Nascent Biotech, Inc. (OTCQB: NBIO)
Nascent Biotech Inc. (OTCQB: NBIO)
THIS CANCER RESEARCH MICROCAP HAS A DRUG IN TESTING WITH INDICATIONS FOR USE AGAINST COVID-19
Nascent Biotech, Inc. (OTCQB: NBIO) is a clinical-stage biopharmaceutical company focused on cancer research, particularly with respect to cancers that affect the brain. NBIO develops human antibodies and cytokine responses for the treatment of various forms of cancer and the antibodies have strong antiviral applications as well. While brain cancers were always the core research focus, its monoclonal antibodies are intended to treat malignancies, such as glioblastoma and malignant astrocytoma, lung and breast cancer metastases to the brain, pancreatic cancer, and as importantly, viruses like COVID-19.
Key Metrics @ 7/20/2020
|52 Week Range||$0.052 to $0.35|
|Shares in the Float||26.69M|
|% Held by Insiders||33.92%|
|Common Shares Authorized||500M|
|Average Daily Volume: 10 Day||148,250|
|Reporting Status||SEC Reporting|
|Most Recent Filing: 10-K for 03/31/20||Filed: 06/22/2020|
(Source: OTC Markets, Yahoo Finance, SEC filings)
Corporate News and Market Drivers
SAN DIEGO, June 17, 2020 (GLOBE NEWSWIRE) — Nascent Biotech, Inc. (OTCQB: NBIO), today announced after receiving early In-Vitro study results Pritumumab, (PTB), will be advanced to laboratory-based animal studies. Nascent founder and Advisory Board Chairman Dr. Mark Glassy commented, “The laboratory results were consistent with our Brain Cancer in vitro studies and this is the next step in investigational development of PTB as potential use with COVID-19 and related Viral Infections.”
- Nascent Biotech’s CEO Provides Corporate Updates on Phase I Brain Cancer Trial and COVID-19 Development Initiative on SNN Network:
SAN DIEGO, CA / ACCESSWIRE / June 3, 2020 / Nascent Biotech, Inc (OTCQB:NBIO) (the “Company” or “Nascent”) is pleased to provide a corporate update and summary with a recent interview the Company’s CEO, Sean Carrick, presented on SNN Network. The complete interview may be seen on the SNN Network at https://www.youtube.com/watch?v=bq-iWU9Ss_E&t=93s.
San Diego, CA, Jan. 15, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Nascent Biotech, Inc. (OTCQB: NBIO), an emerging biotech company, with IND Clearance and IRB approval to begin Clinical trials for Brain Cancer, is very pleased to announce that Marble Arch Research Inc., a leading independent equity research provider, has produced a new investment research report on the Company.
The updated report provides an overview of recent events, new initiatives, and the Company’s valuation relative to its peer group. The sponsored research update also carries a rating and a price target and can be accessed and requested by email at [email protected]
Marble Arch Research notes that, “With a number of competitive advantages in the space, Nascent’s Primary Asset, Pritumumab, has several additional promising indications, a strong IP portfolio, and with beginning Phase I clinical studies, we believe that Nascent Biotech can enjoy hockey-stick type growth in the stock price within the next 3-6 months.”
Bottom Line Observation
In a coverage initiation report issued by Marble Arch Research, Inc., Robert Sassoon, Senior Analyst on January 14, 2020, the analyst rated NBIO as a Speculative Buy with a Price Target Range of $0.38 to $0.76
To get a copy of the report, email [email protected]
NBIO has seen an upward movement from $0.10/share on 01/02/2020 to a 52-week high of $0.35 on 3/30/2020… approaching the lower range of Marble Arch’s price target…only to work its way back down to today’s close at $0.0932.
I’d suggest that if you like what you read about NBIO, this looks like a pretty good entry point to start accumulating shares.
I haven’t been following NBIO as closely as some other microcaps, but they certainly appear to have a committed senior management team; evidenced by the fact that the CEO, CFO and Executive VP just converted over $1.1 million of company liability to them into common stock.
And, the guys closest to the Company ought to know what they’re talking about…here’s some comments worth considering:
Nascent Executive Vice President of Business Development Brandon Price stated, “My strong belief in the Company, and the clinical value of our Pritumumab treatment for brain cancer, compel me to further take a position in its future and help advance our asset.”
Nascent CFO Lowell Holden stated, “I believe the Company has continued to be undervalued and is now positioned to add significant value. The IND clearance by the FDA, along with the pending clinical trials, gives me confidence in its growth.”
Nascent CEO Sean Carrick added, “The confidence in the Company by the management team, with their dedication and financial support, should positively impact our shareholders and the market as we continue our effort to monetize Nascent’s assets.”
By Mike Casson,
Executive Editor and Senior Analyst
About Nascent Biotech, Inc.:
Nascent Biotech, Inc is a clinical-stage biotech company engaged in the development of monoclonal antibodies to be used in the treatment of various cancers with an IND application before the FDA required for Clinical trials. Its products are not commercially available. For further information please visit our website www.nascentbiotech.com.
President | CEO
Nascent Biotech, Inc.
330 Nancy Ridge Dr
San Diego CA 92121
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