#7 - Heat Biologics (NYSE:NHWK)
If you’re interested in taking a flier on a penny stock, a candidate may be Heat Biologics (NASDAQ:HTBX). HTBX stock is up nearly 30% for the year. The reason is that it’s coronavirus vaccine candidate has been added to the World Health Organization’s (WHO) “draft landscape” of candidate vaccines. That makes Heat one of 41 possible vaccines in development.
Being one of 41 candidates is unremarkable. Like Inovio, there is no guarantee that Heat’s vaccine will pass muster. However, the company did join the Alliance for Biosecurity. Joining the alliance may help Heat “secure government funding to support its rapid development, production and distribution” of its coronavirus vaccine.
But the WHO designation will also benefit Heat for another reason. The United States government is pledging to throw $8 billion dollars to fight the spread of the virus. That money isn’t going to be sent to companies with unproven technologies. Being on the WHO list of approved vaccines makes it more likely that Heat will be a beneficiary.
About NightHawk Biosciences
NightHawk Biosciences, Inc, an integrated biopharmaceutical company, develops, manufactures, and commercializes medical countermeasures that combat unmet and emerging biothreats. The company develops ANTHIM (obiltoxaximab), a monoclonal antibody antitoxin for the treatment of inhalational anthrax. The company was formerly known as Heat Biologics, Inc and changed its name to NightHawk Biosciences, Inc in May 2022.
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- Consensus Rating
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- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
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