Really thinking ARRY will be bought out sooner than later , current price 19.00 as pipeline matures and partnerships advance later in Q3-Q4 looking at 30.00 per share
I would sink more into arry , tomorrow morning you will why :)
Under the terms of the agreement, Loxo will fund Array's preclinical research, providing access to Array's world-class discovery platform and scientists, and will be responsible for target selection and conducting clinical trials. Array is eligible to receive up to $434 million in milestone payments and to receive royalties on sales of any resulting drugs. In further consideration of the rights granted to Loxo under the agreement, Array also received shares of stock in Loxo.
Key findings from the poster presentation include:
• As of the data cut-off for the poster, March 26, 2015, 15 patients have been enrolled across three dose cohorts: 50mg QD (n=4), 100mg QD (n=5), and 100mg BID (n=6), including one soft tissue sarcoma patient with an NTRK1 fusion enrolled on March 10, 2015
• Pharmacokinetics show good systemic exposure of LOXO-101 after oral dosing, with higher exposures observed than those predicted in nonclinical studies
• LOXO-101 was generally well tolerated with the most common adverse events being Grade 1 and 2 fatigue, dizziness and anemia; no study drug related serious adverse events (SAEs) have been reported; the maximum tolerated dose (MTD) has not yet been reached.
In the second half of 2015, Loxo will provide an update on its clinical development plans for LOXO-101.
LOXO-101 was developed in collaboration with Array BioPharma
Array Collaboration Update
• As per its collaboration agreement with Array BioPharma, Loxo initially held exclusivity for twelve undisclosed targets, excluding TRK. In January 2015, Loxo's exclusivity was reduced to seven targets, and will be further reduced to four targets in January 2016. Loxo has an option for a fifth target, which would trigger a milestone payment to Array.
I actually didn't want to wait on IGXT and loaded up on more ARRY before Mondays earning call. Sold 35k shares of IGXT this am. ARRY is a steal at these levels, just look at their pipeline, imo they will be acquired this year
folks were sitting on a goldmine !!!!!!!!!! Look for some news in the coming week, somebody's been doing some heavy accumulation. I expect an opening of 1.16+ with no news. News on Monday skies the limit.