EntreMed, Inc. (ENMD) news stock charts
EntreMed, Inc. (ENMD) Investment Summary:
EntreMed, Inc. (“EntreMed” or “the Company”) (Nasdaq: ENMD) is a clinical-stage pharmaceutical company focused on developing multi-mechanism oncology drugs that target disease cells and the blood vessels that nourish them. We are focused on developing drugs that we believe are safe and convenient, and provide the potential for improved patient outcomes. Our goal is to develop and commercialize therapeutics based on our scientific expertise in angiogenesis, cell cycle regulation and inflammation — processes vital to the progression of cancer and other diseases. This expertise has also led to the identification of new molecules, including new chemical entities derived from 2ME2 (2-methoxyestradiol), as well as new chemical entities associated with multi-kinase inhibition and histone deactylase (HDAC) inhibition, important targets in the treatment of oncology. We currently have four product candidates in clinical development that are based on these mechanisms. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f06%2f0000950133-08-000975.html#FIS_BUSINESS"ENTREMED INC (ENMD:NASDAQ)
Snapshot of ENTREMED INC (ENMD)
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OPEN
$0.76
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PREVIOUS CLOSE
$0.73
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DAY HIGH
$0.76
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DAY LOW
$0.72
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52 WEEK HIGH
11/12/09 - $1.53
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52 WEEK LOW
03/20/09 - $0.17
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MARKET CAP
64.0M
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AVERAGE VOLUME 10 D
152.9K
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EPS TTM
$-0.10
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SHARES OUTSTANDING
88.7M
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ENMD Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for ENTREMED INC (ENMD)
EntreMed Inc. announced that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for the company's oncology drug candidate, ENMD-2076, for the treatment of acute myeloid leukemia (AML). The FDA accepted EntreMed's application upon review of preclinical data as well as initial data from its ongoing Phase 1 clinical study with ENMD-2076 in patients with relapsed or refractory acute myeloid leukemia (AML). As previously presented, initial results from the Phase 1 study demonstrated that ENMD-2076, administered orally as a single agent, was well tolerated in this patient population. The data for 15 evaluable AML patients showed that one patient achieved a CRi (complete remission with incomplete hematological recovery) and two patients achieved a morphologic leukemia-free state (MLFS). Three additional patients participating in the study experienced 11%, 14% and 65% reductions in marrow blast count. Orphan drug is a designation by the U.S. Food and Drug Administration indicating a therapy developed to treat diseases that affect fewer than 200,000 persons in the United States.
On January 19, 2010, EntreMed Inc. received a NASDAQ Staff Determination letter indicating that the Company failed to comply with NASDAQ Listing Rule 5450(a)(1) for continued listing on The NASDAQ Capital Market. Rule 5450(a)(1) requires that a listed company maintain a minimum closing bid price of at least $1 per share. The Company had initially been notified by NASDAQ of such minimum bid price deficiency on April 4, 2008, as previously announced on a Current Report on Form 8-K. As a result of suspensions by NASDAQ of enforcement of the bid price due to extraordinary market conditions, the Company had until January 15, 2010 to regain compliance. As the Company has not regained compliance with such NASDAQ rule, the NASDAQ Staff has determined to delist its securities from the NASDAQ Capital Market on January 28, 2010, unless the Company requests an appeal of the determination. On January 20, 2010, the Company filed an appeal of the Staff's determination to a NASDAQ Hearings Panel (the Panel), pursuant to the procedures set forth in the NASDAQ Marketplace Rules. The hearing request will stay the delisting of the Companys securities pending the Panel's decision. The Company expects to provide the Panel with a plan of action, with the intention of returning to compliance with NASDAQs requirements.
EntreMed Inc. expects a drop in fourth quarter and projected revenue for fiscal 2009.
EntreMed, Inc. financial resources
ENMD Competitors
| Company | Last | Change |
| Celgene Corp | $64.97 USD | -0.05 |
| Eisai Co Ltd | ¥3,640 JPY | +40.00 |
| Gentium SpA | $2.61 USD | +0.98 |
| Genzyme Corp | $59.02 USD | +1.61 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | ENMD | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 8.4x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 5.7x |
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ENMD |
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ENMD transactions
| Type Date |
Target |
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Private Placement
February 3, 2010 |
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Private Placement
January 8, 2010 |
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More Recent Financial News About EntreMed, Inc.
EntreMed Raises Additional $2.5 Million In Registered Direct Offering
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EntreMed Raises Additional $2.5 Million In Registered Direct Offering
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ENTREMED INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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EntreMed Receives NASDAQ Staff Determination Letter Regarding Noncompliance with Minimum Bid Price Rule and Requests Hearing
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EntreMed Receives NASDAQ Staff Determination Letter Regarding Noncompliance with Minimum Bid Price Rule and Requests Hearing
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ENTREMED INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tran
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EntreMed Completes Registered Direct Offering of $2.5 Million in Common Stock
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EntreMed Reports Receipt of Third Quarter Royalty Payment
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EntreMed Completes Registered Direct Offering of $2.5 Million in Common Stock
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ENTREMED INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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EntreMed Reports Receipt of Third Quarter Royalty Payment
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ENTREMED INC Files SEC form 8-K, Results of Operations and Financial Condition
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Data for EntreMed's ENMD-2076 to Be Presented at the Upcoming AACR-NCI-EORTC Conference
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ENTREMED INC Files SEC form 8-K, Results of Operations and Financial Condition
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EntreMed Reports Third Quarter 2009 Financial Results
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