|Bid||6.17 x 1000|
|Ask||6.65 x 2200|
|Day's Range||6.15 - 6.44|
|52 Week Range||3.12 - 11.42|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.25|
The stock markets can sometimes be a study in paradoxes. Good and bad news will exist simultaneously, tugging in various directions, and short-term trends can shift in a single trading session. Start with two data points noted by Oppenheimer’s chief investment strategist John Stoltzfus. He draws attention to the Q1 earnings – reporting season is winding down – particularly to the strong results. After 91% of the S&P 500-listed companies had reported, quarterly revenues had grown 9.8% year-over-year and earnings were up 47%. On the negative side, Stoltzfus contrasted the solid earnings with the poor April jobs report. The new jobs total reached a mere 266,000; far short of the nearly 1 million expected, and the February/March numbers were revised downwards. Stoltzfus sees resilience in the markets, however, as stocks continue to hover near record levels. "So far in 2021 the US economy and stocks have shown remarkable resilience considering the challenges and uncertainties they face in the process of moving towards the 'next new normal.' It’s no secret that a whole lot of love in the form of accommodative monetary policy from the Fed and gargantuan levels of stimulus from Capitol Hill have played a significant role to effect the process of navigating a landscape fraught with the uncertainties that come with any recovery from a major crisis," Stoltzfus wrote. The upshot: Oppenheimer comes down in favor of stock investing in today’s overall market environment, with an emphasis on US equities. The investment firm has been consistent in this stance for some time now, and its stock analysts have been making their recommendations accordingly. Two of those recent stock recommendations caught our eye; according to the TipRanks database, these are stocks that gotten under the radar of the analyst class. They haven’t had much coverage, but Oppenheimer’s analysts believe that each could double or more in the next year. Let’s find out why. Cyclacel Pharmaceuticals (CYCC) The first stock we’re looking at, Cyclacel Pharma, is involved in clinical-stage research into new cancer medications. The company’s focus is on innovative drug candidates based on ‘cell cycle, transcriptional regulation, and mitosis biology;’ in plainer language, the way cells divide. Uncontrolled cell division is a hallmark of tumor growth, and Cyclacel aims to tackle that facet of cancer through several pathways. Cyclacel has two main drug candidates in its pipeline, fadraciclib and CYC140. Both are undergoing clinical trials as treatments for solid tumors and leukemia, but with different mechanisms. The first is a transcriptional regulator, while the second is in the anti-mitotic program. Fadraciclib is administered either orally or intravenously, and is an inhibitor or CDK2 and CDK9. It has been shown to cause death of cancer cells at sub-micromolar concentrations. The company plans to begin dosing patients with fadraciclib in Phase 1b/2 studies against solid tumors and leukemia by the end of this year. Data from the earlier Phase 1 study, against two forms of leukemia, will also be released later this year. CYC140 follows a different pathway, being a selective inhibitor of PLK1, a mitotic pathway enzyme. PLK1 has a central role in cell division, and its inhibition in tumor cells is a promising mode of treatment. Like fadraciclib above, CYC140 will be entering a Phase 1/2 study against solid tumor and leukemia, with patient dosing to begin this year. The drug candidate has already completed a Phase 1 study in patients with advanced leukemias, and data from that study will also be released in the coming months. Covering this stock for Oppenheimer, 5-star analyst Kevin DeGeeter lays out the upbeat prospects for the company. “We view CYCC as offering a unique opportunity to participate in POC data readouts from two targeted cancer therapies before the end of 2022. Our investment thesis is based on the following assumptions: 1) oral fadraciclib maintains an acceptable safety profile, including myelosuppression—a key challenge for first-generation pan-CDK inhibitors; and 2) CYC140 exhibits potential for single-agent activity. With successful POC data from one or more Phase II expansion cohorts, we expect CYCC to explore opportunities for partnering of commercial rights to markets outside the US,” DeGeeter opined. In line with his bullish comments, DeGeeter rates CYCC an Outperform (i.e. Buy) along with a $17 price target. The figure is set to reward investors with 12-month returns of ~140%, should DeGeeter's thesis play out accordingly. (To watch DeGeeter’s track record, click here) Micro-cap biopharmas don’t get a lot of analyst attention – they tend to fly under the radar. However, there are two reviews on file here and both are to Buy, making the consensus rating a Moderate Buy. CYCC shares are priced at $7.06, with an average price target of $17.50 indicating a runway toward ~148% upside for 2021. (See