Can Nymox Sustain This Massive Rally?

Health and Healthcare

Published: July 27, 2015 4:15 pm

Last Updated: April 27, 2020 6:27 pm

Source: Thinkstock

Nymox Pharmaceutical Corp. (NASDAQ: NYMX) was one of the best performers on Monday despite a down day in the market. And Nymox is absolutely dominating in 2015 in terms of its performance, as of Friday’s close shares were up over 200% year to date. This combined with Monday’s monster performance must be leaving some investors incredibly happy with these returns.

The company announced Monday that the its U.S. long-term extension prospective double-blind phase 3 BPH studies NX02-0017 and NX02-0018 of fexapotide triflutate (NX-1207) for BPH (benign prostatic hyperplasia) have successfully met the pre-specified primary endpoint of long-term symptomatic statistically significant benefit superior to placebo. Fexapotide showed an excellent safety profile with no evidence of drug-related short-term or long-term toxicity nor any significant, related molecular side effects in the 2 studies.

Following this clinical success Nymox now intends to meet with authorities and to proceed to file where possible in due course for regulatory approvals for fexapotide triflutate in various jurisdictions and territories.

One of the key benefits from this study was the reduced incidence of surgery. Subjects in phase 3 studies NX02-0020 and NX02-0022 with 1 or 2 injections of fexapotide had statistically significant reduction of BPH surgery within 24 months of fexapotide treatment.

Another important point from the study was that it had a median duration of 3.5 years from a single injection treatment. Also there was a statistically significant higher proportion (64%) of long-term improved patients in AUA BPH Symptom Score (primary outcome variable) after a single injection in fexapotide treated subjects versus the control group.

Some of the other projects in which this biopharmaceutical company engages are the research and development of products for the aging population; it offers NicAlert and TobacAlert tests that use urine or saliva to detect use of tobacco products; and it sells AlzheimAlert, a proprietary urine assay that aids physicians in the diagnosis of Alzheimer’s disease.

Shares of Nymox were up about 109% at $2.65 on Monday afternoon. The stock has a consensus analyst price target of $10.25 and a 52-week trading range of $0.33 to $5.75. The company has a market cap of about $99 million.

Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)

If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.

Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.