considering that petriot only registered 2 months ago, and all of a sudden start posting like crazy today "to protect everyone", the inconsistency offers more hope these baseless price drops won't last very long.
11 or 10? Hard to imagine. The entire market is up ~5% since huge funds snapped up $108M worth of HALO at $13.
Bear raid definitely not sustainable in a rising market. It would be a pleasant surprise if EMA approval decision on Mabthera SC came before the 67 day time limit (which has already now half passed).
Since Torley specifically said yesterday, "The program I am most excited about is PEGPH20" and that they raised money largely to focus more on PEG specifically (as stated in the secondary offering), it seems logical to therefore infer that the pancreatic study is going VERY well.
Not to mention PEG study results in Q1, and soon to come EMA decision on Mabthera SC (+$10M milestone), which is likely positive since EMA usually follows CHMP opinion.
it will come soon - this quarter - so within next few weeks. In the same period, we should also see EMA approval for Mabthera (including $10M milestone payment from Roche), and possibly partnership updates, etc.
HALO going higher soon, perhaps today since ~35k shares just gobbled up within seconds in two trades at $15.63 and $15.65.
Remember EMA approval for Mabthera SC and $10M milestone coming any day now.
...for Mabthera SC and related healthy milestone payment from Roche, not to mention other positive catalysts creeping closer each day, including earnings report in ~2 weeks.
Thanks Fezz. Exciting time for a strong company.
just to keep the important details on track, yesterday's release said $100M (not 100M shares). Important difference. The first is close to the value of the company while the latter is a rather small dilution.
Seems to me the raising of funds to speed up the rise in HALO's value and/or buyout potential is smart, and hopefully a positive thing even near term. INSM did a similar offering a few months back and the share price rose at least a few percent the same day, plus it is now of course way above that.
Good news for HALO. Seems like someone else thought it was good news too with ~200k shares sold up to $16.80 in first ~8 minutes today.
Sentiment: Strong Buy
Seems to be rising as though yesterday's AH and today's pre-market buys knew where price was headed. Remember there was ~130k shares bought above $17.89 only 2 days ago.
Just rose past Piper Jaffray's target and going strong with 25k share block bought at $16.46.