Consolidated Investment Analysis for Adventrx Pharmaceuticals, Inc.
Adventrx Pharmaceuticals, Inc (AMEX:ANX)
Company Description Adventrx Pharmaceuticals, Inc (AMEX:ANX) was incorporated in 1995 and is engaged in development, manufacturing and marketing of products candidates used for treatment of cancer. The company’s product portfolio includes ANX-530 and ANX-514. ANX-530 is a renowned emulsion formulation which is used for treatment of advanced non small cell lung cancer. ANX-530 works as a single agent or in combination with cisplatin. ANX-514 is an emulsion formulation derived from chemotherapy drug docetaxel which is used for the treatment of breast and non small cell lung cancer. Head quartered in San Diego, California the company’s products are used for non small lung cancer, breast cancer, prostate cancer, gastric cancer, head cancer and neck cancer.
Share Statistics Symbol Current Price 52 week range Avg Volume
ANX $2.88 1.50 - 13.00 484,139.00
EPS: Market Capitalization: 52 week change Beta
-2.00 41.60M 766% 0.85
Financial Summary As per its financial statements ending September 30th, 2010 the company has not realized any revenues yet as it is in the development stage. The company’s total operating expenses stand at $1.87 million for the quarter ending September 30th, 2010. The total operating expenses have been reduced by almost 4 percent to $1.87 million for the respective quarter as compared to operating expenses of $1.94 million for the quarter ended June 30th, 2010. The company’s total assets accumulate up to $30.49 million according to its balance sheet as on September 30th, 2010. Current assets happen to have the highest proportion in the composition of total assets standing at $30.46 million. The company maintains a strong short-term liquidity position with current ratio of 17.935 times which shows that Adventrx maintains current assets 18 times more than its current liabilities. The company’s high short term liquidity position is also evident from the fact that its cash and cash equivalent standing at $29.33 million covers current liabilities by 17 times.
Latest Updates Adventrx Pharmaceuticals, Inc (AMEX:ANX) announced its submission of request for discussion on its product candidate ANX-514 to US Food and Drug Administration FDA as on December 15th, 2010. The FDA will set the date of meeting for discussion within 60 days of request application. The companyâ€™s product candidate ANX-514 is branded as Taxotere which has been extensively scrutinized by the company and is ready to be launched in the market. Moreover the company entered into an agreement with New Island Resources Inc on December 10th, 2010 for the acquisition of Pine Cove mine and mill which is held by New Island Resources.
Technical Analysis Chart
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