Why would you issue stock here (13 bucks) right before you get great news (and the stock goes super high) on the phase 3 data for EB????
Crowley is wicked smart...or just plain wicked...
mathew is a compulsive liar and and the vice president of the imbecile section of the moron club. He hates FOLD because he worked as a janitor at their HQ and he got caught backhanding himself to kiddie porn so they fired him. hahahahaaha
Hey mathew whats it like to be down 120%? Think how much you would have if only you listened to me. hahahahahahahaha
Day after secondary announcement the stock craters ( 7/13) & in the following 5 days quickly recovers & rises 14% ...wow!.... secondary offerings are usually more toxic...huge sign of strength ...stay long my friends...this is the real deal.
You better cover. Back under 13.
This is one of the best price actions I've seen after the offering. Company raised $250m and price recovered basically to the 7/12 point
Harry Boxer has posted his Tuesday’s Charts of the Day video on FOLD at TheTechTrader site noting: Swing trade Amicus Therapeutics, Inc. (FOLD) is acting great, popping another 90 cents, or 7%, to 13.81, on 7.85 million shares traded. That’s heavy volume for this stock. It popped, consolidated, and exploded, pulled back, held the gap, ran up and pulled back again, and then ran up again on Tuesday. I’m looking for 15 and 18 as targets going forward.
I think Amicus raised money in anticipation of the results from Zorblisa Phase 3 study which will be released any time this quarter. If the results are positive, Amicus will need to pay substantial clinical and regulatory milestones to Scioderm shareholders. Here is quote from Scioderm acquisition PR: "Amicus has agreed to pay up to an additional $361 million to Scioderm shareholders, option holders and warrant holders upon achievement of certain clinical and regulatory milestones."
Harry Boxer has posted his Charts of the Day video on FOLD at TheTechTrader site noting: Amicus Therapeutics, Inc. (FOLD) popped out of the wedge and pulled back, and was up just 7 cents to 12.91, on 8 million shares traded. I wanted you to see this pattern as it portends more upside to 15 and 18.
We should all be wise to remember that this company is burning through cash at a rate of 50+ million PER quarter and will make less than 50 million in revenue this year.
Posted in $ARWR conversation
Interesting development... Amicus Therapeutics $FOLD announced early Tuesday that the FDA has dropped its demand for a new Phase III study of its Fabry disease drug migalastat after it was stiff-armed by unsatisfied regulators last fall — then under a different administration with a different FDA commissioner.
Instead of pursuing a new and expensive late-stage study, Amicus CEO John Crowley tells me the company has the green light to file again with the data at hand. And based on discussions with the FDA, he adds, the company is shooting to file in the 4th quarter, with an accelerated approval that could arrive in 2018, potentially slicing years off the process.
“These are the days it’s good to be a biotech CEO,” says Crowley, who has been on a roller coaster ride at the FDA over the past year after being forced to walk back his own plans last November.
John Crowley There is no guarantee of an approval here, but the agency’s sudden volte-face clearly signals a new tone that vastly improves the biotech’s shot at an OK — at least in so far as we hear it from Crowley. And that could have a major influence on other developers tackling the same task.
Investors cheered on the sudden change in fortunes at Amicus, bidding up shares by 43% in pre-market trading Tuesday.
Crowley has never made a secret of the fact that he felt the drug — approved in Europe last year — was ready to go in the US after it completed the pivotal program. The FDA, though, rejected his application, saying regulators wanted more safety data than the Europeans needed.
That rejection became a cause celebre of sorts in DC, as President Donald Trump turned to Crowley’s daughter, Megan, who suffers from Pompe disease, and called out the FDA for the “slow and burdensome” process involved in new drug approvals during an address to Congress.
“Our slow and burdensome approval process at the Food and Drug Administration keeps too many advances, like the one that saved Megan’s life, from reaching those in need,” Trump said at the time. “If we slash the restraints, not just at the FDA, but across our government, then we will be blessed with far more miracles like Megan.”
Crowley picked up on that change in thinking at the White House in a blog post at the time in which he said: “The FDA’s regulation of the orphan development process is becoming less flexible, less efficient and less patient-centered.”
ACRX Volume today 26x the daily average volume... 2 back-to-back Buy Recommendations... 400% upside potential... ACRX's DSUVIA FDA PDUFA date is October 12, 2017... Heads up biotech followers...
Why would FOLD need to raise cash? They have pleny
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It's a smart move. With this offering Fold should last 2 years and by that point we should be cash flow positive. Buy on dip tomorrow
No Way Out
Not sure how the market will digest this, but you should consider US approval a slam dunk. No way the current FDA is going to push Migalistat out another 2-3 years while patients all over the world are enjoying documented benefits from this drug. With the bulk of the adoption in EU so far from patients switching from current ERT, it is clear the drug is safe and effective and there is nothing in the data that would put that conclusion in doubt.
Perhaps it's time to FOLD this hand.
Things I told the shorts...Cover at 7Cover at 8Cover at 9Cover at 10Japan filing would be on time.FDA would revisit Migalistat filing.That NO ONE GIVES A #$%$ ABOUT FOLD'S BURN RATE OR CASH POSITION. Bios from AMGN to GILD all dealt with this stuff in their infancy but shorts keep spouting it off. Pure ignorance.Stock will be 20 by years end if not taken out by suitor.Now I'm telling them that FOLD will receive (and maybe accept) a buyout bid within the next 12 months.Ignore my calls at your own risk you queerbait, rookie, novice shorts.
Hay mathew what time does the little yellow bus pick you up for summer school? hahahahahahaha
John Crowley called Trump and complained that Migalastat was rejected and here you go lol. Shorts I'm sorry, just bite a bullet and cover. Lesson learned