Four Tech Stocks Hitting Their Stride On Thursday
CORAL GABLES, FL / ACCESSWIRE / March 7, 2019 / The tech stock market is remarkable in that its successes reflect that of the innovative efforts put forth by companies in the tech sector. The new year is only a few months old, and we've already seen tech companies demonstrate their commitment to creating technology to take humanity into the future. In recent news, we've seen companies invest in augmented reality technology, automation, quantum computing, and countless other aspects of the industry. Investors looking for potentially lucrative opportunities could benefit from paying attention to the tech sector in the coming months. Premier Health Group (PHGRF) (PHGI), Bio-Path Holdings Inc (NASDAQ:BPTH), Ability Inc (ABIL), and Seelos Therapeutics Inc (NASDAQ:SEEL) represent 4 tech companies that should be on your radar.
Premier Health Group (PHGRF) (PHGI) is a company working to develop innovative approaches that combine human skill-based expertise with state-of-the-art technologies to create the best-possible care solutions for their active patient network.
Premier Health Group (PHGRF) (PHGI) made headlines earlier this week when the Company announced that it will be working with NexTech AR solutions to explore bringing augmented reality technology to its patient-centric healthcare app. Premier Health will be working with NexTech to develop educational tools for healthcare professionals and patients alike - some of which will be created and commercialized content for third parties. Utilizing AR as a learning tool in training healthcare professionals creates a highly engaging and immersive educational experience which aids in retention and how well complex concepts can be grasped.
Following the announcement, Dr. Essam Hamza, CEO of Premier Health Group (PHGRF) (PHGI), commented, "at Premier Health we pride ourselves in being at the forefront of changes in healthcare, so we are thrilled to be a part of the future of healthcare by enabling state of the art technological advancements to our patient-centric telemedicine app. AR has the potential to revolutionize both the access to data and the delivery of healthcare."
For More Information On Premier Health Group, Click Here
Bio-Path Holdings Inc (BPTH) saw its shares enjoy an astounding 216.14% boost late in the afternoon on Thursday, with its shares trading at $38.00 per share. The Company's share activity could be connected to its announcement earlier this detailing a clinical update to the previously reported interim analysis from the Phase 2 trial of prexibersen (BP1001) for the treatment of acute myeloid leukemia.
Following the announcement, Peter Nielsen, President, and CEO of Bio-Path said, "we were particularly pleased with these results, especially when you consider that the large percentage of these patients are secondary AML patients. The CR/CRp/CRi rate for LDAC treatment alone for the class of patients in this study was benchmarked at 7-13%, whereas prexigebersen treatment with LDAC is currently showing a 29% CR/CRi/MLFS rate, with a highly favorable safety profile."
For More Information On Bio-Path Holdings Inc, Click Here
Ability Inc (ABIL), which provides tactical communications intelligence solutions, announced in mid-January the closing of the previously announced Stock Purchase Agreement, pursuant to which the Company purchased all the issued and outstanding shares of Telcostar Pte. Ltd., the supplier that develops and licenses to the Company on an exclusive basis Ultimate Interception, the Company's principal cellular interception system.
Per the details of the announcement, the Company estimated that it will incur additional operating expenses of approximately $750,000 on an annualized basis, while the Company will no longer be subject to the revenue share arrangement under the terminated reseller agreement.
For More Information on Ability Inc, Click Here
Seelos Therapeutics Inc (SEEL), a clinical-stage biopharmaceutical company, today announced that it has acquired an exclusive license to intellectual property owned by The Regents of the University of California pertaining to a technology that was created by researchers at the University of California, Los Angeles. Per the details of the announcement, such technology relates to a family of rationally-designed peptide inhibitors that target the aggregation of alpha-synuclein (α-synuclein).
Raj Mehra, Founder and CEO of Seelos, said, "accumulation and aggregation of α-synuclein is a pathological hallmark of PD. Though its role is not completely understood, it appears pivotal in the pathogenesis of PD and other α-synucleinopathies such as dementia with Lewy bodies and multiple system atrophy."
For More Information On Seelos Therapeutics Inc, Click Here
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