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CollPlant Biotechnologies Ltd. (CLGN)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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13.75-0.15 (-1.08%)
At close: 4:00PM EDT
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  • L
    Laurie
    CLGN Financial reporting catalysts (could be greater if additional revenue booked in Q1 2021)
    Preliminary revenue of $6 million for the year ended December 31, 2020,
    that's an increase of 160% compared to revenue of $2.3 million for year ended December 31, 2019.
    Q1 2021 booked 14 million, which is more then 2000% increase from Q1 2020 reported revenues of only $609,000.
    Also CLGN has approximately $50 million of cash reserves and no debt as of this month.
    Bullish
  • L
    Laurie
    My question to CLGN CFO and their reply-
    -some shareholders are concerned of the timing of the offering and the termination of the UTHR agreement.

    -Yes.

    We received the UTHR notice on February 24 afternoon ET. There were no prior talking or signs and according to UTHR, they took the decision a day before.

    Regarding the offering. A Company cannot raise under prospectus when an AbbVie deal is not disclose yet (Material information). So CollPlant waited and raised the funds three days after the AbbVie deal was announced. All these are facts.

    Best regards

    Eran
  • T
    Travis
    Was the entire company based on 3d lung tissue printing? Come on people, that was a long shot at best. There are plenty of other things going on that are likely to be successful.
  • C
    Curry
    Down 30% on a terminated agreement. Sure, it is not a great news, but if they can't agree on development goal or profit sharing hence the agreement is termed, then i say all power to Collplant, Since they just landed a big one with Allergan, I can see they have the firepower to go with Tier one partnership where they will be less involved and more leveraging Clgn's tech... to me, this is a good news and with 30% discount, I love this news and I am going to be buying up as many shares as I can.
  • D
    Daniel
    Do you think the overview will be presented at the H.C. Wainwright Global Life Sciences Conference will help the share price here? maybe will kick the vol. and interest?
    Bullish
  • J
    John
    Should have some good support at 13. If it goes below, Im out and will come back later.
  • T
    Tom
    Zevel
  • L
    Laurie
    Filing-$CLGN 14 million upfront cash payment-

    As previously disclosed, on February 5, 2021, CollPlant Ltd. (?CollPlant?), a wholly-owned subsidiary of CollPlant Biotechnologies Ltd. (the ?Company?), entered into a Development, Exclusivity and Option Products Agreement (the ?Agreement?) with certain wholly-owned subsidiaries of AbbVie Inc. (collectively, ?AbbVie?), pursuant to which CollPlant and AbbVie will collaborate in the development and commercialization of dermal and soft tissue filler products for the medical aesthetics market, using CollPlant?s recombinant human collagen (rhCollagen) technology. In accordance with the Agreement, on February 28, 2021, the Company received the $14.0 million upfront cash payment.
  • s
    sdrik
    Bearish!!! Termination of the biggest agreement it has!
    The revenues will decrease by 85%!!!
    BIG WARNING!
    Bearish
  • G
    Garrie
    How bad is this for the company?
  • T
    Tom
    Today is the day
  • F
    Federerfan
    Look at how the market makers steal your shares: when the offering was announced, they sell shares to scare you; and you got panic and sold out, bringing the price to sub-16, way below the offering price of 17.50 (which was already fully subscribed). The MMs accumulated all these cheap shares during the sell off. Today the deal closes, so the MMs sell them at 17.50 back to you.
  • J
    John
    Glad to see this is hardly affected by the total crash today. Nonetheless sold off 20% of my position yesterday. Let’s see what a market recovery brings.
  • s
    steve
    Bought more today around 11.40’s
  • J
    John
    Let’s announce the closint of the offering today pre- or postmarket and get back to the 20’s. Shouldn’t be too hard given recent PR.
  • א
    אורן
    TODAY WE DO HISTORY
    Bullish
  • G
    GC
    https://www.youtube.com/watch?v=kmQHEtVLfrU&feature=emb_rel_end

    fantastic presentation to what this company is about...
  • r
    rtl
    25 next!!!
    Bullish
  • J
    JASON
    $HCMC conversation
    Stocks that will go parabolic this week.. kick off Tuesday $ATOS, $IFMK, $ADMP, $HCMC, $CLBR, $CLOV, $PLRT, $OCNG, $CLGN
    Bullish
  • s
    sdrik
    Bearish. This is my opinion following the termination of the agreement
    Bearish