Media Relations Pearce IP is ranked in IAM Patent 1000 and Managing IP (MIP) IP Stars, in Australasian Lawyer 5 Star Awards as a '5 Star' firm, and the Legal 500 APAC Guide for Intellectual Property . SAN DIEGO, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. ("Progenity") (Nasdaq: PROG), an innovative biotechnology company, today announced that it has entered into a definitive agreement . a pill, which increases efficacy and limits side effects, purportedly. Recently, two of the companies four investigational vaccine candidates (BNT162b1 and BNT162b2) received Fast Track designation from the U.S. Food and Drug Administration (FDA). CureVac N.V. CVAC announced the online publication in the journal Nature, extended preclinical study of the second-generation vaccine candidate, CV2CoV, jointly developed with GlaxoSmithKine plc GSK, showing results from a direct comparison of CV2CoV with Comirnaty, the licensed mRNA vaccine developed by Pfizer, Inc. PFE/BioNTech SE BNTX. At Pfizer, we promise to treat your data with respect and will not share your information with any third party. Each of these forward-looking statements involves risks and uncertainties. On July 22, Pfizer announced a global collaboration with Arvinas, which has a breast cancer treatment in phase 2 trials. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=T&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=TSLA&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PFE&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PROG&prnumber=102520213, https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=WATT&prnumber=102520213. In some cases, you can identify these statements by forward-looking words such as expect, may, will, or the negative or plural of these words or similar expressions (as well as other words or expressions referencing future events, conditions or circumstances). Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Sylke Maas, Ph.D. BioNTech is the market authorization holder worldwide and will hold all trademarks for the potential product. If you enjoy betting on volatile biotech names, then check out Progenity(NASDAQ:PROG). . Additional information concerning these and other risks can be found in Progenitys periodic filings with the SEC, including under the heading Risk Factors contained therein. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Progenity has also entered agreements with two leading pharmaceutical companies to evaluate delivery of their proprietary drugs via the OBDS platform. In addition, to learn more, please visit us on www.Pfizer.com and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Facebook.com/Pfizer. A shelf registration statement relating to the offered shares of common stock was filed with the Securities and Exchange Commission (SEC) on July 30, 2021 and was declared effective on August 6, 2021. The Motley Fool owns shares of and recommends Atea Pharmaceuticals, Inc. Pfizer's maternal RSV vaccine is expected to be approved for use in pregnant women in August in the United States and several months later in Europe, and the company plans to launch the product in both markets in the fall. Progenity intends to use the net proceeds from this offering to support its operations, invest in research and development with respect to its diagnostic technologies and precision medicine platform, and for working capital and general corporate purposes. Or PROG stock could go to zero. Depending on success in clinical trials, todays agreement will enable the delivery of approximately 100 million doses of this vaccine to the American people.. +49 (0)6131 9084 1513 or +49 (0)151 1978 1385[emailprotected] This press release contains forward-looking statements of BioNTech within the meaning of the Private Securities Litigation Reform Act of 1995. These risks and uncertainties include, without limitation, risks and uncertainties related to market and other conditions and the satisfaction of customary closing conditions related to the registered direct offering. Reply/Post Public Reply Private Reply New Post. A Gates Foundation official said that the investment in the RSV program represented a learning process for the organization and the company on the steps needed for more equitable access. InvestorPlace->, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Today, more people are surviving cancer than ever before, thanks to advances in diagnosis and treatment. Pfizer To Supply 10M Courses Of Oral COVID Pill To US For About $5.29B . Not long ago, InvestorPlace contributor Chris MacDonald reported that the short interest in PROG stock had spiked in recent weeks. Thats true: the short interest in Progenity shares literally doubled from the end of August to mid-September. Progenity's Drug Delivery System delivers 25 times more [togacitinib] in the colon. Part of the Health & Pharma team, recent notable pieces include an investigation into healthcare for young transgender people in the UK as well as stories on the rise in measles after COVID hit routine vaccination, as well as efforts to prevent the next pandemic. Progenitys vision is to transform healthcare to become more precise and personal by improving diagnoses of disease and improving patient outcomes through localized treatment with targeted therapies. View source version on businesswire.com: https://www.businesswire.com/news/home/20200722005438/en/, Pfizer: Progenity, Inc. PROG said in . NEW YORK, Oct. 25, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for T, TSLA, PFE, PROG . To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. On July 22, Pfizer announced a global collaboration with Arvinas, which has a breast cancer treatment in phase 2 trials. Could Reddit traders come to the rescue? REUTERS/Johanna Geron. But Progenity may have a new, robust revenue stream soon, as the company was just granted an important patent by the United States Patent and Trademark Office. The company's . ", (This story has been corrected to change the approval date in the US to August, not May, in paragraph 4). Progenity is currently conducting preclinical studies to demonstrate the bioavailability of its lead candidates PGN-OB1 (adalimumab) and PGN-OB2 (liraglutide, a GLP-1 agonist). As you can see, Progenity is a small biotechnology company thats in a state of transition. About the Oral Biotherapeutic Delivery System (OBDS) Progenitys Oral Biotherapeutic Delivery System (OBDS) is an ingestible capsule designed for needle-free, oral delivery of large molecules, including monoclonal antibodies, peptides, and nucleic acids. (Note: You may have to copy this link into your browser then press the [ENTER] key.). Progenity, Inc. is offering 6,666,667 shares. . "It's a process. Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, These 2 Banks Are Pulling the Nasdaq Down, Social Security Cuts May Be Coming. Reply Private New. About ProgenityProgenity, Inc. is a biotechnology company innovating in the fields of womens health, gastrointestinal health and oral biotherapeutics. Our tests have achieved market-leading reliability and performance benchmarks within their . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. When Aurinia Pharmaceuticals' (AUPH -2.22%) Lupkynis was approved in January, it became the first oral therapy approved for lupus nephritis that doesn't require monitoring of drug levels. She still expects it to be several years before the RSV vaccine is launched in lower-income countries. She previously worked at the Telegraph newspaper and Channel 4 News in the UK, as well as freelance in Myanmar and the Czech Republic. At that time, the company sold approximately 6.6 million shares for $15 apiece. The case highlights how equitable global access will require better advance planning by drugmakers, governments and health organizations, health officials say. And as well see, the stock has been in a long, persistent downtrend. Progenity's clinical pipeline could offer superior alternatives. 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. The updated analysis of all 18 study participantsdemonstrated a 91.5% reduction in annualized bleed rate and a 96.4% reduction in annualized number of FVIII infusions. That move will apparently reduce Progenitys operating expenditures by around 70%. This patent covers Progenitys dissociated placental growth factor (PlGF) test, known as Preecludia. These forward-looking statements may include, but may not be limited to, statements concerning: BioNTechs efforts to combat COVID-19; the timing to initiate clinical trials of BNT162 and anticipated publication of data from these clinical trials; the timing for any potential emergency use authorizations or approvals; the potential to enter into additional supply agreements with other jurisdictions or the COVAX Facility; the potential safety and efficacy of BNT162; the collaboration between BioNTech and Pfizer to develop a potential COVID-19 vaccine; and the ability of BioNTech to supply the quantities of BNT162 to support clinical development and, if approved, market demand, including our production estimates for 2020 and 2021. The Company exploits a wide array of computational discovery and therapeutic drug platforms for the rapid development of novel biopharmaceuticals. Pfizer made a commitment on more equitable access last year, following criticism that it prioritized wealthy nations for doses of its COVID-19 shot early in the pandemic. The stock was up 0.73% at $244 in premarket trading. Jen reports on health issues affecting people around the world, from malaria to malnutrition. Progenity expressly disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise, except as required by law. Forward Looking StatementsThis press release contains forward-looking statements, which statements are subject to substantial risks and uncertainties and are based on estimates and assumptions. Now, a new treatment technology being developed oncolytic virus therapy may lend hope for patients battling locally advanced or metastatic solid tumors. +1 (212) 733-7410[emailprotected] In addition, the company has entered an agreement with Ionis Pharmaceuticals to evaluate the OBDS for delivery of antisense oligonucleotides. Unleashing the next wave of scientific innovations, Research and Business Development Partnerships. Except as required by law, Progenity assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release. The U.S. government will pay the companies $1.95 billion upon the receipt of the first 100 million doses, following FDA authorization or approval. They are positioning for a frog leap like no other Written by Pfizer engages in flexible partnership models that includes research collaborations, venture capital investments, academic alliances for drug development, early stage seed funding, establishing incubators, licensing, and spinning out of companies. 