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0 0.0240056818181819 -0.00281250000000001 -0.0198863636363636 -0.0369318181818181 -0.0369318181818181 -0.0369318181818181 -0.0369318181818181
Stock impact report

Xenetic Biosciences up 87% but news scarce [Seeking Alpha]

Xenetic Biosciences, Inc. (XBIO) 
NASDAQ:AMEX Investor Relations: ir.xeneticbio.com
Company Research Source: Seeking Alpha
Xenetic Biosciences up 87% but news scarceUltra-thinly traded nano cap Xenetic Biosciences (XBIO+86.5%) is up on a healthy 47x surge in volume, albeit on turnover of only 352K shares.No particular news accounts for the action. Yesterday, the companyannounced another annual meeting postponement, originally set for August 16, then October 5. Management intends to hold the meeting before year-end.The company's lead candidate isXBIO-101, a small molecule immunomodulator and interferon inducer. Preliminary studies showed it to increase progesterone receptor (PrR) expression in endometrial tissue which may potentially resensitize endometrial tumor tissue to progestin therapy. A Phase 2 study is ongoing.Now read:Novo Nordisk Looking Healthy Again: An Update » Show less Read more
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