justdafactss
17 hours ago
What about Brucie pumping Operation Warp Speed?---
Small Biotech Stock CytoDyn Soars on ‘Warp Speed’ Comment
By Michael Wursthorn
Updated Aug. 26, 2020 9:18 pm ET
The market for small biotechs working on coronavirus treatments is so hot that sometimes all it takes is a whisper to send a stock soaring.
So it was with CytoDyn Inc. , which climbed more than 20% after a former adviser told television host Dr. Drew Pinksy on Thursday that he thought the company would move forward with a federal-government program aimed at fast- tracking virus treatments.
CytoDyn isn't being considered for the program, known as Operation Warp Speed, according to a senior administration official.
Yet in the quick-punch world of retail investing, the video clip of the former adviser, Bruce Patterson , has already gone viral. Investors who closely follow the company shared it on social media and message boards, including Investors Hub, a forum popular with penny-stock traders. Shares of CytoDyn rallied 13% to $3.43 a share on Friday, notching the company's biggest daily gain in about a month, before rising another 12% on Monday.
CytoDyn Shares have plateaued since then, declining a more than 2% over the last two trading sessions.
Operation Warp Speed is a federal initiative to accelerate the development and manufacturing of drugs and vaccines for Covid-19, which has claimed more than 175,000 lives in the U.S. Through the program, the government has given funding to companies such as Moderna Inc. , Novavax Inc. and Regeneron Pharmaceuticals Inc.
The senior administration official said CytoDyn had only completed a preliminary qualification for being included in the initiative. The Vancouver, Wash ., company had submitted information through a so-called CoronaWatch, a program run by the Biomedical Advanced Research and Development Authority , or Barda, to assess the viability of drugs and therapeutics that might be effective against Covid-19, the official said. Technical experts reviewed the submission and opted not to proceed further at this time, the official added.
The team responsible for reviewing the materials makes clear to companies that submissions are for informational purposes only and don't lead to funding on their own, the official added. Companies must apply to specific grant programs to receive funding, the official said, which CytoDyn hasn't done at this time.
Dr. Patterson told The Wall Street Journal that he helped arrange an initial exchange of information between CytoDyn and Barda. He hadn't been involved in further discussions, he said.
CytoDyn declined to comment on the exchange or on any communication with Operation Warp Speed.
" CytoDyn received an email. I received an email from Operation Warp Speed. So yes they are aware of it," Dr. Patterson said in the video. "And I think we'll move forward with them."
The company hired Dr. Patterson as an adviser, in addition to hiring his company, IncellDx, to provide diagnostic services. CytoDyn and Dr. Patterson said his tenure as a consultant ended in May. CytoDyn also no longer uses Dr. Patterson's company for diagnostic services.
An April securities filing disclosed that Dr. Patterson was a CytoDyn shareholder.
In the interview with the Journal, Dr. Patterson said he never received paperwork regarding his ownership in CytoDyn . "I've gotten little to no paperwork regarding that," he said. "I don't think of it as real."
On the question of Dr. Patterson's share ownership, Arian Colachis , CytoDyn's general counsel, pointed to the April filing.
"The document speaks for itself, and we have no further comment," she said.
Write to Michael Wursthorn at Michael.Wursthorn@wsj.com
(END) Dow Jones Newswires
08-26-20 1145ET
Copyright (c) 2020 Dow Jones & Company, Inc.
Blueheel1
3 days ago
i think you're right. I have always believed there is value in the drug itself. In the right hands, it could create a lot of value for investors. I placed way too much focus on the drug, and not nearly enough on the leadership side when making my investment decisions. But, what I have learned (the hard way) is that for any company to succeed, you must have both - a great product, and great execution by a solid leader.
What i cannot figure out now is whether the company (and my investment by extension) can survive NPs disastrous moves. I'm not discounting the FDA and their hatred of CYDY - but I am convinced that if we had a very credible leader in place, the regulators would have treated us completely differently. They have seen us as a problem child for many years - mostly because of the way NP has behaved.
