When it comes to biotechs, all it takes is a single spark to ignite the flame. For Lipocine (LPCN), which is focused on metabolic and endocrine disorders, this spark could be a fast-approach regulatory decision. The company is gearing up for Tlando’s PDUFA date, currently scheduled for August 28.Writing for H.C. Wainwright, analyst Oren Livnat tells clients that Tlando, the company's oral testosterone replacement therapy (TRT), has had a “long regulatory saga” that features two complete response letters (CRLs).That being said, based on multiple factors, Livnat is cautiously optimistic that the FDA will give the therapy its final stamp of approval. First and foremost, the analyst believes LPCN might be able to satisfy the PK excursion thresholds if it can convince the FDA “to accept a comparable PK analysis to that used by Clarus (private) for approved oral TRT Jatenzo, adjusting PK for different collection methods and ex-vivo testosterone conversion.” Additionally,...
(Bloomberg) -- Palantir Technologies Inc., the data-mining company on the verge of going public, is moving to Denver, following a flight from Silicon Valley by Chairman Peter Thiel and Chief Executive Officer Alex Karp.The company was founded 17 years ago a few miles from Stanford University in Palo Alto, California, and has grown to occupy a significant presence in the upscale college town. The company has a dozen or so properties scattered across Palo Alto’s downtown, which are now empty as employees work from home to slow the spread of the coronavirus.Palantir changed its website earlier this week to list Denver as its new headquarters. A company spokeswoman declined to comment.Thiel and Karp have publicly questioned the value of remaining in California and recently pulled up stakes in the state they’d called home for decades.Thiel, a prominent supporter of U.S. President Donald Trump, has loudly criticized the Valley, calling it a...
(Bloomberg) -- Nvidia Corp. suggested that the growth of its data center business will slow, sending shares of the chipmaker down 1.4% in extended trading on Wednesday.Chief Financial Officer Colette Kress said data center sales will grow in the “low-to-mid single digit” percentage range in the fiscal third quarter, compared with the previous quarter, she said. That’s down from a 54% quarter-on-quarter surge in the most-recent period.While demand from major cloud service providers remains solid, the company has a more “mixed” outlook on spending by companies in some industries, the CFO added during a conference call with analysts.That quelled investor enthusiasm for the company’s quarterly results, which beat Wall Street expectations.Revenue will be about $4.4 billion in the period ending in October, the Santa Clara, California-based company said Wednesday in a statement. That compares with an average analyst estimate of $3.96 billion, according to data compiled by Bloomberg.Nvidia is the biggest...
Stock futures opened slightly lower Wednesday evening as investors awaited the Labor Department’s weekly jobless claims report and another handful of earnings results before the bell....
Investors are in the market game to make money – and there is plenty of it to be made, as stocks are hitting record levels in recent days. But the coronavirus hasn’t gone away, unemployment is still high, and while it’s possible to argue that we’re in a V-shaped recovery, it’s also possible to argue that the recovery is soft, and fragile.In this environment, investors want a clear sign to follow. Fortunately, there are two available. The first is momentum, the accumulated drive of a stock’s market trends, and the second is the Smart Score, the single-digit score for every stock, derived from the latest TipRanks data, pointing toward likely performance.We’ve used the TipRanks database to find stocks that combine both of these signals for a compelling bullish case. The Smart Score is data-derived; the momentum is more subjective, but it is clear from a look at each stock’s recent share...
Former U.S. ambassador Bruce Heyman shares his contempt for Trump's attack on tire maker Goodyear. ”There is a place for politics and a place for governing...So, everything he is doing with a political or personal outcome. And this is wrong."...
