Premier Inc. (NASDAQ: PINC), through its ProvideGx program, has partnered with Pfizer Inc. to supply five essential medications to healthcare providers, helping to meet the immediate and long-term supply needs of medications necessary to a range of patient care interventions, including some that have been critical during the COVID-19 pandemic. Revolutionizing drug discovery. (Photo credit: Getty Images). These forward-looking statements may include, but may not be limited to, statements concerning: BioNTechs efforts to combat COVID-19; the timing to initiate clinical trials of BNT162 and anticipated publication of data from these clinical trials; the timing for any potential emergency use authorizations or approvals; the potential to enter into additional supply agreements with other jurisdictions or the COVAX Facility; the potential safety and efficacy of BNT162; the collaboration between BioNTech and Pfizer to develop a potential COVID-19 vaccine; and the ability of BioNTech to supply the quantities of BNT162 to support clinical development and, if approved, market demand, including our production estimates for 2020 and 2021. As a result, the stock looks extremely speculative here, as the company is likely headed towards failure unless one of its products under development can succeed, in which case it could richly reward investors from here. Additional disclosure: This is an investment thesis and is intended for informational purposes. As well see, there are issues with both the company and the stock, which might dissuade some prospective investors. Additionally, Progenity boasts a strong patent portfolio consisting of 96 patent families, with 180 having already been issued. News provided by InvestorsObserver Oct 25, 2021, 09:31 ET NEW YORK, Oct. 25, In the same way, Progenity has entered into additional partnerships with two large pharmaceutical plays to evaluate their therapeutic with the OBDS. Progenity's Oral Biotherapeutic Delivery System is an ingestible capsule that can be swallowed to deliver large molecules, including monoclonal antibodies, peptides, Founded in 2010, Progenity is relatively young biotech focusing research in the fields of Oral biotherapeutics and Gastrointestinal health and went public only in June last year. The share price fell to $5 and change by the end of 2020, and even sank below $1 in late September of this year. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. As COVID-19 cases increase, demand for some of these medications has risen. TipRanks->. Shares of Progenity (PROG +40.0%) have soared today after the company apparently secured a patent related to a device in the Just to recap, Progenity conducted its initial public offering (IPO) on June 22, 2020. Raised $46 million in gross proceeds through warrant exercises and $5 million through its ATM program. capital structure by reducing the debt level, the company has also issued patents to protect the fruit of its R&D activities. There are signs of a possible comeback in the works, however. PROG stock is very difficult to value, due to the fact that its revenues are declining rapidly and it is running up steep losses. Granted, its important to consider whetherReddit users might be setting the stock up for a rally. Holding PROG stock will require patience and faith in the company. Additionally, the IBD market for which the company is developing new treatment options with its DDS platform is estimated at $15 billion. Shares of Progenity ( PROG -8.76%) were up more than 24% on Friday. SAN DIEGO, March 28, 2022 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, today provided a corporate update and reported financial results for the fourth quarter and full-year ended December 31, 2021. Pfizer works with a range of PR firms. Type a symbol or company name. Progenitys primary specialty is orally administered biotherapeutics that diagnose and/or treat GI issues. 28 Feb 2023 10:51:55 We made the early decision to begin clinical work and large-scale manufacturing at our own risk to ensure that product would be available immediately if our clinical trials prove successful and an Emergency Use Authorization is granted. Pfizer works with a range of PR firms. Progenitys Vice President of Strategy and Operations, The biotech company is developing a test called Preecludia that rules out If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.coms writers disclose this fact and warn readers of the risks. Progenity and Ionis Pharmaceuticals Enter into Agreement. This was still a slight improvement since the previous year, when loss stood at $47 million. The BNT162 program is based on BioNTechs proprietary mRNA technology and supported by Pfizers global vaccine development and manufacturing capabilities. 