It green morning with biotechs taking part in the early rally and showing perhaps some minor strength but nothing earth shattering. Again it was a relatively quiet day on the news front, so I will do a couple of quick hitters today. 1. PCYC got another positive sell side report. I think we are clearly […]
October 3- EOD
Outside of a weak day in the macro which appears mainly related to macro issues, there does not seem to be a ton of news. Biotechs were obviously weak with the broader market but there was some green sprinkled in but they were few and far between. I will highlight a couple of companies but […]
October 2- EOD
Some macro weakness today but biotechs seemed to hold up fairly well. While most were red, it did not seem to be overdone to the downside. Plus, there were some pockets of green. All in all, not a great day to be in biotechs but it could have been worse given the broader market. The […]
Catalyst Watch – Vol. 1, Edition 3 (10/2/13)
Below are current tactical and strategic thoughts on approaching FDA and clinical trial catalysts for select names. Estimates, values and views are as of the date of publishing (or are noted) and are subject to potential future, pre-catalyst revision: (1) Catalyst Watch List – Updates: AMRN: Stock continues to climb (now at $6.85). No delay […]
October 1- EOD
It was a fairly busy day today in biotech land the sentiment certainly appears more positive. They participated in the market rally even though most were not big losers in the recent macro selling. This is certainly positive going forward. I want to focus on the MRK news as it touches on a lot of […]
Week’s Option Activity (9/23~9/27)
The following stocks had notable activity in their options during the past week(s): $EDAP (9/23): Bullish long term Call buys. 750 FEB14 2.50 strike Calls (stock at $2.68) were bought for 0.60 or $45,000. Also 750 MAY14 2.50 strike Calls were bought for 0.70 or $52,500. For these trades, buyer makes money if the stock […]
September 30-EOD
There was certainly some interesting news and action today. The market was weak early but biotech was much more mixed than one would have expected. It is good to see those pockets of strength during the broad market sell offs. 1. ARIA was interesting on two levels: AP113 data and Iclusig sales. There was additional […]
September 30-EOD
There was certainly some interesting news and action today. The market was weak early but biotech was much more mixed than one would have expected. It is good to see those pockets of strength during the broad market sell offs. 1. ARIA was interesting on two levels: AP113 data and Iclusig sales. There was additional […]
September 30-EOD
There was certainly some interesting news and action today. The market was weak early but biotech was much more mixed than one would have expected. It is good to see those pockets of strength during the broad market sell offs. 1. ARIA was interesting on two levels: AP113 data and Iclusig sales. There was additional […]
ISIS Huntington’s Disease Program: A good start on an ambitious target
Huntington’s Disease (HD) is a neurodegenerative disease characterized by motor, cognitive and psychiatric symptoms. The most typical symptom, but by far not the only, is the occurrence of incontrollable, random and sudden movements (chorea). Symptoms appear around 30 and 40, and the life expectancy after the first manifestations is two decades. Huntington’s is caused by […]
Quick comments on Achillion and TG Therapeutics
(with Jason Chew) In biotech, all too often are investors given news on Friday that is not so good. With many updates expected by the end of the quarter, someone was bound to have the honors of being one of those companies. Today we had quite bad news out of Achillion and an update from […]
September 27- EOD
Not a particularly news rich day but the sector seemed to continue its momentum from yesterday and seemed to outperform the general market with a lot of green on a red day. 1. Well, it looks like JNJ is tossing another wrench in ECYT trials with more doxil supply problems. ECYT noted that they have […]
September 26-EOD
It was an interesting news day and biotechs even participated in the market strength today, which has not happened in a little while. I would not call the biotech action strong from a relative performance sense but it is encouraging to see them at least perform in line with the broader market. 1. Lilly(LLY) announced […]
Catalyst Watch – Vol. 1, Edition 2 (9/26/13)
Below are current tactical and strategic thoughts on approaching FDA and clinical trial catalysts for select names. Estimates, values and views are as of the date of publishing (or are noted) and are subject to potential future, pre-catalyst revision: (1) Catalyst Watch List – Updates: AMRN: The stock is up slightly ($6.58) from our last […]
What to look for at AASLD 2013
We wanted to take a moment to highlight some of the presentations at the 2013 Annual Meeting of the American Association for the Study of Liver Diseases. This conference takes place Friday, November 1st thru Tuesday, November 5th and covers . Research interest in new therapies against the hepatitis C virus(HCV) still remain high, although […]
September 25- EOD
A very interesting and odd day in the market today. Overall the market continued its weakness and biotechs were generally down. The market came back and it seemed to turn into a chop fest. I suspected that the CLVS news would have had a more negative impact on biotech sentiment but there did not seem […]
What to look for at ESMO 2013
Apropos to our post yesterday on upcoming medical conferences, we wanted to begin with some coverage of the European Cancer Congress 2013 (ECCO-ESMO). This conference takes place Friday, September 27th thru Tuesday, October 1st. Below we have some of the datasets and updates we are looking forward to seeing. ESMO planners also put out their, […]
KaloBios: a look at KB003 and KB004
(jointly with Jason Chew) KaloBios (NASDAQ: KBIO) completed its initial public offering this past January, securing $61.5 million in proceeds to fund operations and it recently raised $30M in a stock offering. In contrast to many companies in this year’s IPO class, KaloBios stock has suffered a drop of about 45% from its $8 debut […]
September 24- EOD
Not a lot going on today, which works out well as it has been a busy day for me outside of biotech. The market seemed to find its footing a little and biotechs appeared (dare I say it) a shade stronger than usual. A day does certainly not make a trend but I suspect that […]
September 24- EOD
Not a lot going on today, which works out well as it has been a busy day for me outside of biotech. The market seemed to find its footing a little and biotechs appeared (dare I say it) a shade stronger than usual. A day does certainly not make a trend but I suspect that […]
