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Nasdaq Edges Lower; Johnson & Johnson Earnings Top Estimates
Benzinga· 2026-01-21 17:15
Market Overview - U.S. stocks showed mixed performance with the Dow up 0.30% to 48,632.75, the S&P 500 rising 0.16% to 6,807.83, while the Nasdaq fell 0.06% to 22,940.77 [1] Sector Performance - Energy shares increased by 2% on Wednesday, while consumer staples stocks decreased by 0.5% [2] Company Earnings - Johnson & Johnson reported fourth-quarter earnings of $2.46 per share, a 20.6% increase year over year, surpassing the consensus estimate of $2.44. The company also reported sales of $24.56 billion, up 9.1% year over year, exceeding the consensus of $24.16 billion [3] - For fiscal 2026, Johnson & Johnson provided adjusted earnings guidance of $11.43-$11.63, slightly above the consensus of $11.45, and expects sales of $99.50 billion-$100.5 billion compared to the consensus of $98.89 billion [4] Stock Movements - PAVmed Inc shares surged 246% to $21.43 after a contract award for its EsoGuard Esophageal DNA Test [10] - Progress Software Corp shares rose 22% to $47.08 following better-than-expected fourth-quarter results and positive first-quarter guidance [10] - Lisata Therapeutics Inc shares increased by 86% to $4.01 after announcing a binding term sheet for acquisition at $4.00 per share [10] - Venus Concept Inc shares fell 55% to $1.99 after announcing plans to delist from Nasdaq [10] - Innovation Beverage Group Ltd shares dropped 38% to $0.96 after a business update regarding energy expansion and a proposed merger [10] - Gibraltar Industries Inc shares declined 18% to $44.70 after reporting preliminary fourth-quarter results below estimates [10] International Markets - European shares were mixed, with the eurozone's STOXX 600 gaining 0.03%, while Spain's IBEX 35 rose 0.19%. London's FTSE 100 increased by 0.27%, Germany's DAX fell 0.47%, and France's CAC 40 gained 0.14% [8] - Asian markets closed mixed, with Japan's Nikkei down 0.41%, Hong Kong's Hang Seng Index up 0.37%, China's Shanghai Composite up 0.08%, and India's BSE Sensex down 0.33% [11]
Dow Surges 300 Points; Netflix Shares Fall After Q4 Results - CN Energy Group (NASDAQ:CNEY), Innovation Beverage Group (NASDAQ:IBG)
Benzinga· 2026-01-21 15:05
Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 300 points, up 0.63% to 48,792.32, while the NASDAQ rose 0.75% to 23,126.84, and the S&P 500 gained 0.73% to 6,846.72 [1] Company Performance - Netflix, Inc. (NASDAQ:NFLX) shares declined around 3% after reporting fourth-quarter financial results and providing first-quarter guidance that fell below estimates. The company reported earnings per share of 56 cents, surpassing the consensus estimate of 55 cents, and revenue of $12.05 billion, exceeding the consensus estimate of $11.97 billion [2] - For the first quarter, Netflix guided for earnings per share of 76 cents and revenue of approximately $12.16 billion, indicating expectations for continued advertising revenue growth and plans to invest in content, advertising initiatives, and newer formats such as live events, video podcasts, and games [3] Commodity Market - In commodity news, oil prices increased by 0.1% to $60.40, while gold rose by 2.4% to $4,880.20. Silver traded up 0.2% to $94.825, and copper saw a rise of 0.7% to $5.8525 [6] European Market - European shares showed a decline, with the eurozone's STOXX 600 falling by 0.8%, Spain's IBEX 35 Index down 1%, London's FTSE 100 decreasing by 0.1%, Germany's DAX falling by 1.4%, and France's CAC 40 slipping by 0.5% [7] Asian Market - Asian markets closed mixed, with Japan's Nikkei down 0.41%, Hong Kong's Hang Seng Index up 0.37%, China's Shanghai Composite gaining 0.08%, and India's BSE Sensex falling by 0.33% [10] Notable Stock Movements - PAVmed Inc (NASDAQ:PAVM) shares surged 232% to $20.57 following a contract award to its subsidiary for the EsoGuard Esophageal DNA Test. Smart Logistics Global Ltd (NASDAQ:SLGB) shares increased by 141% to $2.97. Lisata Therapeutics Inc (NASDAQ:LSTA) shares rose by 85% to $4.00 after announcing a binding term sheet for acquisition at $4.00 per share [9] - Conversely, Venus Concept Inc (NASDAQ:VERO) shares dropped 52% to $2.16 due to an announcement of delisting from Nasdaq, while Innovation Beverage Group Ltd (NASDAQ:IBG) shares fell 39% to $0.95 following a business update [9]
