Sep. 12 at 8:58 PM
Attached is a table showing the changes in share price for the week ending today for all 34 commercial-stage oncology focused bios with market caps north of
$100MM. There were 3 healthcare investor conferences this week & Wells Fargo was last week. 2/3's of bios in this peer group were down while the
$XBI was off 1.4%
$AGEN technically joined this peer group this week after France approved AGEN's Bot/Bal combo therapy for emergency use & hence will reimburse at cost. Bot/Bal produced its first complete response ~5 years ago followed by a 2nd CR a few months later. Bot/Bal has been tested in over 1,000 patients & yet is still unavailable for commercial-use in the United States. We have no idea if characterizing AGEN as commercial-stage is appropriate. Genuine feedback/pushback would be appreciated (without bashing mgmt).
$IBRX was the best performing stock in the peer group this week
$NUVB $VSTM both saw meaningful declines after healthy run ups last week.