The Bounce is On in Predictive Technology Group Inc (OTCMKTS:PRED) – The Oracle Dispatch

As we head into the fresh weekof trading, note the action on Friday in shares of Predictive Technology Group Inc (OTCMKTS:PRED). The rally looks tobe related to news of an uplist onto the OTCQX tier of the OTC market. But wewould also point out the companys announcement that a team mostly from PRED(including Kenneth Ward, M.D., laboratory director of Predictive Laboratoriesand chief executive officer of Juneau Biosciences; Rakesh Chettier M.S.,director of biostatistics of Predictive Laboratories; and Hans Albertsen,Ph.D., chief scientific officer of Juneau Biosciences) has received the 2019Endometriosis Special Interest Group (EndoSIG) Prize Paper in the Best inClinical/Population Science category.

According to the release, Dr. Albertsens presentation entitled Cytoskeletal and extracellular matrix genes are key contributors in the pathogenesis of endometriosis was delivered at the American Society for Reproductive Medicine (ASRM) 2019 Scientific Congress & Expo in Philadelphia on October 16. EndoSIG is a member group of ASRM aimed at fostering increased interest in the biology, pathophysiology and clinical management of endometriosis.

Predictive Technology Group Inc (OTCMKTS:PRED) promulgates itself as a company that, together with its subsidiaries, develops and commercializes discoveries and technologies involved in novel molecular diagnostic and pharmaceutical therapeutic/human cells, tissues, and human cellular and tissue-based products (HCT/Ps).

The company operates through two segments, Regenerative Medicine Products and HCT/Ps, and Diagnostics and Therapeutics. It offers ARTguide, a genetic diagnostic and prognostic test for women experiencing infertility as a result of endometriosis and other health concerns; and regenerative medicine products, including AmnioCyteT, AmnioCyte PlusT, PolyCyteT, and CoreCyteT.

The company was formerly knownas Global Enterprises Group, Inc. and changed its name to Predictive TechnologyGroup, Inc. in July 2015. Predictive Technology Group, Inc. was founded in 2005and is headquartered in Salt Lake City, Utah.

According to companymaterials, Predictive Technology Group aims to revolutionize patient carethrough predictive data analytics, novel gene-based diagnostics and companiontherapeutics through its subsidiaries Predictive Therapeutics, PredictiveBiotech, and Predictive Laboratories. These subsidiaries are focused onendometriosis, scoliosis, degenerative disc disease and human cell and tissueproducts. The subsidiaries use genetic and other information as cornerstones inthe development of new diagnostics that assess a persons risk of illness andtherapeutic products designed to identify, prevent and treat diseases moreeffectively.

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As noted above, PRED just announced that a team mostly from the company has received the 2019 Endometriosis Special Interest Group (EndoSIG) Prize Paper in the Best in Clinical/Population Science category.

Weve witnessed 28% tacked on to share pricing for the name in the past week. In addition, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed topping 120% over what the stock has registered over the longer term.

We are honored to receive this prestigious award from the ASRM Research Committee, said Dr. Albertsen. As endometriosis is generally characterized as a hormonal and inflammatory disease, current therapies often come with significant debilitating side effects. The scientific breakthroughs reported in these award-winning discoveries provide Predictive with insights into new non-hormonal therapies.

At this time, carrying acapital value in the market of $475M, PREDhas a bankroll ($1.8M) of cash on the books, which is balanced by about $14.1Min total current liabilities. One should also note that debt has been growingover recent quarters. PRED is pulling in trailing 12-month revenues of $43.5M.In addition, the company is seeing major top-line growth, with y/y quarterlyrevenues growing at 88%. You can bet we will update this one again as newinformation comes into view. Sign-up forcontinuing coverage on shares of $PRED stock, as well as other hot stock picks,get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $PRED, either long orshort, and we have not been compensated for this article.

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The Bounce is On in Predictive Technology Group Inc (OTCMKTS:PRED) - The Oracle Dispatch