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Mandakaman, I am so happy long time hurted investors being able to recoup their losses and to be green.
As in Lonza, Allendale?
Food for thought...
New and Sold Out Positions
ACTIVE POSITIONS HOLDERS SHARES
New Positions 39 4,147,506
Sold Out Positions 12 323,087
We had a Net addition of 27 new II last Q (still 2 days to go) with a little less than 4M "locked" shares and a float constantly drying...
We just have 2-3 analysts following Avid. PT 16 and 22$.
Honestly, IMO, with outstanding numbers next ER, I expect we will touch the mid-20...
Love.
Happy Valentine!
I think we have to thank him for his great work keeping uptodate all those info all those years. Thank you, Sir!
What happened to cjgaddy???
Yep. And 7 new II.
3 new II and now 58.66%
I see you are still distributing your indulgence, CDMO sp back to $18.30
Je me prosterne
I think CP is blowing up the market everywhere. Red, red, red.
Indexes are down. CDMO is down. TSLA is down. Beyond Meat is up since no flipped PS into the recipe...
CP you're a bad guy. Please Stop it!
Altravue took some profit as they reduced their position by -471,793 but Russell added 620,021 shares.
II moves are interesting to follow. 57.93% now.
Alias Born 03/15/2011 06:34:10 AM
FIRST POST - 9:23AM 03-15-2011
Even quoting Cramer from 1998!!!
Peregrine On Rails
I've browsed through this message boards and saw a lot of wise as well as questionable statement and evaluations on the Peregrine story train.
I predicted that PPHM would reduce it's loss per share and yet it increased with 14 cent. I like to be right but I don't need to be and I consider such track incident as on opportunity to learn and reevaluate. It is interesting to look at the fundamentals of WHY this prediction could have been so wrong.
At first there are the disappointing AVID results. The reasons for non-performance that had been given previous quarter have been repeated, yet with better argumentation “the 3rd party did not meat the requirements for product delivery”. As the main income of Peregrine is from AVID (we'll come to the Military later) I expected a double quarter for them, the catch up of previous quarter's delayed-delivery (from refrigeration) and the ongoing business of the new quarter. That double income would have covered the cost if we add the 1 Mil grant and the 50% of 2.4 Mil military extension evaluation and some interest on their quite big cash reserves plus some Sponsored Trials fees and licenses.
The question is now if the work of AVID is lost or does it still sit in some refrigerator and can it be used for other purposes. Will it still be delivered, when the 3rd party meets the required conditions or can it go to a new 3rd party, if any, or be used to advance Peregrine's own clinical trials and research. If it's not lost it will show up in some quarter.
King said that the military extensions wouldn't have brought a lot of new income to Peregrine because it would for the most part be going to sub-contractors. That news is not new, it is not that we just learned it. I cannot pinpoint it but it is either in one of the last updates of Crystal Research or Lifetech Capital. There is no reason to believe management didn't know this from the start and therefor they (must) have calculated that in. The introduction of new stock is probably one of the counter measures to say it in military terms. The military sponsored Peregrine and the company was able to advance in other fields without the concern and need to continuously run after new investors. The share holders, in term, will carry the biggest benefit from this.
The fact that the compensation package of management is represented by a substantial part of stock options is rather a good thing. It doesn't cost the shareholders much, it is only of value for the receiver when the stock flourishes and it establishes a pulse measuring because under the applicable regulation the receivers cannot sell their interest in Peregrine without the public knowing. Would you accept stock options in your compensation package if you didn't believe there is any chance the stock would one day be higher then your exercise price? I wouldn't. So they must believe in it and it's in their best interest to make the stock price rise, as it is for Peregrine since 31 JAN 2011 the date as of which they can introduce their stock at market price. We may criticize Peregrine's communication strategy, and some may say they have none, but that's something that can be improved.
The new high end hiring as well as some employees are good news. The caliber of people that joined the team are people that can pick where they go and they don't step in adventures that could rune their reputation. These people have EVERYTHING to loose by joining Peregrine if it's a bulb of air or an empty box. The hiring of a technical writer indicates that something is going be brought out. Technical writers, also in other industries, are used when the quality of documentation, technical manuals etc must be commercial grade. Other reporting, in research for instance, carry it's weight on precise, complete and usable information while documents for external usage must have a certain style and build up, legal and liability information, indexes, etc and need to go, certainly in this industry, through a strict approval procedure.
