Humanigen Inc (HGENQ)

[10nisman]

hat’s your prediction for HGEN? You think they’ll get the EUA? What might that do for the share price? Do you think there’s any value for CAR-T?

I have no real predictions for HGEN. EUA may come, but they still haven't filed (end of the month per the latest release) throw on top of that a month for FDA consideration and we're talking late June or early July before any decision. U.S. COVID cases have fallen considerably and will continue to do so... and thus, is there really an emergency use need? Maybe in other parts of the world where cases are still way too high, however, nobody around the world is going to pay squat for the drug. Thus, these crazy $1 billion revenue estimates are pie-in-the sky non-sense and then you have this board that thinks HGEN can have a market capitalization in a year or two worth more than MRK, BMY, PFE, ABT, ABBV, etc., which not only generate billions in free cash flow per year, but own billions of dollars of assets, drug pipelines, etc.. It's nothing but comical non-sense that is thrown around on this board.

GILD, one of the main CAR-T players, walked away from HGEN... If HGEN had something worth partnering or owning, GILD would have paid for it just like they have in the past (VRUS, KITE, etc.). But, spin doctor Management says the opposite and this board believes this non-sense. Not surprising though...

No idea where the share price goes from here, however, it was an obvious and easy short at $30+ and will be if it ever gets to that level again. Sadly, this board is filled with non-sensical longs who think HGEN's market capitalization should be based on a multiple of potential revenues.