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Joint Press Release: Onconetix and Ocuvex Announce Mutual Termination of Merger Agreement
Globenewswire· 2025-09-26 12:15
Core Viewpoint - Onconetix, Inc. and Ocuvex Therapeutics, Inc. have mutually terminated their merger agreement, deciding to pursue independent paths for the benefit of their stakeholders [1][2]. Company Summaries Onconetix, Inc. - Onconetix is a commercial-stage biotechnology company focused on innovative solutions for men's health and oncology [4]. - The company owns Proclarix®, an in vitro diagnostic test for prostate cancer, which is approved for sale in the European Union under the IVDR [4]. Ocuvex Therapeutics, Inc. - Ocuvex is dedicated to advancing ophthalmic science and improving patient outcomes through innovative research and product development [5]. - The company has received its New Jersey state pharmaceutical license and plans to launch Omlonti in the coming weeks [3].
Dow Jones set to lead gains on Friday as Nasdaq moves sideways
Proactiveinvestors NA· 2025-09-26 12:01
Core Insights - Proactive Investors provides fast, accessible, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] Company Expertise - Proactive has a team of experienced financial journalists with expertise in various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - The company emphasizes the use of technology to enhance workflows and content production, adopting automation and software tools while ensuring human oversight [4][5]
Datavault AI Shares Jump 23% After Hours As Company Secures $150 Million Bitcoin Investment To Build Supercomputer
Benzinga· 2025-09-26 02:47
Core Insights - Datavault AI Inc. (NASDAQ: DVLT) shares experienced a significant increase after securing a $150 million investment in Bitcoin to enhance its supercomputing capabilities [1][3] - The stock surged over 23% in after-hours trading, building on a 64% increase from the previous close [2][4] Investment Details - The investment was made by Scilex Holding Company, aimed at improving Datavault's supercomputing infrastructure, expanding independent data exchanges, and creating new revenue streams [3] - The transaction was executed in Bitcoin at the current spot exchange rate, reflecting a strategic move to capitalize on the growing biotech data monetization market [3] Market Performance - Datavault AI shares closed at $0.8348 during regular trading and rose to an intraday high of $1.07, marking a total increase of 64% from the previous close [2][4] - In contrast, Scilex Holding's stock fell by 2.16% in after-hours trading despite a 1.92% increase earlier in the day [4]
GlobalTech Strengthens Leadership Team with Appointment of Seasoned Executive, Frank R. Parrish, III as President
Globenewswire· 2025-09-25 20:30
Core Insights - GlobalTech Corporation has appointed Frank R. Parrish, III as the new president, enhancing its management team [1][3] - Mr. Parrish brings over 25 years of experience in assurance and advisory roles, with expertise in SEC reporting, IPOs, and various industries [2] - The appointment is expected to strengthen GlobalTech's presence in the U.S. market and improve interactions with U.S. investors [3] Company Overview - GlobalTech Corporation is a U.S.-based technology holding company focused on artificial intelligence, big data, and emerging technologies [3] - The company aims to drive innovation through strategic partnerships, scalable platforms, and capital investments [3]
Medicenna Therapeutics (OTCPK:MDNA.F) 2025 Conference Transcript
2025-09-25 20:27
Summary of Medicenna Therapeutics Conference Call Company Overview - Medicenna Therapeutics is a clinical stage immunotherapy company focused on developing therapies for oncology, particularly through its proprietary "evolutionary superkinds" licensed from Stanford University [2][3] - The company is listed on TSX and OTCQX, with a market capitalization of approximately CAD 80 million [14] Core Programs and Developments - **Lead Program: MDNA-11** - MDNA-11 is an IL-2 superagonist engineered to target cancer-fighting immune cells, showing response rates of 30-50% in patients who previously failed treatments like Keytruda and Opdivo [3][8] - The drug has been designed to be safer and more potent than other IL-2 therapies, with a focus on reducing administration frequency to every two to three weeks [6][7] - Nearly 100 patients have been treated, with promising data indicating good response rates [7][8] - **Second Program: Bispecific Molecule** - A bispecific molecule combining MDNA-11 with a checkpoint inhibitor (like Keytruda) is planned to enter clinical trials next year [3][4] - This aims to treat patients resistant to existing checkpoint inhibitors [4] - **Third Program: Bezoxifas** - This program is ready for phase three clinical trials, targeting patients who have failed surgery, radiation, and chemotherapy, with phase 2b trials showing survival improvement from 7 months to 14 months [4][13] - The company is actively seeking partnerships for this program [4] Market Opportunity - The potential market for MDNA-11 includes over 100,000 patients annually in the US who have failed checkpoint inhibitors and have no other treatment options [9][10] - The company is focusing on melanoma patients and biomarker-driven populations (MSI high and TMB high) for potential phase two registration trials [10] Future Expectations - Upcoming data readouts for MDNA-11 are expected by the end of the year, including results from melanoma and biomarker-driven patients [10][13] - The company plans to advance the MDNA-113 program towards IND enabling studies, leading to phase one and two clinical trials in the second half of next year [13] Financial Position - Medicenna has CAD 21 million in cash, sufficient to fund operations into Q3 of the following year [14] - Insider ownership stands at approximately 22% [14] Analyst Coverage - The company is covered by several analysts from firms including Bloom Burton, Jones Research, HC Wainwright, and Research Capital [14]
