The positive upward trend continues today for some of the open plays: INZY up 17%, CYBN up 12%, RAIN up 13%.
ORMP dropped 12% in the last hour, three theories: 1. (bad) news leak, 2. profit taking of a 40% run up the last month, 3. fear of a bad Friday after hours news, there is some history with biopharma companies.
IBRX is on a downtrend due to lack of news, there wassome expectations that IBRX would share a high level outcome of their meetings with the FDA from late December.
Don’t think this needs a separate thread but AMLX got a 50$ price target from BofA last week.
OI on their calls increased and IV as well.
Only catalyst I could find for January was an adverse effect study for their already approved drug for ALS, AMX0035.
For February, they’re waiting on the approval for their MAA from the EMA so that I think will be the most important short term catalyst.
I’ll keep this on my watchlist and create a new thread if needed.
CinCor Pharma, Inc. (NASDAQ: CINC) today announced that it has entered into a definitive agreement with AstraZeneca (NASDAQ: AZN) under which AstraZeneca has agreed to acquire CinCor.
Can you check $NOTV? I would be interested in your opinion. Its not directly “pharma” play, but they are directly “selling shovels” to pharma industry as they are providing NHPs as the only of 2 companies in US and also providing testings etc… They currently make their market cap in revenue in 2 months… I started thread with well written DD already.
They are currently being held withing fairly low range by 50% of dark pool trades.
They should have around their market cap held in NHPs in cambodia atm, around 130m. (They dropped coz lawsuits of illegal imports, which has been basically figured out by now) if they release the news on their ER in 10 days or so, they might very well double from current market price.
NBIX DD added, i start to shift towards catalyst in the 2nd half of the year so i can catch the run-up which was very decent (between 30*-100%) on majority of the plays so far.