Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
Shares of Tiziana Life Sciences PLC (LON: TILS) fell 4.67% after releasing its half-year results showing immense progress in developing its leading drug candidate Forulamab.
The biotech company noted that it had successfully demonstrated that the drug could be administered nasally to directly target the local and lymphatic immune systems.
According to the data collected from clinical and pre-clinical studies, the nasal administration of Forulamab can induce site targeted immunomodulation and anti-inflammatory effects.
Tiziana further revealed that Foralumab trials had generated pharmacodynamic data points within a clinical dose range that the firm intends to test among multiple sclerosis patients.
The firm is also in phase II proof-of-concept testing of Forulamab’s effectiveness in treating COVID-19 patients within a hospital environment.
Tiziana recently agreed to a partnership with Precision Biosciences to assess whether Foralumab can be used to improve the long-term effects of CAR-T therapy.
The biotech firm reported £38.6 million cash at the bank as of June 30, 2021, but clarified that it is still carefully managing its working capital position.
Tiziana also revealed that it made a £12.6 million loss during the six months due to its massive investments in its research and development activities.
Tiziana share price.
Tiziana shares fell 4.67% to trade at 51p, falling from Friday’s closing price of 53.50p.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .