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US Stocks That Surged Higher In the Last Six Months: $TLSA $ARCT $OBCI

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Tiziana Close $57.25 Million Offering

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Tiziana Life Sciences ADR (NASDAQ:TLSA) has surged over 468.49% in the last six months. The biotech company has announced the closing of a $57.25 million direct offering of American Depositary Shares. Tiziana announced the issuing of around 11 million ADSs at $5.2 per ADS for gross proceeds of $57.25 million. Each ADS Tiziana issued represents 2 ordinary shares.

Recently the company announced the submission of a patent application for the use of Foralumab in enhancing CAR-T therapy for cancer patients and other diseases. Most importantly this patent application highlights associated inventions of improving CAT-T survival or expansion through Foralumab the anti-CD3 monoclonal antibody used either in combination with co-stimulatory molecules or alone. Dr. Shailubhai the CSO and CEO of the company stated that they are developing nasal and oral Foralumab administrations for Crohn's disease treatment and advanced multiple sclerosis.

Arcturus Therapeutics Closes Offering of 3.75 Million Shares

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In the last six months, Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) has gained 402.06%. The company is scheduled to release its financial results for Q2 2020 on August 10 after the market close and also offers a corporate update. Arcturus finalized the closing of its previously announced offering of 3.753 million shares of its common stock at $53.0 per share which includes the exercise option of underwriters to buy another 489,622 common shares. Net proceeds from the Offering will be used in developing, testing and the manufacture of t6he LUNAR-COV19 vaccine candidate as well as the clinical development of LUNAR-OTC and advancing the LUNAR-CV, LUNAR-CF and LUNAR-FLU programs.

Ocean Bio-Chem Commissions new production line for Performacide(R)

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another stock that has surged in the last six months is Ocean Bio-Chem, Inc. (NASDAQ:OBCI) which is up 394.82%. Ocean Bio-Chem announced that its subsidiary, Kinpak Inc. has launched a third production line for the manufacture of its sanitizer/disinfectant product Performacide(R). The EPA-approved Performacide(R) disinfectant kills the COVID-19 on surfaces. The CEO of the company Peter Dornau said that the production line is operational and they expect sales growth of performacide(R) in Q3 2020 compared to Q2.

Recently the company reported 44% YoY net sales growth in Q2 and 18% for the first half of the year. Net sales were $15.7 million in Q2 2020 compared to $10.9 million in Q2 2019. For the first half of 2020 net sales were around $23.5 million.

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The post US Stocks That Surged Higher In the Last Six Months: $TLSA $ARCT $OBCI appeared first on The Market Signals.

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