Focus Ticker: NYMX
In my very first LCP Daily Insider Note, I observed that Nymox Pharmaceutical Corporation (NASDAQ:NYMX) was one of a few particularly interesting long-opportunities to watch in the coming weeks. Here, I follow up on that claim by covering the basics of the company, as well as recent insider events, and finally, by exploring potential future catalysts that could be driving share price fluctuations today.
But before we begin, let's face it: with an intraday market cap just a hair over $91 million, Nymox is not exactly a household name. At least, not yet. So for all you investment experts out there, please bear with me as I summarize the basics of what I believe is a seriously underappreciated nano cap investment opportunity in the healthcare sector.
Nymox Pharmaceutical Corporation is a Canada-based biopharmaceutical company that specializes in the research and development of novel drugs and diagnostic products. Their leading products under development include NX-1207, a proprietary treatment for enlarged prostate or benign prostatic hyperplasia (NYSE:BHP); NXC-4720, an anti-bacterial agent which is designed to treat E. Coli O157:H7 bacterial contamination in food products; NXB-4221 for the treatment of chronic urinary tract infections; NXB-5886 for the treatment of streptococcal infection; and NXT-1021 for the treatment of staphylococcal infection.
In addition to its ongoing research and development campaigns, the company currently markets NicAlert, a test to determine smoking status, and TobacAlert, a home test that determines one's level of exposure to second hand smoke. Both diagnostics are marketed and distributed in North America, Europe, and Asia. TobacAlert is also marketed online at tobacalaert.com.
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