Diamonds and Dogs
Prima Biomed Ltd. (PBMD)
Investors should pay attention to the global biotech company, Prima Biomed Ltd. PBMD increased by 212.50% today after announcing their outstanding clinical trails of their new drug CVac. The Australian company is known for their products directed toward the treatment of cancer. CVac is a cancer vaccine that is for patients in second remission. Moving forward, the company aims to make CVac available to suffering cancer patients around the globe.
The Airline Industry
Several airlines, American Airlines, Southwest Airlines, Jet Blue, and many others are struggling today. This sector-wide drop is not only related to oil prices rising but also due to increased competition from European airlines planning on expanding to the United States. Additionally, the C.E.O. of Delta Airlines announced today that they plan to add more planes. The addition of more airplanes has the potential to lower profits. While the airline sector is low today, it is worth noting that their sales are still growing. They could get more wind behind their wings in the future weeks.
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