Enzo Biochem, Inc. (ENZ), a leading biosciences and diagnostics company, today announced the recent issuance of U.S. Patent No. 10,624,863 entitled Sphingosine Kinase Type 1 Inhibitors and Uses Thereof. The patent is directed to methods for inhibiting the enzyme Sphingosine kinase 1 in patients using the company’s proprietary compound SK1-I and related Sphingosine kinase 1 inhibitors. In February, Enzo reported the publication of work by academic researchers demonstrating that drug candidate SK1-I decreased Interferon (IFN) signature, pDC activation and glomerulonephritis, the inflammation of the filtration units of the kidney, in a chemically induced mouse model of lupus.
Enzo Biochem, Inc. (ENZ), a leading biosciences and diagnostics company, today announced that it is currently offering a SARS-CoV-2 IgG ELISA assay kit for serological detection of IgG antibodies against the novel coronavirus under the FDA’s Emergency Use Authorization (EUA) authority as both products and services. While molecular tests detect the presence of viral RNA to diagnose active infection, serological tests are used to detect the presence of antibodies to the SARS-CoV-2 virus. The emphasis in the coming months is shifting towards mass-market serological testing to determine if individuals were previously exposed to the novel coronavirus and are likely to have already recovered from infection.
NEW YORK, NY / ACCESSWIRE / March 6, 2020 / Enzo Biochem, Inc. (ENZ) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on March 6, 2020 at 8:30 AM Eastern ...
As U.S. authorities scrambled to ramp up the nation's capacity to test for coronavirus last week, at least 100 executives and other New Yorkers of means had easy access to testing, according to two sources familiar with the activities of a little-known medical service catering to the affluent. The arrangement gave members, which include people in finance, entertainment, advertising and media industries, access to the tests at home at a time New York Governor Andrew Cuomo said the state had the capacity to test just a few hundred patients a day. The demand for the coronavirus testing services provided by Sollis underscores the lack of preparedness of public health institutions.
Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech Stocks Hitting 52-week highs on Feb. 11) AbbVie Inc (NYSE: ABBV ) Acceleron Pharma Inc (NASDAQ: ...
Enzo Biochem, Inc. (NYSE:ENZ), an integrated diagnostics company focusing on delivering and applying advanced technology to produce affordable, reliable diagnostic products and services, today reported results for the fiscal second quarter ended January 31, 2020.
As U.S. authorities scrambled to ramp up the nation's capacity to test for coronavirus last week, at least 100 executives and other New Yorkers of means had easy access to testing, according to two sources familiar with the activities of a little-known medical service catering to the affluent. The arrangement gave members, which include people in finance, entertainment, advertising and media industries, access to the tests at home at a time New York Governor Andrew Cuomo said the state had the capacity to test just a few hundred patients a day. The demand for the coronavirus testing services provided by Sollis underscores the lack of preparedness of public health institutions.
Enzo Biochem, Inc. (NYSE:ENZ), a leading biosciences and diagnostic company, today announced its Comprehensive COVID-19 Program incorporating its molecular diagnostic virus screening products, detection for immunity through IgG/IgM serological ELISA products, detection of inflammation on Enzo’s ELISA platform, and a promising proprietary drug candidate (SK1-I). Enzo is utilizing its technological and research and development capabilities, manufacturing infrastructure strength and clinical diagnostic capabilities to provide products that address gaps in performance, cost, supply obtainability and safety. Most diagnostic platforms offered by others are ‘closed’ systems and have no flexibility with regards to adoptability for other infectious agents, have limited supplier relationships, and have no direct connection with the patient or the event. These underlying problems have manifested themselves in the current COVID-19 crisis. Enzo’s Comprehensive COVID-19 Program showcases Enzo’s ability to respond to the current challenges plaguing the healthcare market.
Enzo Biochem Inc. announced Tuesday that its subsidiary, Enzo Clinical Labs, has expanded its COVID-19 screening services and will now be collecting testing samples at a drive-through facility in Farmingdale, New York. The collections will happen by appointment and Enzo set up this drive-through facility with support from state and local governments. In a release, Enzo called the facility "one of the first independent drive-through testing facilities on Long Island, NY" and said that operations have begun. The stock is up 29% in premarket trading Tuesday. It's lost 12% so far this year as the S&P 500 has dropped 31%.
Enzo Biochem, Inc. (NYSE:ENZ) will hold a conference call to discuss fiscal 2020 second quarter results on Friday, March 6, 2020, at 8:30 AM E.T.
