The information contained in this release is as of July 22, 2020. Crypto. The executives also remain confident that total operating expenses (again before stock-based compensation) will reach less than $25 million in the fourth quarter (chart below), as Progenity completes the cost reduction exercise associated with its lab operation. 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 >. The program has also ensured an adequate safety stock of medicines and has successfully protected supply even as demand surged more than 150 percent during the COVID-19 pandemic. Investor Contact:Chuck PadalaManaging Director, LifeSci Advisorsir@progenity.com(917) 741-7792, Media Contact:Kristin SchaefferCG Lifemedia@progenity.com(858) 457-2436, Progenity, Inc.Condensed Consolidated Statements of Operations(Unaudited)(In thousands, except share and per share amounts), Net loss per share from continuing operations, basic and diluted, Net loss per share from discontinued operations, basic and diluted, Weighted average shares outstanding, basic and diluted, Net loss attributable to common stockholders, Net loss per share from discontinued operations, basic and diluted, Net loss per share attributable to common stockholders, basic and diluted, Progenity, Inc.Condensed Consolidated Balance Sheets(Unaudited)(In thousands), Prepaid expenses and other current assets, Current assets of disposal group held for sale, Long-term assets of disposal group held for sale, Accrued expenses and other current liabilities, Current portion of mortgages payable and capital lease obligations, Current liabilities of disposal group held for sale, Mortgages payable and capital lease obligations, net of current portion, Long-term liabilities of disposal group held for sale, Total liabilities and stockholders deficit, Musks Tesla Master Plan Disappoints With No Detail on New Cars, TREASURIES-Yields notch fresh highs as inflation threat lingers, UPDATE 1-China's job market better than expected in Jan-Feb: minister, Ukraine Latest: EU to Propose Plan to Boost Kyivs Ammo Supplies, US approves selling Taiwan munitions worth $619 million. Comparison of Full Year Ended December 31, 2021 and 2020. 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. Fourth Quarter 2021 Results and Other Recent Corporate Highlights. Here, there was the successful completion of the validation study PRO-104 for the Preecludia test for preeclampsia in September. Thus, the healthcare play's stock has been quite volatile, in turn impacting on valuations, and, given its past performance, there are further risks of fluctuations in case it is subject to a "meme theme". The company generated $7.7 million in revenues during the fourth quarter, out of which $7.2 million came from discontinued operations. WebGameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. This marks the third collaboration for the OBDS, further demonstrating the interest of the industry in the oral delivery of large molecules. Progenity (NASDAQ: PROG) is a biotech firm focused on treatments and testing products for a variety of diseases. When typing in this field, a list of search results will appear and be automatically updated as you type. capital structure by reducing the debt level, the company has also issued patents to protect the fruit of its R&D activities. Do Not Sell My Personal Information (CA Residents Only). View the full release here: https://www.businesswire.com/news/home/20200722005438/en/. Sep 2011 - Apr 20153 years 8 months. 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 When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Mikael Dolsten, Pfizers chief scientific officer, said the company is making significant investments to harness the power of the mRNA-LNP technology and deliver potential new breakthrough vaccines and therapeutics that address significant unmet needs for patients.. These five medications are critical for patient care and in some cases are necessary as part of COVID-19 treatments. Americans will receive the vaccine for free consistent with U.S. governments commitment for free access for COVID-19 vaccines. Progenitys Vice President of Strategy and Operations, Accelerated Company Transformation Toward Oral Delivery of Biotherapeutics and Targeted Therapeutics Programs, Progressed Companys Targeted Therapeutics Clinical Programs with Initiation of Clinical Device Performance Study in Patients with Ulcerative Colitis, Management will host conference call and webcast today at 4:30 p.m. Eastern / 1:30 p.m. Pacific. Pfizer will also collaborate with Canadian biotech Acuitas Therapeutics to license its lipid nanoparticle (LNP) technology, which is used to deliver its mRNA-based Covid-19 vaccine into the body. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. It trades at about $3.40 today. Therefore, if you keep your position size small and can handle the volatility, a stake in Progenity could be your next big winner. At that time, the company sold 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. Net loss was reported at $43 million, largely due to operating expenses. Safe Harbor Statement or Forward-Looking Statements. There are signs of a possible comeback in the works, however. Strengthened the management team and Board of Directors with the appointment of Adi Mohanty as CEO and member of the Board of Directors, and the appointment of Jill Howe as a member of the Board of Directors and chair of the Audit Committee. From Wall Street analysts, PROG earns a Moderate Buy analyst consensus, based on 1 Buy rating, 1 Hold rating, and 0 Sell ratings in the past 3 months. Read More: Penny Stocks How to Profit Without Getting Scammed. If you have an ad-blocker enabled you may be blocked from proceeding. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Additionally, the average PROG price target of $3.00 puts the upside potential at 34.5%. Shares of Progenity (PROG +40.0%) have soared today after the company apparently secured a patent related to a device in the Progenity ( PROG -0.85%), a biotech company and a meme stock favorite, saw its shares decline more than 11% on Wednesday. The BNT162 vaccine candidates are undergoing clinical studies and are not currently approved for distribution anywhere in the world. 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. Unfortunately, PROG stock has been on a general downward trend since the IPO. Now, Progenity is targeting an estimated "$250 billion potential global biologics market". Pornpak Khunatorn/iStock via Getty Images. Thinking about buying stock in Nio, NVIDIA, Ambrx Biopharma, Carvana, or Paramount? I have no business relationship with any company whose stock is mentioned in this article. This Startup Might Finally Cure Sickle Cell DiseaseAfter A Century Of Racist Neglect (Forbes), This Gene Editing Startup Raised $315 Million For A Next Generation Crispr Tool To Cure Rare Diseases (Forbes), Full coverage and live updates on the Coronavirus, This is a BETA experience. Pursuing further, Progenity's two lead candidates, PGN-OB1, a variant of adalimumab which is a mAb, and PGN-OB2, have progressed with device and manufacturing improvements in animal models. Now, given that the stock had shot up by 16.5% in September when a patent had been issued for assessing preeclampsia, any positive update may constitute a catalyst for the stock to rise. For instance, fentanyl is often used to provide pain relief to patients receiving mechanical ventilation in their treatment for COVID-19, causing demand for this drug to spike 7.5X during peak periods. Please disable your ad-blocker and refresh. 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. No serious adverse events were reported. (Photo credit: Getty Images). (Note: You may have to copy this link into your browser then press the [ENTER] key.). As an informed investor, you dont have to try to second-guess what social media traders might or might not do. First, the potential for Progenity's DDS has been recognized by the Crohn's and Colitis Foundation as they continue to provide funding, but this is far from covering research costs. Media Relations Please visit Premiers news and investor sites on www.premierinc.com; as well as Twitter, Facebook, LinkedIn, YouTube, Instagram and Premiers blog for more information about the company. Net loss from discontinued operations was $68.9 million for the year ended December 31, 2021 and net loss per share for discontinued operations was $0.72, compared to net loss from discontinued operations of $87.4 million and net loss per share for discontinued operations of $3.18 for the year ended December 31, 2020. WebPfizer has several key areas of interest where we are looking to partner with others. For example, PGN-001 (colon-targeted adalimumab) and PGN-600 (colon-targeted tofacitinib) target ulcerative colitis. Copy and paste multiple symbols separated by spaces. David Moadel for Thus, it also stands out to benefit through licensing of its technology in the same way as TFFP with its high P/S ratio. 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 This powerful public-private partnership will focus and expedite R&D activities required to combat COVID-19, says Maria C. Freire, Ph.D., President and It has indicated that a non-profit dose costs just $6.75, or 4.98, to produce, For more information, please visit www.BioNTech.de. Additional disclosure: This is an investment thesis and is intended for informational purposes. At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. When financial asset traders talk about Progenity(NASDAQ:PROG) stock, oftentimes theyre not discussing the companys merits and challenges. In March, the artificial intelligence startup Iktos announced it would be collaborating with Pfizer to discover the small molecules that are When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. SAN DIEGO, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Progenity) (Nasdaq: PROG), an innovative biotechnology company, today announced that it has 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. Investor Relations (Photo credit: Getty Images). I wrote this article myself, and it expresses my own opinions. Historically, PROG stock has been a At this point, I should reveal a figure which some investors might find to be problematic. Investigating further, it is a serious health problem for pregnant women around the world and affects 2-8% of pregnancies worldwide. 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. 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. Progenity's ingestible capsules have attracted the attention of Ionis Pharmaceuticals (IONS), with its novel antisense therapies designed to target mRNA in a highly specific manner. March 1, 2023. Net loss was $92.9 million for the three months ended December 31, 2021 and net loss per share was $0.56, compared to net loss of $43.7 million and net loss per share of $0.46 for the three months ended September 30, 2021. Progenity expressly disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as believes, belief, expects, estimates, intends, anticipates or plans to be uncertain and forward-looking. +49 (0)6131 9084 1513 or +49 (0)151 1978 1385[emailprotected] Initiated a follow-on clinical device performance study evaluating the performance of the DDS device in patients with active ulcerative colitis. This includes more than 170 issued patents and pending applications, directed toward 17 inflammatory bowel disease targets. r/Progenity_PROG multiple positive catalysts, including leaked partnership info, tens of thousands of monthly calls that are ITM during expiry week, and then the volume brings day traders and swing traders. 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) * 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. Risks and uncertainties include, among other things, the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as the possibility of unfavorable new preclinical or clinical trial data and further analyses of existing preclinical or clinical trial data; risks associated with preliminary data; the risk that clinical trial data are subject to differing interpretations and assessments, including during the peer review/publication process, in the scientific community generally, and by regulatory authorities; whether and when data from the BNT162 mRNA vaccine program will be published in scientific journal publications and, if so, when and with what modifications; whether regulatory authorities will be satisfied with the design of and results from these and future preclinical and clinical studies; whether and when any biologics license applications may be filed in any jurisdictions for any potential vaccine candidates under the collaboration; whether and when any such applications may be approved by regulatory authorities, which will depend on myriad factors, including making a determination as to whether the products benefits outweigh its known risks and determination of the products efficacy and, if approved, whether any such vaccine candidates will be commercially successful; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could affect the availability or commercial potential of any such vaccine candidates, including development of products or therapies by other companies; manufacturing capabilities or capacity, including whether the estimated numbers of doses can be manufactured within the projected time periods indicated; whether and when a future production agreement with the United States will be reached; whether and when other supply agreements will be reached; uncertainties regarding the ability to obtain recommendations from vaccine technical committees and other public health authorities regarding any such vaccine candidates and uncertainties regarding the commercial impact of any such recommendations; and competitive developments. ET PROG earnings call for the period ending December 31, 2020. In the same way, Progenity has entered into additional partnerships with two large pharmaceutical plays to evaluate their therapeutic with the OBDS. Now, since medical research is synonymous with high expenses, I assess the way the cash is to be spent. 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. October might turn out to be a good month as the Progenity share price appears to be heading towards $4. For more information, visit www.progenity.com or follow the company on LinkedIn or Twitter. Progenity continued its downward slide in early 2021, falling below $2 during the sweltering summer. from 8 AM - 9 PM ET. Our partnership with Pfizer will help ensure a sustainable supply of five drugs that are essential not just during the pandemic, but also for routine and elective care longer term.. This marks the 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. Pfizer works with a range of PR firms. These are concrete moves, which, in a way, show that "transformation talks" are starting to deliver concrete results, at least for the financial part. Now, preeclampsia is a common disease associated with pregnancy where the patient suffers from high blood pressure and protein build-up in the urine. 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