Geometry Dash APK Hill Climb Racing APK
89 F
New York
Tuesday, July 27, 2021

Heat Biologics Inc (NASDAQ:HTBX) Stock Heats Up After More Positive News

Must read

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Hitting on All Cylinders

Last year it was announced that Tesoro Enterprises, Inc. (OTCMKTS:TSNP) was going to be merged with fintech company HUMBL INC and since...

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attracts Buyers As Ethereum Passes $1600

The rally in cryptocurrencies over the past few weeks has been quite remarkable. Although Bitcoin, the world’s biggest cryptocurrency by market cap,...

Rolls-Royce Holding PLC ADR (OTCMKTS:RYCEY) Needs to Turn the Tide Soon

The coronavirus pandemic had unleashed complete chaos in the capital markets in 2020 and that resulted in many stocks hit historic lows...

The coronavirus pandemic has shown no signs of going away and a vaccine is still awaited, which is why companies that are making progress in that regard have seen their stocks soar. The latest company to join that list is Heat Biologics Inc (NASDAQ:HTBX) after the company announced encouraging results from the preclinical testing of its coronavirus vaccine.

COVID-19 vaccine shows encouraging action in preclinical study

The news proved to be a major boost for the Heat Biologics stock as well and it soared by as much as 45% in early trading as investors piled on to it.

The company announced that the vaccine candidate demonstrated immunogenicity in animal models. The company went on to add that the results demonstrated that there was the expansion of antibody-supporting CD4+ and virus-killing CD8+ T cells in mice lungs. These are encouraging signs for the company and it remains to be seen if the Heat Biologics stock can add to its gains further through the rest of the day.

The vaccine was created on the gp96 platform by Heat Biologics and Natasa Strbo, who is a co-developer of the platform, spoke about the developments as well. Strobe is an MD and is also the Assistant Professor of Microbiology and Immunology at the University Of Miami Miller School Of Medicine.

She stated that the observations with regards to T-cell expansion and cytokine secretion when stimulated with the spike in protein have proven to be encouraging. However, it should be noted that the tests were conducted on animal models and it remains to be seen how the vaccine performs in human trials.

Strbo stated that the data has also provided encouraging signs with regards to a possible human trial and that is something that everyone is going to look forward to. That being said, the preclinical results are no doubt encouraging and the rally in the stock has not come as a complete surprise. Investors could do well to keep an eye on the developments regarding Heat going forward.

Latest article

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

BIGG Digital Assets Inc (OTCMKTS:BBKCF) is Struggling to Regain Momentum

Over the course of the past few months, the continued rally in some of the biggest cryptocurrencies has led to considerable interest...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service