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Top Biotech Penny Stocks to Buy This Week? 9 To Watch

Biotech penny stocks continue to climb, which companies are on your watchlist?
The post Top Biotech Penny Stocks to Buy This Week? 9 To Watch appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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9 Biotech Penny Stocks That Should Be On Your Watchlist Right Now 

Are you looking for the best biotech penny stocks to buy right now? Well, in 2021, there are quite a few options for your watchlist. The best way to begin is by narrowing down the list to a handful of companies that could have either short or long-term value. This is best identified by understanding both what compounds or medical devices it has in its pipeline as well as what its financial situation is. 

It’s not enough to simply find a biotech penny stock to watch simply because it is trending on Robinhood or on social media. However, creating a list of penny stocks based on the frequency they are mentioned online, can be a valuable strategy. But once this list is compiled, investors should move on to the research stage. 

[Read More] Hot Penny Stocks to Buy on Robinhood Right Now? 7 Gainers to Watch

With hundreds of biotech stocks to choose from, it is difficult to land on only a few that could be profitable. With Covid cases increasing again, investors are focusing on companies that could benefit. And, the other effect of the pandemic is that it has increased attention on the biotech industry as a whole. So, considering all of these factors, here are nine biotech penny stocks that should be on your watchlist right now. 

4 Biotech Penny Stocks to Watch Right Now 

  1. Advaxis Inc. (NASDAQ: ADXS) 
  2. Second Sight Medical Products Inc. (NASDAQ: EYES) 
  3. SenesTech Inc. (NASDAQ: SNES) 
  4. Rigel Pharmaceuticals Inc. (NASDAQ: RIGL) 

Advaxis Inc. (NASDAQ: ADXS)

Up by a solid 34%, or so at midday is ADXS stock. We’ve covered Advaxis Inc. plenty of times in the past few months due to its promising technology and large intraday movement and today is no different. While large gains among penny stocks can occur without any news, ADXS made a big announcement today. 

During pre-market, shares of ADXS stock pushed up after an announcement that it has signed into a definitive merger agreement with Biosight Ltd. The combined entity will become Biosight Therapeutics and will work on advancing the current pipeline of products that Biosight holds. Additionally, the company will begin in a very advantageous cash position, holding around $50 million at the time the deal closed. 

“After an extensive and thorough review of strategic and potentially transformative options for Advaxis, we are very pleased to announce a proposed merger with Biosight.

We believe the combined company’s strong and diversified oncology pipeline with late-stage and early-stage assets, near-term milestones, seasoned leadership team, and focus on both hematological and solid tumors have the potential to provide transformative benefits to patients while also providing value to our stockholders.”

Kenneth A. Berlin, CEO of Advaxis

This is big news and could continue to play out in the coming weeks to months. Considering this, will ADXS stock be on your watchlist in July?

Second Sight Medical Products Inc. (NASDAQ: EYES)

At just under $4.50 per share, EYES stock has climbed dramatically in the past few months. Since January, shares of EYES are up by over 150%, there’s plenty of reason for that. Only a week or two ago, Second Sight announced the closing of a sizable public offering. The offering, worth around $57.5 million, includes 1.5 million shares at a price of $5 per share. It states that the proceeds will go toward continued development of its Orion device as well as general corporate purposes. 

[Read More] Is Making Money With Penny Stocks Possible in July 2021? 7 to Watch

In May, it stated that it received notice from the NIH for the release of its year there funding for its Early Feasibility Clinical Trial of a Visual Cortical Prosthesis. This is known as the Orion Trial and is funded by a $6.4 million grant over five years from the NIH.

The Orion device is an implanted cortical stimulation product that could effectively provide vision to those without it. This is a major breakthrough and could prove to be a large financial benefit to the company if all goes according to plan. With all of these things in mind, will EYES stock make your watchlist?

Penny_Stocks_to_Watch_Second Sight Medical Products Inc. (EYES Stock Chart)

SenesTech Inc. (NASDAQ: SNES) 

Another big gainer of the day is SNES stock, pushing up by around 15% by midday. While no company-specific news was announced today, we can look at some older announcements and what the company does as a whole. SenesTech is a producer of pest control products, such as rodent contraceptives and other rodent management devices. While it isn’t a biotech company in the more traditional sense of the term, it does work in the animal health industry. 

The company created the ContraPest product, which is the world’s first and only U.S. EPA registered rodent contraceptive. This can be put to use in a variety of uses including traditional pest management, and new methods in the pest control industry. A few weeks ago, the company announced its first-quarter results for 2021. In the results, the company stated that California is its largest market, accounting for almost a third of its overall revenue. This is due to the state enacting legislation that bans the use of the four most popular rodenticides, paving the way for ContraPest use in the state. 

Ken Siegel, CEO of SenesTech, states that “California is a huge market and we expect our growth to continue there and in other markets around the country as the pest control industry and other customers look for new solutions to rat control.” Considering the legislation put in place by California and SNES’s advantageous market position, it could be worth keeping an eye on. 

Penny_Stocks_to_Watch_SenesTech Inc. (SNES Stock Chart)

Rigel Pharmaceuticals Inc. (NASDAQ: RIGL) 

Rigel Pharmaceuticals Inc. is another popular biotech penny stock right now. The main reason for this is its role in producing Covid-19 related compounds. This includes its fostamatinib oral spleen tyrosine kinase inhibitor. Fostamatinib was recently selected by the NIH for a new trial in those hospitalized with Covid-19. This is big news and follows a recently completed study, where it met all of its endpoint safety goals. 

