Exclusive news, data and analytics for financial market professionals, Reporting by Jennifer Rigby and Maggie Fick; Editing by Michele Gershberg and Deepa Babington, Exclusive: Rotavirus childhood vaccine shortage hits four African countries, Climate change puts Lyme disease in focus for France's Valneva after COVID blow, U.S. FDA declines to approve expanded use of Acadia's antipsychotic drug, CanSinoBIO's inhaled COVID booster stronger against BA.1 Omicron subvariant than Sinovac shot, Adani-owned NDTV profit plunges about 98% on weak advertising demand, Wolfgang Porsche announces final term on Volkswagen supervisory board, Russia temporarily halts gas supply to Armenia for planned maintenance, Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand, US FDA declines to approve Ascendis' hormone disorder therapy. Pfizer To Supply 10M Courses Of Oral COVID Pill To US For About $5.29B . Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Depending on success in clinical trials, todays agreement will enable the delivery of approximately 100 million doses of this vaccine to the American people.. For more than 150 years, we have worked to make a difference for all who rely on us. After all, the Reddit crowd might punish anyone who dares to do that. We are also in advanced discussions with multiple other government bodies and we hope to announce additional supply agreements soon. Going back to the beginning, Progenity conducted its initial public offering (IPO) on June 22, 2020. If you enjoy betting on volatile biotech names, then check out Progenity(NASDAQ:PROG). Consistent with our responsibility as one of the world's premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. Learn about SARS-CoV-2, the coronavirus that causes COVID-19, what you can do to stay safe and prevent the spread, and our scientific efforts to help bring an end to the current global health crisis. Let's look at three potential candidates that could help Pfizer to further secure its future. Investor Relations 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. Pearce IP is ranked in IAM Patent 1000 and Managing IP (MIP) IP Stars, in Australasian Lawyer 5 Star Awards as a '5 Star' firm, and the Legal 500 APAC Guide for Intellectual Property . Preparations for those modifications are just beginning, according to the World Health Organization and the company - which is likely to push back delivery by several years. The ideal candidate may already have drugs on the market that could benefit from Pfizer's marketing team. 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). 2023 Benzinga.com. +49 (0)6131 9084 1513 or +49 (0)151 1978 1385[emailprotected] Say Goodbye Not Good Buy to the Progenity Short Squeeze - Insider The BNT162 program is based on BioNTechs proprietary mRNA technology and supported by Pfizers global vaccine development and manufacturing capabilities. 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. The stock was slipping 2.46% to $4.76 in after-hours trading. With pre-tax profit on its COVID-19 vaccine in the high 20% range and Bourla's company guiding for $78 billion to $80 billion in revenue for 2021 (with more than $33 billion of that coming from the vaccine), there's certainly money to be spent on acquisitions. Each of these forward-looking statements involves risks and uncertainties. While were looking at data, it should be noted that Progenitys earnings per share over the 12 months that ended in June was -$4.28. Partnerships can save lives. Precaution: investigational drug/device combination products. Reply Private New. A continued decline in COVID-19 vaccines and related products caused a 34% revenue decline. This release contains forward-looking information about Pfizers efforts to combat COVID-19, the BNT162 mRNA vaccine program, a collaboration between BioNTech and Pfizer to develop a potential COVID-19 vaccine, an agreement with the United States to manufacture and deliver BNT162 and other potential agreements, including their potential benefits, manufacturing and distribution and the expected timing of clinical trials and regulatory submissions, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Not for sale in the U.S. Progenity to Participate in 11th Annual Partnership Opportunities in Drug Delivery Conference. The results trailed expectations. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In premarket trading, the stock was slipping 2.48% to $3.94. 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. By providing your email address below, you are providing consent to Pfizer to send you the requested Investor Email Alert updates. conducted its initial public offering (IPO), 5 Triple A-Rated Stocks to Buy for October, Progenity Stock Is a Zero-or-Hero Holding for Biotech Bidders, Do Not Sell My Personal Information (CA Residents Only). [1/3]Pfizer company logo is seen at a Pfizer office in Puurs, Belgium, December 2, 2022. Latest patents confirmed it Icing on the cake..Prog is RANKED the #1 Short Squeeze Candidate According to FINTEL & ORTEX . That leaves Aurinia, which I believe to be the safest buy on the list for pharmaceutical investors -- Pfizer included. This informationincluding product informationis intended only for residents of the United States. 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. Written by Pharma Atea Pharmaceuticals (AVIR -0.61%)reported interim phase 2 results at the end of June showing that its lead COVID-19 oral treatment, AT-527, could rapidly reduce the viral load in COVID-19 patients. The products discussed herein may have different labeling in different countries. Progenity continued its downward slide in early 2021, falling below $2 during the sweltering summer. "We very much want to see that time gap [between high and low-income countries] reduced, such that there's no space between the two," said Padmini Srikantiah, lead on the RSV vaccine launch at Gates. 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. To make the world smarter, happier, and richer. AstraZeneca plc AZN announced new data from the AZD7442 COVID-19 PROVENT prevention and TACKLE outpatient treatment Phase 3 trials, both showing robust efficacy from a one-time intramuscular dose of the long-acting antibody combination. 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%. U.S. government placed an initial order of 100 million doses for $1.95 billion and can acquire up to 500 million additional doses Americans to receive the vaccine for free consistent with U.S. government's commitment for free access for COVID-19 vaccines Pfizer and BioNTech remain on track to begin an anticipated Phase 2b/3 safety and efficacy trial later this month, seek regulatory review . 