These 4 Pharma Stocks Could Test December Highs
CORAL GABLES, FL / ACCESSWIRE / December 21, 2018 / The pharmaceutical industry is predicated on the notion that treatments for various ailments can always be improved upon, and patients suffering from these diseases both demand and need better treatment options. As pharmaceutical companies work to develop new methods for bettering the care provided to their patients, the industry, in its entirety may benefit from these efforts. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Synergy Pharmaceuticals, Inc (SGYP), Pieris Pharmaceuticals, Inc (PIRS), and Obalon Therapeutics Inc (OBLN) are 4 pharma stocks representing companies invested in creating the best quality drug treatments for their patients.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) opened Friday with the Company's shares trading at $0.66 per share, well above the $0.53 close back in October, as well as steadily ahead of $0.59 per share price point from several weeks ago on December 9. On Monday, the Company announced that, as a means of furthering their efforts to develop innovative approaches that combine human-skill based expertise with emerging technologies for the healthcare industry, it had signed a binding letter of intent to acquire all outstanding securities of Cloud Practice Inc.
In affirmation of the LOI, Premier's CEO, Dr. Essam Hamza, said:
''We are ecstatic at the opportunity to build on our patient centric technology platform through the integration of Cloud Practice's suite of software solutions. They have a strong team of developers who are just as enthusiastic as we are about the future of healthcare. We believe that this partnership will help facilitate our vision of integrating telemedicine, online booking and other premium services with our electronic medical record (EMR) system.''
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Synergy Pharmaceuticals, Inc (SGYP), a biopharmaceutical company that is largely focused on developing originative gastrointestinal therapies, announced last week that it had entered into an agreement with Bausch Health Companies Inc. through which Bausch Health would acquire substantially all of Synergy's assets, including all rights to TRULANCE®,dolcanatide and related intellectual property, for approximately $200 million in cash.
"We have worked diligently to serve our patients, health care professionals and other stakeholders by bringing TRULANCE® to market and developing other GI therapies to address previously unmet needs. Unfortunately, we have now reached a point where our financial challenges are preventing us from taking this important work to the next level," said Troy Hamilton, Chief Executive Officer of Synergy Pharmaceuticals Inc. ''We are confident that this process will result in a strong new owner that has the necessary funding and commercialization capabilities to continue providing TRULANCE to the patients and providers who have come to rely on this treatment and will allow us to maximize value for all stakeholders.''
For More Information On Synergy Pharmaceuticals, Inc, Click Here
Pieris Pharmaceuticals, Inc (PIRS), like other clinical-stage biotechnology company in the industry, is invested in advancing biotherapeutics through its proprietary Anticalin® technology platform for treating respiratory cancer and other diseases. In early November, the Company reported its quarter earnings for the third quarter of 2018, and announced several corporate updates.
Per the press release issued at the time: ''We are pleased to announce that PRS-060, an IL-4 receptor alpha antagonist for moderate-to-severe asthma, was safe and well-tolerated by healthy volunteers in a single ascending dose Phase I study. This is the first clinical use of an inhaled Anticalin protein and marks an important development milestone for the Company. We continue to enroll subjects with mild asthma in a multiple ascending dose Phase I study."
For More Information on Pieris Pharmaceuticals, Inc, Click Here
Obalon Therapeutics, Inc (OBLN) opened Friday with an astounding 43% increase in their share price, trading at $2.36 per share just before the afternoon. The Company's performance may have to do with the fact that they announced that they received approval from the U.S. Food and Drug Administration of the Obalon Navigation System, which eliminates the need to use x-ray when placing the Obalon Balloon System.
''We're very pleased about the approval of the Obalon Navigation System which is intended to make placement of the Obalon Balloon more reliable, more convenient and more accessible to physician providers and patients by eliminating the costs and logistics related to acquiring x-ray,'' commented Kelly Huang, Ph.D., President and Chief Operating Officer of Obalon. ''I'd like to recognize the FDA for their timely review of the Obalon Navigation System, as well as the Touch Inflation Dispenser which was previously approved in the third quarter of 2018. We believe Navigation and Touch provide another step forward in helping physicians and patients battle the obesity epidemic.''
For More Information On Obalon Therapeutics, Inc, Click Here
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