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While the 54% sounds very impressive, when you look at it in relative terms, is not quite as impressive. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This is par for the course, right Brian? Even though it tumbled last month on the stock market, sentiment has yet to reverse. TTD, Don't wait until you're out of money, raise money anytime your stock goes up. Humanigen (NASDAQ:HGEN) recently announced impressive results from a late-stage study of its COVID-19 antibody therapy lenzilumab. One Illinois McDonald’s is giving away iPhones to new hires, AMC gets downgraded ‘on valuation only,’ as B. Riley analyst can’t justify a higher target, Ford EV promise boosts stock to highest in nearly five years, Figs IPO: 5 things to know about the healthcare apparel company before it goes public, Snowflake stock drops 3% after losses double, Retail traders keep meme stocks short squeezed for third straight day, What a Fed-backed digital dollar means for the crypto revolution. Cumulative Growth of a $10,000 Investment in Stock Advisor, Could Humanigen Stock Soar Even Higher After Its COVID Antibody Results? So let's give it to the few people who might need it now and hopefully, it's helping them and if it's not, we'll figure that out later. Copyright, Trademark and Patent Information. Net income fell to $22.6 million, or 45 cents a share, from $24.1 million, or 50 cents a share, in the year-ago period. Their 54% improvement sounds impressive but when we're talking about going from 22.1% for placebo down to 15.6% for the drug. tumbled 11.1 % toward a 6-month low in premarket trading Monday, even after the provider of advertising buying services reported better-than-expected first-quarter profit and revenue and announced a 10-for-1 stock split. ; As … The FDA typically would like to see just intent-to-treat. Because I think the FDA will be more likely to feel like we're going to get some more data. And it's annoying because they're diluting you and you're getting the stocks are going to down but you should be happy because now they're not raising money when your stock is down already and then you're diluting even more. Earlier this week, Humanigen, the ticker there is HGEN. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. But I think a lot of this just depends on some of these other studies that Humanigen has underway. The biotech stock skyrocketed on the news but subsequently gave up some of its gains. In terms of what happens next, usually, these sell-offs as a result of stock offerings are temporary in nature and if the underlying prospects for the company are still bright, the stock is going to bounce back. That would be, I was planning on treating these patients so I'm going to include them in the numbers. In this Motley Fool Live video recorded on March 31, Motley Fool contributors Keith Speights and Brian Orelli talk about whether or not Humanigen stock could soar even … If the stock rallies, it may prove short-lived. +3.60% We’re motley! I think the fact that they have another study is probably to their advantage to get the Emergency Use Authorization. Stock Advisor list price is $199 per year. Return. The company announced that they're going to conduct a stock offering. The company's products remain popular even as gyms reopen. Stock Advisor launched in February of 2002. For every 100 people on the drug, you're saving about 6.5% from going on a ventilator. 553%. Brian Orelli: Unlike the other antibody therapies that attack the virus directly, lenzilumab targets GM-CSF, which is granulocyte-macrophage colony-stimulating factor, and basically that molecule stimulates the immune system by getting an antibody to it your dampening the immune system and that's because in sicker COVID-19 patients, a lot of them are dying not from the virus directly, but from the new system overreacting to the virus and then attacking the patient's own cells or tissues. Do you think Humanigen stock can soar even higher or do you think it's likely that the stock might retreat some from here after this what seems to be really good news? The company said the stock split will be enacted in the form of a stock dividend, which will be distributed on June 16 to shareholders of record on June 9; the stock will start trading on a split-adjusted basis on June 17. Speights: Right. 128%. The other issue here is that the company used modified intent-to-treat population. This drug is being tested in other studies. Excluding nonrecurring items, adjusted earnings per share rose to $1.41 from 90 cents and beat the FactSet consensus of 80 cents. Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. Returns as of 05/27/2021. So they removed everybody who they were planning on treating but didn't actually get the drug. @themotleyfool #stocks $HGEN, 2 Juicy Biotech Stocks to Consider Buying Right Now, Reddit Traders Can't Get Enough of These 2 Resurgent Biotech Stocks. Restricted stock refers to insider holdings that are under some kind of sales restriction and must be traded in compliance with special regulations. These aren't normal times, so maybe the FDA is a little more lenient and presumably, it may depend on why the people didn't get on the drug. You want to start with everybody off the ventilator at the beginning of the trial. If they went out on the ventilator when they were planning on going on trial and when they would've gotten their first dose of the drug that's reasonable. Stock Advisor Flagship service. +0.19% The company announced what appeared to be really great news from a late-stage study of its COVID-19 antibody therapy. But the agency has given the benefit of the doubt for a couple of Emergency Use Authorizations and has even removed them after the fact. When a biotech has good news, take advantage of it. Speights: For investors looking to check out this stock, you might notice that Humanigen is down nearly 15% today and that this does not appear to be related to the news from their study, by the way. Latest Stock Picks Investing Basics Premium Services. S&P. Total operating expenses increased 41.5% to $212.0 million, with sales and marketing expenses climbing 62.6% and technology and development spending rising 46.5%. This stock skyrocketed on the news initially more than doubled and intraday trading before giving up a lot of those gains, but still up a lot. has gained 12.7%. Discounted offers are only available to new members. The company expects second-quarter revenue of between $259 million and $262 million, above the current FactSet consensus of $253 million. SPX, Keith Speights: Let's move on to another COVID-19 story. Six months of employment is needed to receive the iPhone, according to the sign. FA Center Opinion: Why rookie stock investors should think seriously about getting experienced financial advice Last Updated: March 10, 2021 at … Kearny Financial (KRNY +2.9%) board authorized a new stock repurchase plan to acquire up to 4.06M shares or ~5% of outstanding common stock. Raise when you can, not when you have to. Trade Desk stock tumbles even after 10-for-1 stock split, profit and revenue that beat expectations Published: May 10, 2021 at 8:49 a.m. You can follow him on Twitter @TomiKilgore. So that's what this drug is doing is been dampening the immune system and then allowing the immune system to catch up and get rid of the virus. So the FDA is going to have the ability to see that data eventually and then make a decision on it could give the EUA now, and then rescind the EUA once they get that data or use that data to give it a full approval. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Could These 2 Exciting COVID Stocks be 10-Baggers? Market data powered by FactSet and Web Financial Group. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. They're going to sell 5 million shares to raise a little over $92 million in gross proceeds. Revenue grew 36.8% to $219.8 million, above the FactSet consensus of $216.9 million. Orelli: Absolutely. ET We have, for instance, the patients didn't go on the drug because they actually went on a ventilator and what the clinical trial was measuring was the ability to keep them off of the ventilator then that makes sense. Why Warren Buffett wants to stay away from bitcoin even as cryptocurrency has grown 6X in 5 months . Copyright © 2021 MarketWatch, Inc. All rights reserved. The FDA is going to have the final say on this. Trade Desk's stock has slumped 17.4% year to date through Friday, while the S&P 500 Shares of Trade Desk Inc. The company said that lenzilumab, which was the antibody therapy, improved the relative likelihood of survival without need for invasive mechanical ventilation by 54% and that was the primary endpoint of the study. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. In this Motley Fool Live video recorded on March 31, Motley Fool contributors Keith Speights and Brian Orelli talk about whether or not Humanigen stock could soar even higher going forward.
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