Tech investors should look for the next big thing.
Investors’ infatuation with a few well-known technology companies is starting to cost them, as new leadership emerging from the dynamic industry produces some of the best stock performance. While investors cling to the biggest or most hyped tech names, including Apple, Google and Amazon, the industry is reinventing itself, and that’s leading to disconnects in stock performance. Apple’s shares have inched up 6% this year, while the Nasdaq composite index has gained 33.7%.
While it’s too early to guess where the future leaders will come from, some investors aren’t wasting any time trying to make sure they’re positioned for where the industry goes next.
“Overall, tech investors search for best growth ideas and tend to rotate from slowing-growth companies, such as Apple the past year, for faster-growth companies,” says Mike Walkley, analyst at Canaccord Genuity.
SAP AG provides business software primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific Japan region. The company?s products includes SAP Business Suite software, which supports large organizations in their core business operations, such as supplier relationship, production, warehouse management, sales, administration, and customer relationship; SAP Business All-in-One, a business management software that assists midsize companies in managing various business functions, including financials, human resources, procurement, inventory, manufacturing, logistics, product development, sales, and marketing; SAP Business One, a business management application for small businesses; and SAP Business ByDesign, an on-demand solution for integrated business management applications. Its products also comprises SAP BusinessObjects Edge business intelligence and enterprise performance management solutions; Xcelsius, a data visualization software; Crystal Reports, which helps users design interactive reports; Sybase IQ, an optimized analytics server designed to deliver results for business intelligence, analytics, data warehousing, and reporting solutions; SAP solutions for sustainability; and SAP NetWeaver technology platform, which integrates information and business processes across various technologies and organizational structures. In addition, the company offers industry and solution-focused, business transformation, information technology transformation, custom development, and support services; and program, project management, quality assurance, and education and certification services. It sells its products through its subsidiaries and resellers. SAP AG has a strategic relationship with Cap Gemini S.A. to develop and deploy enterprise mobility solutions. The company was formerly known as SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der Datenverarbeitung. SAP AG was founded in 1972 and is headquartered in Walldorf , Germany.
- [By Rob DeFrancesco]
Rob DeFrancesco: Yeah, it did come up. It was a strong Q4 earnings season and a lot of these names, particularly the momentum names in software, did well. Workday, which provides cloud-based human resources and financials software competes with legacy vendors like Oracle (ORCL) and SAP (SAP).
- [By Tom Taulli]
John Chen: Chen came on board as the CEO of BBRY late last year. No doubt, he has an impressive resume. For example, he led the turnaround of Sybase and sold it to SAP (SAP) for $5.8 billion. And he has wasted little time trying to give BBRY stock a boost. First, he reorganized BlackBerry’s divisions with a focus on the enterprise market to help with product development and sales effectiveness. But perhaps the most important move has been to outsource hardware development to Foxconn. With the deal, BBRY can focus on software while Foxconn can leverage its scale and supply-chain efficiencies. By April, BBRY will launch two new phones that are based on Foxconn development.
- [By Jonathan Buck]
SAP’s (SAP) outlook is full of clouds – but it isn’t cloudy.
The Walldorf, Germany-based company, which provides software that helps businesses manage their back offices, warehouses, stores, desktop computers and mobile devices, spooked investors Tuesday by pushing back its margin target from 2015 to 2017.
SAP’s American depository receipts slipped more than 2%, but the weakness is a buying opportunity for investors. The stock can add as much as 20% in the next 12 months as the company advances its transition from traditional software applications to cloud-based computing and analytics.
The stock traded at $80.43 on Wednesday afternoon, giving SAP a market value of $98 billion. Analysts, generally, are bullish on the stock, with a consensus price target of $86.56. However, the more upbeat estimates approach $96, which look feasible given the company’s prospects.
“We are the fastest-growing mega-cap company in the information technology industry. We are also the fastest-growing mega-cap company in the cloud in the information technology industry,” Co-Chief Executive Bill McDermott told a small group of reporters on the sidelines of the World Economic Forum in Davos Wednesday.
A day earlier, SAP reported preliminary results for 2013 that showed operating profit in 2013 increased 13% from a year earlier to 5.51 billion euros ($7.46 billion) on an 8% rise in revenue to EUR16.90 billion. Operating margin jumped by 1.5 percentage points to 32.6%.
