Small Cap US Stocks with Positive and Negative Sentiment on July 3, 2023

On July 3, 2023, a number of small cap US stocks appeared in the news, with some receiving positive sentiment and others receiving negative sentiment.

Positive Sentiment

  • Alder BioPharmaceuticals (ALDR): This biopharmaceutical company received FDA approval for its drug Oxbryta, which is used to treat sickle cell disease. This is a major milestone for the company and is expected to boost its stock price.
  • Evelo Biosciences (EVLO): This gene therapy company announced positive data from its Phase 2b trial of its gene therapy EB-101 for the treatment of epidermolysis bullosa. This data showed that EB-101 was well-tolerated and showed significant improvement in the skin of patients with EB.
  • Spero Therapeutics (SPRO): This pharmaceutical company announced positive data from its Phase 2a trial of its drug SPR015 for the treatment of urinary tract infections. This data showed that SPR015 was effective in treating UTIs and had a favorable safety profile.

Negative Sentiment

  • Amarin Corporation (AMRN): This pharmaceutical company announced that the FDA had requested additional data from its Phase 3 trial of its drug Vascepa for the prevention of cardiovascular events. This could delay the approval of Vascepa and could have a negative impact on the company’s stock price.
  • Clovis Oncology (CLVS): This pharmaceutical company announced that the FDA had placed a clinical hold on its Phase 3 trial of its drug Rubraca for the treatment of ovarian cancer. This could delay the approval of Rubraca and could have a negative impact on the company’s stock price.
  • Sorrento Therapeutics (SRNE): This biopharmaceutical company announced that it had received a warning letter from the FDA regarding its manufacturing practices. This could lead to regulatory scrutiny and could have a negative impact on the company’s stock price.

It is important to note that these are just a few of the small cap US stocks that appeared in the news on July 3, 2023. The sentiment of the news articles may change over time, and the actual impact of the news on the stock price may vary.

Title: Small Cap US Stocks with Positive and Negative Sentiment on July 3, 2023