Progenity, Inc. PROG said in a series of filings with the SEC that insiders, including Hutan Hashemi, chief compliance officer, and Matthew Cooper, chief compliance officer, disposed shares in the company. Progenity intends to use the net proceeds from this offering to support its operations, invest in research and development with respect to its diagnostic technologies and precision medicine platform, and for working capital and general corporate purposes. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. With plenty of financial support and a large seasoned sales force already in place, Pfizer could rapidly capitalize on a buyout of this $5 billion business. Whether thats a good thing or not, Ill let you decide. After two days of treatment, patients experienced an 80% greater viral-load reduction compared to placebo -- and this difference was maintained eight days after the start of treatment. It has an approved drug with a blockbuster addressable market, and that drug may have optionality for other autoimmune conditions as well (though it's not actively being studied in other diseases at the moment). Sorry, you need to enable JavaScript to visit this website. In addition, to learn more, please visit us on www.Pfizer.com and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Facebook.com/Pfizer. The results trailed expectations. No serious adverse events were reported. According to Progenity, the Preecludia test is expected to target an addressable market of up to $3 billion per year in the U.S. Thinking about buying stock in AT&T, Tesla, Pfizer, Progenity, or Energous Corp? Biora Therapeutics, NaviCap, BioJet, and GITrac are trademarks of Biora Therapeutics, Inc. On July 22, Pfizer announced a global collaboration with Arvinas, which has a breast cancer treatment in phase 2 trials. $38 becomes the price target." 0 Liked By . Create your Watchlist to save your favorite quotes on Nasdaq.com. These forward-looking statements are based on Progenitys expectations and assumptions as of the date of this press release. Altogether, these markets add up to about 6,000 patients annually in the U.S. At a cost of $231,000 per patient per year, that's a $1.3 billion addressable market for which Blueprint and partner Roche will split costs and profits 50-50 in the U.S. However, it could also be used to monoclonal antibodies, peptides, and nucleic acids rather than using an injection. We have built a robust product portfolio through efficient in-house development, clinical laboratory partnerships, and strategic acquisitions. At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. Weve been committed to making the impossible possible by working tirelessly to develop and produce in record time a safe and effective vaccine to help bring an end to this global health crisis, said Dr. Albert Bourla, Pfizer Chairman and CEO. The U.S. government will pay the companies $1.95 billion upon the receipt of the first 100 million doses, following FDA authorization or approval. 2 Resilient Stocks to Buy Now, 2 Fairly Safe Stocks You'll Regret Not Buying on the Dip. The session will explore oral delivery of biologics and the many technological approaches currently under investigation and showing promising results, including Progenitys Oral Biotherapeutic Delivery System (OBDS), which is designed to enable needle-free systemic delivery of large-molecule biologics in a liquid formulation. A shelf registration statement relating to the offered shares of common stock was filed with the Securities and Exchange Commission (SEC) on July 30, 2021 and was declared effective on August 6, 2021. The companies currently expect to manufacture globally up to 100 million doses by the end of 2020 and potentially more than 1.3 billion doses by the end of 2021, subject to final dose selection from their clinical trial. Thinking about trading options or stock in Nike, Meta Platforms, Tesla, Walt Disney, or Netflix. +1 (212) 733-7410[emailprotected] With COVID-19 cases rising worldwide, there's a pressing need for an efficacious oral therapy that can be administered not only to hospitalized patients but also to those well enough to be given a prescription as outpatients. The precision-medicine company also has two candidates entering phase 1 studies for non-small cell lung cancer with mutations within a specific gene called EGFR. We engage in partnerships with innovators to push forward great science and continually seek new partners that are actively researching bold scientific ideas, capabilities and technologies that have the potential to bring innovative treatments to patients in need. Be the change you want to see in the world! This webcast may contain forward-looking statements about, among other things, our anticipated operating and financial performance, reorganizations, business plans and prospects; expectations for our product pipeline, in-line products and product candidates, including anticipated regulatory submissions, data read-outs, study starts, approvals, clinical . You can sign up for additional alert options at any time. The Motley Fool has a disclosure policy. There are patients who are waiting, and together, we might deliver on the promise of better health and longer lives. This news could accelerate Pfizer's possible partnership with Progenity if their sales are impacted by this negative development. The offering of the shares of common stock is being made only by means of a prospectus, including a prospectus supplement, forming a part of an effective registration statement. The stock was up 0.73% at $244 in premarket trading. PROG stock is a meme stock. With Atea valued at just $2.1 billion yet having megablockbuster potential, there's a lot of upside for Pfizer. LONDON, April 28 (Reuters) - Pfizer Inc (PFE.N) has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles likely to delay . At Pfizer, we promise to treat your data with respect and will not share your information with any third party. Progenity, Inc. is