Biopharma Stock Rises on Clinical Update

Tetra Bio-Pharma Inc. (TSXV:TBP), a biopharma stock, moved up after announcing that it is ready to resume its Phase 3 clinical program

Sean Mason | April 9, 2019 | SmallCapPower

A pain study update provided a lift to a Canadian biopharma stock Tuesday. Here’s some small stocks making big moves on Tuesday, April 9, 2019 (as of 4 pm EST):

Tetra Bio-Pharma Inc. (TSXV:TBP), a biopharma stock, gained 11% to $0.71 on Tuesday after announcing that it is ready to resume its Phase 3 clinical program in advanced cancer pain patients with the objective to assess Health-Related Quality of Life.

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As well, shares of Erin Ventures Inc. (TSXV:EV) slid 21% to $0.095 as the junior explorer said InvestCo has informed the Company that it is unable to exercise the funding option for the development of Erin’s Piskanja boron project as a result of InvestCo’s imminent internal corporate restructuring.

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Liberty Defense Holdings, Ltd. (TSXV:SCAN) stock, meanwhile, commenced trading on the TSX Venture Exchange on Tuesday. Liberty Defense Holdings is a security solutions and technology company for concealed weapons detection.

Finally, Khiron Life Sciences Corp. (TSXV:KHRN) shares eased 1% to $3.54 after the Latin America-focused medical cannabis company announced that it has agreed to acquire NettaGrowth International Inc., a Uruguayan company that has obtained the first license to produce and export medical cannabis with THC for commercialization in Uruguay, in consideration for 8,498,821 Khiron common shares at a deemed price of $1.61 per common share.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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