Finally the rescheduled meeting with the FDA. I must have overlooked that or misinterpreted that information. As far as I was following this meeting was scheduled as of June 2011 when the Cotara final results are available. Now, when these results are available they need to be “customized” to start talking with the FDA. With all the experienced people where Peregrine can rely on now, and could not when they may have hastily concluded that having the results was sufficient to go to the meeting, I would not be surprised that we are witnessing a first effect of the new hired know-how. These people know how you format en present information to the FDA. Because Cotara has received an orphan drug status, and therefor will benefit a number of protections (see FDA Code of Federal Regulation) but before all because the FDA has stick it's neck out by granting a Phase III Fast Track the meeting may well require other preparations then what Peregrine expected before the hired the knowledgeable people. The Fast Track means that the costly and time consuming procedure of testing the drug on 1000 to 3000 people is reformatted in a “test as you go”. You must understand that this is under strict supervision and with FDA recall procedures in place should something go wrong. It is not just doing some Cotara treatments and write a Phase 4 report.
With the commercial price for Cotara being 20,000$ a treatment and a potential market of 13000 new cases a year in the US/Europe alone Cotara could easily raise the PPS by 3.5$ in a very moderated 10, 20 and 30% estimated market share over a 3 year period, moderated because the orphan drug protection and their 'de facto' monopoly on that market should allow them to do better.
Source of underlying data: Page 27 of last PPHM update by Lifetech Capital.
An then there is the future strategy. Now this is a guess, not a wild guess but still a guess based on the information at hand. I think Peregrine is busy with a setup to play the market with a focus “grand final” at/or or just before ASCO. If the Avid revenue can be shifted to this quarter and the FDA meeting somewhere in August/September then well timed Quarterly announcements followed by the FDA meeting results at ASCO could be a share price bomb. They have the cash to finance the period and would be able to introduce new stock at rocket high prices. If I had the amount of stock options in my compensation package that is what I would do. Crack the hard nuts now and enjoy the fireworks without any bad news to over shadow it. But that's just me.
My conclusion is that Peregrine is indeed in better shape then ever but made a strategic mistake in the past by announcing AVID was going to make the early break even and has by doing that raised hopes of short(er) time investors. Kremer (CNBC/The Street) was very clear on it 13 years ago when he said about the, at that time TCLN/Techniclone, that it was one of the most promising Biotechs but that it would take 10 to 15 years to see the results. Nobody expects this kind of companies to be in early break even but everybody expect they have their science write, that there results are consistent and that they protect their know-how with patents (and Peregrine has a minefield of them). The much criticized Peregrine OWNS it pipeline and therefor has build the basis for maximum shareholders return while most other companies see large parts of their revenue go elsewhere when they sell out their pipelines.
Nice Quarter Guys and keep this company on Rail, the Railway Station is in view.
You should ask yourself when and at exactly what moment he appeared early in the morning the first time... and as Simon would say... WHY?
OK.
Interesting.
II will be substantially higher on Feb 16.
With Fidelity opening a position with more than 600K shares, we will see other major coming in.
Since II may increase their position Q to Q it is a matter of time we reach 22.
Should I stay or should I go?
It Could be a Pretty bad apparition.
Will we have an orChestrablePumping before the pullback?
You are CallingProbable the pullback?
I felt like PTSD this morning reading a PR of another stock I own...
This study evaluates intratumoral administration of xxxxxxx in patients with advanced melanoma, squamous cell carcinoma of the skin, squamous cell carcinoma of the head and neck, or adenoid cystic carcinoma.
Patients will receive xxxxxx as single agent or in combination with SoC anti-PD-1 therapy.
They forgot to add Bavituximab to prime the therapy...
Right now a P3 is far advanced for a COVID vaccine BUT now an extension of P1 cancer study... Long way home.
Pfffft... Blue.
We are a 1B company now and growing. Can you have a positive input once in a while...?
Was planning to buy a chunk of our new partner HGEN. After a bit of DD, decided to wait... Lots of uncertainty.
The minute they get EUA they will fly and I'm afraid it is happening NOW...
Missed opportunity but good for Avid...
Very speculative Covid play I'm in $HGEN is trying to breakout here. https://t.co/7NiHKuPACd
— Mark Minervini (@markminervini) February 4, 2021
3 and 4
I rest my case.
More and more Kahneman questioning...
Let's drink lemonade from Bavi one day.
ET
Up to 95M in milestone and 15% of net sales which probably means zero.
Did I wrote about OncXerna recently? I swear, it's just a coincidence.
Keep the faith!
RIP Frootie
Split adjusted on March 7th 2000, we touched 16 5/8 (I don't remember the close) and you have to multiply by 35...
BFFA!
From what we know, HALO is using for a long time Avid manufacturing services for a product already on the market.
Humanigen P3 completed product to be commercialized would be a great milestones for Avid, especially if the turnover is fast (I expect less than 6 months).
If Humanigen product get to the market and we are one of their manufacturers, it adds to the good Avid's reputation, others will come...
OK, it's been a long day, second shift starting!
BFFA!
Expectations and needs are clearly different. You are right.
So BFFA!
Volume over 600K to date.
Strong finish above 18 would be very bullish.
Yes. This one coming from https://clinicaltrials.gov/ct2/show/NCT04351152?term=lenzilumab&draw=2&rank=3
To support the share price. It would be necessary to increase awareness outside the II and 50 regular followers here.
We are an unknown company. It is good for early investors. We still are at the beginning. The real CDMO or Avid history is just starting.
El Sid your article is about tocilizumab.
The agreement announced is about Lenzilumab.
MOA is different. This Covid thing opened a complete new chapter of medecine.
April.
Not April fool's...
Watch Humanigen recent PR and the only thing we can say is WELL DONE.
Avid is in the Covid market.
With multiple partners.
Folks, I used Tnewsday in a recent post. Next time you see that kind of action then you know what to do.
Now just hope for a second PR with another announcement. If you read closely all the HGEN PR...
I am gonna read a bit more on CureVac...
20? Maybe not today but anytime soon.
Transferring patience to the impatient is not an easy task!
Study Design
Go to sections
Study Type : Interventional (Clinical Trial)
Estimated Enrollment : 516 participants
Allocation: Randomized
Intervention Model: Parallel Assignment
Masking: Double (Participant, Investigator)
Masking Description: Double-Blind
Primary Purpose: Treatment
Official Title: A Phase 3 Randomized, Placebo-Controlled Study of Lenzilumab in Hospitalized Patients With Severe and Critical COVID-19 Pneumonia
Actual Study Start Date : May 5, 2020
Estimated Primary Completion Date : March 2021
Estimated Study Completion Date : March 2021
Interim results showed an estimated 37% more recoveries among patients who received lenzilumab compared with those who received SOC alone (calculated hazard ratio [HR] of 1.37). An independent data and safety monitoring board conducted the interim analysis and recommended increasing the target number of events (recoveries) from 257 to 402 to maintain the power of the study at 90%. Humanigen plans to increase enrollment in the study to approximately 515 patients in order to achieve 402 events.
Preliminary study showed that the time to clinical improvement was significantly shorter for the lenzilumab-treated group compared with the untreated cohort with a median of 5 days versus 11 days (P=.006).
Do you know how much does it cost for an ICU day?
1993 had the knowledge but no money! Amgen, Biogen, Genenentech would have been my picks. Those were life changing opportunity if you had money and time. Patience.
Kahneman is a good read for anyone. Anytime. Any age.
Unfortunately, me too.
BTW I think I found a new gem. CPMV, the new buzz!
Yeah, still kidding...
Thank you West.
I don't just understand how a reputable scientist as Garnick could have been involved in this.
I don't think this was shared before...
There are lots of clouds around this and "scealed evidences"... Why?
https://www.karger.com/Article/Fulltext/505379
We next examine the late-stage failure of bavituximab, which can be attributed to poor quality phase II data as well as difficult strategic and commercial factors that are not uncommon for smaller, early-stage companies.
The only phase III trial of bavituximab to date is the SUNRISE trial, which compared the efficacy of docetaxel plus bavituximab or placebo in patients with NSCLC [62]. The primary endpoint was OS [62]. At the first planned interim analysis, however, an independent data monitoring committee recommended early stopping due to futility [62]. At the time, median OS in the docetaxel/bavituximab arm was 10.5 months, worse than the 10.9 month median OS seen in the docetaxel/placebo arm (HR 1.06; 95% CI 0.88–1.29; p = 0.533) [62]. There was also no significant difference seen in progression-free survival (PFS), one of the trial’s secondary endpoints (HR 1.00; 95% CI 0.82–1.22; p = 0.99) [62].
