Stock of the Day

May 18, 2023

Heatwurx (PCSA)

$2.31
+$0.07 (+3.1%)
Market Cap: $6.20M

About Heatwurx

Processa Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops chemotherapy drugs to improve the safety and efficacy of cancer treatment. Its drugs are modifications of existing FDA-approved oncology drugs resulting in an alteration of the metabolism and/or distribution of drugs while maintaining the existing mechanisms of killing the cancer cells. The company's pipeline includes three chemotherapy drugs comprising Gemcitabine, PCS3117 that has completed Phase 2a clinical trials to treat pancreatic, biliary tract, lung, ovarian, breast, and other cancers; Capecitabine, a combination of PCS6422 and capecitabine that has completed Phase 1b clinical trials to treat metastatic colorectal, gastrointestinal, breast, pancreatic, and other cancers; and Irinotecan, PCS11T that is in pre-clinical studies to treat lung, colorectal, gastrointestinal, pancreatic, and other cancers. It also develops non-oncology drugs consisting of PCS12852 for treatment of gastroparesis; and PCS499 to treat patients with ulcerative and non-ulcerative necrobiosis lipoidica. The company has license agreements with Elion Oncology, Inc.; Ocuphire Pharma, Inc.; Aposense, Ltd.; Yuhan Corporation; and CoNCERT Pharmaceuticals, Inc. Processa Pharmaceuticals, Inc. was founded in 2011 and is based in Hanover, Maryland.

Today's Trend

Heatwurx Inc. (PCSA) — The stock moved sharply higher after press coverage and a company/peer clinical update tied to the PCSA ticker. Market action included multiple intraday halts (LULD and “news pending”), indicating extreme volatility and heavy trading volume. Below are the items most likely driving the move and what investors should watch next.

  • Company/peer clinical update — A Phase 2 update reported that PCS6422 combined with capecitabine increased active metabolite exposure while maintaining comparable safety versus capecitabine alone, a clinical result investors view as materially positive for oncology upside. GlobeNewswire Release
  • Analyst/press amplification — Market outlets highlighted the Phase 2 news; Zacks and other outlets flagged the clinical update as a catalyst, triggering heavy buying and momentum traders. Zacks Story
  • Market write-ups — Secondary coverage (e.g., American Banking News) reiterated the upside and speculated on next catalysts, helping sustain buying interest and headline-driven momentum. American Banking News
  • Repeated trading halts — Numerous LULD pauses and a “news pending” halt were logged across Dec. 17–18; these are technical responses to rapid price moves and large order flow, and they point to elevated intraday volatility and liquidity risk for traders.

What investors should watch: follow-up clinical detail (full data, safety breakdown, regulatory pathway), volume/short-interest shifts, and whether company filings/IR confirm the press reporting. The immediate price move appears driven by the Phase 2 update and subsequent media amplification; the halts reflect volatility, not a change in the underlying clinical message.