increased each year from 2012, when the company reported $593.4 million, to 2015, when it reported $982.2 million. Then in 2016, sales dropped off and the company posted a sales figure of $935.6 million.

Earnings have been tough to come by for the company. Per share losses increased from 2012 (-$0.22) to 2015 (-$4.56) then contracted in 2016 (-$0.46).

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 $BIOS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

DURECT Corporation (NASDAQ:DRRX)

DURECT Corporation (NASDAQ:DRRX) Coming Back to Life?

DURECT Corporation (NASDAQ:DRRX)

On Friday, DRRX stock closed at $0.95, their highest valuation since the shares cratered following a disappointing Phase 3 report almost two weeks ago. Volume for the biotechnology company was heavy – almost three times the listed daily volume average.

DURECT Corporation (NASDAQ:DRRX) shares cratered over 60% on October 20, 2017 on a volume figure of over 8.6 million – DRRX stock previously had an average daily volume of just 456,000. Investors bailed on the biotechnology company after the biotechnology company announced that its drug candidate, Posimir failed to meet its primary efficacy endpoint of pain reduction in a statistical meaningful manner in the Phase 3 PERSIST study.

DRRX Q3 Financials

The biotechnology company reported $6.1 million in Q3 net income versus a net loss of $8.8 million in Q3 2016. DURECT Corporation (NASDAQ:DRRX) reported Q3 revenues of $20.7 compared to $3.7 million over the same period last year. Q3 R&D collaboration revenues were $5.6 million versus to $0.4 million in Q3 2016.

As part of their corporate update, the company informed the public that they signed a patent purchase agreement with Indivior for Durect’s RBP-7000, yielding DURECT a $12.5 million upfront payment, as well as a possible $5 million milestone payment and potential earn-out payments.

Durect – Sandoz License Agreement

DURECT Corporation (NASDAQ:DRRX) and Sandoz AG (“Sandoz”) entered into a license agreement to develop and market POSIMIR in the United States, and the agreement became effective in June 2017. DURECT retains commercialization rights in the rest of the world.  Under terms of the agreement, Sandoz made an upfront payment of $20 million, with the potential for up to an additional $43 million in milestone payments based on successful development and regulatory milestones, and up to an additional $230 million in sales-based milestones.

DURECT is responsible for the completion of the ongoing PERSIST Phase 3 clinical trial for POSIMIR as well as FDA interactions through approval.  DURECT Corporation (NASDAQ:DRRX)  also has certain manufacturing obligations under this agreement.

DURECT Corporation (NASDAQ:DRRX) posted a profit of ($0.16) per share in 2012. Since then, losses have been posted every year and in 2016 they posted their largest loss of (-$0.18) per share. In 2016 the company also their lowest sales figure of $14 million.

In July, 2017 Stifel issues an upgrade to DRRX shares – from a “Hold” to a “Buy”. Then, on October 20, 2017, Stifel and H.C. Wainwright downgraded DRRX stock to a “Hold” from a “Buy”. At that time, Stifel also issued a one-year price target of $0.90.

 

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 $DRRX and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

NASDAQ:IDRA

Idera Pharmaceuticals Inc (NASDAQ:IDRA) Moves Higher

Idera Pharmaceuticals Inc (NASDAQ:IDRA)

Idera Pharmaceuticals Inc (NASDAQ:IDRA) stock has apparently come under selling pressure at the end of the last five trading sessions. Even so, IDRA stock saw a 11.5% increase over the past week. Friday’s high of $1.83 was 38% higher than the 52-week low of $1.32 which was recently established on October 26, 2017.

IDRA stock had plummeted on October 26, after Idera Pharmaceuticals Inc (NASDAQ:IDRA) announced pricing a share offering at $1.50 – the previous close for IDRA shares was $2.03. The offering was for 33,333,334 shares of its common stock with a 30-day option to for the underwriters to purchase up to an additional 5,000,000 shares of common stock.

NASDAQ:IDRA

About Idera

Idera Pharmaceuticals Inc (NASDAQ:IDRA)’s development program focuses on boosting the immune system to play a more powerful role in fighting cancer, and ultimately increase the number of people who can benefit from immunotherapy. Idera invests in research and development, and works with investigators and partners to address the unmet needs of patients who are suffering from rare, life-threatening diseases.

IDRA Stock Performance

JP Morgan, Wedbush Securities, Piper Jaffray, and Baird all follow Idera Pharmaceuticals Inc (NASDAQ:IDRA) and rate the shares as a “Strong Buy”. The listed consensus one-year price target is $5.75. Year-to-date ODRA shares are up only 16%. For the year, IDRA stock is up 19.2%.

Idera Pharmaceuticals Inc (NASDAQ:IDRA) has posted per share losses since 2012 (-$0.81) but the trend has been favorable and the loss for 2016 was just (-$0.30). Last year the company posted their first significant sales figure of $16.2 million. The downside for investors has been the annual dilution as outstanding shares have increased every year since 2012 when the number of outstanding shares was 27.64 million. But by the end of 2016, and prior to the most recent share offering, over 127.6 million shares were listed as outstanding.

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 $IDRA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.