March 27th
Greetings Readers,
Did you catch that red-hot rocket on Wednesday morning?
My most recent profile, an NYSE American idea oozing with breakout potential did just that...
It broke out.
Running from an approximate 8:00AM EST valuation of $1.62 to a high of $2.41 after the bell, that under-the-radar idea ripped off a move of approximately 48%.
Solid stuff, but it's not time to pack it in quite yet.
Instead, I'm bringing a new breakout idea to your attention.
With fewer than 17Mn shares in its float, volatility potential could be significant.
A $7.00 Maxim Group analyst target may also be suggesting well over 400% potential upside from its closing valuation Wednesday.
Mix in multiple press releases regarding the strong potential for a novel treatment for systemic sclerosis (SSc), and it may start making complete sense why I want you to consider this Nasdaq profile for your watchlist immediately:
*Chemomab Therapeutics Ltd. (Nasdaq: CMMB)*
Chemomab is a clinical stage biotechnology company developing innovative therapeutics for fibro-inflammatory diseases with high unmet need.
Based on the unique role of the soluble protein CCL24 in promoting fibrosis and inflammation, Chemomab developed nebokitug (CM-101), a first-in-class dual activity monoclonal antibody that neutralizes CCL24 and has demonstrated disease-modifying potential.
And based on multiple potential catalysts, (Nasdaq: CMMB) requires a top spot on my watchlist. Take a look:
No. 1 - Volatility Potential Could Be Heightened Due To A Low Float.
No. 2 - CMMB Further Confirms Potential For nebokitug As Novel Treatment For SSc.
No. 3 - A Major Milestone Completed As Company Aligns With FDA On Design Of Single Phase 3 Registration Study.
No. 4 - A Maxim Group Analyst Tags CMMB With A $7 Target!
But more on those in a second...
A Closer Look At Chemomab - Innovation & Discovery
Chemomab discovered the key role of the soluble protein CCL24 in promoting liver, skin and lung fibrosis as the driver of a fibro-inflammatory vicious cycle.
The Challenge
Fibrosis-related diseases are a significant unmet need that dramatically affect patients' health and quality of life.
Damaged tissue repairs itself through a sequence of controlled inflammatory and fibrotic processes.
However, uncontrolled healing processes can create a vicious cycle of inflammation and fibrosis – an excessive, sustained, chronic inflammatory response that activates fibroblasts, and replaces functional tissue with fibrous scar tissue.
CCL24 - a Key Player
Regulating CCL24 is key to halting fibrosis-related conditions.
Chemomab discovered that the soluble protein CCL24 plays a key role in promoting inflammation and fibrosis via a dual pathway.
CCL24 promotes both the recruitment of immune cells to the damaged tissue and supports its polarization to create a pro-fibrotic environment.
In parallel, CCL24 directly activates tissue fibroblasts, enhances their transition into myofibroblasts and induces the uncontrolled production of extracellular matrix.
Nebokitug Therapeutic Platform
Pioneering innovation to treat fibrosis-related diseases.
Chemomab's lead compound, nebokitug (CM-101) is a first-in-class humanized monoclonal antibody designed to bind to and neutralize CCL24 activity.
Nebokitug interferes with the main pathologies that promote fibrosis and inflammation.
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