Novan Inc. (NASDAQ: NOVN) announced that it expects its current cash to be adequate for funding the additional third phase pivotal SB206 study in treating patients with molluscum or B-SIMPLE4. Novan has almost 17 million for conducting phase 3 SB206 trial Since the beginning of June, Novan has secured around $16.9 million from common shares […]
FDA
Gilead Sciences, Inc. (NASDAQ:GILD) Reports Minor Benefits Of Remdesivir In COVID-19 Patients
Gilead Sciences, Inc. (NASDAQ:GILD) released an update about its developmental COVID-19 vaccine remdesivir, revealing that the treatment yielded modest improvements in patients. Coronavirus patients who were administered with remdesivir intravenously for five days demonstrated moderate improvements. However, the COVID-19 patients that were treated with the drug for 10-days did not yield significant improvements. Remdesivir was […]
Abbott Laboratories’ (NYSE:ABT) ID NOW test May Be Giving Inaccurate Test Results Due To “User Error”
The US FDA has warned that Abbott Laboratories’ (NYSE:ABT) rapid COVID-19 test might be having accuracy issues that might be due to user error. The FDA cited various studies that have raised concerns about the test’s accuracy when employed in making a quick diagnosis. Abbott’s rapid test could be giving inaccurate results Alex Azar, the […]
Capital Flowing Back into Cannabis Stocks (GWPH, CGC, MCTC, TCNNF)
Cannabis investors have been burnt by oversupply and a proliferation of pretenders over the past two years. But the sun is finally starting to come back out from behind those clouds over the past month, with many survivors starting to show signs of thriving in the post-purge world that now defines the space. The pandemic […]
InVivo Therapeutics Staggers over Recent Positive News (NVIV)
Two weeks ago, InVivo Therapeutics (OTC: NVIV) released second quarter financial results that showed a pro forma loss of $0.04 versus a loss $0.05 for the same period last year. The company also mentioned the clinical progress for its biopolymer scaffolding and hydrogel technologies. According to the report, the FDA is prepared to clear the […]
A Pristine Day for Pristine Solutions while Nokia Slides (PRTN)
Despite flooding the market with Windows-powered smartphones, troubles for Nokia (NYSE: NOK) are far from over. On the other hand, Pristine Solutions (OTC: PRTN) is having a field day in the OTC market buoyed by its recent acquisition of Eaton Scientific Systems. Market forces are applying increasing pressure to behemoths like Apple, Microsoft and Google […]
Cytomedix Share Price Surges After Coverage Determination Granted by CMS (CMXI)
Cytomedix (OTC: CMXI) staged a huge rally in today’s trading session after informing the public that the Center for Medicare & Medicaid Services (CMS) granted Coverage with Evidence Development (CED) for the Cytomedix AutoloGel products. Today’s press release mentions that the Centers for Medicare & Medicaid Services issued a National Coverage Determination (NCD) on August 2, […]
Medicare Approval Has Seniors Jumping for Joy, Breaking Hips (TBIO)
For nearly 50 million Americans, Medicare approval is crucial for determining what medical procedures one can undergo. Transgenomic (OTC: TBIO) stated today that after quite a bit of legal wrangling and waiting, it had finally received Medicare’s endorsement for its Clopidogrel Genetic Absorption Activation Panel. This simple saliva test is used to identify patients who […]
Advanced Cell Technology Advances to Green Zone (ACTC)
Advanced Cell Technology (OTC: ACTC) closed in the green today at $0.084, with 1.3% minor gain in share price, comparing with yesterday’s larger rally of over 20%. Volume of the stock also spiked to a total of 18.3 million shares, bypassing its average of 5.4 million. With its recent rally, Advanced Cell Technology stock is […]
Talon Therapeutics Trades at Historical High (TLON)
Talon Therapeutics (OTC: TLON) climbed higher in today’s trading session, rallying to a solid 6.3%, It closed at $1.35 per share, which is the stock’s historical high closing price. At one point of the day, Talon traded to a share price of $1.48. The prior highest closing price of the stock was set at $1.34 […]
diaDexus Pulses to a New Annual High (DDXS)
Trading flowed green today for shares of diaDexus (OTC: DDXS) as the stock touched a new 52-week high in narrow trading. The price range for the stock today was only a nickel with a low of $0.41, and a high of $0.46. The nearly 1.5 million shares traded today was the second heaviest volume day […]
