Biotech Stocks Ignite in the News on Tuesday
CORAL GABLES, FL / ACCESSWIRE / October 10, 2017 / Here are two biotech stocks to watch after both companies released news on Tuesday pre-market:
GT Biopharma, Inc. (GTBP) has seen an increase in trading activity since the beginning of October. On Tuesday morning (10/10/17), GTBP announced the completion of the first four patients in their FDA approved phase 2 clinical trials for its cancer therapy, OXS-1550.
Dr. Kathleen Clarence-Smith, CEO of GT Biopharma, Inc., stated, "The product performed well in Phase 1 studies of blood cancers, enrollment in the Phase II study is advancing rapidly, and we look forward to providing a targeted immunotherapy product that has the capability of treating a number of different liquid tumors."
pSivida Corp. (PSDV) released news announcing that PSDV entered into a strategic collaboration agreement with Nicox to develop sustained release drugs to help patients suffering from glaucoma.
"Nicox's NO-donating research platform has been validated in both pre-clinical and human studies for the reduction of IOP," stated Nancy Lurker, President & CEO of pSivida. "Combining this novel approach to IOP lowering with our bioerodible, sustained delivery device could offer a unique therapy alternative or adjunct to existing therapies to lower IOP in order to help prevent the development and progression of glaucoma."
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