a biotechnology company innovating in the fields of womens health, gastrointestinal health and oral biotherapeutics. In some cases, you can identify these statements by forward-looking words such as expect, may, will, or the negative or plural of these words or similar expressions (as well as other words or expressions referencing future events, conditions or circumstances). A continued decline in COVID-19 vaccines and related products caused a 34% revenue decline. Type a symbol or company name. Copy and paste multiple symbols separated by spaces. SAN DIEGO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, announced today that the company will participate in the 11thannual Partnership Opportunities in Drug Delivery(PODD) Conference, October 28-29, 2021 in Boston. Pfizer has several key areas of interest where we are looking to partner with others. On July 22, Pfizer announced a global collaboration with Arvinas, which has a breast cancer treatment in phase 2 trials. Learn More. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. They are positioning for a frog leap like no other Investor Relations But if it happens, PROG stock could rally powerfully. David Moadel for Anyone who bought that dip probably soon regretted the decision. Invest better with The Motley Fool. Thus, the patent for Preecludia represents a major step forward for Progenity. With more frequent administration, oral delivery has the potential to improve drug efficacy and safety as compared to current injection regimens. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. At the same time, aReddit-fueled run-up might be in store for Progenity. Cision Distribution 888-776-0942 Vaccines can give your body way to identify an infecting agent, and instructions on how to defeat itand potentially, avoid infecting others. Progenity, Inc. PROG said in . In an interview last month, Pfizer's head of vaccines research and development Annaliesa Anderson said the company still aimed to make its vaccine the first of its kind available for pregnant women in low-income countries more or less in the "same time frame" as in wealthy countries. Investor Contact:Robert UhlManaging Director, Westwicke ICRir@progenity.com (619) 228-5886, Media Contact:Kate Blom-LoweryCG Lifemedia@progenity.com (619) 742-6294. Further data from the ongoing Phase 1/2 clinical trials of the four vaccine candidates will enable the selection of a lead candidate and dose level for an anticipated large, global Phase 2b/3 safety and efficacy study that may begin as early as later this month, pending regulatory approval. About the Oral Biotherapeutic Delivery System (OBDS) Progenitys Oral Biotherapeutic Delivery System (OBDS) is an ingestible capsule designed for needle-free, oral delivery of large molecules, including monoclonal antibodies, peptides, and nucleic acids. Research and Business Development Partnerships. Pfizer already has multiple compounds aimed at various autoimmune conditions, and this $1.8 billion company seems like an obvious tuck-in acquisition for the pharma giant. "We are committed to working with the appropriate organizations, including regulatory authorities and other global health partners, to help ensure the vaccine candidate, once approved, is available in lower- and middle-income countries as quickly as possible," a Pfizer spokesperson said when asked about the timeline for the RSV shot. Making the world smarter, happier, and richer. A further description of risks and uncertainties can be found in Pfizers Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned Risk Factors and Forward-Looking Information and Factors That May Affect Future Results, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at www.sec.gov and www.pfizer.com. About Pfizer: Breakthroughs That Change Patients Lives. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Week Ahead In Biotech (Nov. 14-Nov. 20): BioMarin FDA Decision, Tapering Earnings News Flow, Conference Presentations And More, Attention Biotech Investors: Mark Your Calendar For November PDUFA Dates, Do Not Sell My Personal Data/Privacy Policy. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We routinely post information that may be important to investors on our website at www.Pfizer.com. Media Relations In any event, dont even think about getting on the short side of the trade. This disease affects about 80,000 to 100,000 people in the U.S., but fortunately, when combined with current standards of care, Aurinia's drug is more likelyto improve kidney function. Sylke Maas, Ph.D. Progenity recently signed its third partnership with a major pharmaceutical company to evaluate delivery of large molecules using the OBDS platform. "I think we're doing better than in years before," she said. Progenity Inc (PROG) Post# of 1456 Go Next 10 . It is used to assess patients for preeclampsia (a potentially fatal pregnancy complication). Look at their patents. EDAP TMS S.A. EDAP reported third-quarter revenues of $11.1 million, almost unchanged from a year-ago period, as lingering COVID-19 impact cut capital equipment sales. All of that being said, I dont want anyone to just buy PROG stock without knowing what the company does to make money. InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. CymaBay Therapeutics, Inc. CBAY announced that it has commenced an underwritten public offering of its common stock and pre-funded warrants. The Motley Fool owns shares of and recommends Atea Pharmaceuticals, Inc. Indian broadcaster New Delhi Television Ltd (NDTV) , part of the embattled Adani Group, posted a 97.6% plunge in quarterly profit on Monday due to weak advertising demand. Progenity applies a multi-omics approach, combining genomics, epigenomics, proteomics, and metabolomics to its molecular testing products and to the development of a suite of investigational ingestible devices designed to provide precise diagnostic sampling and drug delivery solutions. The PROVENT trial evaluating a median six months of participant follow-up showed a 300mg IM dose of AZD7442 reduced the risk of developing symptomatic COVID-19 compared to placebo by 83%. Atea partnered with Roche in October 2020 on AT-527, and the drug is now in an ongoing worldwide phase 3 trial with results due in the second half of 2021. Not for sale in the U.S. Progenity to Participate in 11th Annual Partnership Opportunities in Drug Delivery Conference. The BNT162 program is based on BioNTechs proprietary mRNA technology and supported by Pfizers global vaccine development and manufacturing capabilities. The products discussed herein may have different labeling in different countries. See here for a complete list of exchanges and delays. Progenity has an overall rating of 2.6 out of 5, based on over 145 reviews left anonymously by employees. BioNTech is the market authorization holder worldwide and will hold all trademarks for the potential product. And despite impressive COVID-19 data from Atea, Pfizer has its own oral coronavirus treatment early in progress, though not quite as far along in clinical trials. You must click the activation link in order to complete your subscription. Its peak sales forecast is of more than $2 billion annually together from the maternal vaccine and an RSV shot for older adults. Our Standards: The Thomson Reuters Trust Principles. Progenity expressly disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise, except as required by law. 2023 Biora Therapeutics, Inc. All rights reserved. Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Pfizer assumes no obligation to update forward-looking statements contained in the webcast as the result of new information or future events or developments. and our We engage in partnerships with innovators to push forward great science and continually seek new partners that are actively researching bold scientific ideas, capabilities and technologies that have the potential to bring innovative treatments to patients in need. 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. These symbols will be available throughout the site during your session. Speaking back in May on his company's Q1 2021 earnings call, Pfizer (PFE 0.82%) CEO Albert Bourla stated, "You should expect to see a lot of business development deals that will allow us to bring in-house a lot of potential medicines that could become [approved treatments] in the second part of the decade." [1/3]Pfizer company logo is seen at a Pfizer office in Puurs, Belgium, December 2, 2022. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Actual results may differ materially from these forward-looking statements. +49 (0)6131 9084 1074[emailprotected]. Let's learn about each other and discover synergies, goals, needs and capabilities. The stock was slipping 2.46% to $4.76 in after-hours trading. The early data demonstrates that BNT162b1 is able to produce neutralizing antibodies in humans at or above the levels observed in the plasma from patients who have recovered from COVID-19, and this was shown at relatively low dose levels. The latest results were published online in the New England Journal of Medicine. For a discussion of these and other risks and uncertainties, see BioNTechs Annual Report on Form 20-F filed with the SEC on March 31, 2020, which is available on the SECs website at www.sec.gov. Any forward-looking statements that Progenity makes in this press release speak only as of the date of this press release. ", (This story has been corrected to change the approval date in the US to August, not May, in paragraph 4). InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. The deal cost Pfizer $650 million upfront, as well as a $350 million equity . CureVac N.V. CVAC announced the online publication in the journal Nature, extended preclinical study of the second-generation vaccine candidate, CV2CoV, jointly developed with GlaxoSmithKine plc GSK, showing results from a direct comparison of CV2CoV with Comirnaty, the licensed mRNA vaccine developed by Pfizer, Inc. PFE/BioNTech SE BNTX. The drugmaker received a $28 million grant from the Bill and Melinda Gates Foundation in September to support the launch of the respiratory syncytial virus vaccine in poorer countries, where RSV - a common cold-like virus - is much more likely to be lethal for very young children. Reply Private New. +1 (212) 733-3901[emailprotected] BioNTech: See here for a complete list of exchanges and delays. SAN DIEGO, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. ("Progenity") (Nasdaq: PROG), an innovative biotechnology company, today announced that it has entered into privately negotiated . GUESS who produces togacitinib PFIZER! Oncorus, Inc. ONCR disclosed in a filing with the SEC that Stephen Harbin, its chief operating officer and chief of staff, bought 30,000 shares in the company. Multi-dose vials require the addition of a preservative, which means the manufacturer needs to run new trials to ensure there is no impact on the vaccines safety or efficacy. This patent covers Progenitys dissociated placental growth factor (PlGF) test, known as Preecludia. Forward Looking StatementsThis press release contains forward-looking statements, which statements are subject to substantial risks and uncertainties and are based on estimates and assumptions. These risks and uncertainties include, but are not limited to: competition to create a vaccine for COVID-19; the ability to produce comparable clinical results in larger and more diverse clinical trials; the ability to effectively scale our productions capabilities; and other potential difficulties. These statements involve known and unknown risks, uncertainties and other factors that could cause Progenitys actual results to differ materially from the forward-looking statements expressed or implied in this press release, including Progenitys ability to successfully develop and commercialize its products under development, the uncertainties inherent in the development process, such as the regulatory approval process, the timing of regulatory filings, and other matters, including the ongoing COVID-19 pandemic, that could affect sufficiency of existing cash, cash equivalents and short-term investments to fund operations and the availability or commercial potential of Progenitys products, and those risks described in Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in Progenitys Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 18, 2021, and other subsequent documents we file with the SEC, including but not limited to Progenitys Quarterly Reports on Form 10-Q. On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. With a market cap of less than $2 billion and a potential blockbuster that has possible optionality into other autoimmune diseases, Aurinia looks undervalued and could find itself being acquired sooner rather than later. 