CYCC stock analysis on TipRanks) Chemomab Therapeutics (CMMB) Next up, Chemomab, is another biotech firm. This company is focused on the treatment of fibrosis-related diseases, especially of the liver. The company merged with the Israeli biotech firm Anchiano this past December, forming a combined entity that will pool resources to develop Chemomab’s drug candidate, CM-101. The merged company began using the CMMB ticker on the NASDAQ this past March. The pipeline drug, CM-101, is a monoclonal antibody, first in its class, targeting CCL24 and known to interfere with disease-causing fibrosis of the liver, skin, and lungs. Chemomab has three parallel programs, all Phase 2 clinical trials, to study CM-101 in the treatment of rare fibrotic diseases. These diseases include Primary Sclerosing Cholangitis (PSC), Systemic Sclerosis, and Liver Fibrosis MoA (NASH). The first is a chronic, progressive, cholestatic disease of the liver, without current treatment options. In preclinical studies, CM-101 was seen to inhibit the overexpression of CCL24 and to attenuate cholestasis and fibrosis in animal subjects. The company is currently enrolling patients in a Phase 2a clinical trial, SPRING, for the treatment of PSC. The trial is expected to enroll 45 patients by early 2022, and preliminary data is expected in the first half of next year. Systemic Sclerosis is a rare, chronic autoimmune disease of the skin, and is better known as scleroderma. The disease can involve numerous organs of the body, and is slowly progressive. CM-101’s anti-fibrotic action has been found efficacious in preclinical studies, and a Phase 2 clinical trial is planned to start later this year. Finally, NASH – non-alcoholic steatohepatitis, or non-alcoholic fatty liver – is another fibrotic illness without a currently approved treatment. The disease is the liver manifestation of an underlying metabolic disorder, and can lead to liver failure. The Phase 1b clinical trial indicated that CM-101 was well-tolerated and showed promise in treating this condition. A Phase 2a trial, SPLASH, is scheduled to enroll 40 patients by year’s end, and early data is expected in 1H22. Analyst Jeff Jones, in his coverage of this stock for Oppenheimer, notes the company's pipeline and the cash runway as significant factors. “Compelling results in several disease models point to CCL24 neutralization as a treatment strategy, and initial clinical safety is supportive. Phase 2 reveals in primary sclerosing cholangitis (PSC) and non-alcoholic steatohepatitis (NASH) are anticipated in 1H:22, and a trial in systemic sclerosis (SSc) is on track to commence later this year. We would expect success in any of these poorly-met fibrotic indications, each of which offers sizable sales potential for CM-101, to drive significant value for CMMB. Cash runway, post recent financing, is approximately two-plus years," Jones wrote. To this end, Jones gives CMMB shares an Outperform (i.e. Buy) rating along with a $42 price target. At the current share price of $16.63, that price target suggests an upside of ~153%. This stock appears to be flying under the Street’s radar and currently Jones' is the sole CMMB review. (See CMMB stock analysis on TipRanks) To find good ideas for biotech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
- Announces IND Authorization by FDA for Fadraciclib, a CDK2/9 Inhibitor, in Solid Tumors - - Recent Publication Reported that Overactive KRAS Mutants are Impeded by CDK9 Inhibition - - Following Recent Financing, Cash Runway Extended to Early 2023 - - Conference Call Scheduled May 12, 2021 at 4:30 p.m. ET - BERKELEY HEIGHTS, N.J., May 12, 2021 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC, NASDAQ: CYCCP; "Cyclacel" or the "Company"), a biopharmaceutical company developing innovative medicines based on cancer cell biology, today reported its financial results for the first quarter 2021 and business highlights, including an update on its progress with fadraciclib and CYC140, Cyclacel's novel CDK2/9 and PLK1 inhibitors, respectively. “During the quarter, we have made significant progress in bringing our two oral targeted development candidates into mid-stage clinical development. Following recent FDA authorization of our IND for oral fadraciclib, we will finalize contract discussions with sites and open our multi-cohort Phase 1b/2 study in patients with solid tumors,” said Spiro Rombotis, President and Chief Executive Officer. “We believe fadraciclib is establishing a strong position among compounds in clinical development that specifically address cancer resistance mechanisms, including suppression of MCL1, MYC and cyclin E. A recent publication identified potential utility of CDK9 inhibitors in KRAS mutant colorectal cancer, one of the tumor types in our study. Together with our oral CYC140 PLK1 inhibitor program, which has shown in preclinical models that KRAS mutant cancers are sensitive to CYC140 inhibition, we hope to provide valuable alternatives to patients with these difficult to treat malignancies. After strengthening our balance sheet in the quarter, we are executing a precision medicine strategy to achieve multiple milestones and data read outs over the next two years.” Key Corporate Highlights CYC065-101 Phase 1b/2 oral fadraciclib in advanced solid tumors - announced that the U.S. Food & Drug Administration (FDA) has authorized Cyclacel’s Investigational New Drug (IND) application for oral fadraciclib to proceed. This Phase 1b/2 registration-directed trial includes multiple cohorts defined by histology thought to be sensitive to the drug’s mechanism of action and informed by the clinical activity of fadraciclib in MCL1, MYC and cyclin E amplified cancers. The cohorts include breast, colorectal (including KRAS mutant), endometrial/uterine, ovarian cancers and certain lymphomas. The study design also includes a basket cohort which will enroll patients with relevant biomarkers to the drug’s mechanism regardless of histology.A recent publication by researchers led by Frank McCormick, PhD of University of California San Francisco and NCI’s Frederick National Lab for Cancer Research reported that overactive KRAS mutants are impeded by CDK9 inhibition1. These data expand on previous findings, which show that dual CDK2/9 inhibition is an optimal strategy to treat colorectal cancer2, that KRAS mutant pancreatic cancer is sensitive to CDK9 inhibition3, and that fadraciclib showed efficacy against KRAS mutant lung cancer in preclinical PDX models4. Collectively these publications suggest the potential for the therapeutic use of fadraciclib in KRAS-mutated cancers, including colorectal, lung and pancreatic. CYC140 PLK1 inhibitor program - commenced IND-directed activities and manufacturing of clinical trial supplies for oral CYC140. Initial data in preclinical models show that KRAS mutant cancers are sensitive to oral CYC140 inhibition.Phase 1b/2 Investigator Sponsored Trial (IST) of sapacitabine-olaparib combination in patients with BRCA mutant metastatic breast cancer – investigators reported that out of 9 patients enrolled, 5 have achieved partial response (PR), 3 stable disease (SD), and one patient has progressed.Announced the closing of an underwritten public offering for net proceeds to the Company of approximately $13.5 million, after deducting placement agent fees and other offering expenses. Existing and new institutional investors participated in the offering. In addition, the Company received approximately $4.5 million in the quarter through warrant exercises. Key Near-Term Business Objectives and Expected Timeline1H 2021 First patient dosed with oral fadraciclib in Phase 1b/2 advanced solid tumor study 2H 2021 First patient dosed with oral fadraciclib in Phase 1b/2 leukemia studyFirst patient dosed with oral CYC140 in Phase 1/2 advanced solid tumor study 1H 2022 First patient dosed with oral CYC140 in Phase 1/2 leukemia studyPhase 1 data with oral fadraciclib in advanced solid tumor studyUpdate data from the Phase 1b/2 IST of sapacitabine-olaparib combination in patients with BRCA mutant metastatic breast cancer when reported by the investigators Financial Highlights As of March 31, 2021, cash and cash equivalents totaled $47.8 million, compared to $33.4 million as of December 31, 2020. The increase of $14.4 million was primarily due to $18.0 million of net cash provided by financing activities, offset by net cash used in operating activities of $3.6 million. There were no revenues for each of the three months ended March 31, 2021 and 2020. Research and development expenses were $2.6 million for the three months ended March 31, 2021 as compared to $1.1 million for the same period in 2020. Research and development expenses relating to the CDK inhibitor program increased by approximately $0.8 million for the three months ended March 31, 2021 as clinical evaluation of fadraciclib is progressing. General and administrative expenses for the three months ended March 31, 2021 were $1.7 million, compared to $1.3 million for the same period of the previous year due to an increase in legal and professional expenses and recruitment costs. Total other income, net, for the three months ended March 31, 2021 was $0.1 million, compared to $0.9 million for the same period of the previous year. The decrease of $0.8 million for the three months ended March 31, 2021 is primarily related to income received under an Asset Purchase Agreement with Thermo Fisher Scientific Inc. United Kingdom research & development tax credits were $0.7 million for the three months ended March 31, 2021, as compared to $0.3 million for the same period in 2020 as a direct consequence of increased qualifying research and development expenditure. Net loss for the three months ended March 31, 2021 was $3.5 million, compared to $1.2 million for the same period in 2020. The Company raised net proceeds of approximately $13.5 million from an equity financing in March 2021. The Company also received an additional $4.5 million of proceeds from warrant exercises. The Company estimates that cash resources of $47.8 million as of March 31, 2021 will fund currently planned programs through early 2023. Conference