DelMar Pharmaceuticals, Inc. (NASDAQ:DMPI) retreated its position after shares change of -1.84% on Wednesday and it traded at $1.08. The 52-week high of the share price is -79.97% and 52-week low of the share price is 38.44%.
DelMar Pharmaceuticals, Inc.(NASDAQ: DMPI) reported that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the company’s lead product candidate, VAL-083, in recurrent glioblastoma (rGBM).
The interim chief executive officer at DelMar, SaiidZarrabian said, “The Fast Track designation marks an important milestone in the development of VAL-083 as a potential new therapy for cancer patients with limited or no treatment options,” said . “We appreciate the FDA’s recognition that the VAL-083 program addresses a important unmet need in rGBM as we continue to evaluate this agent in patients with multiple tumor types.”
This Fast Track status applies to two ongoing clinical trials sponsored by DelMar Pharmaceuticals to evaluate VAL-083 as a potential treatment for rGBM. These trials include: A Phase 2 study in bevacizumab-naïve MGMT-unmethylated GBM patients conducted in collaboration with The University of Texas MD Anderson Cancer Center; and A Phase 3 study of patients whose disease has progressed following prior treatment with temozolomide and bevacizumab (the STAR-3 trial).
Fast track designation is designed to expedite the review of drugs that show promise in treating life-threatening diseases and address unmet medical needs, with the goal of getting new treatments to patients earlier. Fast Track designation provides sponsors with an opportunity for surged frequency of communication with FDA to ensure an optimal development plan and to collect appropriate data needed to support drug approval.
The shares performance of DMPI was 18.28% for the last one month and 34.15% in the previous week, whereas year to date performance was calculated -65.51%. The goal of share performance is to compare managers to the interests of shareholders. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 11.40%. Investors looking further ahead will note that the Price to next year’s EPS is 51.90%.
In latest trading session, Inpixon (NASDAQ:INPX) build up 3.05% with 755685 trading volume. A leading indoor positioning and data analytics company, Inpixon (NASDAQ:INPX) reported that its listing in the Gartner “Market Guide for Indoor Location Application Platforms” report as a Representative Vendor.
Gartner states, “since our last iteration of this Market Guide in May 2016, we’ve seen uninterrupted interest in indoor application platforms among Gartner clients. We’ve also seen the realization and adoption of indoor location technology by many different verticals, including retail, healthcare, construction, transportation, manufacturing, natural resources, utilities and the public sector. The most active geography still seems to be North America. However, we are seeing more projects in Europe, where the retail industry and logistics/transportation organizations are starting to see high value in engaging with consumers and in asset tracking.” (1)
“We believe our presence in the Market Guide highlights Inpixon as a force within the indoor positioning sector,” said Nadir Ali, CEO of Inpixon. “To us, in this report, Gartner has published the concept of a comprehensive platform, including the components and architecture of indoor location technology, which we feel that are striving to achieve. As we usher in the era of location data poised to transform our physical world, Inpixon strives to present clients with a seamless integration platform and data visualization tool, leading to clear, actionable insights.”
INPX has the current ratio of 0.30 for the most latest quarter. As concerns shares volumes, in share Capital Company has 18.83 million outstanding shares among them 16.30 million shares have been floated in market exchange. The firm’s institutional ownership remained 3.00% while insider ownership included 0.10%.