These forward-looking statements may include, but may not be limited to, statements concerning: BioNTechs efforts to combat COVID-19; the timing to initiate clinical trials of BNT162 and anticipated publication of data from these clinical trials; the timing for any potential emergency use authorizations or approvals; the potential to enter into additional supply agreements with other jurisdictions or the COVAX Facility; the potential safety and efficacy of BNT162; the collaboration between BioNTech and Pfizer to develop a potential COVID-19 vaccine; and the ability of BioNTech to supply the quantities of BNT162 to support clinical development and, if approved, market demand, including our production estimates for 2020 and 2021. SVB Securities analyst Andrew Berens said Pfizer could divest the bladder cancer therapy Padcev, to avoid anti-trust scrutiny. March 1, 2023. There are signs of a possible comeback in the works, however. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Progenity takes a multi-omics approach, using a combination of genomics, epigenomics, proteomics and metabolomics to improve disease diagnosis. Weve been committed to making the impossible possible by working tirelessly to develop and produce in record time a safe and effective vaccine to help bring an end to this global health crisis, said Dr. Albert Bourla, Pfizer Chairman and CEO. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. These symbols will be available throughout the site during your session. Raised $46 million in gross proceeds through warrant exercises and $5 million through its ATM program. Fintel data shows the company having 35% of its float short. InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Progyny fits seamlessly into your companys existing benefit ecosystem, providing comprehensive coverage for fertility and family pharma, like those it is partnering with. The biotech company is developing a test called Preecludia that rules out Please disable your ad-blocker and refresh. The company generated $7.7 million in revenues during the fourth quarter, out of which $7.2 million came from discontinued operations. Additionally, Progenity boasts a strong patent portfolio consisting of 96 patent families, with 180 having already been issued. Progenity will host a webcast and conference call to discuss the fourth quarter financial results and answer investment community questions today, Monday, March 28, 2022 at 4:30 p.m. Eastern / 1:30 p.m. Pacific. Accordingly, readers should not place undue reliance on any forward-looking statements. We are also in advanced discussions with multiple other government bodies and we hope to announce additional supply agreements soon. However, the stock is also subject to volatility risks as past performance shows it fluctuating amid "social media buzz". View the full release here: https://www.businesswire.com/news/home/20200722005438/en/. In the same way, Progenity has entered into additional partnerships with two large pharmaceutical plays to evaluate their therapeutic with the OBDS. RP has received consulting fees from Abbott, AbbVie, Alimentiv Amgen, Arena Pharmaceuticals, AstraZeneca, Biogen, Boehringer Ingelheim, Bristol-Myers Squibb, Celgene, Celltrion, Cosmos Pharmaceuticals, Eisai, Elan, Eli Lilly, Ferring, Galapagos, Fresenius Kabi, Genentech, Gilead Sciences, Glaxo-Smith Kline, JAMP Bio, Janssen, Merck, Mylan, Just recently, the company made significant headway in this area as the United States Patent and Trademark Office (USPTO) issued several patents related to Progenitys ingestible technologies for the GI-delivered therapeutics. All information in this press release is as of the date of the release, and BioNTech undertakes no duty to update this information unless required by law. Shares climbed from $0.66 to This is a moderate estimate as could be a catalyst coming from Progenity's molecular testing capabilities. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options. At that offering, the company sold approximately 6.6 million shares for $15 apiece. Cision Distribution 888-776-0942 WebNews Progenity Inc.PROG. Preecludia validation study results for preeclampsia were published in the Journal of Pharmaceutical and Biomedical Analysis. Progenity (NASDAQ: PROG) is a biotech firm focused on treatments and testing products for a variety of diseases. The expectation is for generating additional data in the coming months, initially using known drugs with established safety and efficacy profiles. Progenity is a California-based biotech specializing in precision medicine through in vitro molecular tests to provide patients with actionable information for Unleashing the next wave of scientific innovations, Research and Business Development Partnerships, https://www.businesswire.com/news/home/20200722005438/en/, Understanding Six Types of Vaccine Technologies. For more than 150 years, we have worked to make a difference for all who rely on us. This agreement is one of many steps towards providing global access to a safe and efficacious vaccines for COVID-19. Progenity, Inc. SAN DIEGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, today announced that the As a result, the stock looks extremely speculative