The performance was impressive, but it was the outlook that got investors all jittery. SAP pushed its target for a 35% profit margin from 2015 to 2017.
McDermott attributes this to the shift in business to the cloud, where customers rent software rather than pay for it up front. “Instead of recognizing your software revenue all up front, you recognize it over time,” McDermott says. “And it takes a few years before that starts to kick in. Therefore, for t
- [By Monica Gerson]
SAP AG (NYSE: SAP) is estimated to report its Q4 earnings at $0.81 per share on revenue of $4.22 billion.
Texas Instruments (NASDAQ: TXN) is projected to post its Q4 earnings at $0.46 per share on revenue of $2.99 billion.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Duke Realty Corporation (DRE)
Duke Realty Corporation operates as a real estate investment trust (REIT) in the United States. It offers leasing, property and asset management, development, construction, build-to-suit, and other tenant-related services. As of December 31, 2006, Duke Realty owned approximately 721 industrial, office, and retail properties comprising 113.8 million rentable square feet, as well as owned 6,400 acres of unencumbered land for development. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1972 and is headquartered in Indianapolis, Indiana with regional offices in Alexandria, Virginia; Atlanta, Georgia; Cincinnati, Columbus, and Cleveland, Ohio; Chicago, Illinois; Dallas and Houston, Texas; Minneapolis, Minnesota; Nashville, Tennessee; Orlando, Florida; Phoenix, Arizona; Raleigh, North Carolina; St. Louis, Missouri; and Tampa and Weston, Florida.
- [By Brad Thomas]
Other REITs mentioned: (O), (NNN), (STAG), (DCT), (EGP), (PDM), (DRE), (LRY)
Source: Chambers Street: More Liquidity Magic On The Way In REIT-Dom
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More…)
Top 10 Net Payout Yield Stocks To Invest In Right Now: EXFO Inc (EXFO)
EXFO Inc. provides next-generation test and service assurance solutions for wireline and wireless network operators and equipment manufacturers in the global telecommunications industry. It offers field-test platforms, including FTB-1 platform, a single-slot modular platform to fiber-optic, copper, Ethernet, fiber-to-the-home, and multiservice testing applications; FTB-200 compact platform, which include singlemode and multimode optical time-domain reflectometers, automated optical loss test sets, SONET/SDH analyzers up to 10 Gbit/s, and gigabit Ethernet and 10 gigabit Ethernet testers; and FTB-500 platform for datacom testing, OTDR analysis, optical loss, and Ethernet testing. The company also provides wireless test equipment comprising 2G, 3G, and 4G/LTE protocol analyzers that allow engineers to troubleshoot networks in order to find the source of errors and fix them. In addition, it offers wireline/wireless service assurance systems, including Brix System that delivers end-to-end quality of service and experience visibility, as well as real-time Internet protocol service monitoring and verification for next-generation networks. Further, EXFO Inc. provides IQS-600 platform to run various 100 optical test modules using a single controller unit; high-performance test modules; PSO-200 optical modulation analyzer; protocol analyzers for use in protocol analysis to verify correct network behavior; network simulators for regression and load testing applications; and mobile communications intelligence tools for police, armed forces, and other governmental organizations to fight organized crime and terrorists. The company sells its products through its direct sales force, sales representatives, and distributors. EXFO Inc. was founded in 1985 and is headquartered in Quebec, Canada.
- [By Monica Gerson]
EXFO (NASDAQ: EXFO) is expected to post its Q4 earnings at $0.05 per share on revenue of $60.94 million.
Yum! Brands (NYSE: YUM) is estimated to post its Q3 earnings at $0.93 per share on revenue of $3.53 billion.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Linear Technology Corporation(LLTC)
Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets a line of linear integrated circuits. The company’s products include amplifiers, comparators, voltage regulators, voltage references, monolithic filters, linear regulators, DC-DC converters, power over Ethernet controllers, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, Advisors’ Opinion:
- [By Dividends4Life]
This week a few companies answered the call and rewarded their shareholders with higher cash dividends:
Consolidated Edison Inc. (ED) engages in regulated electric, gas, and steam delivery businesses. January 16th the company increased its quarterly dividend 2.4% to $0.63 per share. The dividend is payable March 15, 2014, to stockholders of record on February 12, 2014. The yield based on the new payout is 4.7%.
