Biopharma Stock Alert for ADVENTRX Pharmaceuticals Inc. Issued by Beacon Equity
March 07 2010 - 10:50PM
BeaconEquity.com announces an investment report featuring
biopharmaceutical company ADVENTRX Pharmaceuticals Inc. (AMEX:ANX).
The report includes financial, comparative and investment analysis,
and pertinent industry information you need to know to make an
educated investment decision.
It is available at: http://www.beaconequity.com/i/ANX
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ADVENTRX Pharmaceuticals Inc. (ANX) is a development-stage
biopharmaceutical company. The Company's business is focused on
in-licensing, developing and commercializing product candidates for
the treatment of cancer. Its lead product candidates, ANX-530 and
ANX-514, are emulsion formulations of marketed chemotherapy drugs.
ANX is focused primarily on evaluating strategic options, including
the sale or exclusive license of one or more of its product
candidate programs, a strategic business merger and other similar
transactions. In October 2008, ANX announced that it had
discontinued active work on all product candidates other than
ANX-530 and ANX-514.
In the report, the analyst notes:
"For the three months ended September 30, 2009, ANX's net loss
applicable to common stock was $2.7 million, or 2 cents per share,
compared with a net loss applicable to common stock of $6.8
million, or 8 cents per share, for the comparable period in 2008.
Included in the net loss applicable to common stock for the 2009
third quarter was a non-cash deemed dividend expense of $0.4
million incurred in connection with the Company's July and August
2009 equity financings.
"ANX in early March announced that it received a refuse to file
letter from the U.S. Food and Drug Administration (FDA) regarding
its New Drug Application (NDA) for ANX-530 (vinorelbine injectable
emulsion). ANX plans to meet with the FDA as soon as possible to
discuss its response."
Read the entire report: http://www.beaconequity.com/i/ANX
See what investors are saying about ANX at penny stock forum
BeaconEquity.com is one of the industry's largest small-cap
report providers. Beacon strives to provide a balanced view of many
promising small-cap companies that would otherwise fall under the
radar of the typical Wall Street investor. We provide investors
with an excellent first step in their research and due diligence by
providing daily trading ideas, and consolidating the public
information available on them. For more information on Beacon
Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON
THIS REPORT. We are not registered as a securities broker-dealer or
an investment adviser either with the U.S. Securities and Exchange
Commission (the "SEC") or with any state securities regulatory
authority. We are neither licensed nor qualified to provide
investment advice. Beacon Equity Research nor its affiliates have a
beneficial interest in the mentioned company; nor have they
received compensation of any kind for any of the companies listed
in this communication. The information contained in our report is
not an offer to buy or sell securities. We distribute
opinions, comments and information free of charge exclusively to
individuals who wish to receive them.
CONTACT: Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com
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