SAN DIEGO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, announced today that the company will from 8 AM - 9 PM ET. Please disable your ad-blocker and refresh. 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. NRx Partners With Mannkind to Develop Raised $20 million through a registered direct offering and reduced its non-affiliated debt by 38% through an exchange offer of $20.2 million of convertible notes. TipRanks->. 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. Americans will receive the vaccine for free consistent with U.S. governments commitment for free access for COVID-19 vaccines. 28 Feb 2023 10:51:55 This agreement is one of many steps towards providing global access to a safe and efficacious vaccines for COVID-19. Its broad portfolio of oncology product candidates includes individualized and off-the-shelf mRNA-based therapies, innovative chimeric antigen receptor T cells, bi-specific checkpoint immuno-modulators, targeted cancer antibodies and small molecules. 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.. Investor Relations Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Progenity also designed the first blood test designed to assess risk involved in preeclampsia, with a validation study manuscript submitted, and was awarded a patent for one of the key assays. Premier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date. For example, PGN-001 (colon-targeted adalimumab) and PGN-600 (colon-targeted tofacitinib) target ulcerative colitis. Accordingly, readers should not place undue reliance on any forward-looking statements. Our focus at Pfizer on delivering a consistent supply of injectable medicines took on even greater importance as patient need increased throughout the pandemic, said Angela Lukin, Global President, Pfizer Hospital. 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. We are pleased to have signed this important agreement with the U.S. government to supply the initial 100 million doses upon approval as part of our commitment to address the global health threat. The Pfizer agreement comes less than a week after Tempus announced a partnership with Actuate Therapeutics to discover biomarkers of response to a cancer drug. conducted its initial public offering (IPO), 7 Retirement Stocks to Scoop Up if the Asset Bubble Bursts, Progenity Stock May Not Be a Great Short-Squeeze Play, But It Has Potential, Do Not Sell My Personal Information (CA Residents Only), An ingestible device for delivery of a therapeutic agent to the gastrointestinal tract, Treatment of inflammatory conditions of the gastrointestinal tract with a Janus kinase (JAK) inhibitor, Treatments of GI tract diseases with a SMAD7 inhibitor and, separately, with a chemokine/chemokine receptor inhibitor. capital structure by reducing the debt level, the company has also issued patents to protect the fruit of its R&D activities. The borrow fee is 74.6% on shares. The latest Tweets from progenity (@progenity): "Are you attending the Belgian Week of Gastroenterology #bwge? Guided by health systems with more than 1,600 hospitals across the nation, Premiers ProvideGx program creates long-term committed buying contracts that provide participating manufacturers with the surety needed to increase production or move into new markets. Spurred on by the wild successes of Pfizer, BioNTech and Moderna, the first to successfully use mRNA after decades of research, other vaccine makers are also injecting money into the field, including European heavyweights like Sanofi and GSK. 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 $75.5 million and net loss per share of $1.53 for the three months ended December 31, 2020. Progenity (NASDAQ: PROG) is a biotech firm focused on treatments and testing products for a variety of diseases. Both of these have multiple studies ongoing, having reached the preclinical stage in the third quarter of 2021. Without going into details, during the first quarter, the company completed its first study with an autonomous DDS prototype and successfully evaluated the capsule's safety, targeting, and tolerability in the GI tract for 12 normal healthy volunteers. The financial terms of Premiers agreement with Pfizer are not being disclosed. Safe Harbor Statement or Forward-Looking Statements. Net loss was reported at $43 million, largely due to operating expenses. TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. 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. Pfizer is investing heavily in the technology that enabled it, and its German partner BioNTech, to bring the first Covid-19 vaccine to market. This includes more than 170 issued patents and pending applications, directed toward 17 inflammatory bowel disease targets. The market reacted adversely to both news and the stock reached a low of around $1-1.5. The company generated $60.6 million in revenues during the year ended December 31, 2021, of which $59.4 million were generated from discontinued operations. 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Pfizer: Media Relations Amy Rose +1 (212) 733-7410 [email protected] Investor Relations Chuck Triano +1 (212) 733-3901 [email protected] As well see, there are issues with both the company and the stock, which might dissuade some prospective investors. SELLAS Life Sciences Group Stock Down 53.7 %. What happened. +1 (212) 733-7410[emailprotected] Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. As a result, investors should keep in mind that this is a very high-risk speculative opportunity before adding any shares. The expectation is for generating additional data in the coming months, initially using known drugs with established safety and efficacy profiles. For this purpose, I regularly contribute peer reviews and opinions for enterprise tech and help needy families by providing sponsored work.As for Research, I started with Tech stocks before going Multi-Tech with Fintechs, Biotechs, and Cryptotechs.I have been investing for the last 25 years, initially in mutual funds where the "learned economists" would always advise you to "think long term". 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. (Note: You may have to copy this link into your browser then press the [ENTER] key.). In this respect, the third quarter's financials were pivotal to the transformation strategy as it translated into a reduction in operational expenses as planned. Premier Inc. (NASDAQ: PINC) is a leading healthcare improvement company, uniting an alliance of more than 4,100 U.S. hospitals and health systems and approximately 200,000 other providers and organizations to transform healthcare. For this purpose, the company established a partnership with Augmenta Bioworks with the treatment aimed at patients with COVID-19. If the ongoing studies are successful, Pfizer and BioNTech expect to be ready to seek Emergency Use Authorization or some form of regulatory approval as early as October 2020. Forward-Looking Statements Vaccines can give your body way to identify an infecting agent, and instructions on how to defeat itand potentially, avoid infecting others. "The Pfizer patent application approved, August 31st, 2021, is the very first patent that shows up in a list of over 18,500 for the purpose of remote contact tracing of For the third quarter 2021, Progenity reported revenues of $182,000, showing significant improvement since the same period last year, when revenues stood at Progenity, Inc. is a biotechnology company innovating in the fields of gastrointestinal health and oral biotherapeutics and is developing a suite of investigational ingestible devices designed to provide precise drug delivery solutions and diagnostic sampling. March 1, 2023. +49 (0)6131 9084 1513 or +49 (0)151 1978 1385[emailprotected] Pfizer announced a series of deals shoring up its mRNA offerings. 