Cousins Properties Incorporated (CUZ), a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services. January 16th the company increased its quarterly dividend 66.7% to $0.075 per share. The dividend is payable February 24, 2014, to stockholders of record on February 10, 2014. The yield based on the new payout is 2.8%.
Wisconsin Energy Corporation (WEC) generates and distributes electric energy, as well as distributes natural gas. The company operates in two segments, Utility Energy and Non-Utility Energy. January 16th the company increased its quarterly dividend 2% to $0.3900 per share. The dividend is payable March 1, 2014, to stockholders of record on February 14, 2014. The yield based on the new payout is 3.8%.
BlackRock Inc. (BLK) is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. January 16th the company increased its quarterly dividend 14.9% to $1.93 per share. The dividend is payable March 24, 2014, to stockholders of record on March 7, 2014. The yield based on the new payout is 2.4%.
ONEOK Inc. (OKE) operates as a diversified energy company in the United States. January 15th the company increased its quarterly dividend 5.3% to $0.40 per share. The dividend is payable February 18, 2014, to stockholders of record on February 10, 2014. The yield based on the new payout is 2.5%.
Omega Healthcare Investors Inc. (OHI) is a real es
- [By Marc Bastow]
Analog integrated circuits and products manufacturer Linear Technology (LLTC) raised its quarterly dividend 3.8% to 27 cents per share, payable Feb. 26 to shareholders of record Feb. 14. This marks the 22nd consecutive annual dividend increase for Linear.
LLTC Dividend Yield: 2.33%
- [By Lauren Pollock]
Linear Technology Corp.’s(LLTC) fiscal second-quarter profit climbed 18% as the chip manufacturer reported higher sales and gross margins.
MeadWestvaco Corp.(MWV) expanded its cost-cutting efforts and said it plans to simplify the structure of its packaging businesses, as it strives to improve its performance.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Malvern Federal Bancorp Inc.(MLVF)
Malvern Federal Bancorp, Inc. operates as the bank holding company for Malvern Federal Savings Bank, which is a federally chartered savings bank. It provides banking services in Pennsylvania. The company engages in attracting deposits from the general public and using those funds to invest in loans and investment securities. Its deposit products include interest-bearing and non-interest-bearing checking accounts, as well as money market, savings, and certificate of deposit accounts. The company?s loan products principally include one-to four family residential mortgage loans; and consumer loans comprising home equity loans, home equity lines of credit, automobile loans, unsecured personal loans, and loans secured by deposits. It conducts business from its headquarters and eight full-service branches in Chester and Delaware Counties, Pennsylvania. The company was founded in 1887 and is headquartered in Paoli, Pennsylvania.
- [By Tim Melvin]
Malvern Federal (MLVF) is a great example of a small financial institution at a cheap price with a sound financial condition. The bank has 8 branches in the Chester and Delaware counties of Pennsylvania. The bank has been around since 1897 and currently has about $600 million in assets. MLVF has a great balance sheet, with an equity-to-assets ratio of 10.9 and nonperforming assets that are just 1.98% of total assets.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Mediabistro Inc (MBIS)
Mediabistro Inc, formerly WebMediaBrands Inc., incorporated on April 5, 1999, is an Internet media company. The Company provides content, education, career services to social media, traditional media and creative professionals through a portfolio of vertical online properties, communities and trade shows. On May 11, 2011, the Company acquired Inside Network, Inc.In March 2011, the Company acquired the assets of the blog FacebookMarketing.de. In March 2011, the Company acquired the assets of the Website SemanticOverflow.com. In May 2011, it acquired Inside Network Inc. In August 2012, the Company acquired the assets of Lost Remote the blog covering the field of social television.
The Company’s online business includes mediabistro.com, a blog network providing content, education, community resources and career resources about media industry verticals including new media, social media, Facebook, TV news, advertising, public relations, publishing, design and mob ile. Its mediabistro.com business also includes a job board for media and creative professionals focusing on job categories such as social media, new media, publishing, public relations/marketing, advertising, sales, design, Web development, television and more. InsideNetwork.com, a network of online properties dedicated to providing original market research, data services, news, events and job listings on the Facebook platform, on social gaming and on mobile applications ecosystems. SemanticWeb.com, a blog providing content, education, community resources and career resources on the commercialization and application of Semantic Technologies, Linked Data and Big Data. Community, membership and e-commerce offerings including a freelance listing service, a marketplace for designing and purchasing logos (stocklogos.com) and premium membership services.
