Provectus Biopharmaceuticals Slides on PV-10 Status Change; PetSmart Sinks to New 52-Week Low

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Provectus Biopharmaceuticals Slides on PV-10 Status Change; PetSmart Sinks to New 52-Week Low

Provectus Biopharmaceuticals, Inc. (NYSE: PVCT) changed its website to say PV-10 is an "investigational drug for cancer" after the company had previously called it a "breakthrough cancer drug." Provectus was supposed to get a response from the FDA this week about its request to grant PV-10 Breakthrough Therapy status for skin cancer. The company has said not announced anything about the FDA's response.

Provectus Biopharmaceuticals, Inc., a development-stage biopharmaceutical company, is engaged in developing pharmaceuticals for oncology and dermatology indications. The company’s product line includes PV-10, which has completed Phase II study for metastatic melanoma; completed a Phase I study for breast cancer; and is in Phase I protocol expansion for liver metastasis, as well as initiated a Phase I feasibility study to detect immune cell infiltration into melanomas.

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PetSmart, Inc. (NASDAQ: PETM) shares sank after the company reported mixed first quarter results and also issued weaker than expected profit outlooks for the second quarter and for fiscal 2014. First quarter earnings per share came in at $1.04 and revenue was reported at $1.7 billion. This is compared to expectations of $1.01 and $1.77 billion, respectively. PetSmart has forecast 2nd quarter EPS of 92c-96c, which fell short of the consensus of $1.00. For FY14, the company forecast EPS of $4.29-$4.39, compared to consensus of $4.45.

PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. The company offers consumables, such as pet food, treats, and litter; and hardgoods, which include pet supplies and other goods comprising collars, leashes, health care supplies, grooming and beauty aids, toys, apparel, and pet beds and carriers, as well as aquariums and habitats, accessories, décor, and filters for fish, birds, reptiles, and other small pets. It also provides fresh-water fish, small birds, reptiles, and small pets; and pet services, such as dog training, pet grooming, and pet adoption services.

Get more information on PetSmart, Inc. and free access to the in depth equity report at”


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