PDS Biotechnology Corporation [NASDAQ:PDSB] is one of the top gainers in the last two months and is up by over 300% since late May. Even with such huge gains, the stock is not showing signs of a slowdown. In yesterday’s trading session, the stock rallied to close higher by 39.20%. This stock’s momentum has mainly been driven positive developments on its various vaccines and treatment projects, including one for COVID-19. The market expects that a breakthrough in any of these projects could positively impact this company’s bottom-line and the stock price. Some of the developments giving this stock upside momentum are as below:
Universal Flu Vaccine
On 14th July, PDSN Biotech announced that it had been given the grant to accelerate the development of a Versamune® based universal flu vaccine. The grant was given by the National Institute of Allergy and Infectious Diseases and aims to come up with a durable, and broadly protective vaccine for multiple strains of influenza. With the grant money, the company will continue to work on its PDS0202 vaccine program. The program is a combination of Versamune® and new vaccine antigens. PDS CEO stated that the company was excited by the prospects of accelerating the development of PDS0202 and show Versamune’s capability in providing broad and lasting protection against different strains of influenza. With the boost the company got from this grant, investors are looking forward to a breakthrough, and this reflects in the sustained upside pressure.
2. Publication of preclinical data on PDS0101
Back in June, PDS Biotech announced that data on its top clinical program called PDS0101, together with two other investigational cancer-fighting agents, had been published by the Journal of Immunotherapy of Cancer. The study showed that PDS0101 generated T-Cells for the Human Papillomavirus (HPV) and anti-tumor therapy. The CEO stated that the results were an indicator that PDS0101 has the potential to improve the outcome for people with advanced HPV-linked cancers that include cervical, vulvar, neck, head, and anal cancers. With such a massive potential for this treatment, the stock has been gaining in value and could possibly gain more as the market anticipates a breakthrough.
3. PDS0204 COVID-19 Vaccine
Most companies working on a COVID-19 vaccine, or cure, have recorded massive gains in value over the past few months. PDS Biotechnology is one of the companies that have gained from the increased investor interest in COVID-19 stocks. Back in June, the company announced that it had entered into an agreement with Farmacore Biotechnology for the development of Versamune® – COV-2FC, a vaccine for preventing COVID-19 infections. The two organizations are working to accelerate the development and will carry out the phase 1 trial in Brazil. In anticipation of a potential breakthrough on this front, this stock stands to record sustained upside momentum into the foreseeable future.
About PDS Biotechnology Corporation
PDS Biotechnology Corporation is a biopharma company focused on cancer immunotherapies. The company is headquartered in Princeton, New Jersey.
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