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Altimmune Partners With Vigene To Advance Its COVID-19 Vaccine Candidate
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Over the past month, Altimmune Inc. (NASDAQ:ALT) stock surged 142.72%. The company is scheduled to releases it Q2 2020 and Six months ended June 30 results as well as a business update on August 12, 2020. Altimmune signed an agreement with Vigene Biosciences for the manufacture of its single-dose intranasal vaccine candidate, adCOVID, for COVDID-19. Vigene is a CDMO that focuses on viral infections and will use its capabilities to manufacture AdCOVID. After the recent encouraging pre-clinical data the company is planning to commence the first phase AdCOVID clinical trials in the fourth quarter.
Altimmune CEO, Vipin Garg said that they were pleased to partner with Vigne in advancing AdCOVID into the first phase of clinical trials. He added that the deep experience of Vigene in viral production and their client-focused approach will help facilitate the timeline for AdCOVID's clinical development.
Kandi Technologies Launches New Electric Vehicles In The US
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Kandi Technologies Group Inc. (NASDAQ:KNDI) has also surged in the past month and its stock is up 103.98%. The company will report its Q2 2020 financial results on August 10, 2020, before markets open followed by a conference to discuss the results. Recently the company launched cheap pure electric automobiles in The US the Kandi K23 and K27 models.
The company unveiled a marketing campaign supporting the launch titled "Kandi.Auto Evolution for all" centering around a virtual event expected to kick-off on August 18. Consumers seeking to buy the EVs can make reservations with a $100 refundable deposit with the vehicles expected in Q4 2020.
Capricor Therapeutics To Report Q2 2020 Results On August 6
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Capricor Therapeutics Inc. (NASDAQ:CAPR) has also gained 85.10% over the past month. The company announced that it will report its Q2 financial results for the quarter ended June 30 on August 6, 2020, after market close followed by a conference call to discuss the results and offer a business update. The biotech company could report a YoY increase on lower revenues for the quarter. According to Consensus Estimates the is likely to post a loss of 37 cents per share in the upcoming Q2 results which will be a 37.3% YoY improvement. YoY revenue is expected to drop by 48.8% to around $0.21 million.
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The post Bullish US Stocks With Highest Surge In The Last One Month: $ALT $KNDI $CAPR appeared first on The Market Signals.
COMTEX_368974194/2700/2020-08-06T08:37:14
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