Uveitis Development orphan status
by xiexgp | November 20, 2014 11:48 am
I just read (watched) a presentation from Mike Ward[1] of Wall Street Insights & indictments for a biotech newsletter touting a $4 stock for a $28 million California company that has just received (or is about to) orphan status for a new Uveitis drug.
ABBV has one listed, but is a $65 stock.
Any one have a clue as to what this company is?
Endnotes:
- Mike Ward: https://www.stockgumshoe.com/tag/mike-ward/
Source URL: https://www.stockgumshoe.com/2014/11/microblog-uveitis-development-orphan-status/
profiled here http://www.stockgumshoe.com/reviews/bioscience-millionaire/rare-move-by-fda-to-ignite-tiny-4-stock-with-a-35-to-1-bang/
I also spent the hour plus listening to Mr. Wards presentation, not wanting to rush into a $1950 investment on ?. I found this info on Drugs.com.
EDMONTON, March 26 /CNW/ – (ISA:TSX): Isotechnika Inc. today announced that their partner, Lux Biosciences, Inc., reported the results from the three Phase 3 LUMINATE trials investigating voclosporin oral capsule (LUVENIQ(TM) or LX211) for the treatment of uveitis. Voclosporin is a next generation calcineurin inhibitor that Isotechnika has licensed to Lux for ophthalmic indications. The data show a positive effect on ocular inflammation and a safety profile consistent with the expected use in uveitis. Following full analysis of the data, the results of the LUMINATE clinical trials will be submitted for publication and presented at upcoming conferences. In parallel, Lux Biosciences will be preparing submissions for approval.
it sounded like the right drug, but couldn’t pull up the stock quote “ISA:TSX”.
Would be interested in following this thread.
Isa merged with Aurinia and now trades AUP on TSX V… current $4.28…. mkt cap 138 m.
The company is Psivida Corporation as of close Friday 1/16/15 a little over $4
PSDV is the symbol
It was already profiled last week, see above.
I too am listening to this presentation. After some research I believe the company is XOMA.
I too listened to the presentation. He said it was a California based company around $4. Xoma is the only one I found.
http://www.xoma.com/content/about-xoma/overview.htm
I found XOMA as well. I thought it was it. So I tried to buy it. But it went up so fast, so I had to buy Market Price. I did buy at 5.40. It fits all the descriptions. About $4 and market value around $28M.
Correction: About $28M revenue, not market value. It is also an CA company.
I found some confirmation about this tiny company is indeed XOMA. See the link below:
http://www.stockgumshoe.com/reviews/bioscience-millionaire/rare-move-by-fda-to-ignite-tiny-4-stock-with-a-35-to-1-bang/
Hope we all make a good return. Take care.
Xoma-I looked at insider trading information and fidelity showing a lot of insider selling over the last several months. Also institutional buying slightly positive current quarter at positive 400k and negative previous quarter with net negative 11.5 million shares outflows ?
Thoughts
Baker Brothers sold 2,300,000+ shares over 3 days last week. That doesn’t look like cause for optimism.
I looked into this orphan drug claim and it seems to me that there are a few companies that have received Orphan drug status or a cure in trials for a treatment for Uveitis. ABBV has one also XOMA and another is ISA on the TSX I believe ISA was a stock in Toronto that halted trading a few months ago and most likely everyone lost their money.
ABBV trades at $65-$68.00 per share, so there is no one pushing this stock.
I think XOMA is the stock they are pushing and it looks like a classic pump and dump to make someone a lot of money. Just not anyone getting in now.
So Mike Ward is promoting nothing but his 1950. Wish he would donate me 10000 shares since he has such conviction.
Well, thanks for sharing. And, yes, I did some research also, instead of paying the $1950 fee for the stock’s name. Anyway, I took a gamble today, and bought 500 shares of XOMA today @ $3.72. FYI, as soon as I purchased the shares, it took a dive to $3.59, but it looks like it’s going to recover. lol In my opinion, according to the MACD, it’s going to recover nicely. Good luck to XOMA longs. 🙂
Psivida Corp symbol psdv, have no money but have been bugging family and will buy 500 shares Monday. Can only say good luck, I hope
And psivida has approvals in several European countries. Yes, I bought some, so beware – I might be a front runner lol.
i also did research…..psivida looked like the stock in the extra long video….i hate those and won’t waste my time watching any more of them…..i did buy psdv and it does show positive on the research and recommendations blog……..i wish i could get my money back on all the foolish investments i’ve made by these so called gurus on the internet…….show me one who really knows and i might listen