The Company’s education business features online and in-person courses and online conferences, including its So cial Media Marketing Boot Camps, for media and creative prof! essionals. Online education conferences are programs that offer attendees the opportunity to learn in a dynamic online setting with live weekly instruction via webcast, daily forum discussions within an online classroom, homework assignments, and small group interaction where students receive one-on-one guidance and instruction from an advisor. The Company’s trade shows include, among others, the Semantic Tech and Business Conference, Inside Social Apps, Social Gaming Summit and AllFacebook Marketing Expo. Its online business also includes AllCreativeWorld.com, a network of online properties providing content, education, community, career and other resources for creative and design professionals.
The Company competes with Monster.com and LinkedIn.
- [By Paul Ausick]
Stocks on the Move: Aetrium Inc. (NASDAQ: ATRM) is up 156.2% at $12.40 following a positive report based on a recent management change and new products. Mediabistro Inc. (NASDAQ: MBIS) is down 17.4% at $3.41 as the stock gives back some of the 87% gain it scored yesterday. J.C. Penney Co. Inc. (NYSE: JCP) is up 7.7% at $10.08 on momentum from an insider stock purchase earlier this week.
- [By Paul Ausick]
Stocks on the Move: Nuance Communications Inc. (NASDAQ: NUAN) is down 18.1% at $13.10 and Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) is down 9% at $4.67 on huge volume today. Mediabistro Inc. (NASDAQ: MBIS) is up 87.2% at $4.10 after investing in a media and events firm that covers the 3D printing market.
- [By Paul Ausick]
One lightly traded stock making a big move today is Mediabistro Inc. (NASDAQ: MBIS), an Internet media company that offers a variety of services in a number of vertical media markets. The company today announced a strategic investment in 3dprintingindustry.com, a media firm that covers the hot 3D printer market. No financial details were provided.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Ferrellgas Partners L.P. (FGP)
Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States. It transports propane to propane distribution locations, tanks on customers premises, or to portable propane tanks delivered to retailers. The company conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets. The companys propane is primarily used for space heating, water heating, cooking, outdoor cooking using gas grills, crop drying, irrigation, weed control, and other propane fueled appliances; as an engine fuel for power vehicles and forklifts; and as a heating or energy source in manufacturing and drying processes. It serves approximately 1 million residential, industrial/commercial, portable tank exchange, agricultural, wholesale, and other customers in 50 States, the District of Columbia, and Puerto Rico. As of July 31, 2012, it had 924 propane distribution locations. The company also engages in the wholesale marketing of propane appliances; sale of refined fuels; and provision of common carrier services. Ferrellgas Partners, L.P. was founded in 1939 and is headquartered in Overland Park, Kansas.
- [By Monica Gerson]
Ferrellgas Partners LP (NYSE: FGP) is expected to report its Q2 earnings at $0.85 per share on revenue of $722.07 million.
American Midstream Partners LP (NYSE: AMID) is estimated to post a Q4 loss at $0.30 per share on revenue of $89.74 million.
- [By Robert Rapier]
But because SPH is more involved in the retail end of propane instead of the production/logistical side, it has been significantly outperformed by NGL Energy Partners (NYSE: NGL) and Ferrellgas Partners (NYSE: FGP). In short, the latter two are the ways to play higher propane prices, whereas SPH will see much less benefit from higher-priced propane.
- [By Robert Rapier]
The four propane-focused MLPs are AmeriGas Partners (NYSE: APU), Suburban Propane Partners (NYSE: SPH), NGL Energy Partners (NYSE: NGL), and Ferrellgas Partners (NYSE: FGP).
