Stockwinners Market Radar for November 10, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BABA... | Hot Stocks20:02 EST Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Alibaba Group's (BABA) Singles' Day shopping holiday, 11/11, started off strong. In the first minute and eight seconds, gross merchandise volume, or GMV, settled through Alipay reached $1.0B. In the first hour, GMV settled through Alipay had reached $12.0B. 2. Facebook (FB) subsidiary Instagram's CEO Adam Mosseri said in a Wired interview that Instagram will start hiding likes on the platform for U.S. audiences beginning next week, saying the goal is to"depressurize Instagram, make it less of a competition." 3. New York's Department of Financial Services is opening a probe into Goldman Sachs' (GS) credit card practices after a tech entrepreneur's viral tweet "alleged gender discrimination in the new Apple (AAPL) Card's algorithms when determining credit limits," according to Bloomberg. "The department will be conducting an investigation to determine whether New York law was violated and ensure all consumers are treated equally regardless of sex. Any algorithm, that intentionally or not results in discriminatory treatment of women or any other protected class of people violates New York law." 4. Lionsgate's (LGF.A, LGF.B) World War II film "Midway," directed by Roland Emmerich, was predicted to finish in fourth place this weekend, with a projected gross of around $13M. However, a combination of "Midway" overperforming, with an estimated weekend gross of $17.5M, and both AT&T (T) subsidiary Warner Bros. horror film "Doctor Sleep" and Comcast (CMCSA, CMCSK) subsidiary Universal Pictures' romantic comedy "Last Christmas" underperforming, gave the top spot to the World War II drama. 5. Honeywell (HON) and Oshkosh (OSK) both got positive mentions in this week's edition of Barron's, while Uber (UBER) received a negative mention.
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FB | Hot Stocks16:57 EST Facebook's Instagram to start hiding likes for U.S. audiences - Facebook subsidiary Instagram's CEO Adam Mosseri said in a Wired interview that Instagram will start hiding likes on the platform for U.S. audiences beginning next week, saying the goal is to"depressurize Instagram, make it less of a competition." Reference Link
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TRP | Hot Stocks16:36 EST TC Energy says Keystone pipeline resumes service - TC Energy Corporation announced that its Keystone pipeline has returned to service following the approval of its repair and restart plan by the U.S. Pipeline and Hazardous Materials Safety Administration, or PHMSA. As part of the restart plan, TC Energy will operate the pipeline at a reduced pressure with a gradual increase in the volume of crude oil moving through the system. The company is communicating plans to its customers and will continue working closely with them as they begin to return to normal operating conditions.
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BABA | Hot Stocks16:35 EST Alibaba generates $12B in gross merchandise volume in first hour of 11/11 event - Alibaba Group Holding Limited kicked off the 2019 11.11 Global Shopping Festival at midnight in China. In the first minute and eight seconds, gross merchandise volume, or GMV, settled through Alipay reached $1.0B. In the first hour, GMV settled through Alipay reached $12.0B.
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NKTR LLY | Hot Stocks11:56 EST Nektar presents updated results from Phase 1a study of NKTR-358 - Nektar Therapeutics (NKTR) announced updated results from the first-in-human Phase 1a study of NKTR-358, a novel T regulatory cell stimulator in development for the treatment of autoimmune and other chronic inflammatory conditions. The data, which were presented at the 2019 Annual Meeting of the American College of Rheumatology in Atlanta, show that treatment with NKTR-358 led to a marked and selective dose-dependent expansion in the numbers and proliferative capacity of FoxP3+CD25bright Treg cells, and a measurable activation of Treg cells. These data are a continuation of initial results reported at 2019 Annual European Congress of Rheumatology in June 2019. NKTR-358 is designed to treat autoimmune and inflammatory conditions by correcting the immune system imbalance that results from reduced numbers and impaired function of immune-regulating Treg cells. NKTR-358 works by targeting the interleukin-2 receptor complex to stimulate the proliferation and activation of Treg cells. NKTR-358 was discovered by Nektar and is being co-developed and commercialized in partnership with Eli Lilly (LLY). "We're pleased to report that final results from our first-in-human Phase 1a study continue to support the positive safety and tolerability profile of NKTR-358, while reinforcing its selective and measurable impact on the numbers, expansion and activation of regulatory T cells or Tregs," said Brian Kotzin, M.D., senior VP, Clinical Development and NKTR-358 Program Lead at Nektar. "Autoimmune and inflammatory diseases are marked by an imbalance in the body's self-tolerance and self-regulatory immune pathways, and the ability of NKTR-358 to expand functional Tregs could help restore normal balance. The results support further studies into the potential of NKTR-358 as a treatment for several types of immune-mediated disorders."