call information: Conference ID 2763358 Webcast link US/Canada call: (877) 493-9121 / international call: (973) 582-2750 US/Canada archive: (800) 585-8367 / international archive: (404) 537-3406 For the live and archived webcast, please visit the Corporate Presentations page on the Cyclacel website at www.cyclacel.com. ______________________________ 1 Pui Lai L, et al, SLAS Discovery I-II 2021, https://journals.sagepub.com/doi/abs/10.1177/24725552211008853.2 Somarelli JA, et al, Mol Cancer Ther, 2020 19 2516. DOI: 10.1158/1535-7163.MCT-20-0454.3 Blake DR, et al, Science Signalling, 2019, https://pubmed.ncbi.nlm.nih.gov/31311847/.4 Kawakami M, et al J Natl Cancer Inst, 2017 109, https://pubmed.ncbi.nlm.nih.gov/28376145/. About Cyclacel Pharmaceuticals, Inc. Cyclacel is a clinical-stage, biopharmaceutical company developing innovative cancer medicines based on cell cycle, transcriptional regulation and mitosis biology. The transcriptional regulation program is evaluating fadraciclib, a CDK2/9 inhibitor, and the anti-mitotic program CYC140, a PLK1 inhibitor, in patients with both solid tumors and hematological malignancies. Cyclacel's strategy is to build a diversified biopharmaceutical business based on a pipeline of novel drug candidates addressing oncology and hematology indications. For additional information, please visit www.cyclacel.com. Forward-looking Statements This news release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements include statements regarding, among other things, the efficacy, safety and intended utilization of Cyclacel's product candidates, the conduct and results of future clinical trials, plans regarding regulatory filings, future research and clinical trials and plans regarding partnering activities. Factors that may cause actual results to differ materially include the risk that product candidates that appeared promising in early research and clinical trials do not demonstrate safety and/or efficacy in larger-scale or later clinical trials, trials may have difficulty enrolling, Cyclacel may not obtain approval to market its product candidates, the risks associated with reliance on outside financing to meet capital requirements, and the risks associated with reliance on collaborative partners for further clinical trials, development and commercialization of product candidates. You are urged to consider statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plans," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words or other comparable words to be uncertain and forward-looking. For a further list and description of the risks and uncertainties the Company faces, please refer to our most recent Annual Report on Form 10-K and other periodic and other filings we file with the Securities and Exchange Commission and are available at www.sec.gov. Such forward-looking statements are current only as of the date they are made, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contacts Company: Paul McBarron, (908) 517-7330, firstname.lastname@example.orgInvestor Relations: LifeSci Advisors, LLC, Irina Koffler, (646) 970-4681, email@example.com © Copyright 2021 Cyclacel Pharmaceuticals, Inc. All Rights Reserved. The Cyclacel logo and Cyclacel® are trademarks of Cyclacel Pharmaceuticals, Inc. CYCLACEL PHARMACEUTICALS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (LOSS)(In $000s, except share and per share amounts) Three Months Ended December 31, 2020 2021 Revenues: Total revenues - - Operating expenses: Research and development 1,106 2,566 General and administrative 1,318 1,739 Total operating expenses 2,424 4,305 Operating loss (2,424) (4,305)Other income (expense): Foreign exchange gains (losses) 69 10 Interest income 28 4 Other income, net 817 126 Total other income (expense), net 914 140 Loss before taxes (1,510) (4,165)Income tax benefit 290 687 Net loss (1,220) (3,478)Dividend on convertible exchangeable preferred shares (50) (50)Beneficial conversion feature of Series B preferred stock - - Net loss applicable to common shareholders$(1,270) $(3,528)Basic and diluted earnings per common share: Net loss per share – basic and diluted$(1.48) $(0.50)Weighted average common shares outstanding 859,998 7,099,037 CYCLACEL PHARMACEUTICALS, INC.CONSOLIDATED BALANCE SHEET(In $000s, except share, per share, and liquidation preference amounts) December 31, March 31, 2020 2021 ASSETS Current assets: Cash and cash equivalents$33,406 $47,777Prepaid expenses and other current assets 2,063 2,686Total current assets 35,469 50,463 Property and equipment, net 106 173Right-of-use lease asset 1,227 1,181Total assets$36,802 $51,817LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable$514 $871Accrued and other current liabilities 1,972 1,901Total current liabilities 2,486 2,772Lease liability 1,057 996Total liabilities 3,543 3,768 Stockholders’ equity 33,259 48,049Total liabilities and stockholders’ equity$36,802 $51,817 SOURCE: Cyclacel Pharmaceuticals, Inc.
NEW YORK, NY / ACCESSWIRE / May 12, 2021 / Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 12, 2021 at 4:30 PM Eastern Time.