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Tag: Immutep Limited

  • Immutep Ltd. (IMMP) stock Loses its Gains of the Day during the After Hours

    On March 04, Immutep Ltd. (IMMP) gained 6.18% during the regular session only to lose 6.91% in the after-hours. There is no recent official announcement or SEC filing while the company has three conferences enlisted for March in its schedule.

    During the regular trading session, the stock varied between a range of $2.4701 and $2.8000. At an above-average volume of 319.73K shares, IMMP stock remained in the green during the session as it added $0.16 or 6.18%. At the close of the session, the stock had a price of $2.7500 per share. Following this, the stock reversed its gains as it plunged down to $2.5600 in the after hours.

    The biotechnology company, Immutep Ltd. focuses on cancer and autoimmune diseases treatment development. Currently, the company has a market capitalization of $225.99 million with its 85.41 million outstanding shares.

    IMMP’s Movement

    IMMP stock had recently plunged down to its 52-week low of $2.02 on February 24, as the stock market saw a downtrend amid the escalating Russia-Ukraine conflict. Following this, the stock had been bullish from February 28 till March 3, when it fell prey to profit booking. The stock resumed its bullish course on March 04. But gaining some more during the regular session, the stock once again suffered a decline as it lost more than what is gained. Since there is no official announcement or SEC filing, the stock seems to be reacting to external factors. Thus, IMMP stock might be moving due to social media discussions or stock sentiment.

    In the past five days, the stock has increased by 13.64% while it has declined by 16.16% year to date. Moreover, IMMP stock was able to add a value of 11.79% last year.

    Upcoming Investor Conferences

    The company will be participating in three upcoming investors conferences in March. Firstly, in the 42nd Annual Cowen Health Care Conference which will take place from March 7 to 9, 2022. The company will present as well as take part in 1-on-1 meetings during the conference. Secondly, in the Maxim Growth Conference which will be held from March 28 to 30, 2022. IMMP’s CEO Marc Voigt will deliver a corporate presentation along with participation in a fireside chat at the conference.

    Source: Good Signals

    In addition, as announced on February 18, the company will be presenting new data from its TACTI-002 phase II trial at ESMO’s European Lung Cancer Congress (ELCC) 2022. The event will take place in person and virtually from March 20 to April 2, in Prague, Czech Republic.

  • What’s going on with Immutep Limited (IMMP) stock today?

    What’s going on with Immutep Limited (IMMP) stock today?

    Shares of the Immutep Limited (IMMP) stock were declining today after recording the gain of 11.32% at the previous closing. IMMP stock price saw a downtrend of 5.76% to drop at $3.37 a share as of this writing. We find no news today to link with IMMP stock however it achieved FDA approval for one of its pipeline candidates on April 8, 2021, after which IMMP stock jumped as much as 14.8% during the last trade. Let’s deep dive to explore more of it.

    What’s happening?

    Immutep Limited (IMMP) is a biotech company working on the research and development of various pharmaceutical products for the cure of cancer and various autoimmune diseases. There is no activity by the IMMP stock today to justify the falling stock price but this downtrend might be due to profit takers stepped in.

    Yesterday, On April 8, 2021, IMMP received the FDA approval for its lead product candidate eftilagimod alpha, a soluble LAG-3 protein used to treat recurrent or metastatic head and neck squamous cell carcinoma (HNSCC). This fast-track designation approval has been granted after the reporting of phase 2 clinical data by the Immutep in combination with Keytruda, a cancer drug of Merck, to address the unmet medical needs related to HNSCC.

    IMMP entered the second collaboration with Merck on March 16, 2021, in order to evaluate the eftilagimod alpha in combination with Keytruda, a Merck’s cancer drug, in phase 2 clinical trial.

    Prior to FDA approval, on April 7, 2021, IMMP announced that it had been granted patent number EP3317301 by the European patent office. Novartis AG is the co-owner of the patent and the expiry date of  Immutep S.A.S is 28 July 2036.

    Conclusion:

    IMMP stock was down today after enjoying the bullish sentiment at the previous trading session. Currently, we find no products of Immutep in the market and most of its pipeline candidates are in the early stages of development. Immutep partnerships with big companies like Pfizer, Merck, and others are a good sign of its reputation. In a nutshell, investors need to do fundamental as well as technical analysis before adding this stock to their portfolio.

  • Immutep Limited (IMMP) stock Rises over 40% today. Let’s find out why

    Immutep Limited (IMMP) stock Rises over 40% today. Let’s find out why

    Shares of Immutep Limited (IMMP) stock were high in Thursday’s intraday trading after facing the downtrend of 5.73% at the last trade. IMMP stock price saw a surge of 43.33% today to reach $3.76 a share as of this writing.We find no particular activity by the IMMP stock to support this rise. Let’s deep dive to explore more of it.

    What’s happening?

    Immutep Limited (IMMP) is a biotechnology company focused on the research and development of immunotherapeutic products to treat cancer and autoimmune diseases. The rising stock price of IMMP has nothing to do with any specific announcement or press release by Immutep. However some investors believe that this gain is mainly due to the recent positive announcement by the Bristol Myers Squibb related to Phase 2/3 RELATIVITY-047, a trial related to Anti-LAG-3 Antibody Relatlimab and Opdivo (nivolumab)

    Recent Announcements by IMMP stock.

    On March 16, 2021, IMMP announced the second trial and collaboration agreement with Merck & Co Inc in order to test its lead product for the treatment of the Second Head & Neck Cancer Study.According to this agreement, IMMP will perform a clinical trial called TACTI-003with160 patients of the 1st line head and neck squamous cell carcinoma (HNSCC).IMMP will observe the results by evaluating the efficacy and safety of its lead product eftilagimod alpha along with pembrolizumab, a Merck’s product.

