New Low Float NASDAQ Profile *GNPX* Could Be Today's Big Breakout Runner
Bombshell News This AM Provides This NASDAQ Stock Massive Potential Upside - Key Details Below
Time is of the essence this morning which is why you need to get new NASDAQ stock profile *Genprex, Inc. (GNPX)* on your screen right now.
Genprex, Inc is a U.S.-based clinical-stage gene therapy company. It is engaged in developing a new approach to treating cancer based on its novel proprietary technology platform, including initial product candidate, Oncoprex immunogene therapy.
This morning, Genprex dropped a bombshell news release. Check it out:
Genprex Receives U.S. FDA Fast Track Designation for Gene Therapy that Targets Lung Cancer
Lung cancer is the world’s leading cause of cancer deaths
AUSTIN, Texas & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Genprex, Inc. (“Genprex” or the “Company”) (NASDAQ: GNPX), a clinical-stage gene therapy company utilizing a unique, non-viral proprietary platform designed to deliver tumor suppressor genes to cancer cells, today announced that the U.S Food and Drug Administration (FDA) has granted Fast Track Designation for Genprex’s Oncoprex™ immunogene therapy in combination with EGFR inhibitor osimertinib (AstraZeneca’s Tagrisso®, which had worldwide sales in 2018 of $1.86Bn, $2.31Bn in the first 9 months of 2019 and is currently AstraZeneca’s highest grossing product) for the treatment of non-small cell lung cancer (NSCLC) patients with EFGR mutations that progressed after treatment with osimertinib alone. Oncoprex is comprised of the TUSC2 (Tumor Suppressor Candidate 2) gene complexed with a lipid nanoparticle. TUSC2 is the active agent in Oncoprex.
Read the full article here.
And, here's everything else you need to know about GNPX:
#1 GNPX Catalyst - Analyst $5.00 Price Target
Cosme Ordonez, an analyst with Noble Capital Markets, is bullish on Genprex and has provided an Outperform rating on the Austin, Texas company as well as a $5 price target on the view that further trials with humans for its lead drug Oncoprex in combination with Erlotinib (Tarceva) in 2020 will advance its prospects for commercialization.
On top of this, the Noble team are hopeful about the start of human clinical trials this year that will assess the ability of Oncoprex, working together with Merck’s blockbuster cancer drug Keytruda, to curb the corrosive spread of lung cancer.
#2 GNPX Catalyst - Low Float Share Structure
According to Yahoo Finance, GNPX currently has an approximate 6.41Mn shares in its float.
As we've seen in previous stock profiles, a low float can lead to explosive price spiking in the short-term from volatility.
Biotech stocks are very sensitive to news. One major development -- such as a positive result from a clinical trial -- and share prices can take off in a hurry.
Could the next big news coming from the GNPX camp be the spark to send share prices flying???
#3 GNPX Catalyst - A Chart Potentially Gaining Momentum
Over the past few weeks, GNPX has slowly been climbing the charts.
This might be the start of an even bigger move (especially when you factor in the analyst $5 target).
Check it out: