written by reader Caronavirus stocks courtesy of Laissez Faire letter

By prorsum, February 29, 2020

MRNA, GILD, INO…

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rohtsc711vgudipatiprorsumrohtsc711Travis Johnson, Stock Gumshoe Recent comment authors

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rohtsc711
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rohtsc711

Just a few ideas to hedge our crashing market: “CODX”, maker of diagnostic kits for Covid-19 could go vertical once approved by FDA/CDC. The stock has already jumped 400% on news that their patented test kits offer results in 45-min, as opposed to 48-hours to send samples for testing at various state labs. They also advertise to be more accurate than the CDC tests, which have already given some “false-positives”. “TOMZ”, is also under the radar, maker of sterilization machines, already approved/adopted by China. Could be in high demand if the virus spreads as rapidly in the U.S. There is… Read More ยป

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vgudipati
Irregular
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Also, checkout Ligand (LGND). The stock just started spiking on Friday’s news that company CEO made a statement that it is helping find a cure for the coronovirus. Can someone with an insight on the company’s products make comment on efficacy of the company to produce the vaccine for the virus? Is this stock good to own?

Travis Johnson, Stock Gumshoe
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Theyโ€™re not a vaccine maker, it seems likely that their exposure would be minor to any possible treatments โ€” most likely partnering with Gilead to make their drugs easier to deliver via IV (using captisol), but there are a lot of drugs in their potential pipeline of royalties so maybe thereโ€™s something in there Iโ€™m unaware of.

vgudipati
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Thanks, Travis. The stock has been moving higher and higher from the past few days or so. Is it something we can nibble at this point?

rohtsc711
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rohtsc711
prorsum
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prorsum

Thanks…

rohtsc711
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rohtsc711

CEO of Co-Diagnostics $CODX was on Varney (FBN) on 3/5 mentioning the fact that recent relaxation of FDA restrictions now allow them to ship test kits to any CL1A lab in the U.S.. When asked if his company can keep up with demand, he stated that the current capacity from their facility in Utah is 50,000 kits daily, and once their facility in India comes on line, that capacity will triple. (These kits are not cheap).

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