Novelos Therapeutics, Inc. (NVLT.OB) Nearly Doubled in Price Since Coverage by QualityStocks Newsletter
Novelos Therapeutics Inc.’s shares have nearly doubled in price since the company was initially covered in QualityStocks’ FREE Daily Newsletter. Novelos was mentioned in the newsletter only a few short weeks ago – on December 15, 2009 – when the stock was trading for only $1.09 a share. Since then the stock has climbed to a current price of $2.07 a share. That is a spectacular rise in such a short time!
Novelos Therapeutics is a biopharmaceutical company commercializing oxidized glutathione-based compounds for the treatment of cancer and hepatitis. The company’s lead compound – NOV-002 – is in Phase 2 development for early-stage breast cancer and chemotherapy-resistant ovarian cancer. More importantly, the compound is in Phase 3 development for lung cancer (and being fast-tracked by the FDA) and acts together with chemotherapy as a chemoprotectant and chemopotentiator. In addition, the company’s NOV-205 is in Phase 1b development for chronic hepatitis C non-responders.
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This entry was posted on Wednesday, January 27th, 2010 at 4:48 pm and is filed under QualityStocks Stock Newsletters. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.