Home Top Movers Why These Five Biotech Stocks Are Red Hot Today?

Why These Five Biotech Stocks Are Red Hot Today?

MyoKardia, Inc. (MYOK) surged over 50% on news that Myers Squibb Co. will acquire MyoKardia Inc. for $13.1 billion in cash to boost its heart therapy offering. Bristol Myers, which signed the biggest pharmaceutical contract in history only last year, will pay $225 a share for MYOK, according to the company’s announcement on Monday. The deal price represents a premium of 61 per cent over the biotech stock’s Friday closing price.

Eidos Therapeutics, Inc. (EIDX) made strong gains as BridgeBio (BBIO) purchases 36.3 per cent of Eidos that it does not own for cash and stock valued at $73.26 per share. Terms grant the holders of Eidos the right to earn either 1.85 BridgeBio shares or $73.26 in cash for each of their shares. The overall cumulative amount of cash offered in the deal is $175 million.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Artelo Biosciences, Inc. (ARTL) extends rally from last week when the news came out the company is licensed by the UK Ethics Committee for its Cancer Appetite Recovery Study (CARES) Synthetic Cannabinoid ART27.13 in patients with anorexia cancer and weight loss. CAReS is a Phase 1/2 clinical trial of ART27.13 involving up to 49 participants, initially located in the U.K. The primary endpoint in this phase is the determination of the most effective and safe dose of ART27.13.

Humanigen, Inc. (HGEN) is trending higher after the company reported on Friday that the U.S. Food and Drug Administration has indicated that its proposal for emergency use authorisation (EUA) for coronavirus treatment with lenzilumab may be appropriate, pending Phase 3 trial results. The agency offered input at what is known as the Type B meeting and indicated that there is no need for any material adjustment in the company’s chemical, manufacturing & control strategy, EUA labelling and statistical analysis plan. Humanigen also announced that the enrollment in the Phase 3 study referred to above continues in the United States and Brazil and has now been accepted for expansion to Mexico.

Enlivex Therapeutics Ltd. (ENLV) climbed higher, extending gains after it published tentatively promising results for Allocetra as a treatment for patients with serious and essential types of COVID-19 therapy. Data were taken from a small sample of five patients with COVID-19, three of whom were in a moderate condition and two were in a critical condition. After Allocetra, all five patients were completely recovered; those in moderate condition were released from hospital after an average of 5.5 days, and those in critical condition reached the same milestone after 8.5 days. No adverse effects have been reported. The therapy has also been studied in ten sepsis patients with a similar effectiveness and safety profile.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Onesmart International Education Group Ltd. (ONE) stock surges during current market. What’s driving it high?

Onesmart International Education Group Ltd. (NASDAQ: ONE) stock gains by 111.86% in the current market trading session. OneSmart International Education is a major Chinese...

LivePerson Inc. (LPSN) stock plunge during pre-market. What’s driving it low?

LivePerson Inc. (NASDAQ: LPSN) stock gained by 0.86% at last close whereas the LPSN stock declines by 9.39% in the pre-market trading session. Through...

The Clorox Company Ltd. (CLX) stock decline during pre-market. Here’s the recent update

The Clorox Company Ltd. (NASDAQ: CLX) stock gained by 0.17% at last close whereas the CLX stock price fell by 11.59% in the pre-market....

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

OneConnect Financial Technology Inc. (OCFT) stock plunge during current market. Here’s what you should know.

OneConnect Financial Technology Inc. (NASDAQ: OCFT) stock declines by 22.12% in the current market trading. In China, OneConnect is the most popular technology-as-a-service platform...

Invitae Corporation Inc. (NVTA) stock surge during current market. Here’s the update:

Invitae Corporation Inc. (NASDAQ: NVTA) stock gains by 12.35% in the current market trading session. Invitae Corporation is a prominent medical genetics business whose...

LivePerson Inc. (LPSN) stock plunge during pre-market. What’s driving it low?

LivePerson Inc. (NASDAQ: LPSN) stock gained by 0.86% at last close whereas the LPSN stock declines by 9.39% in the pre-market trading session. Through...

Related News

Here is why Activision Blizzard Inc. (ATVI) stock turnaround in the after-hours on Tuesday?

Activision Blizzard Inc. (ATVI) shares gained 6.10% in after-hours on Tuesday, August 03, 2021, and closed the daily trading at $84.70 per share. Earlier...

Lixte Biotechnology Holdings Inc. (LIXT) stock surge during current market. Here’s the recent news

Lixte Biotechnology Holdings Inc. (NASDAQ: LIXT) stock gains by 32.32% in the current market trading session. Lixte Biotechnology Holdings is a clinical-stage pharmaceutical business...

Arcturus Therapeutics Inc. (ARCT) stock surged during pre-market. Here’s the latest news.

Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) stock gained by 10.7% at last close while the ARCT stock rises by 7.53% in the pre-market trading...

Here is why Ramaco Resources Inc. (METC) stock performed well on Monday?

Ramaco Resources Inc. (METC) shares surged 9.46% in after-hours on Monday, August 2, 2021, and closed the daily trading at $7.29 per share. in...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam