May. 7 at 7:25 PM
Biotech Buy of the Year - A year later today, the new buy of the year is
$IVVD - we have a potential Phase 3 runup coming shortly and Phase 3 should be de-risked by its already-commercial COVID antibody infusion asset. IVVD has 200 million in cash with last round priced at
$2.50 - now trading at
$1.40 approaching the end of a catalyst-desert. Phase 3 readout for a <500M peak rev drug (COVID antibody for immunocomprised and elderly who do not respond well to vaccines), potentially much higher if efficacy for overall population is better than vaccines or if FDA makes a move against the vaccines. Readout in Q3'25. Long Covid Phase 2, vaccine comparitor trial and pipeline provide upside.
$URGN $XBI