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FOCUS LIST🔎
TNXP – Up over 50% in the pre-market after presenting data on the potential Mpox Vaccine TNX-801 in “Using Synthetic Biology to Battle Mpox” talk at Immunology Symposium at the University of Alberta
SMMT – Up over 30% in pre after article published on BioPharma Dive stating Summit’s lung cancer drug showed ‘striking’ benefit over Merck & Co.’s Keytruda.
TERN – Up over 25% in pre after announcing positive Phase 1 clinical trial results with TER-601 once-daily oral GLP-1R agonist for the treatment of obesity
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TNXP – Up over 50% in the pre-market after presenting data on the potential Mpox Vaccine TNX-801 in “Using Synthetic Biology to Battle Mpox” talk at Immunology Symposium at the University of Alberta
Tonix Pharmaceuticals Holding Corp. (TNXP) is a biopharmaceutical company that focuses on developing, discovering, commercializing, and licensing therapeutics to treat and prevent human disease and alleviate suffering.
In the pre-market this morning, the company announced that it had presented data on the potential Mpox Vaccine TNX-801 in “Using Synthetic Biology to Battle Mpox” talk at Immunology Symposium at the University of Alberta
Highlights include:
TNX-801 vaccination demonstrated efficacy in protecting animals from lethal challenge with clade I monkeypox and is in development as an mpox vaccine
New data show improved tolerability in immunocompromised animals and no evidence of spreading to blood or tissues even at high doses
Tonix’s synthetic horsepox vaccine platform has been selected by NIH’s Project NextGen for clinical testing
The stock traded up over 50% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $0.26.
Beyond that $0.32, $0.40, $0.45 and $0.50 come into play.
Below $0.26, targets to the downside are $0.24, $0.22, $0.2057, $0.20, $0.18 and then a gap fill at $0.1425 come into play.
SMMT – Up over 30% in pre after article published on BioPharma Dive stating Summit’s lung cancer drug showed ‘striking’ benefit over Merck & Co.’s Keytruda.
Summit Therapeutics Inc. (SMMT) is a biopharmaceutical company that focuses on discovery, development, and commercialization of patient, physician, caregiver, and societal friendly medicinal therapies in the United States, and the United Kingdom.
Over the weekend, an article was publishedon BioPharma Dive stating Summit’s lung cancer drug showed ‘striking’ benefit over Merck & Co.’s Keytruda.
Data showed Summit’s drug held tumors at bay for a median of just over 11 months, compared to almost six months for those given Keytruda. The 5.3-month difference in progression-free survival equated to a statistically significant 49% reduction in the risk of cancer progression or death.
The stock traded up over 30% in reaction to the article and results.
The $15.50 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $16, $17, $18, $19 and then the pre-market high at $19.95.
Below $15.50, targets to the downside are $14, $12.50, $11.50, $10.50, $9.50, $8.50 and then a gap fill at $7.81.
TERN – Up over 25% in pre after announcing positive Phase 1 clinical trial results with TER-601 once-daily oral GLP-1R agonist for the treatment of obesity
Terns Pharmaceuticals Inc. (TERN) is a clinical-stage biopharmaceutical company that develops small-molecule product candidates for the treatment of oncology, metabolic dysfunction-associated steatohepatitis (MASH), and obesity.
In the pre-market this morning, the company announced positive top-line data from its Phase 1 randomized, double-blind, placebo-controlled single and multiple-ascending dose (SAD and MAD) trial to assess the safety, tolerability, pharmacokinetics (PK) and pharmacodynamics (PD) of TERN-601 dosed once-daily (QD) in healthy adults with obesity or overweight.
Highlights include:
Statistically significant mean weight loss up to 5.5% over 28 days (4.9% placebo adjusted)
Well-tolerated with no treatment-related dose interruptions, reductions, or discontinuations even with rapid dose titration
Distinct drug properties support potential to be a leading GLP-1R agonist
Plans to initiate Phase 2 clinical trial in 2025
The stock traded up over 25% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $11.10.
Beyond that, $12, $13 and $14 come into play.
Below $11.10, targets to the downside are $10.50, $10, $9.50, $9. $8.50, $8 and then a gap fill at $7.81.
MARKET NEWS 📰
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