CORAL GABLES, FL / ACCESSWIRE / March 13, 2019 / The healthcare stock market has managed to attract significant attention in the initial months of 2019 as a result of healthcare companies demonstrating to investors and consumers their commitment to the future of the industry. We've seen companies in the healthcare sector make key strategic investments in upgraded EHR systems, augmented reality technologies, and telemedical technologies, all for the purpose of creating the best quality of care for patients who just want to feel better. Premier Health Group (OTC: PHGRF) (CSE: PHGI), Novavax Inc (NASDAQ: NVAX), Advaxis Inc (NASDAQ: ADXS), and MannKind Corporation (NASDAQ: MNKD) are 4 healthcare companies raising the bar on Wednesday.
Premier Health Group (OTC: PHGRF) (CSE: PHGI) is a company determined to develop innovative approaches that combine human skill-based expertise with state-of-the-art technologies to offer to their patients the best possible treatment solutions and primary care.
Premier Health Group (OTC: PHGRF) (CSE: PHGI) today announced that the Company will begin working with Bio Conscious Technologies to bring their Artificial Intelligence technology to Premier Health's 100,000-member patient network. Premier Health will be partnering with BCT to enable patients and care providers improved monitoring of chronic disease progression and management of chronic conditions, such as diabetes, using BCT's proprietary AI technology.
Following the announcement, Dr. Essam Hamza, CEO of Premier Health Group (OTC: PHGRF) (CSE: PHGI), said, "since the beginning, remote patient monitoring has been an integral component of our telemedicine app. DiaBits will enable our diabetic patients to dramatically increase glucose control and improve their quality of life. We are eager to work with the team at BCT to bring this innovative solution to our comprehensive telemedicine app."
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Novavax Inc (NVAX), a late-stage biotechnology company determined to improve global health through the discovery, development, and commercialization of innovative vaccines, saw impressive gains in the market on Wednesday, with shares up 1.07%, trading at $0.52 per share. Shareholders and investors are waiting with antiquation as the Company announced that it will report its fourth quarter and year-end financial and operating results following the close of the U.S. financial market on Monday, March 18, 2019.
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Advaxis Inc (ADXS), a late-stage biotechnology company focused on the discovery, development, and commercialization of immunotherapy products, made headlines earlier this week when the Company announced an update on its clinical pipeline and financial results for the first quarter ended January 31, 2019.
Kenneth A. Berlin, President, and Chief Executive Officer, "we reached an important milestone with our ADXS-HOT program last month when we enrolled the first patient in the ADXS-503 Phase 1/2 clinical trial. This is the first clinical trial initiated using a drug construct from our ADXS-HOT program, for which we have designed over 10 different drug constructs for various cancer types. We continue to be very excited about our ADXS-HOT program and anticipate filing two additional INDs for drug constructs from this program during 2019."
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MannKind Corporation (MNKD) reported financial results for the fourth quarter and full year ended December 31, 2018, towards the end of February. Per the details of their results, Research and development (R&D) expenses for the fourth quarter of 2018 were $1.1 million compared to $3.5 million for the fourth quarter of 2017. The decrease of $2.4 million was primarily due to $0.8 million associated with the United Therapeutics research agreement, which was classified as a cost of collaborations and services revenue, and a decrease in spending of $0.8 million related to clinical trials.
Following the announcement, Michael Castagna, Chief Executive Officer of MannKind, said, "our fourth quarter and full year 2018 results showed excellent progress in executing against our Afrezza growth plan and recognized for the first time revenues associated with our license and collaboration agreement with United Therapeutics. The fourth quarter of last year was the first time we reported a gross profit for Afrezza and we ended the year with a strong cash position thanks to the United Therapeutics deal and a public offering of common stock and warrants in December."
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