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Tag: SYRS

  • Syros Pharmaceuticals, Inc. (SYRS) Stock Rising in Aftermarket, Here’s why.

    Syros Pharmaceuticals, Inc. (SYRS) is a major developer of therapeutics for oncology and monogenic diseases. The company’s pipeline candidate includes tamibarotene tried for treating myelodysplastic syndrome and myeloid leukemia. Another lead candidate is SY-2101 is used in acute promyelocytic leukemia and SY-5609 in solid tumors.

    The price of SYRS stock during the regular trading on February 2, 2022, was $1.93 with a steep dip of 6.76%. At last check in the aftermarket, the stock was up by 7.25%.

    SYRS: Events and Happenings

    On February 2, 2022, SYRS announced the receipt of an orphan drug designation grant by FDA to its lead candidate tamibarotene. Clinical trials are underway for the treatment of the myelodysplastic syndrome. The Phase 3 SELECT-MDS-1 studies is assessing the efficacy and safety of tamibarotene along with azacitidine. The outcomes of the study are anticipated in Q4 2023 or Q1 2024.

    SYRS: CEO Comments

    On January 10, 2022, SYRS updated about its product’s clinical development portfolios. Speaking at the occasion, CEO of SYRS Nancy Simonian stated that in 2022, the company is looking forward to three clinical results readouts for its candidate products. She further added that the interactions regarding the company’s Phase 3 clinical study design of SY-2101 with the FDA were also optimistic.

    On November 16, 2021, SYRS’s Executive management participated in the following investor conferences.

    • Piper Sandler 33rd Annual Healthcare Conference on November 23.
    • JMP Securities Hematology and Oncology Summit on December 6, 2021.

    SYRS: Key Financials

    On November 5, 2021, SYRS released its financial results for the quarter ended September 30, 2021. Some of the highlights are as follows.

    Revenue

    Total Revenue recorded in Q3 2021 was $5.7 million compared to $3.8 million in the same quarter of 2020. The company beat the consensus-estimated revenue by $1.21 million.

    EPS

    Basic and diluted net loss per share in Q3 2021 was $26.0 million or $0.41, compared to $19.5 million or $0.43 in the same period of 2020. The EPS beat by $0.03.

    On October 13, 2021, SYRS granted an award of inducement stock option to its CFO. The grant was accepted by the Board of Directors of the company.

    Conclusion

    SYRS stock downfall in the past few months due to financial limitations as a result of the pandemic. The company outperformed recently after its lead candidate was granted orphan drug designation by FDA. The company’s stock received a bullish rating from the financial analysts as it is gaining momentum in the market.

  • 15 Trending Stocks in Biotechnology Industry

    15 Trending Stocks in Biotechnology Industry

    This year, biotech companies on the stock exchange have skyrocketed. This is no surprise since biotech firms are the leaders in the battle against the coronavirus pandemic. Even with Pfizer’s first vaccine in the UK, investors and pharmaceutical companies are well aware that the race is far ahead.
    Other diseases should not be ignored apart from coronavirus vaccines. The biotech sector is also creating headlines and innovating in areas linked to dementia, cancer, hereditary disorders, etc. Given the above, buyers are probably faced with the difficulty of choosing the best ones to purchase.

    Curis Inc. (NASDAQ:CRIS) shares were trading up 354.86% at $6.55 at the time of writing on Tuesday following announcement of proposed public offering of common stock.

    Curis Inc. (NASDAQ:CRIS) share price went from a low point around $0.62 to briefly over $3.59 in past 52 weeks, though shares have since pulled back to $6.55. CRIS market cap has remained high, hitting $409.70M at the time of writing, giving it price-to-sales ratio of more than 30.

    If we look at the recent analyst rating CRIS, Laidlaw initiated coverage on CRISshares with a Buy rating.

    Lexicon Pharmaceuticals Inc. (LXRX) last closed at $3.08, in a 52-week range of $1.03 to $5.33. Analysts have a consensus price target of $2.37. On November 17, 2020, the firmreported that both the SOLOIST and SCORED Phase 3 studies achieved their primary endpoints by demonstrating statistically significant reductions in total cardiovascular deaths, hospitalizations for heart failure and urgent heart failure visits in patients treated with sotagliflozin as compared with placebo.

    IGM Biosciences Inc. (IGMS) stock soar by 57.75% to $115.03 after declaringpricing of upsized $200 million public offering. The most recent rating by Robert W. Baird, on July 17, 2020, is at an Outperform.

    Infinity Pharmaceuticals Inc. (NASDAQ:INFI) Shares headed rising, higher as much as 29.44%. The company will hold a conference call on Wednesday, December 9, 2020 at 10:00 a.m. ET to discuss clinical data from ongoing studies evaluating eganelisib in triple negative breast cancer (TNBC) The most recent rating by Oppenheimer, on June 27, 2019, is at an Outperform.

    Oncternal Therapeutics Inc. (NASDAQ:ONCT) rose 27.64% after gaining more than $1.1 on Tuesday after reporting updated interim clinical data from the ongoing Phase 1/2 CIRLL (Cirmtuzumab and Ibrutinib targeting ROR1 for Leukemia and Lymphoma) clinical trial.

    Proteostasis Therapeutics Inc. (PTI) last closed at $1.23, in a 52-week range of $0.87 to $4.72. The firm reported on November 16, 2020. a net loss of approximately $8.2 million for the three months ended September 30, 2020, as compared to a net loss of $12.8 million for the same period in the prior year.

    InflaRx N.V. (IFRX) stock soar by 18.27% to $4.79. The most recent rating by SVB Leerink, on November 06, 2020, is at an Outperform.

    Syros Pharmaceuticals Inc. (NASDAQ:SYRS) Shares headed rising, higher as much as 17.47% after closing $90.5 million strategic financing. The most recent rating by H.C. Wainwright, on November 04, 2020, is at a Buy.

    Aerpio Pharmaceuticals Inc. (NASDAQ:ARPO) rose 16.28% after gaining more than $0.28 on Tuesday.

    Ampio Pharmaceuticals Inc. (AMPE) last closed at $1.35, in a 52-week range of $0.31 to $1.39. The firm recently revealed that it will conduct its annual meeting in a virtual format only on December 12, 2020 at 9:00 am MST.

    Regulus Therapeutics Inc. (RGLS)stock soar by 15.19% to $0.93 following the closing of $19.4 million private placement of equity. The most recent rating by B. Riley FBR Inc., on March 28, 2018, is at a Neutral.

    Cancer Genetics Inc. (NASDAQ:CGIX) Shares headed rising, higher as much as 14.79%. The most recent rating by Maxim Group, on December 07, 2017, is at a Buy.

    Marinus Pharmaceuticals Inc. (NASDAQ:MRNS) fall -11.85% after losing more than -$1.85 on Tuesday. The healthcare firm lately declared pricing of $70 million public offering of common stock, which is expected to close on or about December 10, 2020.

    iBio Inc. (IBIO) last closed at $1.31, in a 52-week range of $0.19 to $7.45 after declaring pricing of $35 million public offering of common stock. Analysts have a consensus price target of $2.00.

    Vaccinex Inc. (VCNX) stock soar by 14.08% to $2.35. The most recent rating by BTIG Research, on September 23, 2020, is at a Neutral.