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Nasdaq Active Movers Below a Dollar (SMFL, FEMY, GBNH, TTOO)

The Tech-heavy Nasdaq 100 index has been on an impressive rally, soaring by over 40% year to date, driven by the remarkable gains from tech giants and their exponential growth in the artificial intelligence sector. Solid earnings reports and the prospects of the U.S. Federal Reserve adopting a cautious approach to interest rates have also contributed to this surge. However, while the spotlight has largely focused on tech giants and large-cap stocks, astute investors are recognizing the tremendous opportunities presented by low-cap stocks. Companies like SMFL, FEMY, GBNH, and TTOO are quietly making waves in the index, offering enticing prospects at highly discounted levels.

Smart for Life Inc. (Nasdaq: SMFL) is a rising player in the high-growth Health & Wellness sector, specializing in marketing and manufacturing nutritional foods and supplements worldwide. The company stands out for its commitment to health and wellness replacement products, offering a diverse range of nutritional bars, cookies, soaps, shakes, vitamins, and supplements.

In a recent announcement on July 28, 2023, SMFL took a significant step to expand its market reach by forging a strategic distribution partnership with Vitacost.com. As a leading online retailer of health and wellness products and a subsidiary of The Kroger Co., Vitacost.com provides a reputable platform for SMFL to connect with health-conscious consumers. Through its wholly owned subsidiary, Ceautamed Worldwide LLC, Smart for Life will now distribute its proprietary Greens First products on Vitacost.com's online platform.

This partnership offers a compelling opportunity for SMFL to showcase its Greens First products, specifically designed to support proper pH balance and provide essential nutrients. With Vitacost.com's longstanding presence in the health and wellness industry, spanning over 25 years, the collaboration provides a trusted channel for Smart for Life to present its products to a broader audience.

CEO Darren Minton expressed enthusiasm about this development, stating, "We are excited for our additional Greens First products that have been selected by Vitacost.com and will be featured on their online storefront." He acknowledged Vitacost.com's established reputation, making it an ideal avenue to showcase Smart for Life's products and reinforce their commitment to strategic growth.

This move aligns with Smart for Life's emphasis on accelerating its omnichannel sales distribution strategy. Beyond just e-commerce channels, this partnership is expected to bolster Smart for Life's presence in health and wellness stores and traditional big-box retailers like Kroger, opening up new avenues for growth.

The nutraceutical industry is experiencing robust growth, driven by the rising trend of preventive health measures among consumers. By 2027, the industry is projected to reach an impressive value of $720 billion, positioning Smart for Life to capitalize on the expanding market demand with its recent distribution agreement.

While the tech-heavy Nasdaq 100 index has been garnering attention with its impressive rally of over 40% year to date, low-cap stocks like SMFL present intriguing investment opportunities at highly discounted levels. As Smart for Life continues to strengthen its market presence and tap into the surging demand for health and wellness products, investors are closely monitoring the company's progress. The recent partnership with Vitacost.com further cements Smart for Life's commitment to strategic growth and market penetration, making it an appealing prospect for investors seeking exposure in the dynamic Health & Wellness sector.

Shares of Femasys Inc. (NASDAQ: FEMY) popped by nearly 150% on Thursday after the biomedical company focused on meeting women's unmet needs and announced the issuance of notice of allowance for one of its patent applications. The patent in question covers a first-of-its-kind permanent birth control solution dubbed FemBloc.

FemBloc is a non-surgical, non-implant, in-office solution currently in late-stage clinical development as a permanent birth control measure. It is considered a safer option for women looking to avert the risk of becoming pregnant. It stands out as it is half the cost of the available measures and eliminates the need for anesthesia incisions and permanent implants.

Given that there has been stagnant innovation for the development of a permeant birth control, FemBloc could tap a $20 billion market opportunity which explains why Femasys popped up on a high turnover of traded shares.

“The allowance of claims for the FemBloc permanent birth control is another important milestone in protecting the commercial potential for this novel, non-surgical contraceptive option for women seeking a permanent birth control solution, which is expected to begin its pivotal clinical trial phase this quarter,” stated Kathy Lee-Sepsick, Femasys’ founder, president and chief executive officer.

Should the U.S. Patent and Trademark Office (USPTO)n asses and determine Femasys is entitled to a patent, it would mark a significant milestone for the innovative biotechnology company. The company expects the patent to have an expiration of date of 2039 at the earliest.

The company is expected to continue prosecuting additional patent applications as it seeks to strengthen its patent portfolio. It has already filed a patent for FemaSeed, its localized directional insemination for infertility treatment.

The issuance of notice of allowance for FemBloc comes on the heels of Femasys securing produce approval for FemCath in Canada last month. The approval from Health Canada and the Public Health Agency of Canada underscores the growing momentum in the North American market as the companies continue to unlock new opportunities. With the approval, Femasys can now pursue commercial opportunities with FemCath, the first intrauterine catheter to evaluate the fallopian tube with contrast.

Greenbrook TMS Inc. (NASDAQ: GBNH) is another stock on the move in the Nasdaq index, exploding by 90% On July 27 at the back of no solid news release. The company operates a network of outpatient mental health services centers in the United States and has been under pressure for the better part of the year. However, its fortunes are slowly changing, going by the significant price surge.

Early this month, the company entered into a purchase agreement with Alumni Capital bloodstream infections. With the agreement, the company secured a critical equity line financing for sales to a tune of up to $4.4 million of common shares. The common shares are to be issued occasionally in connection with the delivery of purchase notices delivered to the investor.

In addition to the equity line financing agreement, Greenbrook TMS delivered solid first-quarter results, with revenues increasing 52% year over year to $19.9 million. The increase was attributed to the acquisition of Check Five LLC in the third quarter of last year. In addition, the company benefited from strong patient starts and treatment in the first quarter, which were up 57% to 2,854 and 92,533, respectively.

Additionally, Greenbrook confirmed it had made significant progress as part of an ongoing restructuring plan. Part of the effort entails the elimination of approximately $19 million in annualized cost from businesses or date. The company remains focused on reducing expenses as part of its restructuring plan.

T2 Biosystems, Inc. (NASDAQ: TTOO), a leader in rapidly detecting sepsis-causing pathogens, has been showing signs of breaking out after bottoming out of 2023 lows. The company has carved a niche in developing diagnostic products and product candidates that enable the detection of pathogens, biomarkers, and other abnormalities.

Renewed investor interest in the stock comes on the U.S. Food and Drug Administration granting the company breakthrough Device designation for its Candida auris direct direct-from-blood molecular diagnostic test. It marks the company's third product that has received FDA breakthrough designation.

The new diagnostic test is designed to enhance the detection of C. auris species from blood in just under five hours. The fact that it eliminates the need for having to wait for days for a positive blood culture affirms its edge in the segment

The breakthrough designation could accelerate the company's path to FDA clearance, therefore, providing clinicians with a valuable tool for rapidly detecting dangerous multi-drug resistant fungal pathogens. Candida Auris is a fungal pathogen that is a serious global health threat with a mortality rate of up to 60%.

Additionally, the company has inked a collaborative relationship with Vanderbilt University Medical Centers. Under the terms of the agreement, VUMC is to implement and evaluate T2 Biosystems FDA-cleared T2Bacteria Panel in a clinical setting. It is also to conduct a prospective study to test T2Bacteria's impact in improving antibiotic usage and clinical interventions for patients with bloodstream infections.

 

 

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