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. A Gates Foundation official said that the investment in the RSV program represented a learning process for the organization and the company on the steps needed for more equitable access. Biopharmaceutical New Technologies is a next generation immunotherapy company pioneering novel therapies for cancer and other serious diseases. The Motley Fool has a disclosure policy. a pill, which increases efficacy and limits side effects, purportedly. On July 22, Pfizer announced a global collaboration with Arvinas, which has a breast cancer treatment in phase 2 trials. Amy Rose 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 trial results and other developing data that become available, revenue contribution, growth, performance, timing of exclusivity and potential benefits; strategic reviews; capital allocation objectives; dividends and share repurchases; plans for and prospects of our acquisitions, dispositions and other business development activities, and our ability to successfully capitalize on these opportunities; manufacturing and product supply; our efforts to respond to COVID-19, including the Pfizer-BioNTech COVID-19 vaccine and our investigational protease inhibitor; and our expectations regarding the impact of COVID-19 on our business that involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Here's a roundup of top developments in the biotech space over the last 24 hours: Roche Holding AG RHHBY unit Spark Therapeutics, announced data from its Phase 1/2 clinical trial of investigational SPK-8011 in hemophilia A showing, at a median efficacy follow-up of 33.4 months, 16 of 18 study participants had sustained factor VIII, which permitted prophylaxis cessation and reduction in bleeding episodes. Progenitys vision is to transform healthcare to become more precise and personal by improving diagnoses of disease and improving patient outcomes through localized treatment with targeted therapies. "I think we're doing better than in years before," she said. REUTERS/Johanna Geron. This informationincluding product informationis intended only for residents of the United States. Click here to access Benzinga's FDA Calendar. Learn about specific ways our research is leading to medicines and vaccines that will benefit patients around the world. PROG stock is a meme stock. Our goal remains to bring a safe and effective COVID-19 vaccine to many people around the world, as quickly as we can, said Ugur Sahin, M.D., CEO and Co-founder of BioNTech. Progenity, Inc. SAN DIEGO, June 10, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. ("Progenity") (Nasdaq: PROG), an innovative biotechnology company, today announced that it has entered into a . Pfizer says it is committed to a faster timeline for rolling out medicines to poor nations but acknowledges that there are challenges in meeting such goals. 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. Whether thats a good thing or not, Ill let you decide. InvestorPlace is one of Americas largest, longest-standing independent financial research firms. The U.S. government also can acquire up to an additional 500 million doses. $38 becomes the price target." 0 Liked By . Chuck Triano Unleashing the next wave of scientific innovations, Research and Business Development Partnerships, https://www.businesswire.com/news/home/20200722005438/en/, Understanding Six Types of Vaccine Technologies. Its peak sales forecast is of more than $2 billion annually together from the maternal vaccine and an RSV shot for older adults. The closing of the offering is expected to occur on or about October 6, 2021, subject to the satisfaction of customary closing conditions. Based on its deep expertise in mRNA vaccine development and in-house manufacturing capabilities, BioNTech and its collaborators are developing multiple mRNA vaccine candidates for a range of infectious diseases alongside its diverse oncology pipeline. Progenity claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements. 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. 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. Does progenity own the patent for Pfizer's paxlovid delivery? - Reddit Progenity Stock Is a Zero-or-Hero Holding for Biotech Bidders Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. We routinely post information that may be important to investors on our website at www.Pfizer.com. 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. For example, PGN-001 (colon-targeted adalimumab) and PGN-600 (colon-targeted tofacitinib) target ulcerative colitis. Look at their patents. Thinking about buying stock in AT&T, Tesla, Pfizer, Progenity, or Energous Corp? InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. The net loss per share also remained flat at 3 cents per share. The gross proceeds to Progenity from this offering are expected to be approximately $20 million, before deducting the placement agent's fees and other offering expenses. Worried About a Recession? But investors might be worried that the change is risky because its likely to significantly reduce the companys revenue. These forward-looking statements are based on Progenitys expectations and assumptions as of the date of this press release. Progenity's Vice President of Strategy and Operations, Chris Wahl, MD, MBA, will participate in the panel titled . The stock was receding 2.35% to $5.81 in after-hours trading. 