takeover price by Gilead, that will leave investors aghast at the size of the premium... Price talk is 800 to 1000 to get Intercept's board to go along quietly... OCA is seen as the biggest indepedent asset to come along since Erbitu and Velcade.
There are enormous amounts of short sellers betting against him on SGEN. Once he pauses, the sellers drive this down and erase his sapping of supply... Look for SGEN to retrace at least half of the move from 30 to 40... I'd say we get to 35 in short order... Not everyone is convinced SGEN will be The Takeda Antibody Drug Company, which I coined several years ago, while most of you were in grade school.
I'm surprised Genfit didn't acquire the Phenex NASH program... Those guys could get in there and fudge the data, and within 6 months, the FDA would approve the drug... Genfit can take any trial result and turn it into success... Step 1: Any patient that does not respond to treatment- remove the patient... Step 2: Any patient with only a partial response- remove the patient. Step 3: Go on CNBC and tell the audience that the trial was a success, despite the fact that the stock got cut in half(usually stocks go up on a success).
that has the greatest drug in the world for NASH and Gilead had to have them??? LOL. This is a tiny little company, with less than 25 employees. They have some decent intellectual property and not enough funds to start a phase 2 pilot trial. They essentially begged Gilead to take over the program for next to nothing...If I hear one more person bring up this Phenex acquisition is being the end-all to Gileads interest in NASH, I will personally track you down...LOL... Just kidding mr. Yahoo, I am a lover...
Anyhoo, do a little research and you will see what a farce this Phenex purchase really is.... By the way, it's possible that Phenex actually received under 10 million for the program... You think if this company really had something in the way of a NASH drug, they'd have funding options flowing in from all over the world....
Gilead paid less than 25 million in an upfront payment... All of the royalty blah blah is just blah blah...they paid zilch for a few patents and a program that interests them... Maybe that program relates in some way to HEP C? In any case, Gilead's money market account goes up 15 million dollars a month just from interest on their 9 billion dollar cash hoard. I would imagine that the deal to acquire this company was approved by someone in their mail room. There is 9 billion dollars in cash waiting to do a real deal. Phenex was a favor for a friend in Germany...
Smelk runs this board. Question me and face the wrath... Intercept will be acquired by Memorial Day.... Gilead will dose the first Phase III patient, PERIOD.
does anyone here understand how much Gilead paid for Phenex's liver program? If anyone here thinks that Gilead's investment in Phenex makes an acquisition of Intercept a non-starter, they should not be investing their own money...So, yea, let's all do some research and see what Gilead laid out in cash for the Phenex drugs....
It's too late now. The morons running the company thought the stock would rally after FDA clearance of the new Assay test. The gambled and lost. The market cap will fall to about 7 or 8 million. Not a single director or member of management has any belief in the future of this company, as evidenced by all of the shares they have bought on the open market. This is now a zombie company. Management will bilk the remaining cash over the next 18 months and the company will be liquidated. Rafeld becoming the CEO guarantees that. Not one single outsider was interested in the eventual liquidation. Even the esteemed JWilbanks cannot bring himself to write a positive thing about our zombie.
You knew it was gonna happen. Not only is OCA a blockbuster drug, but Intercept owns 100% of the drug, ex-Japan. You only cure Nash once. 47 different clinical trials for this indication have all failed.
It's gonna be a long weekend for anyone short. Snapchat reporting intercept to be acquired on Sunday evening for 715 a share. If this doesn't happen this weekend, then it will within 3 weeks. Gilead wants to dose the first phase 3 patient.
Per Felix, about 6 minutes ago....
Jackie sits back
Reflects his thoughts for the moment
Scratches his head
And does his best James Dean
i did it again... Let me say this again... i have more invested here than all of you... When I start typing on this board, it means the bottom... I get so frustrated that I wan to sell all my shares... And the single greatest stock tip is this: Always go opposite your emotions.... always do what's hard. When you feel like dumping, you buy buy buy... I am an owner of the Jan 30's... and I am crushing it...
He sits next to me. He's been going nuts all day after his monster score with Synageva. He feels invincible. He's popping adderal and singing old John Couger songs... The guy loves Jack and Diane.
Nothing changed except, Genfit drug failed, FDA gives breakthrough designation, journal release of new data showing zero cardiac risks, and Gilead will acquire by Memorial Day...I hope to god you are really short shares and not just bashing to get in cheap. You will wake up one day to a 450 share price pop, on a single gap trade that slams your scrotam right into the back of your face.