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.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s 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

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY...

Here is Dolphin Entertainment Inc (DLPN) stock turnaround on Thursday, April 15, 2021

Dolphin Entertainment Inc (DLPN) stock was facing negativity in the normal trading session on Thursday, April 15, 2021. It lost 8.05% in the morning...

Why Is TAOP Stock Increasing Today?

Taoping Inc. (NASDAQ: TAOP) is rising on the charts today with a gain of 18.04% to trade at $7.33 at last check-in early trading. Yesterday,...

Is VIZSF Stock Price Up This Past Session?

At the previous close, shares of Vizsla Silver Corp. (OTCQB: VIZSF) were up 8.41% to $1.41. A total of 201,300 shares of Vizsla Silver...

How Did The KXIN Stock Rise In The Last Session?

On Thursday, more than 15.02 million shares of Kaixin Auto Holdings (NASDAQ: KXIN) were traded, and the closing share price was $2.56, an increase...

Why Did The CMCL Stock Rise By 8% In Last Trading?

Caledonia Mining Corporation Plc (NYSE: CMCL) gained 8.91% during the trading session on Thursday. The share price reached a low of $13.70 and a...

What Led The AKUS Stock To Increase On Thursday?

In its Thursday trading session, Akouos Inc. (NASDAQ: AKUS) rose by 8.08%, or $1.16, compared with its previous market close price. The lowest price...

Related News

Will It Boost The GMBL Stock Today?

In premarket trading today, the shares of Esports Entertainment Group Inc. (NASDAQ: GMBL) were on the rise. The Esports stock fell by -5.06% to close...

How Did The KXIN Stock Rise In The Last Session?

On Thursday, more than 15.02 million shares of Kaixin Auto Holdings (NASDAQ: KXIN) were traded, and the closing share price was $2.56, an increase...

What Led The AKUS Stock To Increase On Thursday?

In its Thursday trading session, Akouos Inc. (NASDAQ: AKUS) rose by 8.08%, or $1.16, compared with its previous market close price. The lowest price...

MER Telemanagement Solutions Ltd. (MTSL) stock skyrocketed in the after-market session

MER Telemanagement Solutions Ltd. (MTSL) stock soared 123.34% in the after-hours market on Thursday, April 15, 2021, after losing 7.42% in the normal trading...

Is This Why The ARDX Stock Rose Last Trading?

Ardelyx Inc. (NASDAQ: ARDX) opened Wednesday’s trading session at $7.25 and achieved its intraday high of $8.17. Ardelyx stock closed the trading session at...

Get The Best Stocks To Trade Every Day!

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

Get The Best Stocks To Trade Every Day!

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

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.