2 Resilient Stocks to Buy Now, 2 Fairly Safe Stocks You'll Regret Not Buying on the Dip. The U.S. government also can acquire up to an additional 500 million doses. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Pfizer announced a global collaboration with Arvinas, Copyright, Trademark and Patent Information. With COVID-19 cases rising worldwide, there's a pressing need for an efficacious oral therapy that can be administered not only to hospitalized patients but also to those well enough to be given a prescription as outpatients. Anyone who bought that dip probably soon regretted the decision. Right now PROG stock is the entrenched domicile of Reddit's apes staging a late in-the-game coup against the outfit's bear population. This makes the technology broadly applicable for large molecule candidates. It has an approved drug with a blockbuster addressable market, and that drug may have optionality for other autoimmune conditions as well (though it's not actively being studied in other diseases at the moment). Weve been committed to making the impossible possible by working tirelessly to develop and produce in record time a safe and effective vaccine to help bring an end to this global health crisis, said Dr. Albert Bourla, Pfizer Chairman and CEO. PROG stock is a meme stock. Wednesday before the market open, the company reported better-than-expected third-quarter results. Create your Watchlist to save your favorite quotes on Nasdaq.com. The other main concern is that Progenity announced last week that it was shifting its focus from prenatal testing kits to the companys biotech pipeline. After all, the Reddit crowd might punish anyone who dares to do that. Speaking back in May on his company's Q1 2021 earnings call, Pfizer (PFE 0.82%) CEO Albert Bourla stated, "You should expect to see a lot of business development deals that will allow us to bring in-house a lot of potential medicines that could become [approved treatments] in the second part of the decade." Given this, the behemoth may not be looking for another oncology company right away. After its raging success with BioNTech on their coronavirus vaccine, Pfizer may be willing to double down on partnerships in the COVID-19 space -- especially with Bourla's company raising its 2021 sales forecast of its partnered COVID-19 vaccine to $33.5 billion for the year. Pretty much immediately, the early investors were in the red. Investor Contact:Robert UhlManaging Director, Westwicke ICRir@progenity.com (619) 228-5886, Media Contact:Kate Blom-LoweryCG Lifemedia@progenity.com (619) 743-6294. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. Progenity is going to require many years and tons of capital to get any of its proposed drugs to market. The company also said it has also entered into advance purchase agreements with several other countries and has initiated bilateral outreach to approximately 100 countries around the world. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Pfizer says it is committed to a faster timeline for rolling out medicines to poor nations but acknowledges that there are challenges in meeting such goals. Additionally, an exploratory analysis of the TACKLE outpatient treatment trialin patients with mild-to-moderate COVID-19showed that one 600mg IM dose of AZD7442 reduced the risk of developing severe COVID-19 or death by 88% compared to placebo in patients who had been symptomatic for three days or less at the time of treatment. from 8 AM - 9 PM ET. In premarket trading, the stock was slipping 2.48% to $3.94. Progenity, Inc. is a biotechnology company innovating in the fields of womens health, gastrointestinal health and oral biotherapeutics. The net loss per share also remained flat at 3 cents per share. Copy and paste multiple symbols separated by spaces. But if it happens, PROG stock could rally powerfully. With Atea valued at just $2.1 billion yet having megablockbuster potential, there's a lot of upside for Pfizer. The CDx test is based on Burning Rock's self-developed next generation sequencing-based liquid biopsy solution, the OncoCompass Target panel. NEW YORK, Oct. 25, 2021 /PRNewswire/ --InvestorsObserverissues critical PriceWatch Alerts for T, TSLA, PFE, PROG, and WATT. Making the world smarter, happier, and richer. Research and Business Development Partnerships. SAN DIEGO, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Progenity) (Nasdaq: PROG), an innovative biotechnology company, today announced that it has entered into a definitive agreement with several institutional investors for the purchase and sale, in a registered direct offering priced at-the-market under Nasdaq rules, of 13,333,334 shares of the Company's common stock, at a purchase price of $1.50 per share. This informationincluding product informationis intended only for residents of the United States. As part of its GI-targeted therapeutics program, Progenity is preparing to initiate early clinical studies of its PGN-600 program for targeted delivery of a proprietary formulation of tofacitinib . We engage in partnerships with innovators to push forward great science and continually seek new partners that are actively researching bold scientific ideas, capabilities and