    On March 09, 2021,Immutep secured the second United States patent grant for Eftilagimod Alpha and PD-1 pathway inhibitor which was filed as a  divisional application followed by the parent patent announced on December 30, 2020.This patent will expire on 20 January 2036 and will help in the clinical development programs of the Immutep in the future.

    Conclusion:

    Things are going well for the penny IMMP stock as far as market sentiment is concerned but the gain without any major reason usually doesn’t last for a long time.Investors having long-term prospects usually don’t mind the short-term bulls and bears rather they focus more on the overall development and expansion of the business.

  • Don’t Miss these 15 Biotechnology Value Stocks

    Biotech and Major Pharmaceuticals are back in the news with the Covid-19 Pandemic. Life science investors basically endorse developments that might decide the human race’s future, but what would invest in ‘cures’ mean from a cash flow point of view?
    On Thursday, a panel of independent health professionals voted 17-4 in support of the Food and Drug Administration(FDA), providing emergency permission to the applicant for the COVID-19 vaccine from BioNTech and Pfizer Inc.
    In other news Gilead Sciences Inc (GILD) revealed that it would buy MYR GmbH in cash for roughly EUR 1.15 billion ($1.39 billion), granting it access to the German biotech company’s therapy for extreme viral hepatitis.
    In yesterday’s trading session, the following stocks were the major key players.

    Immutep Limited (NASDAQ:IMMP) shares were trading up 163.43% at $5.69 at the time of writing on Thursday after declaring that its Chinese partner, EOC Pharma will commence a new Phase II clinical trial in up to 152 metastatic breast cancer patients in China.

    Immutep Limited (NASDAQ:IMMP) share price went from a low point around $0.53 to briefly over $3.10 in past 52 weeks, though shares have since pulled back to $5.69. IMMP market cap has remained high, hitting $280.46M at the time of writing.

    If we look at the recent analyst rating IMMP, B. Riley FBR initiated coverage on IMMP shares with a Buy rating.

    TG Therapeutics Inc. (TGTX) stock soar by 40.85% to $41.72 after reportingpositive topline results from the ULTIMATE I & II Phase 3 studies evaluating Ublituximab Monotherapy for the treatment of patients with multiple sclerosis. The most recent rating by JP Morgan, on September 01, 2020, is at an Overweight.

    Heat Biologics Inc. (HTBX) last closed at $0.93, in a 52-week range of $0.19 to $4.30.

    Sangamo Therapeutics Inc. (NASDAQ:SGMO) Shares headed rising, higher as much as 52.98%. Pfizer Inc. (PFE) and Sangamo Therapeutics, Inc. (SGMO), on December 7, 2020 declared updated follow-up data from the Phase 1/2 Alta study of giroctocogene fitelparvovec (SB-525 or PF-07055480), an investigational gene therapy for patients with severe hemophilia A. The most recent rating by BofA Securities, on September 08, 2020, is at a Buy.

    Entera Bio Ltd. (NASDAQ:ENTX) rose 8.18% after gaining more than $0.09 on Thursday following the firm revealed FDA approval of IND application for EB613 – an Oral Human Parathyroid Hormone (1-34) for the treatment of Osteoporosis.

    Aytu BioScience Inc. (AYTU) last closed at $8.13, in a 52-week range of $3.35 to $29.90 after announcing definitive merger agreement with Neos Therapeutics, creating a combined $100M revenuespecialty pharmaceutical company.

    Amarin Corporation plc (AMRN) stock soar by 8.04% to $4.97. The most recent rating by JP Morgan, on September 29, 2020, is at a Neutral.

    Editas Medicine Inc. (NASDAQ:EDIT) Shares headed rising, higher as much as 32.15% following an announcement from the company that it submitted an Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for the initiation of a Phase 1/2 clinical trial of EDIT-301. The most recent rating by Wells Fargo, on December 10, 2020, is at an Overweight.

    Hepion Pharmaceuticals Inc. (NASDAQ:HEPA) rose 9.04% after gaining more than $0.15 on Thursday.

    Akebia Therapeutics Inc. (AKBA) last closed at $2.95, in a 52-week range of $2.09 to $13.71. The firm recently revealed the latest scheduled program of AkebiaShares, a peer-to-peer educational series for the kidney community.

    BioCryst Pharmaceuticals Inc. (BCRX) stock soar by 5.37% to $7.65. The company recently announced transactions with Royalty Pharma (RPRX) and Athyrium Capital Management, LP, totaling $325 million in funding for BioCryst, with $250 million available at closing, to support the launch of ORLADEYO™ (berotralstat) in hereditary angioedema (HAE) and the development of its oral Factor D inhibitor, BCX9930. The most recent rating by JP Morgan, on September 29, 2020, is at an Overweight.

    Acasti Pharma Inc. (NASDAQ:ACST) Shares headed rising, higher as much as 1.70%. The company on November 16, 2020 released its operating and financial results for the second quarter of fiscal 2021 ended September 30, 2020. The most recent rating by Oppenheimer, on September 01, 2020, is at a Perform.

    Ocugen Inc. (NASDAQ:OCGN) fall -1.79% after losing more than -$0.01 on Thursday after reporting that it will postpone its 2020 Annual Meeting of Stockholders to December 23, 2020.

    Inovio Pharmaceuticals Inc. (INO) last closed at $11.36, in a 52-week range of $2.42 to $33.79. The firm recently revealedthe successful dosing of its first subject in its Phase 2 clinical trial for COVID-19 DNA vaccine candidate, INO-4800, in China. Analysts have a consensus price target of $13.71.

    Cellectar Biosciences Inc. (CLRB) stock soar by 3.47% to $2.09. The most recent rating by Oppenheimer, on July 01, 2020, is at an Outperform.