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Investing in biotech stocks - My experience so far

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  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    @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

    Thanks for the link Moe. I've been a bit tied up recently, but if I get a chance I'll try to have a look this week at some point.
  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    Nice to see a new write up on EVFM on SA:
    Very bullish to see how actual sales compare what what already was an optimistic model:

    Also good news today for EVFM:
    Everything else ticking over nicely too it seems - now just a question of being patient (once again)!
    Hope everyone is hanging on in there at least, if not enjoying the ride!
  • It already had fast track designation, didn’t it?
    The fascists of the future will call themselves anti-fascists.
  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    It already had fast track designation, didn’t it?
    I think the original Phexxi did, but this is for EVO100 which they are hoping will be effective against gonorrhea and chlamydia, as well as against pregnancy.



  • I believe that what was actually said today was that it had the potential for an expedited review. Could be wrong though but you have to be careful with words.
    The fascists of the future will call themselves anti-fascists.
  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    I believe that what was actually said today was that it had the potential for an expedited review. Could be wrong though but you have to be careful with words.

    The wording is pretty unambiguous - quote:
    "SAN DIEGO, May 12, 2021 /PRNewswire/ -- Evofem Biosciences, Inc., (NASDAQ: EVFM) today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for EVO100 for the prevention of urogenital gonorrhea in women."
    It's definitely new news.


  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    @Moe_The_Bartender This link clears it up. Evo100 previously got FTD for chlamydia in women, but this is for chlamydia and gonorrhea in women:
  • moneyfoolish
    moneyfoolish Posts: 681 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I believe that what was actually said today was that it had the potential for an expedited review. Could be wrong though but you have to be careful with words.

    The wording is pretty unambiguous - quote:
    "SAN DIEGO, May 12, 2021 /PRNewswire/ -- Evofem Biosciences, Inc., (NASDAQ: EVFM) today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for EVO100 for the prevention of urogenital gonorrhea in women."
    It's definitely new news.



    Still pretty much dropping like a stone, BS!
  • BrockStoker
    BrockStoker Posts: 917 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    I believe that what was actually said today was that it had the potential for an expedited review. Could be wrong though but you have to be careful with words.

    The wording is pretty unambiguous - quote:
    "SAN DIEGO, May 12, 2021 /PRNewswire/ -- Evofem Biosciences, Inc., (NASDAQ: EVFM) today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for EVO100 for the prevention of urogenital gonorrhea in women."
    It's definitely new news.



    Still pretty much dropping like a stone, BS!

    To be fair it hasn't been falling as much as some of the other speculative stocks I hold (ORTX, SRNE, BNGO were all down more than EVFM yesterday), although that's hardly surprising given how much EVFM has already fallen. Unfortunately it will take some good news for a recovery - they need a deal, and I hope there will be news of one soon, otherwise we have to wait till sales pick up a bit more. I think we may see that deal soon.. hopefully! Note that as well as Saundra buying EVFM stock on the open market recently, someone on the YFMB reported that Blackrock has also been buying recently - might explain the spike/spikes we saw a few days back.
    Having said about BNGO being down yesterday, they reported a jump in revenue after hours, and looks like it'll pop today:
  • Moe_The_Bartender
    Moe_The_Bartender Posts: 1,512 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 14 May 2021 at 3:39PM
    I believe that what was actually said today was that it had the potential for an expedited review. Could be wrong though but you have to be careful with words.

    The wording is pretty unambiguous - quote:
    "SAN DIEGO, May 12, 2021 /PRNewswire/ -- Evofem Biosciences, Inc., (NASDAQ: EVFM) today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for EVO100 for the prevention of urogenital gonorrhea in women."
    It's definitely new news.



    Still pretty much dropping like a stone, BS!

    To be fair it hasn't been falling as much as some of the other speculative stocks I hold (ORTX, SRNE, BNGO were all down more than EVFM yesterday), although that's hardly surprising given how much EVFM has already fallen. Unfortunately it will take some good news for a recovery - they need a deal, and I hope there will be news of one soon, otherwise we have to wait till sales pick up a bit more. I think we may see that deal soon.. hopefully! Note that as well as Saundra buying EVFM stock on the open market recently, someone on the YFMB reported that Blackrock has also been buying recently - might explain the spike/spikes we saw a few days back.
    Having said about BNGO being down yesterday, they reported a jump in revenue after hours, and looks like it'll pop today:
    Poor Saundra. She spent over $100,000 at $2.28 a couple of months ago and they’re now worth almost half that. Then the shareholders refused her a pay rise. She’s a walking disaster - what did she expect?
    The fascists of the future will call themselves anti-fascists.
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