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MRTX | Hot Stocks11:48 EST Mirati presents data from sitravatinib in combination with nivolumab trials - Mirati Therapeutics announced the presentation of initial data from its ongoing Phase 2 clinical trial of sitravatinib in combination with nivolumab in metastatic urothelial cancer patients with documented progression on a platinum-chemotherapy and checkpoint inhibitor. The data were presented in an oral presentation at the Society of Immunotherapy of Cancer 34th Annual Meeting. Preliminary results from the ongoing Phase 1 study of neoadjuvant sitravatinib combined with nivolumab in patients with resectable squamous cell carcinoma of the oral cavity, SNOW trial, were also presented in a poster session. The preliminary data suggest that the combination of neoadjuvant sitravatinib and nivolumab is safe and active in patients with squamous cell carcinoma of the oral cavity who are candidates for resection. Tumor reduction was observed in all eight patients who were eligible for evaluation, including one complete pathological response. All patients received postoperative radiation therapy, and none required postoperative chemotherapy. With a median follow-up of 31.4 weeks, all patients are alive with no disease recurrence to date. In most patients, treatment with sitravatinib led to a decrease in myeloid-derived suppressor cells and a shift towards M1-type macrophages in the tumor microenvironment, supporting previous preclinical findings. "Sitravatinib is a spectrum-selective kinase inhibitor that potently inhibits receptor tyrosine kinases, including TAM family receptors that has the potential to increase responsiveness in patients whose tumors are resistant to checkpoint inhibitors. The initial efficacy data from the Phase 2 clinical trial presented today in patients with checkpoint refractory mUC is promising and extends the clinical benefit data beyond what has already been demonstrated by sitravatinib combined with nivolumab in checkpoint refractory non-small cell lung cancer," said Charles Baum, M.D., CEO of Mirati. "In addition, we are evaluating sitravatinib in patients who have progressed on checkpoint therapy, including those with NSCLC and renal cell cancer, and we continue to expand development efforts of sitravatinib through our collaboration with BeiGene in multiple indications including NSCLC, renal cell cancer, hepatocellular cancer, ovarian cancer, and gastric cancer."
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NKTR | Hot Stocks11:43 EST Nektar presents new clinical, preclinical data from immuno-oncology pipeline - Nektar Therapeutics announced the presentation of five clinical and preclinical data abstracts focused on its immuno-oncology portfolio at the 2019 Society for Immunotherapy of Cancer Annual Meeting. New clinical results from the PIVOT-02 Phase 1/2 study were shared in an oral presentation titled, "Clinical activity of BEMPEG plus NIVO in previously untreated patients with metastatic melanoma: updated results from the Phase 1/2 PIVOT-02 Study" during the Combination Phase 1-2 Clinical Trials Session on Saturday, November 9th. Additional preclinical data presented at the annual meeting highlighted NKTR-255, an IL-15 agonist discovered by Nektar. The presentations demonstrated that NKTR-255 enhanced activity of antibody-dependent cellular cytotoxicity against tumor cells in vitro, and that it also enhanced in vivo efficacy of ADCC-inducing antibodies in models of human solid tumors. NKTR-255 is designed to engage the IL-15 pathway to stimulate and expand natural killer cells and promote the survival and expansion of memory CD8+ T cells without inducing suppressive regulatory T cells. NKTR-255 is currently being evaluated in a Phase 1/2 clinical trial in patients with either relapsed or refractory Non-Hodgkin's lymphoma or multiple myeloma. "The data presented at this year's SITC meeting continue to showcase the potential of our I-O portfolio, most notably our key IL-2 pathway program, bempeg, and our new IL-15 pathway program, NKTR-255," said Jonathan Zalevsky, Ph.D., Chief Research & Development Officer at Nektar. "The 18-month follow-up data presentation for the Stage IV melanoma patients in our PIVOT-02 study reinforces the promise of BEMPEG and NIVO to work synergistically to achieve a deepening of response over time, while maintaining a favorable safety and tolerability profile. We're pleased that at this 18 month timepoint, 85% of patients who achieved responses have ongoing responses and median PFS has not yet been reached."
