Making Waves: PaxMedica In The Spotlight; Bullish View On Outbrain
- July 24th, 2023
- 271 views
Shares of PaxMedica, Inc. (Nasdaq: PXMD) surged over 10% in pre-market trading as the company revealed positive top-line data from its PAX-HAT-301 Retrospective Analysis of Suramin Treatment for Stage 1 Trypanosoma Brucei Rhodesiense Human African Trypanosomiasis (S1 TBR HAT).
The study's primary endpoint was successfully achieved, showing statistically significant and clinically meaningful results. This breakthrough opens the path for an NDA filing for the use of PAX-101 (intravenous suramin) to treat African Sleeping Sickness.
$PXMD currently stands at $0.92 in pre-market, reflecting a gain of $0.12 (+15.15%) following the announcement.
In other news, Outbrain Inc. (Nasdaq: OB), a leading content discovery platform, received a positive review from Needham, which maintained its "Buy" rating on the stock and raised the price target from $5.5 to $6.5.
With Friday's closing price of $5.17, the updated price target suggests a potential upside of $1.33 or approximately 25.7%, according to the brokerage firm's analysis.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Micron Technology, Jabil, and Birkenstock Earnings Preview: What to Expect
December 15th, 2024Upcoming Earnings: Synopsys, AeroVironment, and nCino in Focus
December 01st, 2024Countdown to Earnings: Salesforce, Marvell Technology, and Okta Take the Stage
December 01st, 2024Fluence Energy, Agilent Technologies, and Woodward Earnings On Deck: A Preview
November 24th, 2024Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024
Member Login