RE: Looks like the start of a rerate23 Dec 2020 20:25
There's been a raft of commercial deals over the last year, many worth $100m's , involving early stage bio's focussed, on STAT3 or NRF2 and also SHP2 , all of which SFX-01 appears to have a potent therapeutic effect......yet Evgen's market cap is still only £15m with a phase 2/3 ARDS/ Covid patient trial underway, and awaiting data for a phase2b breast cancer trial to commence, where phase 2 data was outstanding and life changing for some patients, as well as disclosure on a collaborator on some of the best Solid Tumour preclinical data ever seen for a hard to treat cancer , as well as the rest of the promising pipeline focussed on multiple disease targets, not to mention the licensing deal with Jim Mellon worth $10.5m and royalties thereafter......sooner or later a Major will show their hand, or positive trial data and progress will propel Evgen's sp to fair market value and beyond...Gla ;-)
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Scopus BioPharma Stock Price Surged Over 300% In Public Debut
December 18, 2020
The stock price of Scopus BioPharma (NASDAQ: SCPS) increased from $8.17 at 11 AM ET on December 16 to $33.96 on December 17 at 4 PM ET. Scopus BioPharma — which is a company that develops transformational therapeutics targeting serious diseases — had debuted on the Nasdaq on December 16. The company’s lead program is a targeted immuno-oncology gene therapy for the treatment of multiple cancers.
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Back in June, Scopus BioPharma said it is licensing novel immuno-oncology gene therapy drug from the City of Hope. The City of Hope is a world-renowned independent research and treatment center for cancer, diabetes, and other life-threatening diseases near Los Angeles, California.
And the licensed gene therapy drug CpG-STAT3siRNA (or the STAT3 inhibitor) is a highly-selective and targeted therapy that silences the activity of the STAT3 gene by way of RNA interference while stimulating the TLR9 receptors to activate the body’s immune defense to recognize and kill cancer cells.
In pre-clinical testing, the STAT3 inhibitor successfully reduced growth and metastasis of various pre-clinical tumor models, including melanoma, colon and bladder cancers, as well as leukemia and lymphoma. A first-in-human Phase 1 clinical trial in B-cell lymphoma patients was scheduled to commence in H2 2020 at City of Hope.
https://pulse2.com/scopus-biopharma-stock-price-nasdaq-scps-over-300/