I have a pretty big position in HGEN now, thanks to averaging down. They have a checkered past with Pharmabro involved, but all I see now is experienced and competent leadership and good hiring. They are highly institutional / insider owned. They received financing from JPM.Mornin! Would love a bit more info on HGEN and your targets with NASDAQ / Buyout. Still holding about half my position on this. Half considering adding if there's tangible hope of uplift/buyout.
I know they got OWS money right?
Their big drug has been in development for years to address Cytokine Storms. The have a partnership with Gilead going back before Covid. Their drug Phase 3 trial for Covid is > 50% enrolled, should fill in a month. Now NIH has chosen their drug to study with Gilead’s Remdesivir. Gilead is struggling right now.
My speculation, with clinical success of their trials, Gilead buys HGEN. Price - mid to high teens. If successful, this drug is commercialized 4Q2020 under EUA.
I’m not an investment advisor, do your own DD.