technologies that have the potential to bring innovative treatments to patients in need. For example, PGN-001 (colon-targeted adalimumab) and PGN-600 (colon-targeted tofacitinib) target ulcerative colitis. In some cases, you can identify forward-looking statements by terms such as may, might, will, objective, intend, should, could, can, would, expect, believe, design, estimate, predict, potential, develop, plan or the negative of these terms, and similar expressions, or statements regarding intent, belief, or current expectations, are forward looking statements. BioNTech has established a broad set of relationships with multiple global pharmaceutical collaborators, including Genmab, Sanofi, Bayer Animal Health, Genentech, a member of the Roche Group, Genevant, Fosun Pharma, and Pfizer. The Bottom Line By providing your email address below, you are providing consent to Pfizer to send you the requested Investor Email Alert updates. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. +1 (212) 733-3901[emailprotected] BioNTech: Catch it at the right time, and you could quickly double your capital. Learn about specific ways our research is leading to medicines and vaccines that will benefit patients around the world. This $5 billion biotech is the first and only company to have two internally discovered and developed medicines that received U.S. Food and Drug Administration (FDA) approval within a decade of its founding. " Press release hints at Pfizer partnership Covid treatment. The products discussed herein may have different labeling in different countries. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Cost basis and return based on previous market day close. What are you looking for in a partnership? We have a wide range of tools to help investors make smarter decisions when investing in stocks or options. The forward-looking statements in the transcript speak only as of the original date of the webcast. "We very much want to see that time gap [between high and low-income countries] reduced, such that there's no space between the two," said Padmini Srikantiah, lead on the RSV vaccine launch at Gates. "I think we're doing better than in years before," she said. AstraZeneca's Tagrisso, which has a similar target, hauled in a whopping $4.3 billion-plus in FY 2020. Atea partnered with Roche in October 2020 on AT-527, and the drug is now in an ongoing worldwide phase 3 trial with results due in the second half of 2021. Latest patents confirmed it Icing on the cake..Prog is RANKED the #1 Short Squeeze Candidate According to FINTEL & ORTEX . We engage in partnerships with innovators to push forward great science and continually seek new partners that are actively researching bold scientific ideas, capabilities and technologies that have the potential to bring innovative treatments to patients in need. The company had learned during the COVID-19 pandemic that "parallel development" to meet the needs of different regions was possible, Anderson said. It is used to assess patients for preeclampsia (a potentially fatal pregnancy complication). And despite impressive COVID-19 data from Atea, Pfizer has its own oral coronavirus treatment early in progress, though not quite as far along in clinical trials. Multiple partnerships with MAJOR pharmaceutical companies with Ionis being the only one announced thus far. Privacy Policy. 36% of employees would recommend working at Progenity to a friend and 24% have a positive outlook for the business. All statements, other than statements of historical facts, included in this press release are forward-looking statements. 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. We have built a robust product portfolio through efficient in-house development, clinical laboratory partnerships, and strategic acquisitions. Indications are 34% to . That stock offering provided Progenity with a significant amount of capital, but dilution typically isnt viewed as a good thing for long-term investors. Type a symbol or company name. AstraZeneca plc AZN announced new data from the AZD7442 COVID-19 PROVENT prevention and TACKLE outpatient treatment Phase 3 trials, both showing robust efficacy from a one-time intramuscular dose of the long-acting antibody combination. In addition to engagements with governments, Pfizer and BioNTech have provided an expression of interest for possible supply to the COVAX Facility, a mechanism established by Gavi, the Vaccine Alliance, the Coalition for Epidemic Preparedness Innovations (CEPI) and World Health Organization (WHO) that aims to provide governments with early access to a large portfolio of COVID-19 candidate vaccines using a range of technology platforms, produced by multiple manufacturers across the world. All of that being said, I dont want anyone to just buy PROG stock without knowing what the company does to make money. This news could accelerate Pfizer's possible partnership with Progenity if their sales are impacted by this negative development. Lupus nephritis is an autoimmune disorder that's especially harsh on the kidneys, with approximately 10% to 30% of patients experiencing kidney failure within 15 years, despite current therapies. Sorry, you need to enable JavaScript to visit this website. Our Standards: The Thomson Reuters Trust Principles. Progenitys vision is to transform healthcare to become more