here, as the company is likely headed towards failure unless one of its products under development can succeed, in which case it could richly reward investors from here. If they can deliver profitable products that earn acceptance, the stock will likely soar, and investors at current prices will likely reap significant returns. Since then I do my own research and have fallen in love with Seeking Alpha because of the unique perspectives it provides to someone investing hard-earned money as well as access to some of the best financial advisors.We live only once but can have many "investment lives" especially when investing in individual stocks. WebProgenitys Compliance Program including the performance of the Compliance Officer and the Compliance Committee. Please visit Premiers news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premiers blog for more information about the company. Copy and paste multiple symbols separated by spaces. On July 1st, Pfizer and BioNTech announced preliminary data from BNT162b1, the most advanced of the four mRNA formulations. Comparison withTFF Pharmaceuticals points to undervaluation as in the same way as the latter, Progenity could benefit from licensing revenue, and the forthcoming Preecludia publication could constitute a catalyst for upside. WebOn the OBDS front, Progenity is already partnering with three drug makers, including at least one major pharmaceutical company, with which it established an alliance in the If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.coms writers disclose this fact and warn readers of the risks. Strengthened the management team and Board of Directors with the appointment of Adi Mohanty as CEO and member of the Board of Directors, and the appointment of Jill Howe as a member of the Board of Directors and chair of the Audit Committee. This release contains forward-looking information about Pfizers efforts to combat COVID-19, the BNT162 mRNA vaccine program, a collaboration between BioNTech and Pfizer to develop a potential COVID-19 vaccine, an agreement with the United States to manufacture and deliver BNT162 and other potential agreements, including their potential benefits, manufacturing and distribution and the expected timing of clinical trials and regulatory submissions, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. As a result, there was a lot of volatility and the stock slid and is now at the $2.5 level. These are concrete moves, which, in a way, show that "transformation talks" are starting to deliver concrete results, at least for the financial part. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Americans will receive the vaccine for free consistent with U.S. governments commitment for free access for COVID-19 vaccines. American pharmaceutical giant Pfizer announced a string of new deals Monday to expand and improve its use of mRNA technology, springboarding off the successes of its Covid-19 vaccine and including a $1.3 billion partnership with gene editing company Beam Therapeutics. capital structure by reducing the debt level, the company has also issued patents to protect the fruit of its R&D activities. Premier Inc. (NASDAQ: PINC), through its ProvideGx program, has partnered with Pfizer Inc. to supply five essential medications to healthcare providers, helping to meet the immediate and long-term supply needs of medications necessary to a range of patient care interventions, including some that have been critical during the COVID-19 pandemic. Progenitys Vice President of Strategy and Operations, As the company points out in its investor presentation, direct and noninvasive access to the GI tract could potentially improve the efficacy and safety outcomes. 11:15 am. InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Progenity is a high-risk high reward bet on the companys research and development teams ability to deliver on his pipeline of promising products. SVB Securities analyst Andrew Berens said Pfizer could divest the bladder cancer therapy Padcev, to avoid anti-trust scrutiny. The financial terms of Premiers agreement with Pfizer are not being disclosed. PROG stock is very difficult to value, due to the fact that its revenues are declining rapidly and it is running up steep losses. My aim is to provide differentiated insights, whether it is for investing, trading, or informational reasons. BioNTech has established a broad set of relationships with multiple global pharmaceutical collaborators, including Genmab, Sanofi, Bayer Animal Health, Genentech, a member of the Roche Group, Genevant, Fosun Pharma, and Pfizer. Additional disclosure: This is an investment thesis and is intended for informational purposes. We want to share what Pfizer charitable giving, political contribution and partnering with equally dedicated individuals has done to help WebPfizers partnership with Spark Therapeutics developed a potential therapeutic for hemophilia Ban area in which it already had a strong presence. NEW YORK & MAINZ, Germany--(BUSINESS WIRE)-- Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced the execution of an agreement with the U.S. Department of Health and Human Services and the Department of Defense to meet the U.S. governments Operation Warp Speed program goal to begin delivering 300 million doses of a vaccine for COVID-19 in 2021. Safe Harbor Statement or Forward-Looking Statements. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Just to recap, Progenity conducted its initial public offering (IPO) on June 22, 2020. Read More: Penny Stocks How to Profit Without Getting Scammed. WebGameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Thinking aloud, Progenity's approach to partnering with a drug developer, and making use of its own alternative ("drug") delivery mechanism reminds me of TFF Pharmaceuticals (TFFP), which I covered last month. Pfizer will pay Beam $300 million to develop treatments for rare genetic diseases of the liver, muscle and central nervous system as part of the four-year deal, rising by more than $1 billion pending various research, regulatory and commercial milestones. Progenity (NASDAQ: PROG) stock is taking off on Tuesday after the company revealed a new patent granted to it. Its broad portfolio of oncology product candidates includes individualized and off-the-shelf mRNA-based therapies, innovative chimeric antigen receptor T cells, bi-specific checkpoint immuno-modulators, targeted cancer antibodies and small molecules. However, as part of shifting away from molecular testing operations to a development stage biotherapeutics play, there is less emphasis on the revenue generation factor, and, instead, concentrate on managing cash burn and optimizing capital allocation to the innovation pipeline. The information contained in this release is as of July 22, 2020. Progenity's ingestible capsules have attracted the attention of Ionis Pharmaceuticals (IONS), with its novel antisense therapies designed to target mRNA in a highly specific manner. We are particularly keen to see the progress of our targeted therapeutics program in UC where there is a significant unmet need and growing recognition of the potential of our therapeutic solution as a significant step forward by key opinion leaders. If you have an ad-blocker enabled you may be blocked from proceeding. For more information, visit www.progenity.com or follow the company on LinkedIn or Twitter. Pfizer has paid Beam $300m upfront and the deal could be worth >$1.3bn if all milestones across three programs are met. These five medications are critical for patient care and in some cases are necessary as part of COVID-19 treatments. Risks and uncertainties include, among other things, the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as the possibility of unfavorable new preclinical or clinical trial data and further analyses of existing preclinical or clinical trial data; risks associated with preliminary data; the risk that clinical trial data are subject to differing interpretations and assessments, including during the peer review/publication process, in the scientific community generally, and by regulatory authorities; whether and when data from the BNT162 mRNA vaccine program will be published in scientific journal publications and, if so, when and with what modifications; whether regulatory authorities will be satisfied with the design of and results from these and future preclinical and clinical studies; whether and when any biologics license applications may be filed in any jurisdictions for any potential vaccine candidates under the collaboration; whether and when any such applications may be approved by regulatory authorities, which will depend on myriad factors, including making a determination as to whether the products benefits outweigh its known risks and determination of the products efficacy and, if approved, whether any such vaccine candidates will be commercially successful; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could affect the availability or commercial potential of any such vaccine candidates, including development of products or therapies by other companies; manufacturing capabilities or capacity, including whether the estimated numbers of doses can be manufactured within the projected time periods indicated; whether and when a future production agreement with the United States will be reached; whether and when other supply agreements will be reached; uncertainties regarding the ability to obtain recommendations from vaccine technical committees and other public health authorities regarding any such vaccine candidates and uncertainties regarding the commercial impact of any such recommendations; and competitive developments. Now, there are diagnostics already available for the disease, but these include a battery of tests. Thats definitely a red flag when the stock price is less than $4. Learn about specific ways our research is leading to medicines and vaccines that will benefit patients around the world. View source version on businesswire.com: Disclaimer:The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates Read full disclaimer >. Premiers programs, including ProvideGx, currently provide members access to more than 150 drugs that are or have been recently designated as shortage drugs, with a pipeline of more than 50 additional drugs. About Pfizer: Breakthroughs That Change Patients Lives. 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