Theratechnologies (OTCPK:THERF) is a small specialty pharmaceutical company (market cap: $153.74 million) focused on unmet medical needs among people infected with the human immunodeficiency virus (HIV). It has one approved product, EGRIFTA, a synthetic form of growth-hormone-releasing hormone available in Canada and in the U.S. to reduce excess abdominal fat due to HIV-related lipodystrophy. Despite a 9.7% price increase and a 30% increase in prescriptions received at the company’s call center from Q4 2015 to Q1 2016, sales of EGRIFTA have plateaued (see Figure 1) and may come in below $35 million for the year. On the other hand, shares have risen and have settled around 250% since Theratechnologies and TaiMed Biologics announced a collaboration agreement for ibalizumab on March 18. This is in line with the management remarks on how ibalizumab “once approved could rapidly generate revenues comparable to those of EGRIFTA,” and anticipated approval in 2017. However, the mar ket may still be undervaluing this new asset.
stock market best investments: Tandem Diabetes Care, Inc.(TNDM)
- [By Lisa Levin]
Shares of Tandem Diabetes Care Inc (NASDAQ: TNDM) were down 58 percent to $2.25 after the company posted downbeat quarterly results.
Cempra Inc (NASDAQ: CEMP) was down, falling around 59 percent to $7.69 after the FDA raised liver safety issues in its review of the company's experimental drug to treat community acquired pneumonia. Baird downgraded Cempra from Outperform to Underperform.
stock market best investments: Evoke Pharma, Inc.(EVOK)
- [By Cameron Saucier]
Evoke (Nasdaq: EVOK) is a pharmaceutical company that develops drug candidates intended to treat gastrointestinal diseases. EVOK rose 73% last month after it announced positive guidance from the FDA for Gimoti, a patented nasal delivery drug that is intended to treat gastroparesis in adult women. The positive results were from a second pre-NDA (New Drug Application) meeting Evoke had with the FDA. EVOK is currently trading at $2.67 per share and is down 9.83% as of Jan. 9 YOY.
stock market best investments: Sirius XM Radio Inc.(SIRI)
- [By Rick Munarriz]
There are a lot of people betting against Sirius XM Radio (NASDAQ:SIRI)these days, even as the stock is hitting 10-year highs. There were 280.1 million shares of Sirius XM sold short at the end of 2016, just below the late-November peak of 285.1 million shares but nearly double the short interest that we were seeing a year ago.
stock market best investments: Mitek Systems, Inc.(MITK)
- [By Lisa Levin]
In trading on Thursday, technology shares fell by 0.32 percent. Meanwhile, top losers in the sector included Mitek Systems, Inc. (NASDAQ: MITK), down 13 percent, and Formula Systems (1985) Ltd. (ADR) (NASDAQ: FORTY), down 8 percent.
- [By U.S. News]
In at least one Texas bank and one Ohio credit union, 3D video banking is currently undergoing testing, according to TheFinancialBrand.com, a website for bank and credit union marketing executives. Three-dimensional video banking is similar to a consumer video conference with a bank representative –- only in this case, the executive looks like a living, breathing person sitting across from you. Thanks to theater surround sound, the representative also sounds as if they’re in the same room. And since the consumer is interacting with a real person and not an automated hologram, the experience apparently isn’t much different than the real thing. Banking and managing money isn’t what it used to be. The 1970s and 1980s brought us the rise of the ATM. Consumers became acquainted with online banking during the 1990s and the first decade of the 2000s. The 2010s are shaping up as the era of mobile banking. That was underscored Sept. 10-11 in New York City when Mitek Systems Inc. (MITK), a San Diego-based technology company, debuted its Mobile Photo Account Opening product at Finovate, a trade show where banking tech products are often unveiled. The product allows consumers to open a bank account within 60 seconds. If you have your bank’s app, you can use your smartphone’s camera to take a photo of the front and back of your driver’s license, and presto, your new checking, savings or credit card account is open. Here’s a look at other financial products and services personal financial experts think we’ll be using in the future. Within 10 years. “The economic payments system will begin to ‘know us,’ either through biometrics, optical sensor or facial recognition,” says Joshua Siegel, managing principal of StoneCastle Partners, a New York-based asset management firm that invests in banks. That’s already happening to some extent with smartphones –- the new Apple (AAPL) iPhone 5S, for example, uses fingerprint scanning to unlock the phone. Meanwhile, some fi
stock market best investments: Rave Restaurant Group, Inc.(RAVE)
- [By Rick Rouse]
Rouse is sticking with his Best Stocks entry for this year’s competition. His selection is Rave Restaurant Group (RAVE), which owns Pie Five Pizza, a fast-casual pizza joint that Rouse thinks is changing the industry with its unique ovens.
Says Rouse: “The company is on track to open 500 Pie Five locations over the next few years, and we are still in the early innings of this ballgame.”