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NXTC | Hot Stocks11:40 EST NextCure presents updated data from NC318 Phase 1/2 clinical trial - NextCure announced that updated clinical results from the Phase 1 portion of its ongoing trial with NC318, a monoclonal antibody targeting Siglec-15, or S15, were presented at the SITC annual meeting. S15 is a novel immunomodulatory protein that is expressed on highly immunosuppressive cells called M2 macrophages and on tumor cells. In addition, NextCure announced the initiation of the Phase 2 portion of its ongoing Phase 1/2 clinical trial of NC318. "NC318 has been well tolerated in the Phase 1 trial, and the only dose-limiting toxicity was a grade 3 pneumonitis in the 1,600 mg cohort," said Kevin Heller, M.D., NextCure's Chief Medical Officer. "It is encouraging to see single-agent activity among NSCLC patients refractory to PD-1 therapies, including a durable complete response and a durable partial response. Given what appears to be the non-overlapping expression of PD-L1 and S15, the results to date support the potential of NC318 to block S15-mediated immune suppression among a patient population unlikely to respond to PD-1/PD-L1-directed therapies."
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MYGN | Hot Stocks11:38 EST Myriad Genetics presents data on Vectra test - Myriad Genetics announced that its Myriad Autoimmune business unit will present new data on the Vectra test at the 2019 ACR/ARP Annual Meeting being held November 8-13 in Atlanta, Georgia. The key findings are that the Vectra test predicts the risk of radiographic progression within one year, and the Vectra score, in combination with other clinical measures, predicts the risk of a cardiovascular event in people with rheumatoid arthritis, or RA. "A hallmark feature of rheumatoid arthritis is inflammation, which increases the risk of joint damage, cardiovascular disease and other comorbidities," said Elena Hitraya, M.D., Chief Medical Officer at Myriad Autoimmune. "The data being presented by our academic collaborators at ACR show that the Vectra test accurately measures inflammation and can help predict patients' risk of adverse health outcomes, enabling clinicians to tailor precision treatment plans to achieve better outcomes."
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RHHBY | Hot Stocks11:36 EST Roche's Genentech announced Gazyva data that met primary, secondary endpoints - Genentech, a member of the Roche Group (RHHBY), announced data from the Phase II NOBILITY study, investigating the safety and efficacy of Gazyva for adults with proliferative lupus nephritis. The study met the primary endpoint with Gazyva, in combination with standard of care, demonstrating superiority compared to placebo plus standard of care. Gazyva additionally met key secondary efficacy endpoints showing improved overall renal response and serologic markers of disease activity as compared to placebo. No new safety signals were observed with Gazyva in the study at the time of this analysis. Through week 76, serious adverse events and serious infections were not increased with Gazyva. These data will be presented at the 2019 American College of Rheumatology Annual Meeting in Atlanta, Georgia, on November 10.
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GILD GLPG | Hot Stocks11:34 EST Gilead, Galapagos present filgotinib data that demonstrate durable efficacy - Gilead Sciences (GILD) and Galapagos NV (GLPG) announced detailed results from the companies' clinical research program evaluating filgotinib, an investigational, oral, selective JAK1 inhibitor, in adults with moderately-to-severely active RA. The data demonstrate durable efficacy and safety results with filgotinib across multiple RA patient populations, from MTX-naive patients to those who have had an inadequate response to two or more biologic disease-modifying antirheumatic drugs. The analyses will be presented at the 2019 American College of Rheumatology/Association of Rheumatology Professionals Annual Meeting in Atlanta. "These new analyses continue to demonstrate the consistent efficacy and safety profile of filgotinib for a broad range of patients, including those who have already tried other treatments and require other effective and tolerable options," said John Sundy, MD, senior VP, Inflammation and Respiratory Diseases, Gilead Sciences. "With the presentation of these results at ACR, we are one step closer in our journey to deliver upon the promise of filgotinib for patients in need."
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AKBA | Hot Stocks10:58 EST Akebia announces 'positive' data from two Phase 3 vadadustat studies - Akebia Therapeutics announced that MTPC, Akebia's development and commercialization collaboration partner in Japan for vadadustat, presented positive 24-week and 52-week data from two Phase 3 active-controlled pivotal studies evaluating the efficacy and safety of vadadustat, an investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor, in Japanese patients with anemia due to chronic kidney disease, at ASN Kidney Week 2019. Each study met its primary endpoint based on mean hemoglobin level at weeks 20 and 24, and showed vadadustat's effect on hemoglobin was sustained through to 52 weeks in each study.
