Biotech Upcoming Data & #BiotechCalculator
Today we saw another biotech stock getting a big hit from failed Phase 2 data. Prothena Corporation PLC (PRTA) announced the discontinues development of NEOd001 for AL amyloidosis. Biotech data for this 2Q 2018 has been a fallout, there is more failure than success.
There are five biotech companies that reported either failed Phase 2 or 3 this quarter. How can anyone see this coming? fortunately, based on our unique statistic mathematics formula, we have created the #BiotechCalculator to help investors make a better-educated decision. The #BiotechCalculator predicted all of these companies to have failed data before it came out. Here is the results recap.
- Celldex Therapetuics Inc (CLDX)- stock dropped -64.60% on failed data
- Incyte Corp (INCY)- Stock dropped -22.93%
- Menlo Therapeutics Inc (MNLO)- Stock dropped -76.80%
- Prothena Corporation PLC (PRTA) Stock dropped -68.78%
- vTv Therapeutics Inc (VTVT)- stock dropped -78.08%
We ran all of these companies into the #BiotechCalculator ahead of data release and here is the prove why this is a very useful tool and guide for investors.
You can read more details how we come up with this formula to help investors https://www.tradersfish.com/Biotechnology_formula
Why we created this #BiotechCalculator blog https://www.tradersfish.com/blog/the-biotech-calculator-success
There are more biotech data to be out this 2Q, therefore, we ran into our #BiotechCalculator these five biotech upcoming data:
- Alexion Pharmaceuticals (ALXN)
2. Cara Therapeutics Inc (CARA)
3. CTi Biopharma Corp (CTIC)
4. Strongbridge Biopharma plc (SBBP)
5. Zogenix Inc (ZGNX)
The Biotech Calculator has 83% accuracy predicting data results. For this 2018, the #BiotechCalculator had 21 right results with 3 wrong. Be open-minded when you use this tool guide.
For more upcoming biotech data see our link and let us know if we are missing any upcoming data. https://www.tradersfish.com/Biotechnology_formula/upcomingdata
Disclosure: We do not hold any inside information on any of mentioned above companies. We do not hold any positions. This is NOT an investment advice. The data result herein is pure speculation only. You must do your own due diligence and mitigate your risk. You acknowledge that TradersFish.com will not be held responsible and accountable for any losses you may incur using our Biotech Data Calculator. Please consult your own financial adviser before executing trades.
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