Q2 2020 Enzo Biochem Inc Earnings Call
Enzo Biochem, Inc. (NYSE:ENZ) today announced that its wholly owned subsidiary, Enzo Clinical Labs, Inc., will begin accepting specimens for novel Coronavirus (COVID-19) testing next week. COVID-19 is a contagious virus that is believed to spread by person-to-person transmission and may have serious health consequences. The virus has infected more than 93,000 people globally including recent detections in the United States. Enzo has many years of experience processing specimens for the detection of viral pathogens. The test used by Enzo is a molecular test that determines the presence of viral RNA in respiratory specimens collected from patients by healthcare providers.
Enzo Biochem, Inc. (NYSE:ENZ), a leading biotechnology and diagnostic company, today announced its wholly owned subsidiary, Enzo Clinical Labs, Inc., has expanded its screening services for COVID-19. Following the company’s March 6, 2020 announcement regarding the initiation of accepting specimens for novel Coronavirus (COVID-19) testing, Enzo is now directly collecting specimens at a drive-through facility by appointment in Enzo’s laboratory complex in Farmingdale, New York. This facility has been set up with support from local and state officials.
Enzo Biochem, Inc. (ENZ) a leading biosciences and diagnostics company, today announced the recent issuance of U.S. Patent No. 10,626,170 entitled Sulfonated Sclerostin, Antibodies, Epitopes and Methods for Identification and Use Therefor. The patent is directed to methods for producing monoclonal antibodies against specific regions of human Sclerostin, a protein that is a negative regulator of bone growth. Inhibition of Sclerostin using monoclonal antibodies can be used to promote bone growth for the treatment of osteoporosis.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
In an increasingly sickly looking market, Inovio Pharmaceuticals (NASDAQ:INO) has been resurrected from a dead-like experience with investors. The question is, can it last? Let's take a look at what's pumping life into shares and whether INO stock is worth buying in today's market.Source: Ascannio / Shutterstock.com It's not the cure for cancer. But on Wall Street and where the coronavirus from China is spreading a bearish pandemic among risk-assets, shares of Inovio are acting like the cure-all in the eyes of many investors. The stock rocketed higher by nearly 230% on the week on staggering record-breaking volume of roughly 587 million shares.But there's more to the rally in Inovio as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe obvious bullish interest has allowed Inovio to close in on a 13-year high. Shares have also moved into the double digits above $14 a share as of Friday's close and firmly into small-cap territory with a market valuation of $1.43 billion. Furthermore and in safer venues than those around the workplace cooler, on the Yahoo Finance message boards, INO stock has enjoyed a healthy surge in conversations totaling more than 21,000.Yep, investors are suddenly and very definitely interested in Inovio Pharmaceuticals.Not that the stock is alone in its rapid validation among today's investors. There's Enzo Biochem (NYSE:ENZ), Nanoviricides (NYSEAMERICAN:NNVC) and Vir Biotechnology (NASDAQ:VIR), a more recognizable larger-cap stock like Gilead Sciences (NASDAQ:GILD). There's also a host of other companies which have caught Wall Street's attention in recent weeks as a well-contained COVID-19 health problem has become a global health and financial crisis. * 10 Best Stocks to Buy and Hold Forever The driver (of course) behind each of these companies' strong rallies has been an arms race of sorts to help remedy or solve the coronavirus in one way or another. But right now, Inovio does stand apart from many of the other biotechs tackling this problem.While INO stock is still mired in red ink, Inovio is the only company with an existing phase 2 vaccine used for the MERS or Middle East Respiratory Syndrome coronavirus. It's a big advantage. Also, this past week, Inovio announced it's accelerating the timeline for development of its DNA-based vaccine to this combat this new strain of coronavirus. Management expects human trials for INO-4800 to commence in April. But is all of this priced in already? INO Stock Price Monthly Chart Source: Charts by TradingViewAside from the aforementioned street-grabbing stats, INO stock has made other strong inroads as well. Most importantly, last week's rally burst shares out of six-year long downtrend as shown on the provided monthly chart. But don't think for a second it's clear sailing from here for today's buyers of Inovio Pharmaceuticals.The strong buying in Inovio now has the stock challenging the 50% retracement level from its 2004 relative high. Shares have also pierced, but fallen back below its MERS-related high of $15.80 set in 2014. Also, Inovio is in an overbought position as evidenced by its price extension above the upper Bollinger Band and the stock's monthly stochastics.Ultimately, I'm not overly enthusiastic on Inovio's longer-term prospects. I'd also stress that given the company's weak financial position and shares' rise to price levels associated with its last run-in with Wall Street's sell-side during the MERS outbreak, the stock is highly speculative. But for investors that dare to see things differently, I'd definitely recommend using the options market and a limited-risk strategy for positioning.The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Ways to Diversify Your Portfolio at This Time of Crisis * 3 Cannabis Stocks That Are Ready to Run * 5 High-Yield Dividend Stocks With Great Buyback Programs The post Is Inovio Pharmaceuticals Stock the Cure for Your Portfolio? appeared first on InvestorPlace.