Profile
Sector:
HealthcareIndustry:
BiotechnologyCountry:
United StatesIPO:
26 January 2023Website:
http://www.genelux.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
regular market | 9 min agoDividend
Analysts recommendations
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GNLX Latest News
WESTLAKE VILLAGE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Genelux Corporation (NASDAQ: GNLX), a late clinical-stage immuno-oncology company, today announced that Thomas Zindrick, President, CEO and Chairman, will discuss clinical-stage programs, recent announcements, and upcoming milestones in a fireside chat at BTIG's Virtual Biotechnology Conference 2024.
WESTLAKE VILLAGE, Calif., May 24, 2024 (GLOBE NEWSWIRE) -- Genelux Corporation (Genelux) (Nasdaq: GNLX), a late clinical-stage immuno-oncology company, today announced the pricing of an underwritten offering of 6,875,000 shares of its common stock and accompanying warrants to purchase 6,875,000 shares of its common stock at a combined offering price of $4.00 per share and accompanying warrant, in each case before underwriting discounts and commissions.
Genelux Corporation (GNLX) appears to be oversold at the moment, suggesting that the recent selling pressure may have subsided. This, combined with analysts' optimistic outlook on earnings, could potentially signal a turnaround in the stock's performance.
Genelux Corporation (GNLX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Genelux Corporation (GNLX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Genelux recently announced management changes. The company's lead therapy is oncology treatment Olvi-Vec.
Genelux, an immuno-oncology frontrunner, has secured over $65 million in financing and is conducting successful clinical trials for its primary candidate, Olvi-Vec, a cancer treatment that targets and destroys cancer cells. The company recently raised $18 million through the private placement of 900,000 shares, and its cash runway is projected to extend into Q1 2026, allowing it to pursue its objectives and strategies. Genelux's Olvi-Vec has shown promising results in clinical trials, demonstrating its capacity to penetrate and multiply within distant tumor sites.
Genelux focuses on hard-to-treat cancers. Its lead therapy is Olvi-Vec, which did well in a phase 2 trial to treat ovarian cancer.
GNLX IPO-ed recently, but the company has been around for two decades. The company develops an oncolytic virus targeting cancer.
What type of business is Genelux?
Genelux Corporation, a clinical-stage biopharmaceutical company, focuses on developing next-generation oncolytic viral immunotherapies for patients suffering from aggressive and/or difficult-to-treat solid tumor types. Its lead product candidate is Olvi-Vec, a proprietary modified strain of the vaccinia virus for the treatment of ovarian cancer and non-small cell lung cancer. The company is also developing V2ACT Immunotherapy for treating pancreatic cancer. Genelux Corporation has a licensing agreement with ELIAS Animal Health, LLC for V-VET1, a clinical stage animal health product candidate. The company was incorporated in 2001 and is headquartered in Westlake Village, California.
What sector is Genelux in?
Genelux is in the Healthcare sector
What industry is Genelux in?
Genelux is in the Biotechnology industry
What country is Genelux from?
Genelux is headquartered in United States
When did Genelux go public?
Genelux initial public offering (IPO) was on 26 January 2023
What is Genelux website?
https://www.genelux.com
Is Genelux in the S&P 500?
No, Genelux is not included in the S&P 500 index
Is Genelux in the NASDAQ 100?
No, Genelux is not included in the NASDAQ 100 index
Is Genelux in the Dow Jones?
No, Genelux is not included in the Dow Jones index
When was Genelux the previous earnings report?
No data
When does Genelux earnings report?
Next earnings report date is not announced yet