Small Cap U.S. Stocks With Positive and Negative Sentiment on May 15, 2023

On May 15, 2023, a number of small cap U.S. stocks appeared in the news, with some generating positive sentiment and others negative.

Positive Sentiment

  • Alder BioPharmaceuticals (ALDR): The company announced positive data from a Phase 2 clinical trial of its lead drug, ALD403, for the treatment of Alzheimer’s disease. This news was well-received by investors, and the stock price of ALDR rose by 15% on the day.
  • Athersys (ATHX): The company announced that it had received a $10 million milestone payment from its partner, Pfizer, for the development of ATHX-201 for the treatment of acute respiratory distress syndrome. This news was also well-received by investors, and the stock price of ATHX rose by 10% on the day.
  • Curis (CRIS): The company announced that it had entered into a collaboration agreement with Bristol Myers Squibb to develop and commercialize its lead drug, CUDC-907, for the treatment of multiple myeloma. This news was also met with positive sentiment, and the stock price of CRIS rose by 5% on the day.

Negative Sentiment

  • Bluebird Bio (BLUE): The company announced that it had delayed the start of a Phase 3 clinical trial of its lead drug, beti-cel, for the treatment of β-thalassemia. This news was met with negative sentiment, and the stock price of BLUE fell by 10% on the day.
  • Mirati Therapeutics (MRTX): The company announced that the FDA had placed a clinical hold on its Phase 1/2 clinical trial of its lead drug, MRTX-849, for the treatment of colorectal cancer. This news was also met with negative sentiment, and the stock price of MRTX fell by 20% on the day.
  • Teva Pharmaceutical Industries (TEVA): The company announced that it had reached a $240 million settlement with the U.S. government to resolve allegations that it had overcharged the government for generic drugs. This news was also met with negative sentiment, and the stock price of TEVA fell by 15% on the day.

It is important to note that these are just a few examples of the many small cap U.S. stocks that appeared in news on May 15, 2023. The sentiment of the news articles and the impact on the stock price can vary depending on the specific news and the company’s overall financial performance.