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ALNY | Hot Stocks10:56 EST Alnylam initiates Phase 3 study of lumasiran, reports 'positive' Phase 2 data - Alnylam Pharmaceuticals announced that the company has initiated ILLUMINATE-C, a new global Phase 3 study of lumasiran, an investigational, subcutaneously administered RNAi therapeutic in development for the treatment of primary hyperoxaluria type 1. The study will enroll patients of all ages with advanced renal disease, and the primary study endpoint is the percent reduction in plasma oxalate from baseline to six months. Alnylam expects to report initial ILLUMINATE-C results in late 2020. The company also announced new positive efficacy results from the ongoing Phase 2 open-label extension study of lumasiran, which were presented at the American Society of Nephrology 2019 Annual Meeting on Saturday, November 9. Pritesh Gandhi, PharmD, VP and General Manager, Lumasiran program at Alnylam. "We are also pleased to report new results from our Phase 2 OLE study, and are encouraged by the sustained reductions in urinary oxalate and by the overall safety profile of lumasiran observed to date."
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PIRS | Hot Stocks10:51 EST Pieris presents data from phase 1 dose-escalation monotherapy study of PRS-343 - Pieris Pharmaceuticals announced the presentation of data from the phase 1 dose-escalation monotherapy study of PRS-343, a 4-1BB/HER2 bispecific for the treatment of HER2-positive solid tumors, in a late-breaking oral presentation at the Society for Immunotherapy of Cancer Annual Meeting. PRS-343 demonstrated single-agent anti-tumor activity, including partial responses, in heavily pre-treated patients across multiple HER2-positive tumors. Beyond demonstrating clinical benefit, PRS-343 showed a potent increase in CD8+ T cell numbers and proliferative index in the tumor microenvironment of responders, indicative of 4-1BB agonism on T cells. PRS-343 was safe and well tolerated at all doses and schedules tested. "The data presented today demonstrate PRS-343's potential to make a meaningful difference for patients with tumors that are difficult to treat with currently-available therapies," said Geoffrey Ku, medical oncologist at Memorial Sloan Kettering and the principal investigator for the PRS-343 monotherapy trial. "Beyond today's presentation, I look forward to sharing some of these case studies at Pieris' upcoming R&D day alongside emerging data from the study of PRS-343 in combination with atezolizumab."
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DOCU | Hot Stocks10:49 EST DocuSign, Lone Wolf to deepen partnership - In a joint effort to improve real estate transactions, DocuSign (DOCU) and Lone Wolf Technologies announced that they will deepen their partnership and enhance the existing integration between DocuSign Rooms for Real Estate and Lone Wolf's zipForm Plus. This will simplify and accelerate the completion of forms, transactions, and e-signatures for users of both products.
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GNCA | Hot Stocks10:48 EST Genocea presents data demonstrating potential of ATLAS platform - Genocea Biosciences presented clinical and preclinical data demonstrating the potential of Genocea's unique, biology-driven ATLAS platform to select neoantigens for inclusion in anti-tumor immunotherapies. The company said, "Striking clinical evidence shows that the presence of inhibitory neoantigens in an otherwise protective therapeutic vaccine completely suppressed anti-tumor immune responses and promoted tumor growth in pre-clinical models." These data were presented at the 34th Annual Meeting of the Society for Immunotherapy of Cancer. "These results point to the true power and utility of ATLAS," said Jessica Baker Flechtner, Chief Scientific Officer of Genocea. "Our findings confirm that responses to inhibitory neoantigens can undermine a cancer immunotherapy, even if it also contains stimulatory neoantigens. ATLAS is the only technology able to identify these inhibitory peptides, offering further proof of its potential to identify the targets that matter most."
