Algernon Pharmaceuticals Inc (AGNPF)

[medchem]

I think today was somewhat expected. There are a lot of shorts here who took their cash and ran. When they announce their trial in the next few days, those same people will all scramble to grab shares and the longs will benefit.

I've heard:

1 - they are in talks with a CRO to start a trial of their drug for treatment of acute lung injury related to coronavirus.

2- It's got demonstrated efficacy treating this type of pathology.

3 - They have a lot of cash on hand

4- they have a manufacturer lined up to start producing more drug.

Watch Big Pharma swoop in and start making offers.

Saddle up folks, and prepare for blast off!

Count me in AMG.

I've been waiting for these days for a long time. We are about to get what we've earned.