What can account for such disappointing results?
Poor Quality Data from a Botched Phase II Trial
The late-stage failure of bavituximab can be traced in part to problems originating in the preceding phase II NSCLC study. That study was designed as a 3-arm study, with patients randomized to receive docetaxel plus placebo, docetaxel plus lower dose bavituximab (1 mg/kg), or docetaxel plus higher dose bavituximab (3 mg/kg) [63]. The primary endpoint was overall response rate (ORR), and secondary endpoints included OS and PFS [63]. Due to a labeling discrepancy, some patients in the placebo arm received doses of bavituximab 1 mg/kg, and some patients in the bavituximab 1 mg/kg arm received doses of placebo [63]. Patients in the bavituximab 3 mg/kg arm were not affected by the labeling error [63]. Data from the placebo and bavituximab 1 mg/kg arms were pooled into a “combined control group,” and the efficacy analyses were reported as “exploratory” [63].
As the labeling discrepancy did not impact the bavituximab 3 mg/kg arm, ORR in this treatment group could be considered a true standalone data point. Unfortunately, the observed 17.1% ORR (95% CI 5.6–28.6%, p = 0.37) fell short of the prespecified ORR of 26% required to achieve the primary endpoint [63]. As for the secondary endpoints, comparison of bavituximab 3 mg/kg against the combined control group was obviously problematic due to lack of a true control; nevertheless, significant differences in PFS and OS were not achieved. Median PFS was 4.5 and 3.3 months in the bavituximab 3 mg/kg and combined control group, respectively (HR 0.74, 95% CI 0.45–1.21, p = 0.24) [63]. Similarly, OS was 11.7 and 7.3 months in the bavituximab 3 mg/kg and combined control group, respectively (HR 0.55, 95% CI 0.40–1.10, p = 0.11) [63].
Certainly, advancing into phase III based on a phase II trial in which the primary endpoint was not met and “exploratory” secondary endpoints showed only nonsignificant trends was asking for trouble. The trial investigators themselves admitted that it was “not possible to draw firm conclusions” from the phase II trial [63], and yet the “go” to phase III decision was made.
One possible reason is that the phase II NSCLC study results were the best data they had. As discussed above, in addition to NSCLC, Peregrine tested bavituximab in numerous phase II trials across a variety of potential indications, including prostate cancer, pancreatic cancer, breast cancer, advanced hepatocellular carcinoma, and hepatitis C. As it happens, none of those study results were published, but while publication bias is a reality, negative results should not automatically be inferred from unpublished studies. In this case, however, the unpublished phase II studies, combined with the fact that phase III testing was not pursued in any disease state other than NSCLC, are somewhat more telling. The SUNRISE trial in NSCLC is the only phase III trial of bavituximab to date, and it may have been initiated because the botched phase II study produced the most positive data for bavituximab across all potential indications.
From CC
Sept 10 Dr. Garnick:
Thanks, Joe. As you have just heard from Joe, the data we announced last week has far exceeded our expectations. And I hope that you're as excited as I am with bavituximab's potential. I feel strongly that Peregrine should be recognized for having the corporate courage to conduct the rigorous, randomized placebo-controlled Phase II trial that provided these robust data and that provide the basis for us to plan for a pivotal Phase III program. We took extraordinary amount of care in developing this Phase II trial design and conferred with clinical experts and regulatory agencies, including the FDA, in design of this rigorous clinical trial. Peregrine chose to conduct this trial to definitively establish the proof of concept of bavituximab and now plan to potentially include this data as part of a registrational package.
Having personally been involved in the evaluation of over 30 Phase II trials over my career, none of which ever achieved statistical significance, including many of today's blockbuster biotech products, I am personally extremely pleased with the quality of this data and the clarity with respect to advancing bavituximab in Phase III trials, which it provides.
eb0783, I am not a chartist but I think we are in a kind of breakout so uncharted territory. Resistance was broken. Up we go. Any good news or material positive event will probably get us higher.
Now retail holder must decide to be greedy or not.