NEW YORK, August 5, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on NantKwest, Inc. (NASDAQ: NK). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=NK
Highlights from our NK Report include:
- Strong Start in the Market - On July 27, 2015, NantKwest, Inc., a clinical-stage immunotherapy company, announced the pricing of its initial public offering (IPO) of 8.3 million shares of its common stock at a price to the public of $25.0 per share. The Company gained larger than expected IPO, raising $207 million in its trading debut, as reported in a Bloomberg news update on July 28, 2015, which highlighted that the shares rose by 39%, to close Tuesday's (July 28, 2015) session at $34.64, valuing the Company at $3.67 billion.
- Elaborating on NantKwest Working - The Company is focused to harness the power of the innate immune system by using the natural killer cell to treat cancer, infectious diseases and inflammatory diseases. Further, a Yahoo Finance news update dated July 29, 2015 said that the Natural killer (NK) cells are the body's first line of defense due to their innate ability to rapidly seek and destroy abnormal cells, such as cancer or virally-infected cells, without prior exposure or activation by other support molecules required to activate adaptive immune cells such as T-cells.
- Road Ahead - As per the Yahoo Finance news update, NantKwest described its outlook in its filing, which stated that "Our vision is to be the premier immunotherapy company harnessing the power of the innate immune system and the NK cell to pioneer precision medicine in the treatment of cancer, infectious diseases and inflammatory diseases. Our mission is to leverage an integrated and extensive genomics and transcriptomics discovery engine to identify antibodies targeted to newly discovered neoepitopes and to mobilize the human immune system of cancer patients to kill tumor cells and facilitate long-term remission. We expect to regularly add newly discovered neoepitopes from our discovery engine, and we believe the thousands of newly discovered antigens selectively expressed on the cancer cells and not on the essential normal tissue, will provide us with the ability to continue to create new and targeted libraries of antibodies to potentially be delivered as living drugs for metastatic cancer cells and cancer stem cells."
To find out how this influences our rating on NantKwest, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=NK
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