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. Pfizer has several key areas of interest where we are looking to partner with others. Pfizer assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments. To put it simply, Progenity provides non-invasive prenatal screening tests for women or at least, that was the companys primary revenue source (Ill explain this in a moment). ProQR Therapeutics N.V. PRQR will announce updated data from the Phase 1/2 InSight extension study of Sepofarsen in Leber congenital amaurosis type 10. Looking ahead, Progenity Chief Scientific Officer Matthew Cooper anticipates that the company will pursue "partnership opportunities for commercialization" of the Preecludia test. All statements, other than statements of historical facts, included in this press release are forward-looking statements. The Bottom Line "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. Progenity Reduces Outstanding Debt by $20.175 Million Through a Private The Daily Biotech Pulse: Pfizer Strikes $5.29B COVID Pill - Benzinga SAN DIEGO, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Progenity) (Nasdaq: PROG), an innovative biotechnology company, today announced that it has entered into a definitive agreement with several institutional investors for the purchase and sale, in a registered direct offering priced at-the-market under Nasdaq rules, of 13,333,334 shares of the Company's common stock, at a purchase price of $1.50 per share. Pfizer has a windfall of cash it's looking to deploy. We are honored to be a part of this effort to provide Americans access to protection from this deadly virus., Expanding Operation Warp Speeds diverse portfolio by adding a vaccine from Pfizer and BioNTech increases the odds that we will have a safe, effective vaccine as soon as the end of this year, said HHS Secretary Alex Azar. Progenity Announces $20 Million Registered Direct Offering of Common 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. Pfizer and BioNTech Announce an Agreement with U.S. Government for up Indications are 34% to . from 8 AM - 9 PM ET. david lee garza wife; Locations. Just know that PROG stock is likely to move far and fast, in one direction or the other. 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." 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. Biosimilars Deals 2021 Archives | Pearce IP David Moadel for Looking ahead, Progenity Chief Scientific Officer Matthew Cooper anticipates that the company will pursue partnership opportunities for commercialization of the Preecludia test. 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. Vaccines can give your body way to identify an infecting agent, and instructions on how to defeat itand potentially, avoid infecting others. This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Our Standards: The Thomson Reuters Trust Principles. Pfizer Inc. - Pfizer 2023 Annual Meeting of Shareholders BioNTech is the market authorization holder worldwide and will hold all trademarks for the potential product. You can sign up for additional alert options at any time. She previously worked at the Telegraph newspaper and Channel 4 News in the UK, as well as freelance in Myanmar and the Czech Republic. Let's learn about each other and discover synergies, goals, needs and capabilities. Given this, the behemoth may not be looking for another oncology company right away. Pfizer assumes no obligation to update forward-looking statements contained in the webcast as the result of new information or future events or developments. If I were Albert Bourla, which would I choose? With at least 65,000 potential patients in the U.S., that's a total addressable market of more than $4 billion. "It's a process. 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. r/Progenity_PROG - INTERESTING: News about Pfizer that could impact The company's . Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. SAN DIEGO, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. ("Progenity") (Nasdaq: PROG), an innovative biotechnology company, today announced that it has entered into a definitive agreement . This rating has improved by 6% over the last 12 months. Part of the Health & Pharma team, recent notable pieces include an investigation into healthcare for young transgender people in the UK as well as stories on the rise in measles after COVID hit routine vaccination, as well as efforts to prevent the next pandemic. The OBDS platform is designed to enable delivery of liquid drug, eliminating the need for reformulation, and allows for industry-leading dosing of over 50 mg of proteins and over 5 mg of peptides. Pfizer pledge for more equal access to RSV shot faces hurdles The company also said it has also entered into advance purchase agreements with several other countries and has initiated bilateral outreach to approximately 100 countries around the world. At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. The stock was up 0.73% at $244 in premarket trading. progenity and pfizer partnership - catalystsolutions.global 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. This $5 billion biotech is the first and only company to have two internally discovered and developed medicines that received U.S. Food and Drug Administration (FDA) approval within a decade of its founding. 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. Sorry, you need to enable JavaScript to visit this website. This press release contains forward-looking statements of BioNTech within the meaning of the Private Securities Litigation Reform Act of 1995. First, Progenity announced a $40 million share offering. Any forward-looking statements that Progenity makes in this press release speak only as of the date of this press release. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. They are positioning for a frog leap like no other Progenity Reviews: What Is It Like to Work At Progenity? Supplemental video of manufacturing vaccines. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=T&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=TSLA&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PFE&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PROG&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=WATT&prnumber=102520213. Why Did Pfizer Offload This Potential Mega-Blockbuster Drug? 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. Jasmina Alatovic PROG stock dropped to $9 in July 2020, and closed out the year trading at $5 and change. Thus, the patent for Preecludia represents a major step forward for Progenity. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Progenity Announces Several Patents Granted by USPTO, H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. Progenity has been working on an oral delivery method, i.e. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. 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, develop, plan or the negative of these terms, and similar expressions, or statements regarding intent, belief, or current expectations, are forward looking statements. 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. If Pfizer wants to fill its pipeline with precision-medicine oncology drugs for the next decade, perhaps it will consider Blueprint Medicines (BPMC 1.79%). Investor Relations Progenity is currently conducting preclinical studies to demonstrate the bioavailability of its lead candidates PGN-OB1 (adalimumab) and PGN-OB2 (liraglutide, a GLP-1 agonist).
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