ITUS Corporation (ITUS) jumped 6% on 11/14/17: This is why
ITUS Corporation (ITUS) jumped on two bullish news releases on the announcement that it has executed an exclusive worldwide license agreement with The Wistar Institute for a Chimeric Antigen Receptor T-Cell (CAR-T) technology aimed initially at treating ovarian cancer, and eventually additional solid tumors.
The CAR-T technology, exclusively licensed to Certainty, is initially focused on ovarian cancer, with potential future applications in Prostate, Pancreatic and other cancers as well. The engineered T-cells will use the Follicle Stimulating Hormone (FSH) to target ovarian cells that express the FSH-Receptor.
“While CAR-T technology has demonstrated exciting results in B-cell cancers, very little progress on solid tumors has been made. However, this technology approach utilizes CAR-T technology in an innovative way which shows promise for ovarian cancer and other solid tumors, and we are very excited to be at the forefront of using CAR-T technology against solid tumors,” added Dr. Kumar.
This was one example of how news can impact stock’s price, especially in the news that contained the words “exclusive license agreement”. We have seen thousands of stocks that jumped when released exclusive license agreement. This bullish news is an example of our signals and the impact they have on profit generating.
Why are we Bullish on the stock: this technology approach utilizes CAR-T technology in an innovative way which shows promise for ovarian cancer and other solid tumors. The stock has been impacted by the bullish news and jumped by 6%. It is very common that these type of news (i.e. exclusive license agreement) will impact the stock in a bullish manner. Therefore, we provide this stock a short-term bullish signal.
(Views and recommendations given in this section are for research purposes only. Please consult your financial adviser before taking any position in the stock/s mentioned.) Neither First to invest. nor any of its officers, employees, representatives, agents or independent contractors are, in such capacities, licensed financial advisors, registered investment advisers or registered broker-dealers. First to invest does not provide investment or financial advice or make investment recommendations. Nothing contained in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer by First to invest of any particular security, transaction or investment. Our goal as publishers of financial information is to provide research and analysis of investments to our subscribers
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