Market Highlight: XenoPort Inc. (XNPT), ImmunoCellular Therapeutics Ltd (IMUC), And Paragon Offshore PLC (PGN)
New York, NY – GDP INSIDER – 12/31/2014.
XenoPort, Inc. (NASDAQ:XNPT) received a favorable mention by an analyst at RBC. The development helped the stock to gain more than 5% in the last session. Michael Yee of RBC said that XenoPort was one of its “under the radar” stocks for 2015.
Analysts on the average expect the company to post a wider loss and narrower revenue in 2015 compared with 2014. The consensus for 2014 is a loss of $0.87 per share on revenue of $46.9 million. That compares with 2015 consensus of a loss of $1.18 per share on revenue of $38.9 million.
XenoPort, Inc. (NASDAQ:XNPT) revealed having cash of $21.85 million at the end of the most recent quarter. That decreased from the previous quarter but was almost double from last year’s same quarter.
ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) is set to close 2014 on a positive note based on a boost to its intellectual property portfolio. USPTO issued a key patent covering the company’s cancer vaccine drug candidate known as ICT-107.
According to ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC)’s executives, US Patent No. 8,871,211 is important for the company in more than a few ways. First, the patent offers the much-needed protection for the cancer vaccine drug candidate. Second, it adds to the company’s pool of IP, which can be monetized to improve revenue in the company.
ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) doesn’t report revenue currently. However, the company disclosed having $23.52 million in the treasury at the end of the most recent quarter. It appears to be spending a lot on its research and development projects because cash declined from the previous quarter as well as a year ago.
Paragon Offshore PLC (NYSE:PGN) this month continued to shore up its balance sheet by retiring some of its senior notes. The company announced the retirement of $25.2 million of senior unsecured notes this month.
It used available cash and its credit facility to settle the senior notes. Paragon Offshore PLC (NYSE:PGN) is still left with about $35 million to repurchase notes out of $100 million that the board authorized for the repurchase program.
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