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Investors lose patience with Trovagene

May 16, 2014 4:03 PM ETCardiff Oncology, Inc. (CRDF) StockBy: Douglas W. House, SA News Editor6 Comments
  • Shares of thinly traded nano cap Trovagene (TROV -8.8%) continue their slide today on 4x higher volume. Prices have now cratered 66% from the $10.27 August 5 high.
  • The company reported Q1 results earlier in the week. Notable by their absence are any revenues from its much-ballyhooed transrenal nucleic acid tests. It launched a BRAF test in its CLIA lab in October of last year and a KRAS test in March, but no revenues have been generated yet. Per its 10-Q, all of its $111K in revenues come from NPM1 royalties.

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