Today’s stock pick update

AstraZeneca shares are down more than 3% this morning after a U.S. health agency said that the company may have included outdated information in trial results for its COVID-19 vaccine, casting a shadow over efficacy rates published yesterday. The Data Safety Monitoring Board “expressed concern that AstraZeneca may have included outdated information from that trial, which may have provided an incom...

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CTI BioPharma Corp (NASDAQ: CTIC): CTI BioPharma shares rose as much as 29% yesterday after the company announced that Clinical Cancer Research, a journal of the American Association for Cancer Research, as published results from a Phase 1 study of pacritinib, an investigational oral kinase inhibitor with specificity for JAK2, for the prevention of acute graft-versus-host disease (...

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KR might not be sexy – but it is still a terrific value

The herd mentality is a big reason why pandemic-driven concerns since March have driven most of the market’s attention to stocks in the Technology and Healthcare sector. That doesn’t mean it’s wrong – but it’s one of the biggest reasons that a lot of tech stocks are now trading a valuations that even the most bullish, growth-focused analysts are finding hard to justify. Herd mentality that drives stocks to extreme highs is a manifestation of investor’s tendency to want to inve...

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Annovis Bio, Inc., a clinical stage drug platform company, develops drugs to treat neurodegeneration. The company’s lead compound is ANVS401, which is in Phase 2a clinical trials for the treatment of Alzheimer’s disease (AD), Parkinson’s disease, Alzheimer’s disease in Down Syndrome, and other chronic neurodegenerative disorders. It is also developing ANVS405 for protecting the brain after traumatic brain injury and/or stroke; and ANVS301, which is in Phase I clinical ...

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