We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Celcuity (CELC) Soars on Agreement With Pfizer & Study Data
Read MoreHide Full Article
Shares of Celcuity Inc. (CELC - Free Report) soared almost 51% on Apr 9 following announcement of a licensing agreement with pharmagiant, Pfizer (PFE - Free Report) and promising preliminary data from an early-stage study on gedatolisib.
The company announced that it has signed a global licensing agreement with Pfizer, gaining exclusive rights to pan-PI3K/mTOR inhibitor, gedatolisib. Please note that the candidate is currently being developed in an early-stage study for breast cancer.
Per the terms of the agreement, Celcuity paid Pfizer $10 million in upfront payments — $5 million in cash and another $5 million in its common stock. The company will also pay Pfizer up to $330 million in development and sales-based milestone payments as well as tiered royalties on potential sales.
In a separate press release, the company announced promising preliminary data from an ongoing phase Ib study evaluating gedatolisib in combination with Pfizer’s Ibrance and an endocrine therapy in ER+/HER2- advanced or metastatic breast cancer patients. Data showed that the gedatolisib combo achieved an objective response rate of 60% asof the Jan 11, 2021 data cut-off date. A phase II/III study on gedatolisib combo is expected to start in mid-2022.
The receipt of exclusive rights to the promising candidate is likely to have boosted investors’ sentiment.
Celcuity’s shares have gained 135.8% so far this year against the industry’s decrease of 6.7%.
We note that the company is primarily focused on developing efficient companion diagnostic tests for targeted therapies by discovering new cancer sub-types that are not detected by molecular approach-based tests.Gaining exclusive rights to gedatolisib is likely to have added its first cancer therapy to its pipeline.
The company has signed multiple collaboration agreements with different companies — including Novartis (NVS - Free Report) and Puma Biotechnology (PBYI - Free Report) —and universities to establish accuracy of its CELsignia platform-based diagnostic tests under development. Celcuity evaluates its collaborators’ drugs in patients selected with its diagnostic tests. The company already has three companion diagnostic tests available for different sub-types of breast cancer under development. The company is planning to combine these three tests into a single multi-pathway activity test.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Celcuity (CELC) Soars on Agreement With Pfizer & Study Data
Shares of Celcuity Inc. (CELC - Free Report) soared almost 51% on Apr 9 following announcement of a licensing agreement with pharmagiant, Pfizer (PFE - Free Report) and promising preliminary data from an early-stage study on gedatolisib.
The company announced that it has signed a global licensing agreement with Pfizer, gaining exclusive rights to pan-PI3K/mTOR inhibitor, gedatolisib. Please note that the candidate is currently being developed in an early-stage study for breast cancer.
Per the terms of the agreement, Celcuity paid Pfizer $10 million in upfront payments — $5 million in cash and another $5 million in its common stock. The company will also pay Pfizer up to $330 million in development and sales-based milestone payments as well as tiered royalties on potential sales.
In a separate press release, the company announced promising preliminary data from an ongoing phase Ib study evaluating gedatolisib in combination with Pfizer’s Ibrance and an endocrine therapy in ER+/HER2- advanced or metastatic breast cancer patients. Data showed that the gedatolisib combo achieved an objective response rate of 60% asof the Jan 11, 2021 data cut-off date. A phase II/III study on gedatolisib combo is expected to start in mid-2022.
The receipt of exclusive rights to the promising candidate is likely to have boosted investors’ sentiment.
Celcuity’s shares have gained 135.8% so far this year against the industry’s decrease of 6.7%.
We note that the company is primarily focused on developing efficient companion diagnostic tests for targeted therapies by discovering new cancer sub-types that are not detected by molecular approach-based tests.Gaining exclusive rights to gedatolisib is likely to have added its first cancer therapy to its pipeline.
The company has signed multiple collaboration agreements with different companies — including Novartis (NVS - Free Report) and Puma Biotechnology (PBYI - Free Report) —and universities to establish accuracy of its CELsignia platform-based diagnostic tests under development. Celcuity evaluates its collaborators’ drugs in patients selected with its diagnostic tests. The company already has three companion diagnostic tests available for different sub-types of breast cancer under development. The company is planning to combine these three tests into a single multi-pathway activity test.
Celcuity, Inc. Price
Celcuity, Inc. price | Celcuity, Inc. Quote
Zacks Rank
Celcuity currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>