FENC - PDUFA by August 10, 2020 | Biotech Swings 👨‍⚕️💉

Maverick 21:53 PM - Jun 24 2020

FENC - PDUFA by August 10, 2020

Currently 9.22
25M o/s, 12m float
PDUFA by August 10, 2020
It's up 50% since May - looks like slow and easy accumulation going on - plenty of time here, so might see if it'll dip back into the 8's before going in
Plenty of cash ($40M or so) after recent offering
Will follow back up on this one

Comments

Maverick - 3 years ago

....another remind of why never hold through data or FDA decisions.

Maverick - 3 years ago

If any of you are still in this one, good luck on Monday! FDA decision will drop one way or another here on Monday.

Maverick - 3 years ago

I exited today at 9.50 (from 8.33).

Only reason I got out was because I found the drug they were working on a bit boring.

It'll probably keep going 10+ ahead of the PDUFA date, I just moved on to sexier stuff.

Maverick - 3 years ago

This is going well. Currently 9.42. Happy days.....

Really looking for just 10.00 on this one.

Maverick - 3 years ago

I picked up an initial position in FENC at 8.33 today.

Maverick - 3 years ago

Currently 8.27 (down almost 1.00) from original post. Still no position.

Same as ETON, I'll be looking to add a position this week as we're in the 30 day window of PDUFA.

This news took it down significantly on the 26th. I don't really see a cash position issue here, though.

http://investors.fennecpharma.com/news-releases/news-release-details/fennec-pharmaceuticals-announces-amendment-increase-existing

Maverick - 3 years ago

Up almost 5% today to 9.75

Biotech Swings 👨‍⚕️💉

Created By:	Maverick
Created:	Jun 25, 2020
Total Followers:	5
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The strategy here is simple: take 3 to 60 day positions in biotechs that have upcoming catalysts (data readouts, approvals, etc).

Offerings are the major danger, so always be mindful of cash position of the company you're trading.