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re: Investing in Biotech

Posted on 8/20/21 at 9:25 am to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 8/20/21 at 9:25 am to
quote:

I would suggest people take another look at the price targets on AXSM as well. Low price target is $62, high is $225, median is $132.

It's trading $69 right now.

Sentiment is 100% bullish and options are not cheap.


LINK

So the past few weeks have not been kind to my boy AXSM. They get a letter from the FDA that there were deficiencies in their submission, and their PDUFA date is coming up in a few days. The stock absolutely tanked on that news as there's a decent likelihood they get a complete response letter, which would push out possible approval by a while depending on what they ask for.

I've added to my position a) hoping for a surprise on Sunday, b) some other positive results were released since that FDA letter landed, and c) this is not the only drug in their pipeline with tremendous promise. AXS-07 is looking great as well. Axsome Pipeline

If 05 is approved this sucker will probably double or more on Monday, downside with a CRL may depend on what their demands are. Anyone else in it with me?
This post was edited on 8/20/21 at 9:27 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 8/20/21 at 9:52 am to
Up over 7% on the day. Will be curious if that continues toward the close. If so I would hope that means that someone knows something.

One thing I do know is that their agency folks will not have any free time or get much sleep this weekend. I used to be one
Posted by FLObserver
Jacksonville
Member since Nov 2005
15843 posts
Posted on 8/20/21 at 4:36 pm to
quote:

there’s a better than zero chance that NVTA will change the world.
their backers surely think they will

big money can’t loan them money fast enough

Cut in half in the last 8 months. Not saying it cant rebound but that is an ugly chart in the last 8 months
This post was edited on 8/20/21 at 4:42 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 8/20/21 at 4:40 pm to
quote:

21.56 +1.65 (+8.29%)
At close: 4:00PM EDT

21.76 +0.20 (0.93%)
After hours: 05:36PM EDT


Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79337 posts
Posted on 8/20/21 at 4:40 pm to
quote:

Been this way forever, safest play is definitely through an ETF spread out over many companies. Too many regulatory hurdles and lawsuits to really to get too comfy with a single player IMO.


You also don't know which ones will find something that works.

It's like betting on a roulette wheel.
Posted by el Gaucho
He/They
Member since Dec 2010
58518 posts
Posted on 8/20/21 at 4:46 pm to
There won’t be advances in biotech

I’ve invested in a ton of companies thatre gonna cure cancer or whatever and I’ve even made money off of some of them but one day I’m gonna get cancer and I’m gonna tell the doctor excitedly about how i invested in a company that mapped the genome and invented an immunotherapy for this specific kind of cancer with a 100% success rate

And he’s gonna be like yeah whatever man sit still we gotta cut your balls off

Billionaires take all the good shite and it never sees the light of day and it’s only gonna get worse
Posted by whodats26
Metairie
Member since Jan 2008
153 posts
Posted on 8/20/21 at 8:02 pm to
I'm gonna give you one of my Bio's with tons of potential I bought last week. I'm up 65% in 5 trading days. I think this has a ton more left in the tank. Just take 30 mins and read about what they're doing. TSOI you welcome and GL!
Posted by el Gaucho
He/They
Member since Dec 2010
58518 posts
Posted on 8/22/21 at 9:03 am to
Thanks bro! I’m already in tsoi put about 10k either Monday or Friday before that

Uhh this is either a scam or not but look up ibgr. Been in this one like a week, they’re a failed energy company of some sort merging with an under armor type deal owned by ex Canadian rugby players. They already got factories in Brazil. Company is called dryworld and the ticker is supposed to change to dryw soon

It’s super low float only 160 million shares I think! Went up pretty good on Friday but if this isn’t a scam it’s gonna be lit
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 8/23/21 at 11:42 am to
FDA informed axsome they wouldn't have a decision on their PDUFA date. I've never heard of that before as that's the whole point of that program... getting a decision by a specific date.
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 8/23/21 at 4:27 pm to
I’m expecting Humacyte to get murdered after their SPAC merges, like commons going down to $5-6, and will load up heavily there.
Posted by bayoubengals88
LA
Member since Sep 2007
23512 posts
Posted on 8/26/21 at 6:24 pm to
Can someone learn me about SAVA?

What a beating!
Posted by bayoubengals88
LA
Member since Sep 2007
23512 posts
Posted on 10/1/21 at 8:58 am to
Bump. Lots of good deals out there today
BCRX
AKBA
CARA
GTHX
HGEN

(I only own AKBA out of these)
Posted by bayoubengals88
LA
Member since Sep 2007
23512 posts
Posted on 10/1/21 at 9:03 am to
Adding PIRS
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/1/21 at 3:19 pm to
I wrote down novavax after watching a video the other day. Can cross that one off the list
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 10/12/21 at 1:44 pm to
quote:

FDA informed axsome they wouldn't have a decision on their PDUFA date.


AXSM up 12.5% today and >$6/share in the last 5 days. Hoping that means someone knows something on AXSM-05 (or AXSM-07).

ETA: 15%
This post was edited on 10/12/21 at 2:44 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 10/13/21 at 2:18 pm to
AXSM up again today. 31% the last two days. Someone knows something.
Posted by bayoubengals88
LA
Member since Sep 2007
23512 posts
Posted on 10/13/21 at 5:56 pm to
quote:

AXSM up again today. 31% the last two days. Someone knows something.

Been following and missed out. Congrats.

Good to see XBI bounce off $120 area for the third time this year.
Posted by bayoubengals88
LA
Member since Sep 2007
23512 posts
Posted on 11/9/21 at 11:03 am to
quote:

NVTA


quote:

This is the way.


Well, the time is now.

Fwiw, I know nothing about this company.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35878 posts
Posted on 11/12/21 at 1:58 pm to
From a recent Axsome press release:

quote:

Depression: Axsome’s New Drug Application (NDA) for AXS-05 for the treatment of MDD was granted Priority Review and is currently under review by the FDA. On August 20, 2021, the FDA informed the Company in a teleconference that its review of the NDA would not be completed by the Prescription Drug User Fee Act (PDUFA) target action date of August 22, 2021. The Company was recently informed of two deficiencies related to analytical methods in the Chemistry, Manufacturing, and Controls (CMC) section of the NDA, which must be addressed prior to the FDA taking action on the NDA. The Company believes these deficiencies are addressable and is confirming the details of the request with the FDA.


I work in the pharma industry and reading the tea leaves I have reason to believe there will be a decision on this within the next 30 days, so anyone wanting to get in before the yes/no comes down may want to consider pulling the trigger. Their phase III results were impressive and it doesn't sound like efficacy is an issue.
This post was edited on 11/12/21 at 1:59 pm
Posted by Strannix
C.S.A.
Member since Dec 2012
52936 posts
Posted on 11/13/21 at 11:48 am to
Whoever has the best lobbyists will blow up, big pharma will be the biggest piece of the great reset
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