Home Trending Stocks Here is why Sellas Life Sciences Group Inc (SLS) stock surged on...

Here is why Sellas Life Sciences Group Inc (SLS) stock surged on Friday?

SELLAS Life Sciences Group Inc. (SLS) shares climbed 5.77% in the after-market on Friday, May 28, 2021, and closed the week at $12.65 per share. in Friday’s morning session, SLS’s stock gained 11.57% to close Friday’s normal session at $11.96 per share. SLS shares have risen 248.69% over the last 12 months, and they have moved up 22.67% in the past week. Over the past three months, the stock has jumped 41.71%, while over the past six months, it has soared 236.90%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Upcoming Shareholder Update Call

SELLAS Life Sciences Group, Inc will host a Shareholder Update Call on Thursday, June 3, 2021, at 8:30 a.m. ET.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

The call will be facilitated by SELLAS’ President & CEO, Angelos Stergiou, MD, ScD. h.c., who will provide a corporate update.

Read More

New Patent granted for Galinpepimut-S 

OnMay 27, 2021,U.S. Patent and Trademark Office (USPTO) has issued a Notice of Allowance in a patent application covering the use of galinpepimut-S (GPS), the SELLAS Life Sciences Group Wilms Tumor-1 (WT1)-targeting peptide immunotherapeutic, in combination with checkpoint inhibitor therapies for the treatment of WT1-expressing cancers.

Financial results announcement

On May 13, 2021, SELLAS Life Sciences Group, Inc. released its financial results for the quarter ended March 31, 2021.

Q1 2021 financial highlights

  • SELLAS Life Sciences Group recorded $5.7 million of licensing revenue in Q1 2021 compared to zero revenue in Q1 2020.
  • Research and development expenses were $4.3 million in Q1 2021 compared to $1.9 million for the first quarter of 2020.
  • Total operating expenses were $7.95 million in Q1 2021 compared to $4.06 million in Q1 2020.
  • Net loss attributable to common stockholders was $2.4 million or a basic and diluted loss per share attributable to common stockholders of $0.16 in Q1 2021 compared to a net loss attributable to common stockholders of $4.2 million or a basic and diluted loss per share attributable to common stockholders of $0.66for the first quarter of 2020.
  • SELLAS Life Sciences Group had cash and cash equivalents totalled approximately $28 million on March 31, 2021.

FY-2020 financial results announcement

On March 23, 2021, SELLAS Life Sciences Group, Inc released its financial results for the full year ended December 31, 2020.

FY-2020 financial highlights

  • SELLAS Life Sciences Group earned a licensing revenue of $1.9 million in FY 2020 compared to zero revenue in FY 2019.
  • Research and development expenses were $9.3 million in FY 2020 compared to $7.3 million in FY 2019.
  • General and administrative expenses were $9.6 million in FY 2020 compared to $9.9 million for the year December 31, 2019.
  • Net loss attributable to common stockholders was $16.8 million or a basic and diluted loss per share of $2.11 in FY 2020, compared to a net loss attributable to common stockholders of $28.0 million or a basic and diluted loss per share of $10.92 in FY 2019.
  • As of December 31, 2020, SELLAS had cash and cash equivalents totalled approximately $35.3 million December 31, 2020.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

The new patent approval could be the reason behind SLS exceptional performance on Friday and we expect SLS stock to continue its momentum after the long weekend as well.

Get The Best Stocks To Trade Every Day!

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

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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 Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam