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I’m holding as well. This will go eventually once people catch on.
Yea I don’t get it for the life of me. Very very low volume on this pull back. I’m still holding
Tocagen and Forte Biosciences Announce Merger
PR Newswire PR NewswireFebruary 19, 2020
Transaction to Create Nasdaq-listed Company Focused on Advancing Forte's Late-Stage Clinical Program for Atopic Dermatitis
$14 Million to be Invested by Alger, BVF Partners LP and OrbiMed Prior to the Closing of the Transaction
Companies to Host Conference Call to Discuss Transaction on February 20, 2020 at 8:30 a.m. ET
SAN DIEGO and TORRANCE, Calif., Feb. 19, 2020 /PRNewswire/ -- Tocagen Inc. (Nasdaq: TOCA), and Forte Biosciences, Inc., a privately held clinical-stage biopharmaceutical company developing a live biotherapeutic for the treatment of inflammatory skin diseases, announced today that they have entered into a definitive agreement under which Tocagen will merge with Forte in an all-stock transaction. The merged company will focus on advancing Forte's clinical program in inflammatory skin diseases, including atopic dermatitis. Upon stockholder approval, the combined company is expected to operate under the name Forte Biosciences and trade on the Nasdaq Capital Market under the ticker symbol FBRX.
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An investor syndicate that includes Alger, BVF Partners LP and OrbiMed have entered into a securities purchase agreement to invest $14 million in the combined company, subject to customary conditions. The financing will help fund the further development of the combined company's clinical programs, including lead asset FB-401, and is expected to close immediately prior to the completion of the merger. The total cash balance of the combined company following the closing of the merger and financing is expected to be approximately $25 million.
Forte's lead asset, FB-401, is a potentially first-in-class, live biotherapeutic being developed as a topical therapy for the treatment of inflammatory skin diseases, including atopic dermatitis. In a Phase 1/2a trial in adults and pediatrics, FB-401 demonstrated significant efficacy and a favorable safety and tolerability profile. The full trial results will be submitted for publication in a peer-reviewed journal in the first half of 2020. A randomized Phase 2 trial is planned to commence in mid-2020 in adults and pediatrics with atopic dermatitis, providing an expected data readout in mid-2021.
"We are excited about the opportunities created by this merger, as it positions us to become a global leader in inflammatory skin diseases with the funding needed to advance our pipeline towards regulatory approval and potential commercial launch," said Paul Wagner, president and chief executive officer of Forte. "Our team and advisors are committed to providing new treatment options, particularly for pediatrics with atopic dermatitis, for which few treatment options exist, and we look forward to delivering on this as we advance through development."
Marty J. Duvall, chief executive officer of Tocagen, remarked, "Following an extensive review of strategic alternatives, we believe that this merger with Forte is in the best interest of Tocagen's stockholders and has the potential to deliver immediate and long-term value to the stockholders. The strength and dedication of the Forte leadership team, combined with their highly differentiated technology platform and enthusiastic support from leading clinicians, provides a compelling foundation for future success for all stakeholders, and they have our full support."
TOCA Not getting any love today +35%
* * $TOCA Video Chart 03-09-2020 * *
Link to Video - click here to watch the technical chart video
whats the Story?
cant find any news ??
Great prediction. Just a few days off.
We should be flying to the moon Monday PM. I jumped in Friday end of day
* * $TOCA Video Chart 03-04-2020 * *
Link to Video - click here to watch the technical chart video
I see i see
1.35-1.75 eod rally
TOCA
Not even trying to follow you around. But you seem to be everywhere. Gloom and doom must follow you.
This is pump and dump scam
Do not touch this shareselling scam
$TOCA:
I think it will blast by $3 tomorrow.
Too much momentum.
And shorts have to cover.
* * $TOCA Video Chart 02-24-2020 * *
Link to Video - click here to watch the technical chart video
TOCA popped to 2.58 at open
amazing from .65 entry even though I sold earlier
Hourly was stretched Friday but it reset on early dip. Bullish
TOCA 2.11 still going
WOW.. Just goes to show that you never know what's going to truly unfold with an stock. I had a buy in for .70 this morning and then deleted the ticker from my view in order to focus on my targets... BOOM.. Congrats to those that banked!! That's why we are here. Def wish I had bought @.80... but no way I would have held for the HOD.
good call mate
lol.... you're a well-seasoned n00b
I traded TOCA-BXRX-CETX today
thats it
NOT a single penny
enjoy
* * $TOCA Video Chart 02-21-2020 * *
Link to Video - click here to watch the technical chart video
I get it and thank you appreciate the help as a newbie to the upper tiers..
doesnt mean you cant hold one, once in a while
but ive been transitioning over from OTC to BB for years
better to swing em
imo
laters
Yes... I noticed it's a whole different ball game... Completely changed my trading on the upper tier stocks...
I sold as high as 2.27
you cant go too long on these like you do on pennies
different ball game
trade em, hold a core if you like
but if you just hold, you usually hold a bag or run into an offering
these are more 2-3 day SWING trades
imo
have a great weekend all
I usually leave early on Fridays but I have to be honest lately Fridays on The Nas have been nothing but money..
And you know me I don't flip stocks but I had to today... Lol
7500 shares > rode this bull from 1.55 to 2.05 >
TOCA
2.35 was incredible...
+$1.70 from my 1st entry= Wow
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153916348
not many ihubbers trading TOCA, this is outside of lihub
Tough nut to crack but it's trying.
Congrats! thats an ultra happy green Friday!
Ditto for what incredible Friday afternoon have a great weekend my friend...
Good luck Jackson I had to exit 7 K on a Friday afternoon is just too much to give away..
Make that money...
Well like I said what's 140%>>
Lol..
I made a few hundred percent here already flipping GLTY when the split adjustment hits TOCA only gets 25% of the shares. I called $2.00 and got it from the dip this AM from .80's. I quietly trade my big boards.
LMMFAO
Yeah It's only money CJ what's 130%
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