Dream on. All HGENs mAbs are failed leftovers that have already failed and are junk that the predecessor company could nott even sell off at a firesale when it ran ~OUTT of munny. Nobuddy wanted the crap mAb portfolio, nott even for virtually free when prior management was shopping the crapola to every and any pharma, biopharma, and mom & pop start-up. Nobody would offer even minimal terms. Those are HGEN's "assets". Garbage nobody wanted nor will anybuddy pony up munny to partner with these losers - except a foolish wannabe financier, "Black Horse" which already BLEW it's initial investment in HGEN because they don't have a clue about biotech investing and bought a boolsheet story that HGEN would be able to get an orphan drug voucher based on getting an FDA license to market benznidazole - a bet akin to betting on a horse that was still in the barn when the other horses were already rounding the final turn into the homestretch. There is no smart money in HGEN.
Of the leftover mAbs, safety is usually nott the problem - the problem is showing efficacy with the same mAbs that have failed already and which have a very poor and non-predictive non-human animal 'proof of principle'. As they say in Glengarry Glenross, "the leads are weak"; in HGEN's case, the leads are worse than weak, they're impotent. Prolly safe, butt no efficacy that would warrant approval for sale to be used in humans - AT BEST. So ya gott bricks.
HGEN has nothing butt crapola and a ton of debt and a shrinking bank balance and a growing OS - oh, and a defective S-1 that it had to withdraw and make any remaining unsold shares unregistered ... and then the vastly overpaid CEO Durrant had the nerve to file an S-8 to register a boatload more new stock for himself and the 5 other employees of this joke pennyscam. Now HGEN needs to raise a shet-ton of munny for clinical trials, CONtract manufacturing, QA/QC, etc. and no 'smart munny' is gonna toss cash into this loser - only nobody "Black Horse" which is just chasing their losses in sunk costs in this turd - again, like a losing gambler throwing more munny down the rathole because they already have.
In two years, the only thing left in shareholder-victim accounts will be a couple of Dollars, at most, assuming they invested thousands into this turdstock in 2017 or 2018.
Let me restate: There is no smart money in HGEN. "Black Horse" is among the dumbest of investors in this sector. That's the only munny that could even charitably (and it is very charitably) called 'institutional' in this pennyscam turdstock that will do nothing butt line Durrant's pockets with salary, bonuses, and best of all, free travel and lodging. Plus that fun perc "meals and entertainment" at three star restaurants.
It's a great retirement plan for him. At least for another year or two or until he can CONvince "Black Horse" to keep chasing their losses like an inveterate gambler on a losing streak.
AI
