Biopharma Penny Stock Surges on Alzheimer’s Patent

ProMIS Neurosciences (TSE:PMN), a biopharma penny stock, advanced after announcing that it has identified a fifth novel therapeutic target

Sean Mason | June 21, 2016 | SmallCapPower

A therapeutic target for the treatment of Alzheimer’s disease boosted a biopharma penny stock Tuesday. Here’s some small stocks making big moves on Tuesday, June 21, 2016 (as of 4 pm EST):

PMN logoBiopharma penny stock ProMIS Neurosciences (TSE:PMN) shares shot up 77% to $0.195 on Tuesday after the drug development company announced that it has identified and submitted a provisional patent application for a fifth novel therapeutic target on prion-like strains of misfolded Amyloid beta, implicated in the development and progression of Alzheimer’s disease.

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As well, shares of Dundee Precious Metals Inc. (TSX:DPM) slipped 9% to $2.97 as the international gold mining company said it has entered into a $50 million bought deal financing agreement at a price of $3 per share.

Helius Medical Technologies, Inc. (TSE:HSM), meanwhile, reported positive results of a case series of individuals with advanced symptoms of Multiple Sclerosis treated with PoNS Therapy. Helius Medical Technologies stock moved up 7% to $1.30 following the announcement.

Finally, Noram Ventures Inc. (CVE:NRM) shares gained 25% to $0.075 after the junior explorer announced that it is expanding the surface and sub-surface sampling being conducted on its South Block Extension to include its Zeus and Spartan lithium brine/clay claim groups.

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