T2 BiosystemsT2 Biosystems, Inc. TTOO is an in-vitro diagnostics company. It is known for utilizing its T2 Magnetic Resonance platform that helps in identifying pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types, including whole blood, serum and plasma. Its molecular diagnostic test, named T2SARS-CoV-2, is particularly used to identify severe coronavirus infections. In its most recent earnings update, the company announced that it expects 2020 revenues of $18 million to $20 million. T2 Biosystems currently has a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has moved up 37.5% over the past 60 days. The company’s expected earnings growth rate for the current and next quarter is 67.7% and 70%, respectively. Its shares soared 6.9% on Aug 24. What’s more, its shares have already advanced 32.5% year to date. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
KamadaKamada Ltd. KMDA is a biopharmaceutical company. It develops, produces and markets therapeutics based on chromatographic purification technology. Presently, the company is developing plasma-derived immunoglobulin product as a potential treatment for COVID-19. The company said that it has finished manufacturing of the first batch of the product. The company currently has a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its current-year earnings increased 12.5% over the past 60 days. Its shares have jumped 17.3% on Aug 24. In fact, its shares have already soared 71.8% so far this year. To top it, Kamada has a Growth Score of B.
CerusCerus Corporation CERS is developing medical products based on a platform technology that prevents nucleic acid replication. The company is also focusing on research and development of other potential health care applications. Notably, the company’s INTERCEPT Blood Systems is known to inactivate SARS-CoV-2 in plasma components. Needless to say, SARS-CoV-2 is the causative agent for COVID-19. The company currently has a Zacks Rank #3. The Zacks Consensus Estimate for its current-year earnings has risen 2.4% over the past 60 days. The company’s expected earnings growth rate for the current quarter is 7.7%. Additionally, the company’s shares have jumped 61.8% so far this year.
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