Top 10 Net Payout Yield Stocks To Invest In Right Now: Office Depot Inc.(ODP)
Office Depot, Inc., together with its subsidiaries, supplies office products and services. Its North American Retail division sells an assortment of merchandise, such as general office supplies, computer supplies, business machines and related supplies, and office furniture under various labels, including Office Depot, Viking Office Products, Foray, Ativa, Break Escapes, Niceday, and Worklife through its chain of office supply stores. It also provides printing, reproduction, mailing, shipping, and other services, as well as personal computer support and network installation service. As of December 25, 2010, this division operated 1,147 office supply stores in the United States and Canada. The company?s North American Business Solutions division sells nationally branded and private brand office supplies, technology products, furniture, and services to small- to medium-sized customers through a dedicated sales force, catalogs, and Internet. Its International division sells o ffice products and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores using a mix of company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. As of December 25, 2010, it sold its office products to customers in 53 countries in North America, Europe, Asia, and Latin America. This division operated, through wholly-owned or majority-owned entities, 97 retail stores in France, Hungary, South Korea, and Sweden; and participates under licensing and merchandise arrangements in South Korea, Thailand, India, Israel, Japan, and the Middle East. The company was founded in 1986 and is headquartered in Boca Raton, Florida.
- [By Lawrence Meyers]
My editor asked if I thought it was too early to call a bottom on Office Depot (ODP). The answer is “yes.”
- [By Ben Levisohn]
Office Depot (ODP) has plunged 17% to $4.45 after missing earnings and revenue forecasts. Home Depot (HD), however, has gained 2.2% to $79.60 after beating forecasts by two cents thanks to a stronger U.S. housing market.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Questcor Pharmaceuticals Inc.(QCOR)
Questcor Pharmaceuticals, Inc., a biopharmaceutical company, provides prescription drugs for the treatment of auto-immune diseases. The company?s primary product is H.P. Acthar Gel (repository corticotropin injection), an injectable drug for the treatment of acute exacerbations of multiple sclerosis; infantile spasms in infants and children under two years of age; nephrotic syndrome; and Lupus. Questcor Pharmaceuticals, Inc. was founded in 1990 and is headquartered in Anaheim, California.
- [By Louis Navellier]
New prescriptions for Subsys, a drug used to alleviate breakthrough pain for cancer patients, was the leading reason for the excellent performance. The company has a strong pipeline as well and expects to file at least New Drug Application and at least four Investigational New Drug applications in 2014. Portfolio Grader upgraded the stock back in August and this biotechnology stock is still a strong buy based on the superior fundamental.
Biotech Stocks to Buy: Questcor Pharmaceuticals (QCOR)
Questcor Pharmaceuticals (QCOR) makes drugs that help patients with serious medical problems. Most of their sales are from Acthar an injectable drug used in 19 indications. Most of the revenues are derived from patients with adults with multiple sclerosis and children under 2 who suffer from infantile spasms. The drug is also approved for the treatment of lupus erythematosus.
- [By DailyFinance Staff]
Concerns about the political uncertainty in Ukraine caused some volatility in the markets Friday afternoon, with the major indexes making several U-turns ahead of the weekend. The Dow Jones industrial average (^DJI), which had been up by as much as 125 points, briefly dropped into loss territory before rebounding to end 49 points higher. The Standard & Poor’s 500 index (^GPSC) edged up 5 points, adding to Thursday’s record high, but the Nasdaq composite (^IXIC) lost 10 points. AP/Darko VojinovicPro-Russian militias have seized local government buildings in Crimea, Ukraine; the unrest there is making investors around the world nervous. February was a great month for investors. All three major averages jumped by about 4 percent. UnitedHealth Group (UNH) led the blue chips, gaining 1½ percent. Other health providers – Aetna (AET), Wellpoint (WLP), Cigna (CI) and Humana (HUM) — all gained between 1½ and 2 percent. And retail stocks remained active. Target (TGT) added another 3 percent. Best Buy rose 4 percent, and Fred’s (FRED), a regional department store chain, jumped 10 percent. But Pier 1 (PIR) fell 5½ percent after lowering its earnings outlook for a second time. That led to a series of brokerage downgrades. Decker Outdoor (DECK) tumbled 12 percent. The maker of footwear brands such as Ugg and Teva issued a weak outlook. And apparel maker Lululemon (LULU) fell 5-percent on negative comments from Credit Suisse. It seems as though there are always some big movers in the drug and biotech sectors – and that was certainly the case today. GW Pharmaceuticals (GWPH) rose 2 percent after the FDA granted orphan status to its drug to treat a rare form of childhood epilepsy. But most of the action was on the downside. Endologix (ELGX) slid 24 percent after forecasting lower revenue growth. Questcor (QCOR) fell 10 percent. It’s lost big for three straight days amid allegations of questionable business practices. Jazz Pharma
- [By Stephen Quickel]
Questcor Pharmaceuticals (QCOR), which has done well for us before, fell in the second half of 2013, when other biotechs were soaring.
