Enanta Pharmaceuticals Inc (ENTA)

[willyw]

I think Joe Biden's SOTU address last night may influence Enanta. Joe said that Paxlovid reduced (from memory) hospitalizations 90% and that he was going to make it available free and immediately after a positive covid DX. (availability will presumably continue to ramp up)

1) One could infer that the next best in class antiviral might see the same treatment- such as Enanta's covid antiviral (EDP-325).

2) We might also assume that since Joe's presidency hinges (in part) on getting past covid that the EUA use may be prolonged long enough for Enanta to get a more rapid approval in order to provide a non-RTV boosted once daily covid theraputic.

3) Joe also mentioned that being a part of the international community meant making our superior vaccines available- and one could extrapolate if we had a best in class approved antiviral that it could even be construed as an excellent means to reinforce our diplomatic relations with other countries as well as the right thing to do.

4) Joe Biden -- whether you are dem or republican, love him or hate him - is still president for approximately 3 more years and policies may extend beyond presidencies.

What I heard last night seemed positive for covid biotech- perhaps especially for Enanta.
It's a hypothesis - but based somewhat in the context of what Biden referred to last night at the SOTU as well as in Obama's pandemic preparedness systems.

A strong covid response could be a part of Biden's legacy and potentially aid the world in covid recovery.