Genprex (GNPX) is a Small Cap Company in the Genetics Sector Working with Big Pharma and Generating Big Potential
“Groundbreaking, potentially curative gene therapy shown to transform alpha cells in the pancreas into functional beta-like cells is potentially applicable to both Type 1 and Type 2 diabetes”
Good day everyone,
We are updating our coverage of Genprex, Inc. (NASDAQ: GNPX), a clinical stage gene therapy company involved in developing various approaches to treating cancer and diabetes.
Current price $3.79 per share
Outstanding shares (est.) 43.2M
Shares in Float (est.) 33.7M
Insider ownership 17.4%
Institutional ownership 18.6%
We last issued a report on GNPX December 21st of 2020. At that time, the company shares were at $3.50 and gained 41% over two days. By February 8th, 2021 GNPX shares reached a high of $7.72/share. With the current share price, and new developments at the company we believe similar movements in the share price could come near term.
The company stock chart indicates that GNPX shares have fallen below their 50 DMA and 200 DMA of $4.55 and $4.07, respectively. The current RSI (14) is 40.56. These data can be indicators of oversold shares. The company’s stock performance this year, and the absence any adverse events, may indicate the potential for a large near-term gain.
Since February, the company shares have consolidated, and we want to note that according to shortsqueeze.com there are 4.17M GNPX shares shorted or 12.3% of the public float.
The leading-edge technology offered by GNPX, in the field of genetics, is being watched by many in the biopharma sector, not only because of the genes there are developing, but because of their proprietary gene delivery system. Companies such as Astra Zeneca, Merck, and Genentech have programs working with GNPX.
Inclusion in the Russell 3000 Index has increased Genprex’s visibility among institutional investors, money managers, and index funds. On February 5, 2021 Blackrock, Inc. increased its holdings in GNPX to 4.9% of the outstanding shares (marketbeat.com).
GNPXs lead product candidate is REQORSA (Tusc2 gene)
REQORSA™ immunogene therapy for non-small cell lung cancer (NSCLC), uses the company’s unique, proprietary ONCOPREX® nanoparticle delivery system which delivers cancer-fighting genes by encapsulating them into nanoscale hollow spheres called nanoparticles, which are then administered intravenously and taken up by tumor cells where they express proteins that are missing or found in low quantities.
In a recent development announced April 12th, Genprex collaborators reported positive preclinical data for REQORSA™
Rodney Varner, President and Chief Executive Officer of Genprex said. “We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA in combination with immunotherapies and targeted therapies may provide enhanced efficacy in NSCLC that has become resistant to these regimens, offering hope to a large patient population who currently has limited treatment options.”
Diabetes gene therapy, GPX-002 (Recent news April 20th, 2021)
Genprex to Receive Inaugural “License of the Year” Award from University of Pittsburgh Innovation Institute in Recognition of Advances Made with Gene Therapy Program in Diabetes
Groundbreaking, potentially curative gene therapy shown to transform alpha cells in the pancreas into functional beta-like cells is potentially applicable to both Type 1 and Type 2 diabetes
The company has signed a licensing agreement with the University of Pittsburgh for a diabetes gene therapy that could have the potential to cure Type 1 and Type 2 diabetes. The gene therapy, developed at the Rangos Research Center at UPMC Children’s Hospital of Pittsburgh, works by reprogramming beta cells in the pancreas to restore their function, allowing them to replenish insulin levels.
Considerations:
Tiny float
Trading 50% off its February high
High insider and institutional ownership
Jan-26-21 National Securities Buy $7.00/share target.
Stay tuned for our full report on GNPX with more information on their pipeline.
Together we’re strong,
The Traders News Group
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