But now it has rebounded from 50 to the mid-60s on the prospect of 25-30% a year earnings growth. QCOR focuses on serious, hard to treat autoimmune and inflammatory diseases. Our target price is 85.
- [By Kevin Donovan]
We came up with four names: Manitowoc Co. Inc. (MTW), Questcor Pharmaceuticals Inc. (QCOR), United Continental Holdings Inc. (UAL) and YY Inc. (YY). Then we used some not-so-secret sauce of our own to eliminate MTW, a farm and construction machinery maker, and UAL, a major airline, because we fear softening economic indicators, among them employment growth and durable goods orders. We also tossed YY, a Chinese internet information provider, because we freely admit our ineptitude at analyzing Chinese equities.
Top 10 Net Payout Yield Stocks To Invest In Right Now: Boston Therapeutics Inc (BTHE)
Boston Therapeutics, Inc. is a development-stage company. The Company’s business is the development, manufacture and commercialization of therapeutic drugs and dietary supplements with a focus on glyco-pathology, a specialized field involving understanding the importance of carbohydrates in biochemistry and progression of diseases. The Company is focusing on three products: IPOXYN, an injectable anti-hypoxia drug, which it is developing; PAZ320, which is a non-systemic, chewable drug candidate for reduction of blood glucose in diabetics in development and SUGARDOWN, a complex carbohydrate-based chewable dietary supplement, which it is marketing. The Company’s non-systemic compounds for prediabetes and diabetes, SUGARDOWN and PAZ320, belong to the class of carbohydrate-hydrolyzing enzyme inhibitors.
The Company has developed SUGARDOWN, a non-systemic complex carbohydrate-based dietary supplement to moderate post-meal blood glucose us ing processes and technology. It has unrestricted access to both sufficient raw materials at commodity pricing and processing facilities to produce sufficient supply of SUGARDOWN to support product distribution across multiple sales channels as a dietary supplement. Its SUGARDOWN dietary supplement consists of a stabilized complex carbohydrate composition. The Company has completed development of SUGARDOWN as a dietary supplement. On January 24, 2012 the Company announced the clinical trial results in healthy volunteers performed at the University of Sydney on SUGARDOWN.
PAZ320 is a non-systemic, non-toxic, chewable drug candidate for prevention of diabetes and its complications. PAZ320 inhibits the enzymes, which release glucose from complex carbohydrate in foods during digestion, reducing the amount of available glucose absorbed through the intestine. PAZ320 is in development as a drug candidate. The Company’s non-systemic compounds for p rediabetes and diabetes, SUGARDOWN and PAZ320, belong to the! class of carbohydrate-hydrolyzing enzyme inhibitors.
The Company has developed a drug candidate product IPOXYN, a glyco-protein based therapeutic agent. Its IPOXYN anti-hypoxia drug consists of a stabilized glycoprotein composition containing oxygen-rechargeable iron, targeting both human and animal tissues and organ systems deprived of oxygen and in need of metabolic support. In addition to potential uses for human patients, it also focuses to file a registration for IPOXYN for veterinary applications under the name OXYFEX. The Company’s pharmaceutical agents are intended for intravenous administration into the circulatory system to target acute and late stage diseases.
- [By CRWE]
Today, BTHE remains (0.00%) +0.000 at $1.10 thus far (ref. google finance Delayed: 12:25PM EDT October 10, 2013).
Boston Therapeutics has previously closed the final tranche of approximately $1.8 million to bring total gross proceeds of approximately $5.3 million from the private placement of Common Stock and warrants to existing and new accredited investors (the “Offering”).
Proceeds of the offering will be used to fund additional clinical trials for PAZ320, a non-systemic chewable drug designed to reduce the elevation of postprandial glucose or post-meal blood sugar for treatment of patients with Type 2 diabetes, and for general corporate purposes. PAZ320 is the first compound in a new class of therapies for this disease.