Connect with us

Hot Biotech Penny Stocks To Buy? 3 to Watch Right Now

With biotech penny stocks back in focus, which small-caps are you watching?
The post Hot Biotech Penny Stocks To Buy? 3 to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

Are These Biotech Penny Stocks Worth Watching in 2021?

Biotech penny stocks are without a doubt, some of the biggest winners of the year. While this began as a result of the pandemic, Covid has helped to push biotech companies regardless of their work relating to it. 

So on one hand, we do have penny stocks that are producing a treatment or product for Covid, and on the other hand, we have ones that are not. But, as Covid cases drop substantially in the U.S. and many countries globally, investors are turning their focus towards new and innovative biotech stocks. One thing to keep in mind is that biotech moves fast. Very fast. 

Because of the nature of the industry, stocks under $5 in biotech tend to be some of the most volatile securities out there. Prices can change within the span of a few hours or even a few minutes.

[Read More] 7 Penny Stocks to Watch With Crypto News Sparking a Market Dip

And, these changes can occur due to almost anything. If a new compound is approved by the FDA, prices shift, if an announcement is made, prices shift, and so on. While this should not serve to inspire fear, it should help to show that there is a lot of opportunity with biotech. 

Because of this, keeping a close watch on your portfolio is not only smart but highly necessary. And, investors should know the volatility of the company they plan to invest in, before pulling the trigger. With all of this in mind, here are three hot biotech penny stocks to watch right now. 

3 Biotech Penny Stocks to Watch in 2021 

  1. Iterum Therapeutics PLC. (NASDAQ: ITRM
  2. T2 Biosystems Inc. (NASDAQ: TTOO)
  3. Evofem Biosciences Inc. (NASDAQ: EVFM)

Iterum Therapeutics PLC. (NASDAQ: ITRM) 

Iterum Therapeutics PLC. is a penny stock we’ve covered numerous times in the past few months. And today, shares of ITRM stock shot up by around 18% by EOD. This gain comes on the back of a late-cycle meeting with the FDA it announced yesterday, regarding its compound sulopenem etzadroxil/probenecid. Currently, sulopenem is under investigation for its potential to treat uncomplicated UTIs in patients. 

Additionally, the company announced that the FDA would not require a committee review of the regulatory filing for this compound in treating UTIs. This committee review was originally scheduled for June of this year, however, after the meeting yesterday, the FDA decided that it was not necessary for a further review.

So, this is one step closer to gaining approval from the Food and Drug Administration in a more timely manner. Now, investors are waiting on a decision as to whether it will be approved by late July of 2021. 

For some context, Iterum is a clinical stage pharmaceutical company working on various anti-infectives to treat drug-resistant pathogenic infections. Sulopenem is its closest compound to being approved, which is currently in Phase 3 of trials.

Because of this, many investors are betting on this compound being approved, which after today, seems like it could be more likely. While ITRM stock is highly volatile, it could be worth adding to your penny stocks watchlist. 

T2 Biosystems Inc. (NASDAQ: TTOO) 

Shares of TTOO stock bounced by around 12% today, adding it to the list of big biotech gainers on Friday. While no news was announced for the company during the trading day, it does have an upcoming shareholder meeting on June 25th.

This meeting is getting investors excited, and T2 continues to remind those with TTOO stock holdings to vote at it. If you’re wondering what T2 Biosystems does, it is a leader in devices that can detect sepsis-causing pathogens. 

In its pipeline of products are the T2Dx Instrument, T2Candida Panel, the T2Bacteria Panel, and several others. Also of note is its T2SARS-CoV-2 Panel. Additionally, T2 is working on producing several new panels for a variety of both common and rare infectious diseases. All of this means that the company is working hard to broaden the market for its products. 

[Read More] 5 Penny Stocks on Reddit For Your June 2021 Watchlist

In its Q1 2021 results, TTOO posted a quarterly loss of $0.07 per share. This was to be expected however, it is much less than its loss of $0.22 in the same period last year. Additionally, T2 managed to beat estimates, posting revenue of almost $7 million. This is substantially more than the $2.55 million it posted in the same quarter a year prior. 

Because of this, many investors believe that T2 Biosystems could be on a positive trajectory. And with so much in its pipeline, that remains the main goal of the company. However, investors should continue to watch TTOO to see how quickly and how much it can commercialize its products. This is an extremely important factor when considering a biotech penny stock to watch. So, with all of this in mind, will TTOO be on your watchlist?

Penny_Stocks_to_Watch_T2 Biosystems Inc. (TTOO Stock Chart)

Evofem Biosciences Inc. (NASDAQ: EVFM) 

Up around 6.5% by EOD is EVFM stock. While no news came out of EVFM today, this rise could be attributed to larger gains made all across the biotech industry. So to better understand Evofem Biosciences, we have to look closely at what it does.

Evofem is a commercial-stage biopharmaceutical company working on innovative products for women’s health needs. This includes reproductive health and sexual health products. 

Its first FDA-approved commercial product known as Phexxi was launched back in September of last year. And now, it is working on getting its new product candidate, EVO100, approved for use in preventing urogenital Chlamydia trachomatis and Neisseria gonorrhoeae in women. It is currently in a Phase 3 clinical trial known as EVOGUARD. 

Last week, Evofem announced the closing of a $50 million public offering. This offering, worth 50 million shares of common stock, will be used for the commercialization of Phexxi as well as for trials with EVOGUARD. And, investors always like to see a well-funded biotech company. So, with the proper capital needs to fund its current pipeline and approved compound, Evofem Biosciences could be worth watching as we move forward. 

Penny_Stocks_to_Watch_Evofem Biosciences Inc. (EVFM Stock Chart)

Biotech Penny Stocks Continue to Heat Up 

As far as penny stocks go, biotech companies have seen incredible growth in the past year or so. While this started as a result of the pandemic increasing focus on them, it has now shined a large light on the entire biotech industry.

[Read More] 4 Robinhood Penny Stocks to Watch in Summer 2021

But, with Covid cases decreasing, it’s important to find a biotech company on the list of penny stocks that may have value outside of the pandemic-related economy. With biotech penny stocks continuing to heat up, which companies will you add to your watchlist?

The post Hot Biotech Penny Stocks To Buy? 3 to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

Published

on

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

Read More

Continue Reading

International

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

Published

on

Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

Read More

Continue Reading

Government

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

Published

on

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

Read More

Continue Reading

Trending