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Spideyboy

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Spideyboy

Re: None

Monday, 06/25/2018 4:12:03 AM

Monday, June 25, 2018 4:12:03 AM

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Anybody know why this stock is so high right now?

From 1.53 In May 2016, to 12.84 now seems like a crazy run for a company which as I can see pretty much doesn't have anything real yet.

Looking at their pipeline and clinicaltrials.gov, their most advanced candidate, FATE-NK100, is in 3 Phase I trials, so about 8 years away from anything.

And the other most advanced immuno-regulation product is ProTmune in Phase I/II.

Looking at this board, the only 'event' I see recently is a private placement in Aug 2016.

I like the look of their allogeneic CAR-T idea, but still has a long way to go to prove itself. Thus I'm assuming share-price has just been riding the CAR-T excitable wave, but with nothing really to hold it up right now?

Going to be major cash burn with no-revenues for this company for a long time, how come it's valued at 680 million dollars?
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