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Yeah this was an easy play but does take guts to buy a play that announces its closing operations.. But the fear, sell the cheer.. Next easy runner is ADCF.
2.40'S GOING OFF
KBIO
Out KBIO for now. That was too easy. ASTI looking set for another runup. No shortage of buyers here.
Could it be that they are debt free but have assets that are worth enough to pay the shareholders well?
????? I guess when a company is Winding down Operations is good news lol..
Ridiculous
Shorting just doesn't seem ethical to me so don't do it. I personally would not short this with such a tiny float.
So knowing company closing, is the best play to short at this level??
It should have tanked but dumb shorts didn't factor in the tiny float and ran out of shares to short and were forced to chase. Tiny floats are always fun!
Consider it a gift. This should of tanked this am ?????
Will be fun to watch for next couple days??????
Nice pop today, all out now. Last sold at 1.77.. Prolly a bit early but was a nice profit!
Whoever said speculation was grounded in reality?
Out at $1.71
Salvage what I could from this am.
This will tank soon? Any value will be taken out of this stock trying to sell wind down company. ??????????? Will watch for final play. This is one for the text books??
Guess it pays to watch book value of company ????????
Could be just an epic squeeze with such a tiny OS.
Winding down operations what book value? its something else causing this
$1.64 at 2:15 E wow
Book value speculation.
Yea, very strange.. I'll just be watching. Until I hear something else. Good luck
Somebody knows something. For a stock to go from .20 cents premarket to .90 + is truly amazing when they anounce closing down??
I sold some to save, and still have some riding.
Time will tell.
Wont be surprised a lay suit is not forth coming ?????????
Also it says Strategic Transactions ended. So i dont see how a buy out can be on the table
Yea, This move back up is very surprising to me as well. never thought i would see it near 1$ again, unless there was a clear buy out offer. but i dont see that so its strange
buyout,,they need money,myop
Any thoughts on why this stock is moving up this AM??
It was down to .18 cents pre market now bouncing on .70 cents.
Dont under stand the move up after they anounced closing?? They have nothing to sell??
Well looking at the big picture, what do they have to sell. Only two item in phase 2 that just started?
? I dont think they own anything, or have any patents?
watch them get a buyout offer,,they ran outta cash mainly,,seen this game before,,holding tite mm took stops a/h,,set em high for nxt week,myop
News Ouch ! KaloBios to Wind Down Operations
Source: PR Newswire (US)
SOUTH SAN FRANCISCO, Calif., Nov. 13, 2015 /PRNewswire/ -- KaloBios Pharmaceuticals, Inc. (Nasdaq:KBIO) today announced that it will wind down its operations and that it has engaged the Brenner Group to lead those efforts.
KaloBios logo.
"Recent discussions around a number of possible strategic transactions have ended, and as a result, the company believes it is highly unlikely that continuing to explore strategic alternatives could generate a viable transaction within the time frame allowed by our limited cash resources," said Herb Cross, Chief Financial Officer and Interim Chief Executive Officer.
The company will discontinue its two current development programs, KB004, being studied in Phase 2 for certain hematologic malignancies, and lenzilumab, or KB003, scheduled to initiate Phase 1 development later this year in chronic myelomonocytic leukemia (CMML). KaloBios has engaged the restructuring firm of The Brenner Group to assist in the wind down of operations and liquidation of the company's assets. The company recently announced a reduction in operations and headcount affecting approximately 60% of the company's 28 employees. As a part of its wind down and handing over management of the wind down to The Brenner Group, the company expects to phase out the remaining employees over the next thirty to sixty days. As a result of these developments, the company will not be able to file its Form 10-Q for the third quarter, primarily due to resource constraints.
As a part of its restructuring and winding down, the company has repaid in full its outstanding secured loan obligation to MidCap Financial, secured lender to the company, in the approximate amount of $6.6 million.
For more information on KaloBios Pharmaceuticals, please visit our web site at http://www.kalobios.com.
Forward-Looking Statements
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and statements regarding the company's clinical development of KB004 and KB003. Forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct and you should be aware that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties including, but not limited to, the company's limited cash reserves and its ability to conduct business or obtain additional capital on acceptable terms, or at all, including the additional capital which would be necessary to complete the clinical trials that the company has initiated or plans to initiate; the potential timing and outcomes of clinical studies of KB004 and KB003 undertaken now or in the future, given the winding down of operations; the ability of the company to timely source adequate supply of its development products from third party manufacturers on whom the company depends; the potential, if any, for future development of our product candidates; the company's ability to successfully progress, partner or complete further development of its programs; the uncertainties inherent in clinical testing; the timing, cost and uncertainty of obtaining regulatory approvals; the company's ability to protect the company's intellectual property; competition; changes in the regulatory landscape or the imposition of regulations that affect the company's products; and other factors listed under "Risk Factors" in the company's most recent quarterly report on Form 10-Q filed with the Securities and Exchange Commission on August 10, 2015, the Annual Report on Form 10-K filed on March 16, 2015, and the company's other filings with the Securities and Exchange Commission.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The company has no obligation, and expressly disclaims any obligation to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, visit http://www.kalobios.com.
Contact:
Herb Cross
Chief Financial Officer
KaloBios Pharmaceuticals, Inc.