Dow Surges 300 Points; Netflix Shares Fall After Q4 Results
Benzinga· 2026-01-21 15:05
Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 300 points, up 0.63% to 48,792.32, while the NASDAQ rose 0.75% to 23,126.84, and the S&P 500 gained 0.73% to 6,846.72 [1] Company Performance - Netflix, Inc. (NASDAQ:NFLX) shares declined around 3% after reporting fourth-quarter financial results and providing first-quarter guidance that fell below estimates. The company reported earnings per share of 56 cents, surpassing the consensus estimate of 55 cents, and revenue of $12.05 billion, exceeding the consensus estimate of $11.97 billion [2] - For the first quarter, Netflix guided for earnings per share of 76 cents and revenue of approximately $12.16 billion, indicating expectations for continued advertising revenue growth and plans to invest in content, advertising initiatives, and newer formats such as live events, video podcasts, and games [3] Commodity Market - In commodity news, oil prices increased by 0.1% to $60.40, while gold rose by 2.4% to $4,880.20. Silver traded up 0.2% to $94.825, and copper saw a rise of 0.7% to $5.8525 [6] European Market - European shares showed a decline, with the eurozone's STOXX 600 falling by 0.8%, Spain's IBEX 35 Index down 1%, London's FTSE 100 decreasing by 0.1%, Germany's DAX down 1.4%, and France's CAC 40 slipping by 0.5% [7] Asian Market - Asian markets closed mixed, with Japan's Nikkei falling by 0.41%, Hong Kong's Hang Seng Index gaining 0.37%, China's Shanghai Composite up by 0.08%, and India's BSE Sensex down by 0.33% [10] Notable Stock Movements - PAVmed Inc (NASDAQ:PAVM) shares surged by 232% to $20.57 following a contract award to its subsidiary for the EsoGuard Esophageal DNA Test. Smart Logistics Global Ltd (NASDAQ:SLGB) shares increased by 141% to $2.97, while Lisata Therapeutics Inc (NASDAQ:LSTA) shares rose by 85% to $4.00 after announcing a binding term sheet for acquisition at $4.00 per share [9]
Biotech Momentum Builds In After-Hours Trading As BioAtla, Entero, And Sonnet Climb
RTTNews· 2025-12-01 03:29
Core Insights - Several small-cap biotech and healthcare stocks experienced significant gains in after-hours trading on November 28, 2025, despite a lack of new news [1] Company Summaries - **BioAtla Inc. (BCAB)**: Shares surged 13.94% to $1.03 after closing at $0.9040, up 6.27%. The increase may be linked to financing agreements announced on November 21, including a $7.5 million advance and a Standby Equity Purchase Agreement allowing for the sale of up to $15 million in common stock at a 3% discount [2] - **Metagenomi Inc. (MGX)**: Stock rose 5.71% to $1.85 after a 3.55% gain to $1.75 during regular trading. The movement appears driven by investor sentiment or technical factors, with no new corporate updates [3] - **PAVmed Inc. (PAVM)**: Advanced 5.72% to $0.3900, recovering from a slight decline earlier in the day. The company reported a GAAP net loss of $6.3 million, or $(0.29) per share, with revenue dropping sharply to $5,000 from $996,000 year-over-year [4] - **Precision BioSciences, Inc. (DTIL)**: Gained 2.94% to $5.60, building on a 6.46% rise to $5.44. The company is set to present Phase 1 data from its ELIMINATE-B trial at the Hep-DART 2025 meeting, which may be boosting investor optimism [5] - **Reviva Pharmaceuticals Holdings, Inc. (RVPH)**: Edged up 2.04% to $0.57 after a 7.66% gain to $0.5625. The company narrowed its quarterly net loss to $4.0 