re: Investing in Biotech

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 11/23/21 at 1:25 pm to cgrand

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

$36.80 close when you posted this.

$17.46 currently

I really hope I'll have 15k to throw at this if it reached 15 again.

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 11/23/21 at 1:25 pm to bayoubengals88

BTW, those with cash should be throwing darts at small pharma. Now is the time.

Posted by el Gaucho

He/They

Member since Dec 2010

58517 posts

Posted on 11/23/21 at 3:43 pm to bayoubengals88

Bruh what about opgn

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 11/24/21 at 8:48 am to el Gaucho

quote:
Bruh what about opgn

Tell me about ‘em.

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 11/24/21 at 10:30 am to bayoubengals88

Signs of life today in biotech! Could bounce again to 135…

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

35878 posts

Posted on 11/24/21 at 10:53 am to bayoubengals88

quote:
When would you buy more?

Sorry, just saw this. I think the FDA will rule on AXS-05 by mid December, and would be shocked if it wasn't approved. So before then. Disclaimer: I do not know any of this with 100% certainty, I just have reasons to believe.

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 12/14/21 at 9:28 pm to Chucktown_Badger

Anyone who isn't auto investing in XBI or their favorite names in biotech doesn't like money too much.

AKBA
ALBO
AUPH
BCRX
CARA
MYOV
NVTA
PIRS

to name a few...

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

35878 posts

Posted on 2/7/22 at 2:22 pm to Chucktown_Badger

quote:
Sorry, just saw this. I think the FDA will rule on AXS-05 by mid December, and would be shocked if it wasn't approved. So before then. Disclaimer: I do not know any of this with 100% certainty, I just have reasons to believe.

My latest "gut feeling" on this is that something will happen before the end of March. So anyone who's thought about jumping in may want to do so soon. Keep in mind that this could be a potentially massive double win, given that the AXS-07 PDUFA would follow a month later.

quote:
The U.S. Food and Drug Administration (FDA) has accepted for filing the Company's New Drug Application (NDA) for AXS-07 for the acute treatment of migraine, and has set a Prescription Drug User Fee Act (PDUFA) target action date of April 30, 2022.

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

35878 posts

Posted on 3/11/22 at 11:18 am to bayoubengals88

quote:
quote:
Axsome
When would you buy more?

Did you ever jump in? AXSM up around 40% over the last 6 weeks. All indicators are that AXS-05 will get an answer this month in MDD and AXS-07 PDUFA at the end of April for migraine.

I picked up a June $32.50 call in addition to my shares, which was expensive as shite, but if either one of those gets the nod it should print. If both do I should be sitting real pretty.

This post was edited on 3/11/22 at 11:18 am

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 3/11/22 at 12:16 pm to Chucktown_Badger

quote:
Did you ever jump in?

Nope. Not enough money to buy that would make any kind of difference.

This sector is still absolute trash. Wow.
Gotta rebound eventually. So many names now down 70-80%

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 3/14/22 at 10:32 am to bayoubengals88

$83 for XBI

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

35878 posts

Posted on 3/14/22 at 10:55 am to bayoubengals88

quote:
Nope. Not enough money to buy that would make any kind of difference.

Maybe I'm misinterpreting, but an 80% return is 80% on however much you throw in.

Posted by Hussss

Helena, AL

Member since Oct 2016

7777 posts

Posted on 3/14/22 at 10:57 am to bayoubengals88

IBB up 1%

These weird anomalies are quite common during OPEX week

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

35878 posts

Posted on 3/29/22 at 9:48 am to Chucktown_Badger

quote:
My latest "gut feeling" on this is that something will happen before the end of March. So anyone who's thought about jumping in may want to do so soon.

Big run up to the potential FDA decision, which certain people anticipate by end of week. Was ~$30 when I posted that, jumped over $40 today.

AXS-07 decision in migraine next month.

This post was edited on 3/29/22 at 10:01 am

Posted by bayoubengals88

Member since Sep 2007

23512 posts

Posted on 3/29/22 at 10:12 am to Chucktown_Badger

quote:
which certain people anticipate by end of week

I prefer to actually know when the date is.
Like with AUPH last year and AKBA today.

I was tempted to buy at $30. Not so much at $40...

This post was edited on 3/29/22 at 10:14 am

Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

35878 posts

Posted on 3/29/22 at 10:15 am to bayoubengals88

I think we all would prefer to have a set date, and we did. It's very odd to me that they didn't get a new one after the delay. But I have a good sense on this one, and then the date for AXS-07 is April 30.

Also, just having a date doesn't mean it's a good drug or will get approved, or is launching with an indication that will generate sales.

This post was edited on 3/29/22 at 10:16 am