CORAL GABLES, FL / ACCESSWIRE / December 3, 2015 / Biotechnology stocks have had their fair share of bumps and bruises after heavy concern surrounding pricing was brought up by several presidential candidates during the first round of debates. However, since then many stocks in this sector have taken a sharp turn in favor of the bulls. In fact, several have seen news releases on new management and even merger deals spark increased attention not only on the companies but also on the industry as a whole. Companies like VBI Vaccines Inc (VBIV), KaloBios Pharmaceuticals, Inc. (KBIO), Anavex Life Sciences Corp. (AVXL).
VBI Vaccines Inc is presenting at the LD Micro Conference this week with President and CEO Jeff Baxter as the presenter. Over the more recent weeks of the last 2 months the company has undergone several key changes including a planned merger with SciVac Therapeutics (SVACF). "We believe that our proposed merger with SciVac would bring a commercial vaccine together with unique vaccine development and manufacturing capabilities. We look forward to potentially combining SciVac's assets and talent to create what we believe will become a leading global vaccine developer," stated Baxter in a recent corporate announcement.
This planned merger also brings to the table some of the biotech industry's notable veteran investors including Dr. Phillip Frost. This is from being SciVac's majority shareholder, at 25% (14% post-merger) through OPKO Health Inc. (NYSE:OPK). Furthermore, since hitting lows in October of $2.25, shares of VBI have rebounded by as much as 27% with volume becoming increasingly more consistent over recent weeks.
Amidst much excitement in the market, KaloBios Pharmaceuticals has been the source both pain and pleasure depending on how the stock was traded during the incredible run it had beginning in November of this year. What began on November 16th was one of the largest stock runs of 2015 based on overall dollar volume and price movement. Following an opening price of $0.442 on the 16th, shares of KaloBios ran to highs of $45.82 days later. This 10,266.5% move caught many traders short as Martin Shkreli acquired 70% of the outstanding shares of the company and subsequently became its CEO.
Shkreli, as well as other investors committed to an equity investment of "at least $3million apart from a $10 million equity financing facility, subject to shareholder approval," as cited by Zacks Equity Research.
Anavex Life Sciences Corp. announced earlier this week that it has appointed Ulrigh Elben, PhD as VP of Preclinical Operations to oversee pipeline development and optimization. Earlier in November the company reported positive results from an Alzheimer's study. The company announced the publication of further data for Anavex 3-71 in the peer reviewed scientific journal Neurodegenerative Diseases. Evidence provided a positive and more "upstream" effect on reducing synaptic loss, amyloid and tau pathologies and neuroinflammation.
Anavex 3-71 is part of Anavex's pipeline that also includes Anavex 2-73, which targets sigma-1 and muscarinic receptors. Since hitting lows of $3.16 in mid-November, the stock has seen a rebound of more than 150% after hitting highs of $8.16 on November 30th. The stock currently has held a price between $5.57-$7.08 since hitting those highs.
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