“Despite welcome advances in some areas, Covid-19 and its variants will remain a real public health threat for the foreseeable future, particularly for those with pre-existing conditions.

The teams at the NIH and VUMC are ideally positioned to continue to advance clinical efforts for Covid-19 related lung injuries, including the study of fostamatinib’s potential to treat and prevent conditions caused by an overactive immune system in Covid-19 patients.” 

Raul Rodriguez, CEO of Rigel

While there are plenty of biotech penny stocks to watch right now, only a handful are actively working on Covid related treatments. This puts RIGL stock at the forefront of the pandemic and is one of the main reasons that it has increased substantially in popularity. With all of this in mind, RIGL could be an interesting addition to your biotech penny stocks watchlist. 

Penny_Stocks_to_Watch_Rigel

5 More Biotech Penny Stocks to Watch

  1. Odonate Therapeutics Inc. (NASDAQ: ODT)
  2. Avinger Inc. (NASDAQ: AVGR)
  3. Endo International Plc. (NASDAQ: ENDP)
  4. BIOLASE Inc. (NASDAQ: BIOL)
  5. Aeterna Zentaris Inc. (NASDAQ: AEZS)

Which Biotech Penny Stocks Are You Watching?

Finding the best biotech penny stocks to buy is all about understanding the trajectory of the market. With Covid cases increasing in certain parts of the world, many investors are turning their focus back onto the biotech industry.

[Read More] 9 Top Penny Stocks to Watch That Shot Up Big Today

This is resulting in the increased volume were witnessing and large daily momentum. So, with all of this in mind, which biotech penny stocks are you watching right now?

The post Top Biotech Penny Stocks to Buy This Week? 9 To Watch appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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2 hours ago

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March 9, 2024

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

“When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

“It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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3 hours ago

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March 9, 2024

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Spread & Containment

Another beloved brewery files Chapter 11 bankruptcy

The beer industry has been devastated by covid, changing tastes, and maybe fallout from the Bud Light scandal.

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4 hours ago

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March 9, 2024

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Before the covid pandemic, craft beer was having a moment. Most cities had multiple breweries and taprooms with some having so many that people put together the brewery version of a pub crawl.

It was a period where beer snobbery ruled the day and it was not uncommon to hear bar patrons discuss the makeup of the beer the beer they were drinking. This boom period always seemed destined for failure, or at least a retraction as many markets seemed to have more craft breweries than they could support.

Related: Fast-food chain closes more stores after Chapter 11 bankruptcy

The pandemic, however, hastened that downfall. Many of these local and regional craft breweries counted on in-person sales to drive their business. 

And while many had local and regional distribution, selling through a third party comes with much lower margins. Direct sales drove their business and the pandemic forced many breweries to shut down their taprooms during the period where social distancing rules were in effect.

During those months the breweries still had rent and employees to pay while little money was coming in. That led to a number of popular beermakers including San Francisco's nationally-known Anchor Brewing as well as many regional favorites including Chicago’s Metropolitan Brewing, New Jersey’s Flying Fish, Denver’s Joyride Brewing, Tampa’s Zydeco Brew Werks, and Cleveland’s Terrestrial Brewing filing bankruptcy.

Some of these brands hope to survive, but others, including Anchor Brewing, fell into Chapter 7 liquidation. Now, another domino has fallen as a popular regional brewery has filed for Chapter 11 bankruptcy protection.

Overall beer sales have fallen.

Image source: Shutterstock

Covid is not the only reason for brewery bankruptcies

While covid deserves some of the blame for brewery failures, it's not the only reason why so many have filed for bankruptcy protection. Overall beer sales have fallen driven by younger people embracing non-alcoholic cocktails, and the rise in popularity of non-beer alcoholic offerings,

Beer sales have fallen to their lowest levels since 1999 and some industry analysts

"Sales declined by more than 5% in the first nine months of the year, dragged down not only by the backlash and boycotts against Anheuser-Busch-owned Bud Light but the changing habits of younger drinkers," according to data from Beer Marketer’s Insights published by the New York Post.

Bud Light parent Anheuser Busch InBev (BUD) faced massive boycotts after it partnered with transgender social media influencer Dylan Mulvaney. It was a very small partnership but it led to a right-wing backlash spurred on by Kid Rock, who posted a video on social media where he chastised the company before shooting up cases of Bud Light with an automatic weapon.

Another brewery files Chapter 11 bankruptcy

Gizmo Brew Works, which does business under the name Roth Brewing Company LLC, filed for Chapter 11 bankruptcy protection on March 8. In its filing, the company checked the box that indicates that its debts are less than $7.5 million and it chooses to proceed under Subchapter V of Chapter 11. 

"Both small business and subchapter V cases are treated differently than a traditional chapter 11 case primarily due to accelerated deadlines and the speed with which the plan is confirmed," USCourts.gov explained. 

Roth Brewing/Gizmo Brew Works shared that it has 50-99 creditors and assets $100,000 and $500,000. The filing noted that the company does expect to have funds available for unsecured creditors. 

The popular brewery operates three taprooms and sells its beer to go at those locations.

"Join us at Gizmo Brew Works Craft Brewery and Taprooms located in Raleigh, Durham, and Chapel Hill, North Carolina. Find us for entertainment, live music, food trucks, beer specials, and most importantly, great-tasting craft beer by Gizmo Brew Works," the company shared on its website.

The company estimates that it has between $1 and $10 million in liabilities (a broad range as the bankruptcy form does not provide a space to be more specific).

Gizmo Brew Works/Roth Brewing did not share a reorganization or funding plan in its bankruptcy filing. An email request for comment sent through the company's contact page was not immediately returned.

 

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