Investing in biotech stocks - My experience so far

Moe_The_Bartender

csgohan4 said:

Looks like EVFM are in trouble, down to 1.22, from their high of 5$ earlier. Their earnings call at 1630 EST I doubt will improve things, their product has had some side effects with itching and I am not sure one product is going to be enough to save this company. 

We shall see. I hope those invested will see the light of day, but sadly looks like the investment will be a loser on this occasion

Up 22% in after hours trading. What happened there?

csgohan4

the earnings call is much better than expected
https://finance.yahoo.com/news/evofem-biosciences-reports-first-quarter-200100636.html
However there remains issues with the management board and the high overheads of over 40mil vs 1.1 revenue, 

It is difficult to see which way this stock will go

I suspect alot of people will pump and dump in the short term on the back of the earnings call expectedly

If they make another stock offering, then this stock will be dead in the water as being an unsustainable company, no matter how good the product


This will remain a roller coaster ride

DYOR

Thrugelmir

csgohan4 said:

the earnings call is much better than expected
https://finance.yahoo.com/news/evofem-biosciences-reports-first-quarter-200100636.html
However there remains issues with the management board and the high overheads of over 40mil vs 1.1 revenue, 

Confidence in the management is key. I dump any stock where the management's words later transpire to amount to lies. As good as any investment looks on paper, a business is nothing without the right people at the helm. 

jjdc

Anyone here invested in Avacta? They're up massively recently as market is expecting/hoping for them to be named as the sovereign test, and are due to release their affimer based covid LFT this month, some 6 months behind schedule. Redacted bidstats contract is a bit of a tease mentions mologic who are providing CE mark, and £1.5bn awarded to manufacturing partners alone. Will fully fund their cancer therapies in to stage 2 and beyond. Monday can't come soon enough!

Thrugelmir

@BrockStoker

Any views on ARIX BIOSCIENCE (ARIX) ,

Came across this company the other day for the first time. More your speciality than mine. Interested me as UK based a rare find. 

moneyfoolish

jjdc said:

Anyone here invested in Avacta? They're up massively recently as market is expecting/hoping for them to be named as the sovereign test, and are due to release their affimer based covid LFT this month, some 6 months behind schedule. Redacted bidstats contract is a bit of a tease mentions mologic who are providing CE mark, and £1.5bn awarded to manufacturing partners alone. Will fully fund their cancer therapies in to stage 2 and beyond. Monday can't come soon enough!

Yes. As well as ARWR, AMRS and EVFM, I also have some Avacta which is looking the most promising of the 4 in the short term.

BrockStoker

csgohan4 said:

the earnings call is much better than expected
https://finance.yahoo.com/news/evofem-biosciences-reports-first-quarter-200100636.html
However there remains issues with the management board and the high overheads of over 40mil vs 1.1 revenue, 

It is difficult to see which way this stock will go

I suspect alot of people will pump and dump in the short term on the back of the earnings call expectedly

If they make another stock offering, then this stock will be dead in the water as being an unsustainable company, no matter how good the product


This will remain a roller coaster ride

DYOR

It defiantly wants to go up, but I'm guessing downward pressure from shorts is holding it back for the moment. Can only hope that the bulls/longs win, but as you say, it's bound to be a roller coaster for a while yet.

BrockStoker

jjdc said:

Anyone here invested in Avacta? They're up massively recently as market is expecting/hoping for them to be named as the sovereign test, and are due to release their affimer based covid LFT this month, some 6 months behind schedule. Redacted bidstats contract is a bit of a tease mentions mologic who are providing CE mark, and £1.5bn awarded to manufacturing partners alone. Will fully fund their cancer therapies in to stage 2 and beyond. Monday can't come soon enough!

I'm weary of all cancer stocks, so would not invest. I believe Arrowhead/RNAi already has the answer/cure for cancer, where as small molecule drugs are at a significant disadvantage relative to Arrowhead/RNAi. We should have a better idea if I'm right in the next 2-4 months. Of course, even if ARO-HIF2 shows great data, I doubt all other cancer stocks will fall immediately, but they may do over the coming years as the realization starts to sink in that Arrowhead should be able to tackle may different types of cancer effectively.

It might be worth considering hedging your bets by picking up some ARWR. ARWR has huge potential in all areas, not just cancer, and now is a good time to buy with 9 catalysts due over the summer - I doubt it will ever be this chap again.

BrockStoker

Thrugelmir said:

@BrockStoker

Any views on ARIX BIOSCIENCE (ARIX) ,

Came across this company the other day for the first time. More your speciality than mine. Interested me as UK based a rare find. 

This looks like a company that does not do anything apart from investing in biotechs. Without knowing what it's investing in it sounds like a risky proposition. Perhaps just better to invest in a biotech fund, which is basically what ARIX is I guess.

Moe_The_Bartender

BrockStoker said:

Thrugelmir said:

@BrockStoker

Any views on ARIX BIOSCIENCE (ARIX) ,

Came across this company the other day for the first time. More your speciality than mine. Interested me as UK based a rare find. 

This looks like a company that does not do anything apart from investing in biotechs. Without knowing what it's investing in it sounds like a risky proposition. Perhaps just better to invest in a biotech fund, which is basically what ARIX is I guess.

Finding out what it invests in takes about a minute.

https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=sl.ra.full&id=7fb9ab3e-c003-4347-a780-dcaa2fd05b63&user=8Ntr%2fH%2fAGAzOkOywqrKV5lHeWQytHLkBh1MOjgrLILodXp9DGCM74Jrkj5tTb7Y2&r=1