Shares of biotech Intec Pharma Ltd. NTEC plunged 80% in premarket trade Monday after the company said its late-stage trial of a drug meant to treat symptoms of advanced Parkinson's disease did not result in meaningful improvement when compared with standard therapy.
Full Answer
What happened to NTEC?
Following the reverse share split and Domestication Merger, Intec US will begin trading on the Nasdaq Capital Market instead of Intec Israel at the commencement of trading on July 27, 2021 under Intec Israel's existing symbol "NTEC" but with a new CUSIP number (45828B 100).
Is NTEC a good buy?
A value under 20 is generally considered good....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.97%2Buy18.45%3Hold10.03%4Sell5.70%2 more rows
What is the value of NTEC stock?
9.63Key Turning Points52-Week High36.88Fibonacci 50%22.84Fibonacci 38.2%19.53Last Price9.6352-Week Low8.801 more row•Aug 3, 2021
What does Intec Pharma do?
Intec Pharma is a clinical-stage biopharmaceutical company focused on developing drugs based on its proprietary Accordion Pill platform technology.
What is an accordion pill?
The Accordion Pill of carbidopa/levodopa (AP-CD/LD) is a gastric-retentive dosage form designed to provide a significantly prolonged absorption of levodopa, for stable plasma levels, resulting in reduction of total "off" time and number of levodopa daily doses.
How were Intec Pharma's earnings last quarter?
Intec Pharma Ltd (NASDAQ:NTEC) announced its earnings results on Monday, May, 17th. The biotechnology company reported ($3.84) earnings per share f...
When did Intec Pharma's stock split? How did Intec Pharma's stock split work?
Intec Pharma shares reverse split on Tuesday, July 27th 2021. The 1-4 reverse split was announced on Tuesday, July 27th 2021. The number of shares...
Who are Intec Pharma's key executives?
Intec Pharma's management team includes the following people: Jeffrey A. Meckler , Vice Chairman & Chief Executive Officer Nir Sassi , President...
Who are some of Intec Pharma's key competitors?
Some companies that are related to Intec Pharma include IntelGenx Technologies (IGXT) , Forward Pharma A/S (FWP) , Aravive (ARAV) , OncoSec Med...
What other stocks do shareholders of Intec Pharma own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Intec Pharma investors own include SCYNEXIS (SCYX) , Inov...
When did Intec Pharma IPO?
(NTEC) raised $30 million in an initial public offering on Tuesday, August 4th 2015. The company issued 5,000,000 shares at $6.00 per share. Maxim...
What is Intec Pharma's stock symbol?
Intec Pharma trades on the NASDAQ under the ticker symbol "NTEC."
How much money does Intec Pharma make?
Intec Pharma (NASDAQ:NTEC) has a market capitalization of $0.00. The biotechnology company earns $-14.13 million in net income (profit) each year o...
How many employees does Intec Pharma have?
Intec Pharma employs 40 workers across the globe.
Intec Pharma Ltd. - Ordinary Shares (NTEC) Company Bio
Intec Pharma Ltd., a clinical stage biopharmaceutical company, focuses on developing drugs based on its proprietary Accordion Pill platform technology in Israel.
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Is Intec a phase 1 drug?
Intec's Accordion Pill-Carbidopa/Levodopa did not prove superior to Sinemet in a phase 3 trial. As a result, shares of Intec traded down 80%. Intec is now a phase 1 cannabinoid biotech stuck with a technology that failed its proof-of-concept test.
Is Intec trading ahead of data?
Because Intec was trading quite unfavorably months ahead of data, the downbeat results should come as little surprise. Studies in the past have demonstrated statistically significant differences in how a stock performs heading into positive or negative phase 3 data.
Is Intec undervalued?
It appears Intec has a cash runway extending into 2020. Investors can be fooled by thinking Intec is undervalued now due to it being valued below its cash. This is far from the truth given that Intec is likely to remain in operation and will continue to burn cash. Furthermore, its pipeline prospects are dim.
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