alive and kicking
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Massive over-reaction by people with short horizons. After the earnings The drop will give me a chance to take a bigger tax loss soon before buying back as I doubt the official earnings release will do much.
ENTA stated phase 3 trials would run north of $200 million.
You mean they didn’t want to spend 2/3 or more of their cash on Covid trials.
Hospitalizations for Covid are more than double the amount seen for influenza. I remain astonished that ENTA hasn't found a partner for their anti-Covid drug EDP-235.
https://www.reuters.com/world/us/mask-mandates-return-some-us-hospitals-covid-flu-jump-2024-01-04/
RVNC is a roller coaster the last 2 days.
Thanks Dew and DC15 for the heads up and the link. EDP-323 is now up at bat with a study completion date in mid 2024. I assume we will hear about the new drug candidates ENTA is working on before that.
Going, going, gone!
I already got my share of goose down so I am not worried about getting soiled!
ENTA with a nice jump today on no news, well except that the FED isn't going to raise interest rates. The volume isn't very heavy so I hope this isn't just another head fake with a drop tomorrow. It would be nice to see a follow up in the rest of December, perhaps as part of a much mentioned Santa Claus rally.
With the SGEN buyout being finalized tomorrow I will have a nice chunk of cash to invest. I will put a bit more money into ENTA, RVNC and EXEL. The latter is in my view a good take over target but it will be nice to see a follow up in the rest of December. Also wondering if the PFE downturn is overkill.
The PFE buyout of SGEN will be completed this week. The actual date is December 14th.
https://finance.yahoo.com/news/pfizer-gets-ok-43-billion-120551004.html