U.S. Stocks Extend Pullback Ahead Of Key Inflation Data
RTTNews· 2025-09-25 20:13
Market Overview - Stocks experienced further downside on Thursday, continuing a pullback after reaching record closing highs earlier in the week. The Nasdaq fell by 113.16 points (0.5%) to 22,384.70, the S&P 500 declined by 33.25 points (0.5%) to 6,604.72, and the Dow dropped by 173.96 points (0.4%) to 45,947.32 [1] Economic Indicators - The Labor Department reported a decrease in initial jobless claims, falling to 218,000, down by 14,000 from the previous week's revised level of 232,000, contrary to economists' expectations of an increase to 235,000 [3] - Jobless claims have now pulled back from a nearly four-year high, reaching the lowest level since July 19th when they hit 217,000. Additionally, there was an unexpected surge in durable goods orders for August and stronger-than-expected GDP growth in the second quarter [4] Sector Performance - Airline stocks saw a significant decline, with the NYSE Arca Airline Index dropping by 2.9% to its lowest closing level in over a month. Pharmaceutical stocks also faced weakness, as indicated by a 2.0% slump in the NYSE Arca Pharmaceutical Index, which ended at a one-month closing low [6] - Biotechnology, healthcare, and computer hardware stocks experienced considerable weakness, while gold stocks performed well amid an increase in gold prices [7] Interest Rate Outlook - The Federal Reserve's September dot plot suggested potential rate cuts in the upcoming meetings in late October and December, although the likelihood of consecutive cuts remains uncertain [5] - The bond market showed continued weakness following positive U.S. economic data, with the yield on the benchmark ten-year note rising by 2.5 basis points to 4.172% [9]
UniQure NV (NASDAQ: QURE) Sees Significant Upgrade and Price Target Increases
Financial Modeling Prep· 2025-09-25 19:06
Core Viewpoint - UniQure NV is a biotechnology company focused on developing gene therapies for severe genetic diseases, positioning itself as a significant player in the biotech industry [1] Stock Performance and Analyst Upgrades - On September 25, 2025, Cantor Fitzgerald upgraded UniQure's stock to "Overweight," raising the price target from $47 to $80, indicating strong confidence in the company's potential [2][6] - UniQure's stock surged 248% in a single session due to successful trial results for its gene therapy targeting Huntington's disease, reaching a five-year high [3][6] - Analysts from Stifel and Leerink have increased their price targets for UniQure to $65 and $68, respectively, while Mizuho doubled its target to $60, highlighting strong performance on secondary endpoints [4][6] Current Stock Metrics - As of the latest update, UniQure's stock is priced at $50.62, reflecting a 6.57% increase with a $3.12 change, and has fluctuated between $46.56 and $54.98 on the day [5] - Over the past year, the stock reached a high of $54.97 and a low of $4.45, with a market capitalization of $2.78 billion and a trading volume of 9.21 million shares [5]
Entrada Therapeutics, Inc. - Special Call
Seeking Alpha· 2025-09-25 18:57
Company Overview - Entrada Therapeutics is a clinical stage biotech company focused on transforming patients' lives through innovative therapies [2] - The company has developed a proprietary technology platform known as Endosomal Escape Vehicles (EEVs), which enhances the delivery of therapeutics [2] Technology Platform - EEVs enable access to intracellular targets, which is crucial as approximately 75% of disease targets are intracellular in nature [3] - The unique chemistry of EEVs facilitates improved therapeutic delivery, making it a significant advancement in the biotech field [3] Lead Indications - Entrada's two lead indications are focused on Duchenne Muscular Dystrophy (DMD) and Myotonic Dystrophy Type 1 (DM1), highlighting the company's commitment to addressing serious genetic disorders [2]
Immuneering: Positive Pancreatic Cancer Data Atebimetinib Leads To Q4 2025 Catalyst
Seeking Alpha· 2025-09-25 18:19
Core Insights - The article discusses the offerings of the Biotech Analysis Central service, which provides in-depth analysis of pharmaceutical companies and investment opportunities in the biotech sector [1][2]. Group 1: Service Offerings - Biotech Analysis Central offers a library of over 600 biotech investing articles, a model portfolio of more than 10 small and mid-cap stocks, and live chat features for investors [2]. - The service is available for $49 per month, with a discounted annual plan at $399, representing a 33.50% savings [1]. Group 2: Analyst Background - The author of the article runs the Biotech Analysis Central service and emphasizes the depth of analysis provided to help healthcare investors make informed decisions [2].
Vor Biopharma: Transformed Company Is A High Risk Buy On Autoimmune Disease Promise
Seeking Alpha· 2025-09-25 15:48
Group 1 - The article promotes a weekly newsletter focused on stocks in the biotech, pharma, and healthcare industries, highlighting key trends and catalysts that influence market valuations [1] - The newsletter is designed for both novice and experienced biotech investors, offering insights on catalysts, buy and sell ratings, product sales forecasts, and integrated financial statements [1] - Edmund Ingham, a biotech consultant with over five years of experience, leads the investing group Haggerston BioHealth and has compiled detailed reports on more than 1,000 companies [1]