(650) 243-3114
ir@kalobios.com
Media Contact:
Joan E. Kureczka
Kureczka/Martin Associates
Tel: (415) 821-2413
Mobile: (415) 690-0210
Joan@Kureczka-Martin.com
Logo - http://photos.prnewswire.com/prnh/20130225/MM66380LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kalobios-to-wind-down-operations-300178659.html
SOURCE KaloBios Pharmaceuticals, Inc.
Copyright 2015 PR Newswire
Indeed... Stay out or go short if you can imo.
This ticker totally effed me. I added to my position on Wednesday to average down.
Doh!
KBIO management wins a putz award. Last year after the trial failure they had a pile of cash and just pissed it all off with nothing to show but intermittent ploys of R/S and whatnot. Pitiful, likely BK upcoming here should put the pps at sub .10 - possibly headed to .0001
shorts over stayed their position again $$$$ myop
Way overdue for some nice News here
all in peeps,,way oversold,,with news nxt week myop $$$$
Brokerages Give Average Rating of “Strong Buy”
http://www.dakotafinancialnews.com/zacks-brokerages-give-average-rating-of-strong-buy-to-kalobios-pharmaceuticals-nasdaqkbio/487117/
KBIO - Strong Buy
MC: 8.110.000 Dollar
Cash: 5,56 a share
Book: 2,55 a share
Chance - Risk: 90 ... 10
Barica Investments
Germany - Munich
BAvarian RIsk CApital
Filling intraday gap now but worth a hold,imo
Still have all
Nice bid 514. Half & half on it???
50k bid on this volume something is up
Moving now on light volume!! Watching
Positive divergence building up on all counts now!!!
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Humanigen, Inc. is a clinical-stage biopharmaceutical company developing its portfolio of next-generation cell and gene therapies for the treatment of cancers via its novel, GM-CSF neutralization and gene-knockout platforms. As a leader in GM-CSF pathway science, we believe that we have the ability to transform CAR-T therapy and a broad range of other T-cell engaging therapies, including both autologous and allogeneic cell transplantation. There is a direct correlation between the efficacy of CAR-T therapy and the incidence of life-threatening toxicities (referred to as the efficacy/toxicity linkage). We believe that our GM-CSF neutralization and gene-editing platform technologies have the potential to reduce the inflammatory cascade associated with serious and potentially life-threatening CAR-T therapy-related side effects while preserving and potentially improving the efficacy of the CAR-T therapy itself, thereby breaking the efficacy/toxicity linkage. Clinical correlative analysis and pre-clinical in vivo evidence points to GM-CSF as the key initiator of the inflammatory cascade resulting in CAR-T therapy’s side-effects. Pre-clinical in vivo data on the neutralization of GM-CSF using antibody or gene KO indicates that it is not required for CAR-T cell activity. Our strategy is to continue to pioneer the use of GM-CSF neutralization and GM-CSF gene knockout technologies to improve efficacy and prevent or significantly reduce the serious side-effects associated with CAR-T therapy.
We believe that our GM-CSF pathway science, assets and expertise create two technology platforms to usher in next-generation CAR-T therapies. Lenzilumab, our proprietary Humaneered® anti-GM-CSF immunotherapy, has the potential to be used in combination with any FDA-approved or development stage CAR-T therapy, as well as in combination with other cell therapies such as HSCT, to make these treatments safer and more effective. In addition, our GM-CSF knockout gene-editing platform has the potential to create next-generation CAR-T therapies that may inherently avoid any efficacy/toxicity linkage, thereby potentially preserving the benefits of the CAR-T therapy while altogether avoiding its serious and potentially life-threatening side-effects.
The company’s immediate focus is combining FDA-approved and development stage CAR-T therapies with lenzilumab, the company’s proprietary Humaneered® anti-human-GM-CSF immunotherapy, which is its lead product candidate. A clinical collaboration with Kite, a Gilead Company, was recently announced to evaluate the use of lenzilumab with Yescarta®, axicabtagene ciloleucel, in a multicenter clinical trial in adults with relapsed or refractory large B-cell lymphoma. The company is also focused on creating next-generation combinatory gene-edited CAR-T therapies using strategies to improve efficacy while employing GM-CSF gene knockout technologies to control toxicity. The company is also developing its own portfolio of proprietary first-in-class EphA3-CAR-T for various solid cancers and EMR1-CAR-T for various eosinophilic disorders. The company is also exploring the effectiveness of its GM-CSF neutralization technologies (either through the use of lenzilumab as a neutralizing antibody or through GM-CSF gene knockout) in combination with other CAR-T, T cell engaging, and immunotherapy treatments to break the efficacy/toxicity linkage including the prevention and/or treatment graft-versus-host disease (GvHD) in patients undergoing allogeneic HSCT. The company has established several partnerships with leading institutions to advance its innovative cell and gene therapy pipeline.
June 15, 2020
Phase 3 Study to Evaluate Efficacy and Safety of Lenzilumab in Hospitalized Patients With COVID-19 Pneumonia
https://clinicaltrials.gov/ct2/show/NCT04351152
Anti-GM-CSF antibodies expected to show better effect in Covid-19 than cytokine-specific targets
July 27, 2020
https://discoverysedge.mayo.edu/2021/06/22/cancer-to-covid-19/
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