Health Care Stocks Making Moves On Friday; Premier Health Group, Inc. (PHGRF) (PHGI), Sellas Life Sciences, Teladoc
CORAL GABLES, FL / ACCESSWIRE / November 9, 2018 / Health care become a key issue this year, with 41% of voters saying it was their No. 1 concern in the election, followed by immigration, the economy, and gun control, according to an NBC News exit poll.
Democrats, who pushed a health-care message during midterms, flipped enough seats to take the House majority away from Republicans in Tuesday's election. Now with a Democrat-controlled House and Republican-majority Senate, it is unlikely that Republicans will revive a push to repeal and replace the landmark healthcare law. And investors appear to appreciate the newfound stability to markets that have long been characterized by uncertainty. With these newest developments beginning to emerge, companies in focus today include Premier Health Group, Inc. (PHGRF) (PHGI), SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) and Teladoc Health, Inc. (NYSE: TDOC)
In October, Premier Health Group, Inc. (PHGRF) (PHGI) announced that it has selected Reliq Health Technologies Inc. as its exclusive technology partner. Reliq will be providing Premier's subsidiary, HealthVue, primary care clinics with a HealthVue-branded telemedicine, remote monitoring & AI solution for its clinical staff and more than 100,000 active patients. Premier Health Group, Inc. (PHGRF) (PHGI) is focused on developing innovative approaches that combine human skill-based expertise with emerging technologies for the healthcare industry. The company has recently seen market activity that is higher than average and could be attributed to the company's most recent announcements.
Premier Health Group, Inc. (PHGRF) (PHGI) announced this week that as a part of its expansion plans it will enter the Pharmacy market via acquisition and/or launching a new Canada based pharmacy in H1-2019. With Premier's acquisition of HealthVue Medical Clinics in August, this could be the next phase of growth for the company.
Premier Health Group, Inc. (PHGRF) (PHGI) has already seen strong movement during the early morning session on Thursday and shares managed to briefly hit highs of $0.81 this week.
Sellas Life Sciences Group (SLS) saw its shares gap up during premarket hours on Friday morning. Sellas is a clinical-stage biopharmaceutical company focused on the development of novel cancer immunotherapies for a broad range of cancer indications. This morning Sellas announced data from a preplanned secondary efficacy analysis across human leukocyte antigen (HLA) allele subgroups from the prospective, randomized, single-blinded, controlled Phase 2b independent investigator-sponsored clinical trial of the combination of nelipepimut-S (NeuVax™, NPS) +/- trastuzumab (Herceptin®) targeting HER2 low-expressing breast cancer patient cohorts. The data are being presented at the 33rd Annual Meeting of the Society for Immunotherapy of Cancer (SITC), being held November 7 -11, 2018.
"These data not only confirm the clinical effect of the NPS plus trastuzumab combination in TNBC, which we recently announced at ESMO with a p-value of 0.013 and a 75% relative reduction in the risk of relapse or death, but also positions NPS biologically as an agent that could potentially be used globally, considering the high prevalence of the HLA-A24 allele in populations across the Pacific basin and Asia. We are scheduled to meet with the U.S. regulatory authorities in December 2018 on the most optimal and expeditious development path for NPS in TNBC, and continue to advance ongoing interactions with potential partners," said Dr. Angelos Stergiou, MD, ScD h.c., President and Chief Executive Officer of SELLAS.
Teladoc Health, Inc. (TDOC) reported earnings this month. Jason Gorevic, Teladoc Health's chief executive officer said, "Teladoc Health delivered very strong third quarter results. We carry significant momentum into the end of the year, as demand for our comprehensive suite of virtual care services is robust across channels and geographies. We have a tremendous growth opportunity in front of us as the entry point into the health care system where individuals can go for guided access to a fully integrated, high-quality care experience."
Teladoc has also announced the appointment of Mark Douglas Smith, MD, MBA, to its board of directors earlier this month. Dr. Smith is a professor of clinical medicine at the University of California at San Francisco (UCSF) and a nationally-recognized health policy and delivery system expert.
"Mark is a distinguished physician and healthcare leader with a passion for assuring access to care for all, and we are pleased to welcome him to the Teladoc Health board," said Jason Gorevic, Teladoc Health CEO. "Mark's accomplished background complements our mission and enduring commitment to transform the care experience."
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