Revolutionizing drug discovery. Thus, the healthcare play's stock has been quite volatile, in turn impacting on valuations, and, given its past performance, there are further risks of fluctuations in case it is subject to a "meme theme". https://www.businesswire.com/news/home/20210121005759/en/, Amanda Forster,Public_Relations@PremierInc.com, ProvideGx Partners with Pfizer Inc. to Secure the Supply of Five Essential Medications, https://www.businesswire.com/news/home/20210121005759/en/. WebGameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Premier Inc. (NASDAQ: PINC), through its ProvideGx program, has partnered with Pfizer Inc. to supply five essential medications to healthcare providers, helping to meet the immediate and long-term supply needs of medications necessary to a range of patient care interventions, including some that have been critical during the COVID-19 pandemic. Progenity's Oral Biotherapeutic Delivery System is an ingestible capsule that can be swallowed to deliver large molecules, including monoclonal antibodies, peptides, (Photo credit: Getty Images). Premiers programs, including ProvideGx, currently provide members access to more than 150 drugs that are or have been recently designated as shortage drugs, with a pipeline of more than 50 additional drugs. The post Progenity Stock May Not Be a Great Short-Squeeze Play, But It Has Potential appeared first on InvestorPlace. For this purpose, I am not a classical equity researcher or fund manager, but, I come from the IT world as the founder ofKeylogin Information and Technologies Co. Ltd.Thus, my research is often backed by analytics and I make frequent use of charts to support my position.I also invest, and thus, in this tumultuous market, I often look for strategies to preserve capital.As per my career history below, I have wide experience, initially as an implementer in virtualization and cloud, and I was subsequently a team leader and project lead, mostly working in telcos.I have also been a mediocre entrepreneur in real estate, and a farmer, and like to dedicate at least 5 hours per week to working on a non-profit basis. The Pfizer/BioNTech vaccine development program is evaluating at least four experimental vaccines, each of which represents a unique combination of messenger RNA (mRNA) format and target antigen. WebBuild a better benefits package with Progyny. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. This designation was granted based on preliminary data from Phase 1/2 studies that are currently ongoing in the United States and Germany as well as animal immunogenicity studies. No serious adverse events were reported. Got a lot of experience in the 2008/2009 downturn when I lost a lot. Forward-looking statements may include comments as to Premiers beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside Premiers control. In the fourth quarter Progenity made important progress in transforming into an innovation-led biotherapeutics company initially focused on its targeted and systemic biotherapeutics platforms. pharma, like those it is partnering with. These symbols will be available throughout the site during your session. In addition to engagements with governments, Pfizer and BioNTech have provided an expression of interest for possible supply to the COVAX Facility, a mechanism established by Gavi, the Vaccine Alliance, the Coalition for Epidemic Preparedness Innovations (CEPI) and World Health Organization (WHO) that aims to provide governments with early access to a large portfolio of COVID-19 candidate vaccines using a range of technology platforms, produced by multiple manufacturers across the world. Progenity's ingestible capsules have attracted the attention of Ionis Pharmaceuticals (IONS), with its novel antisense therapies designed to target mRNA in a highly specific manner. SAN DIEGO, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Progenity) (Nasdaq: PROG), an innovative biotechnology company, today announced that it has conducted its initial public offering (IPO), 7 Retirement Stocks to Scoop Up if the Asset Bubble Bursts, Progenity Stock May Not Be a Great Short-Squeeze Play, But It Has Potential, Do Not Sell My Personal Information (CA Residents Only), An ingestible device for delivery of a therapeutic agent to the gastrointestinal tract, Treatment of inflammatory conditions of the gastrointestinal tract with a Janus kinase (JAK) inhibitor, Treatments of GI tract diseases with a SMAD7 inhibitor and, separately, with a chemokine/chemokine receptor inhibitor. Depending on success in clinical trials, todays agreement will enable the delivery of approximately 100 million doses of this vaccine to the American people.. German biotech BioNTech SE worked on cancer treatments, and was developing an influenza vaccine with Pfizer Inc., when its founder, Ugur Sahin, led the Progenity, Inc. Market Cap $30M Today's Change (-1.83%) -$0.06 Current Price $3.22 Price as of February 17, 2023, 4:00 p.m. The share price fell to $5 and change by the end of 2020, and even sank below $1 in late September of this year. Additional disclosure: This is an investment thesis and is intended for informational purposes. Investor Relations WebValorisation Recherche Hscm, Limited Partnership: Progenity, Inc. Risks and uncertainties include, among other things, the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as the possibility of unfavorable new preclinical or clinical trial data and further analyses of existing preclinical or clinical trial data; risks associated with preliminary data; the risk that clinical trial data are subject to differing interpretations and assessments, including during the peer review/publication process, in the scientific community generally, and by regulatory authorities; whether and when data from the BNT162 mRNA vaccine program will be published in scientific journal publications and, if so, when and with what modifications; whether regulatory authorities will be satisfied with the design of and results from these and future preclinical and clinical studies; whether and when any biologics license applications may be filed in any jurisdictions for any potential vaccine candidates under the collaboration; whether and when any such applications may be approved by regulatory authorities, which will depend on myriad factors, including making a determination as to whether the products benefits outweigh its known risks and determination of the products efficacy and, if approved, whether any such vaccine candidates will be commercially successful; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could affect the availability or commercial potential of any such vaccine candidates, including development of products or therapies by other companies; manufacturing capabilities or capacity, including whether the estimated numbers of doses can be manufactured within the projected time periods indicated; whether and when a future production agreement with the United States will be reached; whether and when other supply agreements will be reached; uncertainties regarding the ability to obtain recommendations from vaccine technical committees and other public health authorities regarding any such vaccine candidates and uncertainties regarding the commercial impact of any such recommendations; and competitive developments. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. Progenity, Inc. SAN DIEGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, today announced that the Based on its deep expertise in mRNA vaccine development and in-house manufacturing capabilities, BioNTech and its collaborators are developing multiple mRNA vaccine candidates for a range of infectious diseases alongside its diverse oncology pipeline. The biotech company is developing a test called Preecludia that rules out InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Progenity is transitioning away from molecular testing operations to focus on the development of biotherapeutics. Combined with a substantially reduced cash burn, Progenity has extended cash runway to support its clinical development programs into 2023. InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. As a result, investors should keep in mind that this is a very high-risk speculative opportunity before adding any shares. Go to Progenity_PROG New Partnership @EqualizerFlash, the worlds first dedicated #DeFi flash loans platform, will deploy on @syscoin #NEVM. At that offering, the company sold approximately 6.6 million shares for $15 apiece. WebOn the OBDS front, Progenity is already partnering with three drug makers, including at least one major pharmaceutical company, with which it established an alliance in the Lorazepam and diazepam are controlled substances used as anti-anxiety medications. Its not psychologically easy to invest in a stock thats been trending downward. This press release contains forward-looking statements of BioNTech within the meaning of the Private Securities Litigation Reform Act of 1995. The program has also ensured an adequate safety stock of medicines and has successfully protected supply even as demand surged more than 150 percent during the COVID-19 pandemic. For a discussion of these and other risks and uncertainties, see BioNTechs Annual Report on Form 20-F filed with the SEC on March 31, 2020, which is available on the SECs website at www.sec.gov. Pfizer will pay Beam $300 million to develop treatments for rare genetic diseases of the liver, muscle and central nervous system as part of the four-year deal, The Company exploits a wide array of computational discovery and therapeutic drug platforms for the rapid development of novel biopharmaceuticals. Learn about SARS-CoV-2, the coronavirus that causes COVID-19, what you can do to stay safe and prevent the spread, and our scientific efforts to help bring an end to the current global health crisis. Progenitys primary specialty is orally administered biotherapeutics that diagnose and/or treat GI issues. Here, there was the successful completion of the validation study PRO-104 for the Preecludia test for preeclampsia in September. In some cases, you can identify forward-looking statements by terms such as may, might, will, objective, intend, should, could, can, would, expect, believe, design, estimate, predict, potential, plan or the negative of these terms, and similar expressions intended to identify forward-looking statements. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. On July 1st, Pfizer and BioNTech announced preliminary data from BNT162b1, the most advanced of the four mRNA formulations. Progenity, Inc. PROG; Pfizer Announces Positive Phase 2b/3 Results For Autoimmune Disease That Causes Hair Loss. Investor Relations capital structure by reducing the debt level, the company has also issued patents to protect the fruit of its R&D activities. Net loss from discontinued operations was $10.1 million for the three months ended December 31, 2021 and net loss per share for discontinued operations was $0.06, compared to net loss from discontinued operations of $6.9 million and net loss per share of $0.07 for the three months ended September 30, 2021. For this purpose, the company established a partnership with Augmenta Bioworks with the treatment aimed at patients with COVID-19. In a statement to Forbes, a company spokesperson said Mondays deals were about expanding and deepening Pfizers mRNA capabilities and allied technologies to unlock the full potential of mRNA. The company is focusing its mRNA strategy on four key areas: continuing research into its Covid-19 vaccine; building its infectious disease mRNA vaccine pipeline; expanding mRNA research into new therapeutic areas including rare diseases and cancer; and investing in applying mRNA technology to other areas in need of innovation. Preecludia validation study results for preeclampsia were published in the Journal of Pharmaceutical and Biomedical Analysis. In the last few months we have completed the sale of our Avero affiliate, strengthened the focus of the company on our oral therapeutics programs and positioned the company to successfully deliver on its potential to impact the treatment of serious diseases, said Adi Mohanty, Chief Executive Officer of Progenity. The borrow fee is 74.6% on shares. Guided by health systems with more than 1,600 hospitals across the nation, Premiers ProvideGx program creates long-term committed buying contracts that provide participating manufacturers with the surety needed to increase production or move into new markets. It has indicated that a non-profit dose costs just $6.75, or 4.98, to produce, Thus, it has significant potential to aid in the assessment and management of preeclampsia, with the Preecludia test expected to target an addressable market of up to $3 billion in the U.S. alone. Please. Please disable your ad-blocker and refresh. The executives also remain confident that total operating expenses (again before stock-based compensation) will reach less than $25 million in the fourth quarter (chart below), as Progenity completes the cost reduction exercise associated with its lab operation. Pfizer is conducting a full agency review, including its PR accounts. Greater San Diego Area. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. More information on potential factors that could affect Premiers financial results is included from time to time in the Forward-Looking Statements, Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Premiers periodic and current filings with the SEC and available on Premiers website at investors.premierinc.com. This represents a positive for the balance sheet in view of the transition from a molecular testing play to one focused on research implying fewer revenues and more expenses over a long period of time as is the case with biotechnology. This marks the This agreement is one of many steps towards providing global access to a safe and efficacious vaccines for COVID-19. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This marks the third collaboration for the OBDS, further demonstrating the interest of the industry in the oral delivery of large molecules. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. In the same way, Progenity has entered into additional partnerships with two large pharmaceutical plays to evaluate their therapeutic with the OBDS. WebWe are excited to announce ATSF partnership with Pfizer, one of leading pharmaceutical companies in the world, to manage their portfolio products in primary | 16 commentaren op LinkedIn. Labetalol is a beta blocker that is used to treat high blood pressure. Net loss from discontinued operations was $10.1 million for the three months ended December 31, 2021 and net loss per share for discontinued operations was $0.06, compared to net loss from discontinued operations of $23.0 million and net loss per share for discontinued operations of $0.47 for the three months ended December 31, 2020. Type a symbol or company name. About Pfizer: Breakthroughs That Change Patients Lives. Comparison of Full Year Ended December 31, 2021 and 2020. As part of the deal, the financial details of which were not disclosed, Pfizer has the option of licensing the technology for up to ten vaccines or therapies. Media Relations With its oral delivery mechanism, Gastrointestinal targeted therapies, and women's health tests, the company has potential despite generating meager revenues. Fourth Quarter 2021 Results and Other Recent Corporate Highlights. It then acquired Bamboo Headquartered in Charlotte, N.C., Premier is passionate about transforming American healthcare. On top of that, the company trades for 40 times forward sales, which seems like a very lofty multiple. Thinking about buying stock in Timber Pharmaceuticals, Warner Bros, Alibaba, MannKind, or ON Semiconductor. The company has a market cap of $35.14 million, a PE ratio of -0.77 and a beta of 2.25. At that time, the company sold These forward-looking statements may include, but may not be limited to, statements concerning: BioNTechs efforts to combat COVID-19; the timing to initiate clinical trials of BNT162 and anticipated publication of data from these clinical trials; the timing for any potential emergency use authorizations or approvals; the potential to enter into additional supply agreements with other jurisdictions or the COVAX Facility; the potential safety and efficacy of BNT162; the collaboration between BioNTech and Pfizer to develop a potential COVID-19 vaccine; and the ability of BioNTech to supply the quantities of BNT162 to support clinical development and, if approved, market demand, including our production estimates for 2020 and 2021. Specifically, Progenitys earnings per share, on a trailing 12-month basis, is -$4.28. Both of these have multiple studies ongoing, having reached the preclinical stage in the third quarter of 2021. Investigating further, it is a serious health problem for pregnant women around the world and affects 2-8% of pregnancies worldwide. Progenity: Topping the list for the fourth straight week is biotech company Progenity Inc PROG . He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. I am neutral on Progenity (PROG), as its strong growth potential, general support from Wall Street analysts, and high upside potential relative to its consensus price target are offset by its current steep losses and highly speculative outlook. Release contains forward-looking statements of BioNTech within the meaning of the Private Securities Litigation Act. Of Nasdaq.com progenity and pfizer partnership beta of 2.25 the market with Smart Portfolio analytical tools powered by TipRanks cap of $ million! Be able to see real-time price and activity for your symbols on the development biotherapeutics... 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