CytoDyn Inc. (CYDY) Stock Price Today, Quote & News
CytoDyn is a biotech which has been effective hard but unsuccessfully to produce an one-time therapy, variously named Pro 140, leronlimab, along with Vyrologix.
In development of this treatment, CytoDyn has cast its net wide and far both geographically and in terminology of prospective indications.
CytoDyn’s inventories of leronlimab are building up, whether they’ll ever be used is an open question.
While CYDY has been dawdling, market opportunities for leronlimab as being a combination treatment in the curing of multi-drug-resistant HIV happen to be closing.
I’m writing my fifteenth CytoDyn (OTCQB:CYDY) report on FintechZoom to celebrate the sale of my past several shares. My 1st CytoDyn post, “CytoDyn: What to be able to Do When It is Too Good To Be True?”, set away what follows prediction:
Instead I expect it to turn into a serial disappointer. CEO Pourhassan offered such a highly promotional image in the Uptick Newswire job interview which I came away with a poor viewpoint of the company.
Irony of irony, my poor viewpoint of the company has grown steadily, although the disappointment has not been financial. Two many years ago CytoDyn was trading <$1.00. On 2/19/20 as I create, it trades during $5.26; the closing transaction of mine was on 2/11/21 > $6.00.
What manner of stock is this that delivers a > 6 bagger at the moment still disappoints? Therein lies the story; allow me to explain.
CytoDyn acquired its much storied treatment (which I shall relate to as leronlimab) returned during 2012, announced as follows:
CytoDyn Inc…. has finished the acquisition of Pro 140, an experimental humanized monoclonal antibody (MAB) looking for the CCR5 receptor of the therapy as well as avoidance of HIV, coming from Progenics Pharmaceuticals, Inc. of Tarrytown, NY. Pro 140 is a late Stage II clinical growth mAb with demonstrated anti-viral activity of HIV- infected subjects. Today’s transaction of $3.5 zillion transfers ownership of this technology and also linked intellectual property coming from Progenics to CytoDyn, and approximately 25 million mg of majority drug substance…. milestone payments after commencement of a level III clinical trial ($1.5 huge number of) along with the first brand new drug application endorsement ($five million), as well as royalty payments of 5 percent of net sales after commercialization.
Since that moment, CytoDyn’s leading nous, Nader Pourhassan [NP] has turned this inauspicious acquisition right into a springboard for CytoDyn to purchase a sector cap > $3.5 billion. It’s done so in exclusive reliance on leronlimab.
Rather than having a pipeline with numerous therapies and numerous indications, it has this individual treatments and a “broad pipeline of indications” since it places it. I call certain pipelines, “pipedots.” In CytoDyn’s case it touts its leronlimab as a likely advantageous therapy in dozens of indications.
The opening banner of its on the site of its (below) shows an active company with diverse interests albeit centered on leronlimab, several illness types, multiple presentations and multiple publications.
Could all this be smoke cigarettes and mirrors? That is a question I’ve been asking myself from the really start of the interest of mine in this company. Judging with the multiples of thousands of various responses on listings accessible via Seeking Alpha’s CytoDyn Summary webpage, I am much from alone in this particular question.
CytoDyn is a classic battleground, or maybe some could say cult stock. Its adherents are fiercely shielding of its prospects, quick to label some bad opinions as scurrilous short mongering.
CytoDyn Inc. (CYDY) Stock Price Today, Quote & News