US Stocks That Surged Higher This Week: $CANF $AAOI $BNGO

US Stocks That Surged Higher This Week: $CANF $AAOI $BNGO

Aug 02, 2020 (The Market Signal via Comtex) —

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CAN FITE BIOPHARMA reports positive data from Phase-II study of fatty liver drug, Namodenoson

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CAN FITE BIOPHARMA (NYSE:CANF) proliferated 11.24% since last week. The company, on June 30 announced its final data analysis of the NASH study, which is in Phase-II. The company announced that it observed positive data, where there was sustained reduction and highly efficient too, in the volume of fat liver, across the study duration.

The company is conducting this study for the drug, namodenoson which is showing continuous safety profile. Namodenoson is the oral small molecule drug, which is generically called Cl-IB-MECA. The results from company’s study show that 25 mg of the drug shows considerably efficiency and safety and is seen as the optimal dose, depending upon liver enzymes and MRI-PDFF analysis.

Applied Optoelectronics Inc brings on board Elizabeth G. Loboa to serve on company’s Audit Committee

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Applied Optoelectronics Inc (NASDAQ:AAOI) has pumped 10.92% over the last one week. The company, on June 25 extended its board by making a new addition to the team. At the annual general meeting of shareholders held on June 4, 2020, the Board appointed Elizabeth G. Loboa to serve on company’s Audit Committee. She succeeds Alan Moore, who had been the board member since March 2013.

The CEO and chairman of the company, Dr. Thompson Lin stated, “Elizabeth brings valuable and complementary skills and expertise to our Board, and we are very excited to welcome her.”

BioNano Genomics Inc shipped 116 Saphyr instruments since its commercial launch through March 2020

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A life sciences instrumentation company, BioNano Genomics Inc (NASDAQ:BNGO) rolled up 13.33% since last Monday. The company recently announced its first quarter financial results for the period ended March 31, 2020.

The company reported that from the period of January 1- June 18, 2020, the company has processed 416 customer samples, in comparison with the 212 samples processed in previous year. Since the commercial launch of Saphyr, the company has shipped 116 Saphyr instruments, out of which 83 have been installed.

Additionally, the company retired its term loan debt of $2.1 million in March 2020, while $2.9 million was settled in April 2020.

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