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VCNX | Hot Stocks10:44 EST Vaccinex presents updated interim data from Phase 1b/2 study - Vaccinex announced that updated interim data of the Phase 1b/2 study of pepinemab in combination with anti-PD-L1 checkpoint inhibitor, Bavencio, in non-small cell lung cancer is being reported during a poster presentation on Saturday, November 9 at the 34th Annual Meeting of The Society for Immunotherapy of Cancer. Importantly, comparative analysis of available pre-treatment and on-treatment biopsies in a subset of subjects indicate that there is increased CD8+ T cell influx into tumors following combination therapy in patients experiencing a partial response or stable disease, suggesting a favorable treatment-related change in the tumor micro-environment. Tumor was absent or greatly reduced in on-treatment biopsies from these subjects. No concerning safety signals with the combination of pepinemab and avelumab have been identified by investigators to date. One dose limiting toxicity, a grade 3 pulmonary embolism, occurred. This resolved and did not recur in that same subject or additional subjects in any cohort. In addition, there have been no dropouts or discontinuations due to toxicity. Dr. Maurice Zauderer, CEO of Vaccinex, commented, "We are very pleased that patients appear to be experiencing durable clinical benefit from the combination of pepinemab plus avelumab, in many cases even after progression on prior immune checkpoint inhibitor therapy. The many patients who do not respond to single agent immunotherapy and others who relapse following single agent immunotherapy represent important unmet needs for NSCLC, and our data suggest that the combination treatment may overcome inherent or acquired resistance to anti-PD-1/PD-L1 therapy."
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AUTL | Hot Stocks10:42 EST Autolus Therapeutics reports 'encouraging' pre-clinical results for AUTO6NG - Autolus Therapeutics presented pre-clinical data on AUTO6NG, the company's next generation GD2-targeting CAR T cell therapy, at the 34th Annual Meeting of the Society for Immunotherapy of Cancer being held November 6-10, in Washington, D.C. "Autolus' growing set of programming modules addresses a range of inhibitory factors within the highly complex and dynamic solid tumor microenvironment. This presentation demonstrates the utility of three modules added to the clinically active and validated AUTO6 GD-2 targeting CAR that not only improve CAR T persistence but also combat the immunosuppressive environment," said Dr. Christian Itin, CEO of Autolus. "Based on these encouraging pre-clinical results, which demonstrate the activity of AUTO6NG, we plan on initiating a clinical study in patients with GD2 positive tumors including refractory/relapsed neuroblastoma in the second half of next year."
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FPRX | Hot Stocks10:40 EST Five Prime presents initial safety data from Phase 1 trial of FPT155 - Five Prime Therapeutics presented initial safety data from the Phase 1 clinical trial of FPT155 in patients with advanced solid tumors in a poster presentation at the Society for Immunotherapy of Cancer 34th Annual Meeting in National Harbor, Maryland. FPT155 was well tolerated at all dose levels, with no dose-limiting toxicities and no grade 4 or higher adverse events. There is no evidence of clinical or laboratory cytokine release syndrome, an adverse event associated with a prior therapy targeting CD28. Dose escalation with FPT155 is ongoing with the study currently enrolling patients at the 70 mg dose level. The Phase 1a/1b open-label, multicenter, dose escalation, dose exploration and dose expansion study will evaluate the safety and tolerability of FPT155 in patients with advanced solid tumors. The Phase 1a dose escalation portion of the trial will characterize the safety and PK/PD profile of FPT155 and will identify a recommended dose for the Phase 1b portion of the trial. The Phase 1b portion of the trial is intended to further characterize the safety, PK/PD profile, and preliminary efficacy of FPT155.
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GPL | Hot Stocks10:38 EST Great Panther Silver reports fatal accident at mine in Mexico - Great Panther reported that a fatal accident involving a contractor's employee occurred in the afternoon of November 8 due to an isolated rock fall at the San Ignacio underground mine, which forms part of the Guanajuato Mine Complex in Mexico. The company said that safety procedures are being reviewed and reinforced to ensure safety remains the top priority across all operations.
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OMAB | Hot Stocks10:33 EST OMA starts expansion project at Monterrey International Airport - Mexican airport operator Grupo Aeroportuario del Centro Norte, known as OMA (OMAB), started the expansion project at the Monterrey International Airport. With an investment of 4,245M pesos to be executed between 2019 and 2025, the Monterrey airport will increase its capacity by 50% and serve up to 16.5M passengers. The expansion is planned to be carried out in two stages. First phase includes the expansion of the public area and the growth of the check-in areas equipped with 88 fixed and 20 automated counters, as well as the construction of "Wing 1" with 11 boarding gates. Second phase includes a new inspection point with 12 new passenger service lines which will generate a more efficient transit. In addition, "Wing 2" will be built with 15 boarding gates equipped with walkways, as well as the expansion of the national and international baggage claim areas. The airport will also increase to 62 aircraft parking positions. During the construction process, the Monterrey Airport will be fully operational seeking the least possible impact.
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