Canopy Growth Corporation Rebounds 21% After Posting Revenue Loss Last Week

Canopy Growth Corporation (CGC) jumped 21% for the day, which is great news for CGC as shares tumbled on Friday. Last week, on Friday, CGC released their Q1 fiscal year results, which showed that the Company’s net revenue dropped 19%, causing the stock to tumble. The Company’s quarterly gross margin was impacted by a decline… [Read More]

Celyad Oncology (CYAD) Jumps on Positive News From FDA

Celyad Oncology (CYAD) soared over 40% on positive news from the FDA. CYAD has announced that the FDA has lifted its clinical hold of CYAD-101-002’s Phase 1b clinical trial. The trial evaluates CYAD-101 with Merck’s Keytruda in refractory metastatic colorectal cancer with microsatellite stable (MSS) / mismatch-repair proficient disease. “We are pleased that the FDA… [Read More]

Thermogenesis (THMO) Leads the PRISM Pack, Up 27% For the Day

Thermogenesis Holdings (THMO) surged 27% today, leading all of the stocks being tracked by PRISM indexes. Thermogenesis develops and commercializes automated cell processing technologies in the gene therapy field and is currently housed in the PRISM Medical Diagnostics Index, which is practically even for the day. THMO has had a strong trading week, but has… [Read More]

PRISM Emerging Solar Index Skyrockets as Schumer and Manchin Announce New Climate Spending Deal

Solar stocks have skyrocketed today, upon the news of Schumer and Manchin agreeing on spending billions of dollars for electric vehicles, solar panels and other clean-energy priorities. The packaged includes a record $369 billion dollars for climate and clean energy provisions. “The entire clean energy industry just breathed an enormous sigh of relief,” said American… [Read More]

Quoin Pharmaceuticals: Clear Clinical Path Forward for Lead Product Candidate in Europe

Following the receipt of Scientific Advice from the European Medicines Agency (EMA), specialty pharmaceutical company, Quoin Pharmaceuticals (Nasdaq: QNRX), has a clear path forward for the clinical development of its lead product candidate for the European market. The EMA truncated the standard review period for Quoin’s Briefing Submission and waived the requirement for an in-person… [Read More]
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The Federal Reserve Raises Rates to Fight Inflation

As inflation continues to be a concern, the Federal Reserve has raised rates by 0.75%. This is the fourth increase this year. Central bankers have voted unanimously to make the large intrest-rate move, and the Federal Open Market Committee has signaled that more rate increases can be coming, saying that it “anticipates that ongoing increases… [Read More]

Cannabis Index Soars 7.5%, Led by HEXO

The PRISM Cannabis Index led all indexes with 7.5% in gains, led by Hexo Corp (HEXO), which is up 20% for the day. HEXO’s gains follow the news that the Company has entered a strategic alliance with Tilray brands. Per the agreement, Hexo and Tilray target a combined cost-savings of up to $80M  within two… [Read More]

Soligenix Shares Surge 25% as JAMA Dermatology Publishes Phase 3 Study Findings

After publishing the results of a recent study evaluating its HyBryte™ treatment for early-stage cutaneous T-cell lymphoma, Soligenix, Inc. (Nasdaq: SNGX) saw its shares jump an impressive 25%. The results of the Phase 3 FLASH study, published in peer-reviewed JAMA Dermatology, demonstrated that HyBryte™ significantly reduced lesion size and highlighted its potential to address a… [Read More]

Marathon Digital (MARA) Surges 32% as Bitcoin Rebounds

Marathon Digital (MARA) jumped 32% today, largely due to Bitcoin’s rebound. Bitcoin is up almost 19% over the last seven days. Marathon Digital also recently announced that it has secured hosting capacity of around 200 megawatts from Applied Blockchain, to be used for MARA’s miners. “With these new arrangements, we believe we have now secured… [Read More]