February 5, 2012 11:39 AM | 2 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Threshold PharmaceuticalsShares of Threshold Pharmaceuticals (NASDAQ: THLD), the Redwood City, CA biotechnology company, rose 131% Friday on 38 times the average daily volume.Threshold Pharmaceuticals announced Friday that a global agreement was signed with Merck KGaA, Darmstadt, Germany, to co-develop and commercialize TH-302, Threshold's small molecule hypoxia-targeted drug. TH-302 is currently being investigated in a global Phase 3 clinical trial in patients with soft tissue sarcoma, a randomized Phase 2 trial in patients with advanced pancreatic cancer from which top-line results are expected in February, as well as additional clinical studies in other solid tumors and hematological malignancies.Under the terms of the agreement, Merck will receive co-development rights, exclusive global commercialization rights and will provide Threshold an option to co-commercialize the therapeutic in the United States. In exchange, Threshold will receive an upfront payment of $25 million and could receive up to $35 million in additional development milestones during 2012. Threshold is also eligible to receive a $20 million milestone payment based on positive results from its randomized Phase 2 trial in pancreatic cancer. Total potential milestone payments are $525 million, comprised of $280 million in regulatory and development milestones and $245 million in sales-based milestones. Threshold Pharmaceuticals closed at $2.99 on Friday.
SNAP InteractiveShares of SNAP Interactive (STVI), the New York City developer of online dating applications for social networking, rose 10% Friday on 11 times the average daily volume.Wednesday's Facebook IPO filing gave a boost to many social networking-related stocks over the past week. A positive
Seeking Alpha post on Friday, indicated Snap was undervalued.SNAP Interactive closed at $2.15 on Friday.Kaleidoscope Venture CapitalShares of Kaleidoscope Venture Capital (KLDO), the Manchester, NH communications and media holding company, rose 194% Friday on 14 million shares.Kaleidoscope, which has a total market cap of less than $100,000 was the subject of much discussion in the chat rooms and on Twitter on Friday. There was no news to account for the move.Kaleidoscope Venture Capital closed at $0.0055 on Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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