35. SAN DIEGO, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Progenity) (Nasdaq: PROG), an innovative biotechnology company, today announced that it has Premier plays a critical role in the rapidly evolving healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide. However, there are also reasons to take a long position in Progenity as the company aggressively pursues its clinical programs. For more information, please visit www.BioNTech.de. About Premier Inc. SELLAS Life Sciences Group Stock Down 53.7 %. Pfizer has made significant investments in its injectables manufacturing network to support increased capacity and order fulfillment rates. Treatment of a disease of the gastrointestinal tract with a pde4 inhibitor CN112789042A (zh) 2018-09-28: 2021-05-11 Pfizer Inc: Pharmaceutical combination US6790856B2 (en) * This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which statements are subject to substantial risks and uncertainties and are based on estimates and assumptions. In this respect, the pharma's trailing price to sales multiples is at a high of 2.35K% (table below), mostly due to the licensing of its TFF technology to UNION therapeutics, "to be used in combination with niclosamide, for the treatment of tapeworm infection". Please disable your ad-blocker and refresh. These symbols will be available throughout the site during your session. Now, preeclampsia is a common disease associated with pregnancy where the patient suffers from high blood pressure and protein build-up in the urine. Just considering a Price to Sales ratio of 5 (roughly two times the current P/S) for Progenity, I obtain a target share price of $5. In addition to engagements with governments, Pfizer and BioNTech have provided an expression of interest for possible supply to the COVAX Facility, a mechanism established by Gavi, the Vaccine Alliance, the Coalition for Epidemic Preparedness Innovations (CEPI) and World Health Organization (WHO) that aims to provide governments with early access to a large portfolio of COVID-19 candidate vaccines using a range of technology platforms, produced by multiple manufacturers across the world. CHARLOTTE, N.C.--(BUSINESS WIRE)-- pharma, like those it is partnering with. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. This marks the third collaboration for the OBDS, further demonstrating the interest of the industry in the oral delivery of large molecules. SAN DIEGO, June 10, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Progenity) (Nasdaq: PROG), an innovative biotechnology company, today announced that it has NEW YORK & MAINZ, Germany--(BUSINESS WIRE)-- Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced the execution of an agreement with the U.S. Department of Health and Human Services and the Department of Defense to meet the U.S. governments Operation Warp Speed program goal to begin delivering 300 million doses of a vaccine for COVID-19 in 2021. When financial asset traders talk about Progenity(NASDAQ:PROG) stock, oftentimes theyre not discussing the companys merits and challenges. Thinking about buying stock in AT&T, Tesla, Pfizer, Progenity, or Energous Corp? German biotech BioNTech SE worked on cancer treatments, and was developing an influenza vaccine with Pfizer Inc., when its founder, Ugur Sahin, led the As the company points out in its investor presentation, direct and noninvasive access to the GI tract could potentially improve the efficacy and safety outcomes. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. For the third quarter 2021, Progenity reported revenues of $182,000, showing significant improvement since the same period last year, when revenues stood at $56,000. Type a symbol or company name. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Unfortunately, PROG stock has been on a general downward trend since the IPO. Clinical collaborators presented patient data exploring potential causes for the 30% of patients who are primary non-responders to anti-TNF therapies during the 17th Congress of ECCO. In the same way as Progenity, the pharma is developing a drug delivery mechanism, this time based on inhalation or delivering dry powder to the main respiratory organ of patients. At that offering, the company sold approximately 6.6 million shares for $15 apiece. WebBiora Therapeutics Inc. Biora Therapeutics, Inc. provides health care testing services. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options. However, the stock is also subject to volatility risks as past performance shows it fluctuating amid "social media buzz". Thinking aloud, Progenity's approach to partnering with a drug developer, and making use of its own alternative ("drug") delivery mechanism reminds me of TFF Pharmaceuticals (TFFP), which I covered last month. 11:15 am. Disclaimer:The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates Read full disclaimer >. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. For this purpose, Progenity generated $9.6 million of revenues during Q3, out of which $9.4 million came from discontinued operations, signifying a net income of just $0.2 million. LightRocket via Getty Images. Additionally, the average PROG price target of $3.00 puts the upside potential at 34.5%. Comparison of Three Months Ended December 31, 2021 and 2020. Raw short interest in Progenity is up 185% in the last month and up 316% since the end of July. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. WebNews Progenity Inc.PROG. With integrated data and analytics, collaboratives, supply chain solutions, and consulting and other services, Premier enables better care and outcomes at a lower cost. SAN DIEGO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, announced today that the company will Progenity (NASDAQ: PROG) stock is taking off on Tuesday after the company revealed a new patent granted to it. Crypto. Preecludia validation study results for preeclampsia were published in the Journal of Pharmaceutical and Biomedical Analysis. SAN DIEGO, March 28, 2022 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, today provided a corporate update and When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. ATS Farma Zoekopdracht uitbreiden. WebBoard Review Qbank: DDSEP 10 Complete (Syllabus , Questions , Answers , Explanations) as Download Link, Directed by: AGA (American Gastroenterological Association), DDSEP (Digestive Disease Self-Education Program) Brief Introduction and Summary: Format 34 PDF Files (Full Content) Size 81 MB Original Publisher AGA (American Gastroenterological On top of that, the company trades for 40 times forward sales, which seems like a very lofty multiple. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Greater San Diego Area. I have no business relationship with any company whose stock is mentioned in this article. For this purpose, I am not a classical equity researcher or fund manager, but, I come from the IT world as the founder ofKeylogin Information and Technologies Co. Ltd.Thus, my research is often backed by analytics and I make frequent use of charts to support my position.I also invest, and thus, in this tumultuous market, I often look for strategies to preserve capital.As per my career history below, I have wide experience, initially as an implementer in virtualization and cloud, and I was subsequently a team leader and project lead, mostly working in telcos.I have also been a mediocre entrepreneur in real estate, and a farmer, and like to dedicate at least 5 hours per week to working on a non-profit basis. Founded in 2010, Progenity aims to improve the diagnosis of disease and therefore improve the outcomes for patients using localized treatment with targeted therapy. The Company offers complex molecular diagnostic solutions. BioNTech has established a broad set of relationships with multiple global pharmaceutical collaborators, including Genmab, Sanofi, Bayer Animal Health, Genentech, a member of the Roche Group, Genevant, Fosun Pharma, and Pfizer. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions. In some cases, you can identify forward-looking statements by terms such as may, might, will, objective, intend, should, could, can, would, expect, believe, design, estimate, predict, potential, plan or the negative of these terms, and similar expressions intended to identify forward-looking statements. 11:15 am. Forward-Looking Statements March 1, 2023. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. +1 (212) 733-7410[emailprotected] The two companies established a partnership back in April. FDA decision expected by PDUFA goal date in May 2023 The positive votes are based on compelling scientific evidence presented by the company, including Phase 3 efficacy and safety data If authorized, vaccine candidate would help address the substantial burden of RSV in adults 60 years of age and older Pfizer Inc. (NYSE: PFE) announced Sylke Maas, Ph.D. Premier Inc. (NASDAQ: PINC), through its ProvideGx program, has partnered with Pfizer Inc. to supply five essential medications to healthcare providers, Progenity, Inc. SAN DIEGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, today announced that the SVB Securities analyst Andrew Berens said Pfizer could divest the bladder cancer therapy Padcev, to avoid anti-trust scrutiny. For more than 150 years, we have worked to make a difference for all who rely on us. Progenitys vision is to transform healthcare to become more precise and personal by improving patient outcomes through localized treatment with targeted therapies and improving disease diagnoses. For more information, visit www.progenity.com or follow the company on LinkedIn or Twitter. March 1, 2023. In the same way, Progenity has entered into additional partnerships with two large pharmaceutical plays to evaluate their therapeutic with the OBDS. Participated in the fourth annual Inflammatory Bowel Disease (IBD) Innovate Product Development for Crohns & Colitis conference to highlight the important developments achieved so far with the companys Targeted Therapeutics program. Progenity will host a webcast and conference call to discuss the fourth quarter financial results and answer investment community questions today, Monday, March 28, 2022 at 4:30 p.m. Eastern / 1:30 p.m. Pacific. In this context, operating expenses (excluding stock-based compensation expenses) were $32.7 million in Q3, representing a $9 million favorable variance compared to the previous guidance. On LinkedIn or Twitter as past performance shows it fluctuating amid `` social buzz! Charlotte, N.C. -- ( BUSINESS WIRE ) -- pharma, like those is..., progenity and pfizer partnership Energous Corp is a common disease associated with pregnancy where patient. On us www.progenity.com or follow the company and the stock, oftentimes not! As past performance shows it fluctuating amid `` social media buzz '' large molecules, theyre... Up 316 % since the IPO protect the fruit of its R & D activities investing in stocks options! 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