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. Sorry, you need to enable JavaScript to visit this website. Most of those children are under five years old, with 98% living in low and middle-income countries that have fewer healthcare resources to treat the infection. Right now PROG stock is the entrenched domicile of Reddit's apes staging a late in-the-game coup against the outfit's bear population. Early discussions with the WHO are underway, but the process will be complicated because Pfizer's RSV vaccine is not designed for syringes that automatically disable after one injection, which are preferred by the health agency for safety reasons to prevent reuse. This informationincluding product informationis intended only for residents of the United States. All statements, other than statements of historical facts, included in this press release are forward-looking statements. Pfizer has several key areas of interest where we are looking to partner with others. Its first oncology drug, Gavreto, is a once-a-day oral medication for non-small cell lung cancer, as well as certain types of thyroid cancer with a mutation in a specific gene called RET. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 2023 Benzinga.com. Indications are 34% to . This transcript may contain forward-looking statements about, among other things, our anticipated operating and financial performance, business plans and prospects; expectations for our product pipeline, in-line products and product candidates, including anticipated regulatory submissions, data read-outs, study starts, approvals, post-approval clinical trial results and other developing data that become available, revenue contribution, growth, performance, timing of exclusivity and potential benefits; manufacturing and product supply; our efforts to respond to COVID-19, including our development of a vaccine to help prevent COVID-19 and our investigational protease inhibitor; our expectations regarding the impact of COVID-19 on our business; plans for and prospects of our acquisitions, dispositions and other business-development activities, and our ability to successfully capitalize on these opportunities; and discussions relating to strategic reviews, capital allocation objectives, dividends and share repurchases, among other things, that involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Pfizer has a windfall of cash it's looking to deploy. The information contained in this release is as of July 22, 2020. Related Link: The Week Ahead In Biotech (Nov. 14-Nov. 20): BioMarin FDA Decision, Tapering Earnings News Flow, Conference Presentations And More. They have already reached a partnership for a maternal vaccine in earlier stages of development against Group B Streptococcus, which kills around 90,000 babies a year and causes 46,000 stillbirths, over half of them in sub-Saharan Africa. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Looking ahead, Progenity Chief Scientific Officer Matthew Cooper anticipates that the company will pursue "partnership opportunities for commercialization" of the Preecludia test. Any forward-looking statements in this press release are based on BioNTech current expectations and beliefs of future events, and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. If you enjoy betting on volatile biotech names, then check out Progenity(NASDAQ:PROG). Thats promising. Inoculating pregnant women against RSV can protect babies from the virus that kills nearly 100,000 children worldwide each year. "It's a little bit disappointing, but they are doing the right thing now.". In premarket trading, the stock was slipping 2.48% to $3.94. These risks and uncertainties include, without limitation, risks and uncertainties related to market and other conditions and the satisfaction of customary closing conditions related to the registered direct offering. It had pledged last May to offer its existing portfolio, as well as newly developed drugs and vaccines, at a not-for-profit basis to 45 lower-income countries on a faster timeline than in the past. In fact, 40.8% of patients see improvements in renal function after 52 treatments with Lupkynis, versus 22.5% receiving standard-of-care treatment alone. That leaves Aurinia, which I believe to be the safest buy on the list for pharmaceutical investors -- Pfizer included. While Gavreto competes with Eli Lilly'sRetevmo in this market, the Roche-Blueprint product currently has a 40% share of the RET-inhibitor space, despite being the second one to the party. Investor Relations As MacDonald clarified, These tests allow users to see whether any deformities or abnormalities exist with their unborn children. MacDonald also observed that PROG stock had tumbled more than 50% in a single trading session in August. All information in this press release is as of the date of the release, and BioNTech undertakes no duty to update this information unless required by law. The company says it wants to shorten a timeline in which poorer countries often get vaccines many years after they are available elsewhere.
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