|Bid||1.550 x 4000|
|Ask||1.630 x 1000|
|Day's Range||1.5900 - 1.6400|
|52 Week Range||1.0900 - 2.9100|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
Prana Biotechnology Ltd (ASX: PBT, NASDAQ: PRAN) (“Prana” or “the Company”) has today announced the US Food and Drug Administration (FDA) has granted Orphan Drug designation for its lead molecule, PBT434, for the treatment of Multiple System Atrophy (MSA). This is the first time the FDA has granted orphan designation to a drug for the treatment of MSA.
NEW YORK, NY / ACCESSWIRE / January 4, 2019 / U.S. markets plunged on Thursday, with the Dow Jones falling more than 600 points, as fears of a possibility of a global economic slowdown intensified after Apple lowered revenue forecasts. The Dow Jones Industrial Average dropped 2.83 percent to close at 22,686.22, dragged mostly lower by losses in Apple’s stock, while the S&P 500 Index decreased 2.48 percent to close at 2,447.89. The Nasdaq Composite Index slumped 3.04 percent to close at 6,463.50.
This strategic investment from Life Biosciences will have it making an initial investment of $7.5 million into the company researching treatments for Parkinson’s disease. After this initial investment, the company will also be able to raise an additional $21.9 million from Life Biosciences and other investors. The deal will have the company issuing 272 million new fully paid ordinary shares of Prana Biotechnology stock.
-- a biotech company working on therapies for debilitating neurological disease -- saw its shares shoot up some up 50% to $1.92 on Wednesday, Jan. 2, after getting a promised $31.4 million investment. Boston-based Life Biosciences, a private biopharmaceutical company, is seeking the stake in Prana, and will also lend at least two new big-name board members to the Australia-based drug developer. In total, Life Biosciences could own up to 60% of Prana when the deal is completed.
CORAL GABLES, FL / ACCESSWIRE / January 2, 2019 / This past year has been wild for the stock market, but now that we're a few days into the new year, possibilities in the space are endless. As sectors across all industries try and start off the year as strong as possible, this week's investors are being presented with several stocks providing volatile upswings just after the new year. As we move, headfirst into the new year, Premier Health Group (OTC:PHGRF) (CSE:PHGI), Prana Biotechnology Limited (NASDAQ: PRAN), Safe-T Group Ltd (NASDAQ: SFET), and vTv Therapeutics Inc (NASDAQ: VTVT) are presenting investors with potential opportunities just after the break of the new year.
MELBOURNE, Australia and SAN FRANCISCO, Jan. 2, 2019 /PRNewswire/ -- Prana Biotechnology Ltd (ASX: PBT, NASDAQ: PRAN) ("Prana" or "the Company") has today announced that it has entered into a securities purchase agreement for a lead investment by Boston based Life Biosciences LLC ("Life Biosciences") to raise up to approximately A$44.5 million (approx. US$31.4 million). Life Biosciences will initially invest US$7.5 million (approx. A$10.6 million), with the agreement allowing Prana to raise an additional US$2 million from other investors, totalling US$9.5 million (approx. A$13.4 million). A further amount of up to approximately A$31 million (approx. US$21.9 million) would be invested by Life Biosciences and other investors on exercise of short-term warrants being issued as part of the transaction.
Geoffrey Kempler has been the CEO of Prana Biotechnology Limited (ASX:PBT) since 2005. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of Read More...
Prana Biotechnology Limited (ASX:PBT), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is PBT Read More...
Prana Biotechnology Ltd (PBT.AX) (PRAN) today announced further pre-clinical evidence for PBT434 will be presented in a poster at the International Congress of Parkinson’s Disease and Movement Disorders® in Hong Kong on Sunday, October 7th, 2018 at 1:45pm.
Prana Biotechnology Ltd (ASX PBT: NASDAQ PRAN) has today announced it will be presenting further pre-clinical evidence for PBT434 at the International Congress of Parkinson’s Disease and Movement Disorders® to be held in Hong Kong from October 5-9, 2018. The data to be presented will include new in-vivo evidence of the efficacy of PBT434 to prevent neuron loss and improve function in an animal model of Multiple system atrophy (MSA), an important cause of atypical Parkinsonism. MSA is a rapidly progressive and devastating neurological disease with no established treatments and is one of the target indications for PBT434.
Prana Biotechnology Ltd (ASX PBT: NASDAQ PRAN) is pleased to announce the first cohort of volunteers in its Phase I clinical trial have been administered PBT434, an experimental drug under investigation for the treatment of Parkinsonian diseases. The trial conducted in Melbourne, Australia is recruiting and dosing healthy adult and elderly volunteers, to ascertain the optimal drug dose.
Prana Biotechnology Ltd is pleased to announce it has received ethics committee approval and has commenced recruitment for its Phase I Clinical trial evaluating the safety, tolerability and pharmacokinetics of the Company’s lead drug candidate, PBT434, in healthy volunteers.