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Down 5%, lol...Day traders who were looking for a pop on news. Give this a couple of days. 400m MC is ridiculous.
Any updates on Corti filing???
Earnings Thoughts:
-Novitium Pharma does look good. Adds 50% to 2022 revenues alone. Haven't done DD on how dilutive it will be for shareholders.
-Corti filing delay. Art must have been a moron? Seriously here? I do like the holistic approach.
-220k projected 2021 nothing exciting.
-Looks like 2022 could be a 400m year for ANI so I'm good.
Holding.
Tired of seeing insider stock issued. That's all you see from them. As stock sitting at a 5 year low! We need Corti filing by or on earnings date.. Period.
"No later than Q1"
My Opinion... They said on last call to expect Corti filing no later than Q1'21. Thinking they don't want to have call with that hanging over their heads. I expect filing announcement before or day of call.
SO HERE WE ARE... First quarter of 2021...
Aug 6, 2020 — Cortrophin Gel Re-commercialization Update ... The Company expects to resubmit the sNDA no later than the first quarter of 2021.
Management needs to step up. Need to make some moves. MANUFACTURING IN USA IS HOT HOT HOT! DO SOMETHING! Empty manufacturing facilities? Should be a FULL CAPACITY! Management has created ZERO for shareholders and they continue to take enormous salaries. Great company with weak soft management paid to much and fat and full!
-I am long-
ANI Pharmaceuticals Q3 Adj. EPS $0.97 Beats $0.88 Estimate, Sales $53.00M Beat $51.50M Estimate
And ZACKS is the worst!
ANI Misses Estimates? What estimates? They pulled guidance!
TBC! ...Enjoy your day. All is good at ANIP!
Extremely Satisfied With Earnings & Pat Walsh.
-Guiding back to pre-Covid levels.
-Corti 100% in the mix!
-More aggressive launches and acquisitions going forward.
-Amerigen Pharmaceuticals!
-Pat Walsh on point! Better than I expected. Seasoned guy.
-Earnings fine. Losses mostly attributed to Corti.
You do realize that ANIP could %^$^# if this proves to have legs....
https://www.pharmaceutical-technology.com/news/study-fenofibrate-covid-19/
Prozac lol Stay Positive. Maybe we get lucky with this fenofibrate.
Correct?
ANI Pharmaceuticals Announces Launch of 50mg and 150mg Fenofibrate Capsules in ANI label.
Trying to find out how many other players
Question Please... Fenofibrate
Anip has an approved generic?
How many other generic are out there?
.
We did actually have good news day before Zacks report.
ANIP was holding its base at low 30's until ZACKS report.
Imo that's what caused the further decline.
Email IR and demand...
1. CEO search update.
2. CORTI guidance as projected date for refiling.
Sell Off and Shelf Filing.
Volume would indicate if it was shelf filing induced....Volume was normal. There are simply no buyers.
ANIPs management is terrible with communication. Say what you want about about AP, he always picked up the phone. The BOD doesn't care about retail investors.
Disclosure: I am long and picked up more shares yesterday.
Jacob613; Its a shelf offering
PLEASE STOP AND THINK
Volume equals validity...
ANIP in limbo w/ No CEO and Corti delay, added to Zacks down grade yesterday and stock is DRIFTING down..
Corti is NOT dead... Read last public news announcement.
They are searching for a new CEO.
They have tons of others drugs in pipeline.
They have cash and credit.
Bagel123: Its called shaking the tree. Institutions are emotionless and ruthless.They take advantage of weakness. They look at it as an opportunity to buy at a discount.
ANIP profitable doing 200m in revenues w/ a 350m market cap.
Zacks, which is a joke puts a Strong Sell on ANIP today saying census estimates revised earnings down 8%.
ANIP IS DOING 200m in revenues with only a 350m mc.
This stock being manipulated by institutions.
Management Not To Blame.
Corti sDNA will be filed and a new CEO will be announced.
IMO...Stock will go up just as quickly as it came down.
Buy when it hurts. Sell when it feels euphoric.
Some People Losing Site Here.
Fact
AP resigned/terminated the day after the FDA accepted the Corti filing.
Never discussed this strategy publicly.
Hypothesis
Some type of disagreement with AP and board about strategy going forward.
Fact
Publicly board stated they hired prominent regulatory consulting firm to support refiling sNDA and will file at completion.
Hypothesis
CORTI NOT DEAD!
Fact
No CEO.
Hypothesis
STOCK NOT GOING ANYWHERE UNTIL NEW CEO ANNOUNCED!
Actually looks like we need a print above 35.96 today
I'm not a chart guy...
Little resistance to ...14 Day RSI at 80 55.52 ???
@jacob613 IMO...M&A Activity... Makes sense. I'm still pointing to AP termination for that.
Agreed. And was desperately needed.
*Said
We got reassurances.. Guidance, strategy, Corti.. With no surprises. I sad from beginning objectives from meeting was some clarity. Be positive.
I must have been on a different call.
I think rejecting any questions "Non agenda", is rejecting any questions pertaining to AP. Unless I missed them.
Q&A session
That thought crossed my mind. But I don't believe that is the case.
Shareholder Meeting: Clarity Clarity Clarity:
-Estimated time frame of Corti filing.
-CEO progress.
-Additional reassurance that AP termination is not a prelude to anything bad.
No questions on CC was a killer.
Again I will say that imo AP departure timing (Day after Corti filing accepted by FDA) and no Q&A on CC is a flag of potential M&A activity that AP was strongly against.
( My opinion )
Common sense also tells me that AP being released the day after FDA accepted Corti filing is something that we shouldn't lose sight of.
The BOD mistaken tip one's hand, prematurely thinking Corti was a done deal and setting AP out. I expect some M&A activity brewing in the background.
Go ANIP! Long and Battered!, Meant Long and Strong! lol
In regards to my positive views heading into Fridays meeting.
Today's announcement addresses one of my largest concerns. The BOD knew this had to be addressed before or at the shareholder meeting.
Imo this is positive news and takes away some of the uncertainty and should restore some confidence.
BTW its easy to copy and paste rules and regulations. Anyone w/ a computer can find them. Sometimes your better off using common sense and not make things more complicated then they actually are. Common sense told me that there was no way we wouldn't get Corti update on or before the shareholder meeting.
Agreed. I like the announcement and the approach. Have to say that AP led us to believe that ANIP was already working closely with the FDA in regards to the filing.
You are cordially invited to attend the 2020 Virtual Annual Meeting (the “Virtual Annual Meeting”) of stockholders (“Stockholders”) of ANI Pharmaceuticals, Inc. (the “Company”) to be held at 10:00 a.m., Eastern Time, on Friday, June 5, 2020. Due to the potential travel and community gathering impacts of the novel coronavirus outbreak (COVID-19), the Company is moving to an online-only format for the 2020 annual meeting. Stockholders will be able to listen, vote, and submit questions
from their home or any remote location with internet connectivity. The Virtual Annual Meeting has been designed to provide the same rights to participate as you would have at an in-person meeting. Information on how to participate in this year’s virtual meeting can be found on page 1.
'Jp2011' Clarity. Wall St. hates surprises & uncertainty.
They will have to answer questions in regards to the surprise departure of AP, The Corti FDA situation and a new CEO search progress.
IMO clarification or more details will reestablish confidence.
Institutions shaking the tree once last time before next Fridays share holder meeting. They are relentless.