Cynata Therapeutics Ltd
Commences Treatment in Second Patient Cohort in Cynata’s World First Clinical Trial:Cynata Therapeutics Ltd (ASX: CYP) has treated the first patient in Cohort B with CYP-001, which is the company’s first mesenchymal stem cell (MSC) product for steroid-resistant acute graft-versus-host disease (GvHD). This is another milestone and value catalyst for the stem cell company in the journey to determine the safety and effectiveness of CYP-001 for the devastating disease. Moreover, a total of 8 patients are expected to participate in Cohort B, and this when combined with the 8 patients already treated in Cohort A, makes a total of 16 patients in the phase 1 trial. The commencement of the second patient cohort (Cohort B) signifies the advancement towards completion of the trial, which is expected later in 2018. Additionally, CYP has signed the MoU with Celularity, Inc. for the evaluation and identification of commercial opportunities for the Cymerus platform and Celularity’s leading cell therapy assets. As a result, CYP stock has risen 21.67% in one month as on January 24, 2018 and soared 13.7% on January 25, 2018. We give a “Hold” recommendation on the stock at the current price of $0.83
Aumake International Ltd
Completed the fund raising: Up 175% in last three months as at January 24, 2018, Aumake International Ltd (ASX: AU8) has raised $14 million (before capital raising costs) through the placement of 31,111,120 fully paid ordinary shares at an issue price of 45 cents per share. Moreover, AU8 will use the funds to boost its retail store rollout program with a minimum of 20 retail stores in key locations across Australia including the development of Daigou Hubs in China and Australia. Further, the company will increase its investment in and production of AuMake own branded products and also increase the investment in the development and growth of loyal WeChat online members, which is currently 13,000. The company is exploring and executing the acquisition opportunities where appropriate (including milk formula). On the other hand, AU8 stock has fallen 33.83% in one month as on January 24, 2018 despite a decent trading update for December 2017 with indicative growth across all financial indicators with significant gross profit margin growth to at least 15.8% resulting in a MoM increase of 20% or greater from November 2017 (13.1%). While we look for more key catalysts for growth, we believe that the stock is “Expensive” at the current price of $0.41
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