precise and personal by improving diagnoses of disease and improving patient outcomes through localized treatment with targeted therapies. Our goal remains to bring a safe and effective COVID-19 vaccine to many people around the world, as quickly as we can, said Ugur Sahin, M.D., CEO and Co-founder of BioNTech. SAN DIEGO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Progenity, Inc. (Nasdaq: PROG), an innovative biotechnology company, announced today that the company will participate in the 11thannual Partnership Opportunities in Drug Delivery(PODD) Conference, October 28-29, 2021 in Boston. At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. The autoimmune-focused biotech expects an average annualized net revenue per patient of approximately $65,000. Cookie Notice $38 becomes the price target." 0 Liked By . To put it simply, Progenity provides non-invasive prenatal screening tests for women or at least, that was the companys primary revenue source (Ill explain this in a moment). Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Patrick Bafuma has no position in any of the stocks mentioned. Thinking about buying stock in ON Semiconductor, Alignment Healthcare, Advanced Micro Devices, Las Vegas Sands, or DraftKings? Cision Distribution 888-776-0942 Progenity recently signed its third partnership with a major pharmaceutical company to evaluate delivery of large molecules using the OBDS platform. Let's learn about each other and discover synergies, goals, needs and capabilities. david lee garza wife; Locations. Pfizer assumes no obligation to update forward-looking statements contained in the webcast as the result of new information or future events or developments. No serious adverse events were reported. Progenity, Inc. PROG said in a series of filings with the SEC that insiders, including Hutan Hashemi, chief compliance officer, and Matthew Cooper, chief compliance officer, disposed shares in the company. InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. 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. The precision-medicine company also has two candidates entering phase 1 studies for non-small cell lung cancer with mutations within a specific gene called EGFR. The BNT162 vaccine candidates are undergoing clinical studies and are not currently approved for distribution anywhere in the world. All quotes delayed a minimum of 15 minutes. Pfizer to complete a $350 million equity investment in Arvinas Investor call on ARV-471 collaboration to take place at 8:30AM ET today with Arvinas and Pfizer Oncology executives - NEW HAVEN, Conn. and NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Arvinas, Inc. (Nasdaq: ARVN) and Pfizer Inc. (NYSE: PFE) today On July 1st, Pfizer and BioNTech announced preliminary data from BNT162b1, the most advanced of the four mRNA formulations. 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. Here's a roundup of top developments in the biotech space over the last 24 hours: Roche Holding AG RHHBY unit Spark Therapeutics, announced data from its Phase 1/2 clinical trial of investigational SPK-8011 in hemophilia A showing, at a median efficacy follow-up of 33.4 months, 16 of 18 study participants had sustained factor VIII, which permitted prophylaxis cessation and reduction in bleeding episodes. Not for sale in the U.S. Progenity to Participate in 11th Annual Partnership Opportunities in Drug Delivery Conference. So what happened? These forward-looking statements are based on Progenitys expectations and assumptions as of the date of this press release. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Progenity continued its downward slide in early 2021, falling below $2 during the sweltering summer. With pre-tax profit on its COVID-19 vaccine in the high 20% range and Bourla's company guiding for $78 billion to $80 billion in revenue for 2021 (with more than $33 billion of that coming from the vaccine), there's certainly money to be spent on acquisitions. Even better, this doesn't even get into the potential for Lupkynis to treat other autoimmune diseases. View the full release here: https://www.businesswire.com/news/home/20200722005438/en/. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Pfizer has several key areas of interest where we are looking to partner with others. The BNT162 program is based on BioNTechs proprietary mRNA technology and supported by Pfizers global vaccine development and manufacturing capabilities. This agreement is one of many steps towards providing global access to a safe and efficacious vaccines for COVID-19. Forward-looking statements include statements regarding Progenitys expectations regarding the completion and intended use of the proceeds of the registered direct offering. In an interview last month, Pfizer's head of vaccines research and development Annaliesa Anderson said the company still aimed to make its vaccine the first of its kind available for pregnant women in low-income countries more or less in the "same time frame" as in wealthy countries. Progenity applies a multi-omics approach, combining genomics, epigenomics, proteomics, and metabolomics to its molecular testing products and to the development of a suite of investigational ingestible devices designed to provide precise diagnostic sampling and drug delivery solutions.
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