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. 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. Completed the sale of its Avero affiliate and ended the year with an improved liquidity position heading into 2022. 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. Just to recap, Progenity conducted its initial public offering (IPO) on June 22, 2020. The company traded as low as $0.14 and last traded at $0.15. 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. Pfizer will pay Beam $300 million to develop treatments for rare genetic diseases of the liver, muscle and central nervous system as part of the four-year deal, 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. 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. I am neutral on Progenity (PROG), as its strong growth potential, general support from Wall Street analysts, and high upside potential relative to its consensus price target are offset by its current steep losses and highly speculative outlook. Pfizer has made significant investments in its injectables manufacturing network to support increased capacity and order fulfillment rates. WebNews Progenity Inc.PROG. However, Progenity is operating in a high-need clinical area with a large addressable market. 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. The information contained in this release is as of July 22, 2020. ATS Farma Zoekopdracht uitbreiden. Investors are kindly requested to do additional research before investing. 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. Therefore, if you keep your position size small and can handle the volatility, a stake in Progenity could be your next big winner. David Moadel has provided compelling content and crossed the occasional line on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga, and (of course) InvestorPlace.com. 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. Progenity, Inc. SAN DIEGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, today announced that the Type a symbol or company name. 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. However, despite losses, the company is moving forward with operations. First, looking at TFFP, the global market for inhalable drugs is predicted to be worth around $40 billion by 2028. Progenitys clinical pipeline could offer superior alternatives. Source: Company presentation on Seeking Alpha. This designation was granted based on preliminary data from Phase 1/2 studies that are currently ongoing in the United States and Germany as well as animal immunogenicity studies. Pfizer has paid Beam $300m upfront and the deal could be worth >$1.3bn if all milestones across three programs are met. The currently available diagnostic modalities for GI problems, such as endoscopy, surgery and biopsy, are typically invasive. Create your Watchlist to save your favorite quotes on Nasdaq.com. Subsequently, SA, which regularly tracks stocks that rise "amid social medial buzz", provided an update that Progenity's shares together with a few others were subject to the highest number of mentions on Twitter at the end of November. The live call may be accessed by dialing 877-423-9813 for domestic callers and 201-689-8573 for international callers and entering the conference code: 13727360. 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. Greater San Diego Area. BioNTech is the market authorization holder worldwide and will hold all trademarks for the potential product. 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 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. There are signs of a possible comeback in the works, however. 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. We routinely post information that may be important to investors on our website at www.Pfizer.com. Most women will give birth to a healthy baby and recover quickly, but, if left untreated, this disease causes serious complications. 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. Progenity is making great strides in its transformation into a biotherapeutics company. On top of that, the company trades for 40 times forward sales, which seems like a very lofty multiple. Such risks, uncertainties, and other factors include, among others, our ability to innovate in the field of precision medicine, our ability to obtain and maintain regulatory approval or clearance of our products on expected timelines or at all, our plans to research, develop, and commercialize new products, the unpredictable relationship between preclinical study results and clinical study results, our expectations regarding future test volumes and revenues, our ability to raise sufficient capital to achieve our business objectives, the ongoing COVID-19 pandemic, 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, 2021 to be filed with the SEC and other subsequent documents, including Quarterly Reports, that we file with the SEC. 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 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. Stocks rallied on Monday after pharmaceutical giant Pfizer announced positive results from phase three trials of its Covid-19 vaccine developed in partnership There were no safety issues and the plan is to conduct a similar study in UC (ulcerative colitis) patients in the first half of 2022. As part of the deal, the financial details of which were not disclosed, Pfizer has the option of licensing the technology for up to ten vaccines or therapies. Amy Rose Progenitys Vice President of Strategy and Operations, On July 20th, the companies announced early positive update from German Phase 1/2 COVID-19 vaccine study, including first T Cell response data. Shares climbed from $0.66 to Progenity continued its downward slide in early 2021, falling below $2 during the sweltering summer. Now, preeclampsia is a common disease associated with pregnancy where the patient suffers from high blood pressure and protein build-up in the urine. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. Progenity is transitioning away from molecular testing operations to focus on the development of biotherapeutics. It has indicated that a non-profit dose costs just $6.75, or 4.98, to produce, I took an interest in this healthcare play as it was able to strengthen its liquidity position through a financing exercise involving $44 million in warrants. Vertigo3d/E+ via Getty Images. InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. We are particularly keen to see the progress of our targeted therapeutics program in UC where there is a significant unmet need and growing recognition of the potential of our therapeutic solution as a significant step forward by key opinion leaders. These are concrete moves, which, in a way, show that "transformation talks" are starting to deliver concrete results, at least for the financial part. Operating expenses were $119.1 million for the year ended December 31, 2021, compared to $107.8 million for the year ended December 31, 2020. The financial details of the deal with Codex, which include an upfront payment along with success-based milestone payments, were not disclosed. When we combine an unmet need with a huge market, this adds up to a considerable revenue-generation opportunity for Progenity. Progenity, Inc. Market Cap $30M Today's Change (-1.83%) -$0.06 Current Price $3.22 Price as of February 17, 2023, 4:00 p.m. This marks the third collaboration for the OBDS, further demonstrating the interest of the industry in the oral delivery of large molecules. 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. 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. 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