Baystreet Staff -

3 Healthcare Stocks Trending Higher On News

[ACCESSWIRE]

CORAL GABLES, FL / ACCESSWIRE / October 23, 2018 / This week has some of the most notable earnings reports being released for the quarter. Though the markets have pulled back from their previous highs, positive earnings have helped give a boost to certain sectors. Technology has been one of these sectors and more specifically, technology related to healthcare has captured new attention in the markets. Today, we're exploring 3 stocks to watch that are focusing on building their business in the health related markets including Premier Health Group, Inc. ( PHGRF)(PHGI.CN), Symbililty Solutions Inc. (TSX-V: SY.V)(OTC PINK: ATBEF), and CASI Pharmaceuticals, Inc. (NASDAQ: CASI).

Premier Health Group, Inc. (PHGRF)(PHGI.CN)’s subsidiary, HealthVue is focused on developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics with telemedicine and artificial intelligence. The company currently has an ecosystem of over 100,000 active patients and according to Premier Health, it plans to rapidly increase that number both domestically and internationally.

According to HealthVue, Approximately 15% of Canadians aged 12 and older don’t have a primary care physician. Nearly two-thirds (59%) of seniors are unable to get a same-or next-day appointment. Almost 7 in 10 Canadians avoid seeing a doctor when they are sick. With new access to things like the telemedicine technology that HealthVue offers, the technology allows users to see virtual HealthVue doctor through the telemedicine app/website (Government funded in BC, therefore no additional cost to the patient). Furthermore, prescriptions for users can be electronically submitted to the pharmacy of their choice or delivered free to them by a preferred pharmacy partner.

Premier Health Group, Inc. (PHGRF)(PHGI.CN), has managed to hit trading levels as high as CAD$0.88 this month. The company announced that just this week its common shares that are traded on the OTC Markets Group Inc.'s OTCQB Venture Market in the United States, under the symbol " PHGRF," are now Depository Trust Company eligible. This was effective October 22, 2018 and allows Premier Health shares to be more easily and economically transferred between brokerage accounts electronically within the United States

For More Information On Premier Health Group, Click Here

Symbililty Solutions Inc. (TSX-V: SY.V)(OTC PINK: ATBEF) has traded higher today. CoreLogic (CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, recently announced the Company has entered into a definitive agreement to acquire the outstanding shares of Symbililty Solutions Inc. (SY.V) not already owned by CoreLogic. CoreLogic currently holds approximately a 28% ownership interest in Symbility.

"Symbility expands our footprint in property and casualty insurance domestically and in key markets around the globe. Further scaling our insurance and international footprint offers the potential for significant non-cyclical growth in line with our long-term goal of sourcing at least 50% of our revenues from non-U.S. mortgage. In addition to the obvious financial benefits and synergies, the combination of CoreLogic and Symbility should yield significant future growth opportunities through the introduction of new products, services and workflow tools which draw from a wide range of unmatched gold-standard data assets, platforms and analytical capabilities," said Frank Martell, President and Chief Executive Officer of CoreLogic.

For More Information On Symbility, Click Here

CASI Pharmaceuticals, Inc. (NASDAQ: CASI) has also rallied on Tuesday. The company is a biopharmaceutical company focused on the acquisition, development, and commercialization of quality pharmaceuticals and innovative therapeutics addressing cancer and other unmet medical needs for the global market, with a focus on greater China and the U.S

CASI’s product portfolio includes (1) EVOMELA® (melphalan) for injection, MARQIBO®, (vinCRIStine sulfate LIPOSOME injection), ZEVALIN®, (ibritumomab tiuxetan), all U.S. Food and Drug Administration (FDA) approved drugs in-licensed from Spectrum Pharmaceuticals, Inc. for China regional rights that are currently in various stages in the regulatory and clinical process for market approval in China, (2) ENMD-2076 (Phase 2) (3) entecavir for hepatitis B and the other U.S. ANDA products, (4) CASI-001 and CASI-002, proprietary immuno-oncology preclinical candidates.

CASI announced today that it that has acquired a U.S. FDA-approved abbreviated new drug application (ANDA) from Laurus Labs Limited. The drug, tenofovir disoproxil fumarate (TDF), is indicated for the treatment of hepatitis B virus (HBV).

Wei-Wu He, Ph.D., CASI's Executive Chairman commented, "The acquisition of this ANDA from Laurus enhances our robust and emergent pipeline and is consistent with our broader mission to commercialize U.S. FDA approved drugs in China. The regulatory landscape in China is rapidly evolving to provide patients with quicker and more affordable access to high-quality medicines and we believe CASI is well positioned with infrastructure and leadership to launch products from our ANDA portfolio rapidly and efficiently."

For More Information On CASI, Click Here

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