million, or $0.06 per share, compared to $8.4 million, or $0.25 per share, in the prior year [6] - **Sonnet BioTherapeutics Holdings, Inc. (SONN)**: Rose 5.11% to $3.91, recovering from a 10.47% decline earlier in the day. The company adjourned a special meeting to allow more time for voting on a proposed combination with Hyperliquid Strategies Inc. and Rorschach I LLC, with over 95% of shares voting in favor [7] - **Entero Therapeutics, Inc. (ENTO)**: Gained 3.68% to $3.10 after a 5.28% rise to $2.99. The company announced a rebranding to GridAI Technologies Corp., effective December 1, 2025, following its acquisition of GRID AI Corp. The new ticker symbol "GRDX" will debut on the Nasdaq Capital Market [8]
Lucid Diagnostics Appoints Danielle Scelfo as Senior Vice President, Market Access & Government Affairs
Prnewswire· 2025-09-16 12:01
Core Insights - Lucid Diagnostics Inc. has appointed Danielle Scelfo as Senior Vice President of Market Access & Government Affairs to enhance market access infrastructure and accelerate commercial coverage expansion for its EsoGuard Esophageal DNA Test [1][2] - The company is at a critical juncture, aiming to expand patient access to the EsoGuard test, with Medicare coverage anticipated following a positive MolDX CAC meeting [2][3] Company Overview - Lucid Diagnostics is a commercial-stage cancer prevention medical diagnostics company and a subsidiary of PAVmed Inc., focusing on patients with gastroesophageal reflux disease (GERD) who are at risk of esophageal precancer and cancer [3] - The EsoGuard test is the first and only commercially available tool designed for early detection of esophageal precancer in at-risk patients [3] Leadership and Experience - Danielle Scelfo brings over 25 years of experience in market access, reimbursement, and government affairs, having held senior roles in various diagnostics companies [2][3] - Her previous positions include Vice President at ClearNote Health and leadership roles at CareDx, Hologic, Adaptive Biotechnologies, and Genomic Health [2]
Lucid Diagnostics to Host Investor Call on Monday, September 8, 2025
Prnewswire· 2025-09-05 13:16
Core Points - Lucid Diagnostics Inc. will host a conference call on September 8, 2025, at 8:30 AM ET to discuss the recent Contractor Advisory Committee meeting regarding the reconsideration of Local Coverage Determination for its EsoGuard® Esophageal DNA Test [1][2] - The EsoGuard® test is aimed at patients with GERD who are at risk of developing esophageal precancer and cancer, utilizing a noninvasive procedure for early detection [4] Company Overview - Lucid Diagnostics is a commercial-stage cancer prevention medical diagnostics company and a subsidiary of PAVmed Inc. [4] - The company focuses on early detection of esophageal precancer in at-risk patients through its EsoGuard® Esophageal DNA Test and EsoCheck® Esophageal Cell Collection Device [4]
Lucid Diagnostics to Participate in the Cantor Global Healthcare Conference 2025
Prnewswire· 2025-08-27 12:00
Company Overview - Lucid Diagnostics Inc. is a commercial-stage cancer prevention medical diagnostics company and a subsidiary of PAVmed Inc. [3] - The company focuses on patients with GERD (chronic heartburn) who are at risk of developing esophageal precancer and cancer [3]. Product Information - Lucid's flagship product is the EsoGuard® Esophageal DNA Test, which is performed using the EsoCheck® Esophageal Cell Collection Device [3]. - These tools are designed for the early detection of esophageal precancer in at-risk patients, aiming to prevent esophageal cancer and related deaths [3]. Upcoming Event - Lishan Aklog, M.D., Chairman and CEO of Lucid, will participate in a fireside chat at the Cantor Global Healthcare Conference 2025 on September 5, 2025, at 8:35 AM EDT [1][2]. - The event will be available via live and archived webcast, accessible through the company's Investor Relations section [2].
Lucid Diagnostics Provides Business Update and Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-13 12:00
Core Insights - Lucid Diagnostics Inc. reported a revenue of $1.2 million for EsoGuard tests in Q2 2025, processing a total of 2,756 tests, and ended the quarter with over $30 million in proforma cash, extending its financial runway into 2026 [1][6][9] - A significant Multi-Jurisdictional Contractor Advisory Committee (CAC) meeting regarding Medicare Local Coverage Determination (LCD) for EsoGuard is scheduled for September 4, 2025, which is seen as a critical step towards securing positive Medicare coverage [1][4][6] - The company has strengthened its balance sheet through a public offering, netting approximately $16.1 million in proceeds, and has initiated patient testing under a new commercial insurance coverage policy from Highmark Blue Cross Blue Shield [4][6][9] Business Highlights - The upcoming MolDx CAC meeting is viewed as a major milestone for Lucid, with expectations of strong support from medical experts for the clinical utility of EsoGuard [4] - Lucid has partnered with Hoag to launch a comprehensive EsoGuard testing program, enhancing access for at-risk patients [6] - A study sponsored by the National Cancer Institute (NCI) has shown that EsoGuard effectively detects esophageal precancer in patients without GERD symptoms, potentially increasing market opportunities by up to 70% [6] Financial Results - For the three months ended June 30, 2025, Lucid reported revenues of $1.2 million, with operating expenses of approximately $12.5 million, leading to a GAAP net loss of about $7.9 million or $(0.08) per share [9][10] - The non-GAAP adjusted loss for the same period was approximately $9.9 million or $(0.10) per share, reflecting the impact of stock-based compensation and other non-cash expenses [9][10] - Cash and cash equivalents stood at $31.1 million as of June 30, 2025, compared to $22.4 million at the end of 2024, indicating improved liquidity [9]
Lucid Diagnostics to Hold a Business Update Conference Call and Webcast on August 13, 2025
Prnewswire· 2025-07-30 12:01
Company Overview - Lucid Diagnostics Inc. is a commercial-stage cancer prevention medical diagnostics company and a subsidiary of PAVmed Inc. [4] - The company focuses on patients with gastroesophageal reflux disease (GERD), who are at risk of developing esophageal precancer and cancer [4]. Upcoming Conference Call - Lucid Diagnostics will host a business update conference call and webcast on August 13, 2025, at 8:30 AM ET [1]. - The call will feature Lishan Aklog, M.D., the Chairman and CEO, providing a business update and overview of the company's operations and growth strategy [1]. - Dennis McGrath, the CFO, will discuss the company's second quarter 2025 financial results during the call [1]. Access Information - The webcast will be available on the investor relations section of the company's website [2]. - U.S.-based callers can access the conference call by dialing 1-800-836-8184, while international listeners should dial 1-646-357-8785 [2]. - A replay of the conference call will be available for 30 days on the investor relations section of the company's website [3]. Product Information - Lucid's EsoGuard® Esophageal DNA Test is the first and only commercially available tool designed for early detection of esophageal precancer in at-risk patients [4]. - The test is performed on samples collected using the EsoCheck® Esophageal Cell Collection Device, which involves a brief, noninvasive office procedure [4].
MolDX to Convene Expert Medical Panel on Medicare Local Coverage Determination (LCD) for Lucid Diagnostics' EsoGuard® Esophageal DNA Test
Prnewswire· 2025-07-16 11:31
Group 1 - Lucid Diagnostics Inc. announced a virtual public meeting on September 4, 2025, to discuss the reconsideration of Local Coverage Determination (LCD) L39256 for its EsoGuard® Esophageal DNA Test [1] - The meeting will involve Medicare Administrative Contractors and medical experts, focusing on the clinical literature related to esophageal precancer testing [2] - Lucid's CEO expressed optimism about the meeting's potential to lead to a positive Medicare coverage policy outcome, citing broad consensus in the GI community regarding the clinical utility of EsoGuard [2] Group 2 - Lucid Diagnostics is a commercial-stage company focused on cancer prevention, specifically targeting patients with gastroesophageal reflux disease (GERD) at risk of esophageal precancer [3] - The EsoGuard® Esophageal DNA Test is designed for early detection of esophageal precancer through a noninvasive procedure, representing a significant advancement in cancer prevention tools [3]