This Article Examines SmallCap Biotech Stocks Opportunities for Potential Growth in the Medical Sector.
Intelligent Bio Solutions Inc (NASDAQ:INBS) - It is a medical technology company that is involved in the development of non-invasive, fast, and intelligent testing solutions. Its flagship product is the Intelligent Fingerprinting Drug Screening System which has had a revolutionizing effect on portable testing through fingerprinting sweat analysis space.
On June 20 the company announced that it had been granted the second progress payment to the tune of $1.43 million in relation to the scientific grant that had been awarded to the company worth $4.7 million in 2021. The latest tranche of the grant brought the total grant received by Intelligent Bio Solutions to $3.25 million.
The grant had been made by the Department of Industry, Science, Energy and Resources’ Modern Manufacturing Initiative of the Australian Federal Government and is known as the Medical Products Priority Grant.
Cerus Corporation (NASDAQ:CERS) - The company is focused on safeguarding the worldwide blood supply and is looking to turn into the world's leading global blood products entity. It is based out of Concord in California and develops and also supplies pathogen-protected blood components as well as technologies to hospitals and blood centers, which need safe blood for its patients.
On June 5, it was announced that the company had got an additional $8.7 million contract amendment to the originally decided upon $9.1 million from the United States Department of Defense (DoD) Industrial Base Analysis and Sustainment (IBAS) program. As part of the program, the company would be involved in developing pathogen-reduced lyophilized cryoprecipitate, for treating bleeding caused by trauma.
Hims & Hers Health Inc (NYSE:HIMS) - The company is involved in operating a telehealth platform that is involved in connecting consumers to licensed healthcare practitioners. Additionally, Hims & Hers Health Inc also offers a wide array of health and wellness services and products. All those products and services could be purchased by consumers directly through its website or its mobile app.
The company announced on June 13 the launch of its latest hair care offering for women. The new brand is the Hair Blends line and it would provide access to certain formulations which had been created in such a way so that women could benefit from more personalized options for treating hair loss.
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