The stock market is trading higher this morning and hopes are high for a strong finish to the week. In the spotlight right now are biotech stocks trading under $5; penny stocks. These small caps are trending right now because of several industry developments and breaking corporate news that you need to know about. Here are today’s top 4 biotech stocks to watch:
Top Biotech Penny Stock To Watch, No. 4: Sintx Technologies (SINT)
Sintx (SINT Chart) focuses on biomaterials and OEM to develop and manufacture biomedical silicon nitride. Now you may be wondering exactly what biomedical silicon nitride is used for. Think about things like spine and dental implants.
This being said, shares of Sintx have jumped higher after announcing a key partnership with a multi-center European industry-academic group. This group trains future scientists and promotes the development of these kinds of biomedical implants.
Top Biotech Penny Stock To Watch, No. 3: TrovaGene, Inc. (TROV)
This penny stock is running on Friday’s news. TrovaGene, Inc. (TROV Chart) reported two things. First, the company announced a $1.5 million investment from Lincoln Park Capital. This raise was done at a price of $3.925. This was a premium to the stock’s closing price on April 4. Second, TrovaGene provided an update to its Phase 1b/2 Acute Myeloid Leukemia Trial Data.
Data showed a complete response in 50% of the trial size at the heist doses of the company’s drug, onvansertib combined with standard of care chemo. This drug targets leukemias, lymphomas and solid tumors.
Top Biotech Penny Stock To Watch, No. 2: AVEO Pharmaceuticals, Inc. (AVEO)
This biotech stock has crossed above the $1 level on Friday. AVEO Pharmaceuticals, Inc. (AVEO Chart) shares dipped earlier this week after announcing a public offering. April 5 saw this penny stock reverse in price during the first half of the session. Though there were no clear news catalysts, the market has reacted favorably to this latest surge in trading momentum.
Top Biotech Penny Stock To Watch, No. 1: Vital Therapies, Inc. (VTL)
The last penny stock on this list, Vital Therapies, Inc. (VTL Chart) has soared by more than 150%. Why is Vital Therapies, Inc. trading higher today? Late in the afternoon on April 4, the company made an announcement.
Company stockholders voted to approve the proposals required to complete the business combination with Immunic AG at a special meeting of Vital Therapies stockholders. Why’s this important? The new deal will Viral and Immunic into a stronger company according to Vital’s management. The new symbol will be IMUX after the deal is closed. The expected consummation is something in mid-April 2019.