Geometry Dash APK Hill Climb Racing APK
69.3 F
New York
Wednesday, September 28, 2022

CytoDyn Inc (OTCMKTS:CYDY) Moves Above The Trading Range: Buy, Sell, or Hold?

Must read

Asia Broadband Inc (OTCMKTS:AABB) Is Up 1100% This year: What’s The Buzz?

There are some stocks that have managed to clock massive over the course of the past month or so and one of...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Over the course of the year so far many companies have come into focus among investors due to its work on products meant for tackling the coronavirus pandemic and one such company is CytoDyn Inc (OTCMKTS:CYDY).

Over the course of the past week the CytoDyn stock has come back into focus among investors following a major development.

Key Developments

The stock has rallied by as much as 50% over the course of the past week and it could be worthwhile for investors to perhaps take a closer look at the latest news.

The company’s product leronlimab, which is also being tested as a treatment for COVID 19 patients, is at the centre of the latest developments.

Last Thursday, the company that it successfully enrolled the very first patient for the Phase 2 study of leronlimab as a potential treatment of NASH (nonalcoholic steatohepatitis). NASH is a well known and chronic condition of the liver. The preclinical study that has been conducted into leronlimab has shown that it could help in the treatment of NAFLD (nonalcoholic fatty liver disease).

That is a significant update considering the fact that NASH is often preceded by NASH in patients. This particular update may have been the main reason behind the renewed interest in the stock this past week.

The possibility of using leronlimab for treating patients suffering from coronavirus infection has also proven to be a major trigger for the stock. Over the course of 2020 so far, the stock has rallied by as much as 147% and that is particularly notable since, during the same period, the rest of the industry has recorded a 2% decline.

The results of the Phase 2 study into the possibility of leronlimab as a treatment for COVID 19 produced positive results as well. In this regard, it is also necessary to point out that CytoDyn is also trying to develop leronlimab as a potential treatment for different forms of cancer.

Disclaimer: We hold no position in CYDY stock.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
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