Great find....I suspect you could well be onto something here OvF - and, if so, this could be very meaningful for PIQ. As you (rightly) suggest - there are a few pieces which seem to tell some sort of story
- Janssen is a leading Pharma company in the Type 2 diabetes market with one of the major SGLT2s (canagliflozin)
- Janssen had a massive win with their CREDENCE trial (which stopped early as the results were that good!)
- They operate in a very competitive sector of the market - and along with AstraZeneca who you mention in your previous post - compete against a Lilly/Boehringer product from the same SGLT2 class (Jardiance) - which had an edge in that they have a trial (EMPAREG) that shows reduction in risk of cardiovascular death in Type 2 diabetes patients
- If Janssen are successful with gaining these additional indications it'd definitely place them in a stronger position and would lead to canagliflozin being the first diabetes medicine for the treatment of people living with type 2 diabetes and CKD - which would be a big deal and attract a lot of attention
And if the collaboration with PIQ has/had anything to do with this........?!
Further to this - as your first article points out - AstraZeneca's Knowthedanger.com also seems to fit rather nicely with a certain diagnostic test able to determine future prognosis for Type 2 diabetes patients. Hello PromarkerD.
I'm new to PIQ - only been on board a few weeks after watching from the sidelines since January. Once I'd done some reading - and knowing a little about the area - I could see no reason why this shouldn't be way north of 30c - even without the licence deal in the US being sorted out.
Surely only good times ahead - as perhaps these broader developments may end up being more significant than how many kits are being sold at such an early stage of commercialisation.
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Great find....I suspect you could well be onto something here...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $49.05M |
Open | High | Low | Value | Volume |
30.0¢ | 31.0¢ | 29.0¢ | $144.4K | 483.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.0¢ | 10000 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 7758 | 0.300 |
2 | 2750 | 0.295 |
3 | 45650 | 0.290 |
1 | 150000 | 0.285 |
3 | 39500 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 10000 | 3 |
0.330 | 76412 | 3 |
0.345 | 1260 | 1 |
0.350 | 50000 | 1 |
0.355 | 2498 | 1 |
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