I remain very concerned, but i don't think anyone knows for sure how this will play out - despite some saying they do.
$5.95akadawson-m
3 days ago
To reiterate
I've been reading posts on other boards and I have to say that there were so many smart people who had invested in CYDY three or + years ago. They definitely were ahead of the curve or more skeptical of NP and his wiley ways. Some of us, like me, only focused on the efficacy of Leronlimab - believing its Lazarus qualities while others had the right focus looking at NP and saying "What is he doing?" My inner voice still says Leronlimab is the real thing but how is it going to play out, now?
Today's court documents have harpooned both Nader and FDA members in separate ways to CYDY's downfall. The longs take it on the chin because these FDA blowhards, who incidentally are the ones in-charge and making new rules (not observing the rules) have played whack-a-mole with CYDY and thus, maybe killing the efficacy of Leronlimab, forever.
Monroe1
3 days ago
Yes, I expect some interviews with Nader et al....ET AL. Going to be quite the interesting story should one ever get published.
Some who don't expect it may get an interview as well. Be ready!! FDA and bashers will follow the Nader interview most likely.
May well trigger some other investigations to dig some more and make a few adjustments. Probably going to be a lot of squirming trying to get the stories straight.
Meanwhile, Sidley takes good notes and may well have some contributions to add to the story.
So in the interim, keep up the incrimination bashers ,and oh yes, thanks for the cheapies anytime.
In the interim, Dr. Jay is slaving away. Get ready.
$CYDY$ 2024
ClosetInvestor
3 days ago
“And his second conviction was , his check for $100.00 bounced ,
well , when I was an intern in the hospital , many of my checks bounced ....I must be the biggest criminal in USA , everyone else are angles here ..”
If you believe anyone is charged with felony fraud for accidentally bouncing a check for $100, then I have a bridge to sell you. That pattern was there for all to see, some caught it, some didn’t, but no coincidence he’s pending a 3rd felony.
misiu143
3 days ago
" Dr NP was convicted of sending an email to his x-wife. " email was about their child.
WOW , he is really a CONVICT , I hope the whoever is attacking him didn't make a bigger sin in their past , I am sure I may do something worse then that !!..
And his second conviction was , his check for $100.00 bounced ,
well , when I was an intern in the hospital , many of my checks bounced ....I must be the biggest criminal in USA , everyone else are angles here ..
And then he filed for BK , well , millions of Americans doing this , is this consider to be a criminal act in USA ???
Only the 5.95s must be the saints I see. Average person in USA will be happy to have ONLY those crimes against them ..
All imo.
GLTA longs
ClosetInvestor
3 days ago
“The following information may be relevant to an investor’s evaluation of Dr. Pourhassan, as well as an investor’s decision to buy, sell or hold securities of the Company:
a. On May 3, 2006, in Superior Court of Washington for Clark County Case No. 204227D, Dr. Pourhassan was convicted of a felony domestic violence court order violation. Dr. Pourhassan pled guilty to violation of the provisions of a protection order by contacting his former spouse via email with communication intended for his son. Dr. Pourhassan performed community service, paid a fine of $100, served 24 months of probation and was ordered to comply with the protection order.
b. On June 9, 1986, in the First District Court in Logan, Utah, Dr. Pourhassan was convicted of a third-degree felony of theft by deception for overdrawing his bank account by approximately $100. Dr. Pourhassan was placed on one-year probation.
c. Dr. Pourhassan filed for Chapter 7 Bankruptcy in 1991 in Salt Lake City, Utah, case number 91-24348, and in 2001 in Portland, Oregon in case number 01-36712-elp7.”
FELONY domestic violence and FELONY of theft by deception (deception like maybe the BLA isn’t complete?). Great CEO material!
https://www.cytodyn.com/investors/sec-filings/all-sec-filings/content/0001193125-12-392638/d412647d8k.htm?TB_iframe=true&height=auto&width=auto&preload=false
Learning53
3 days ago
In some cases Leronlimab (or Leronmybud LL) will "carry the ball across the goal," (Especially where CCR5 is involved) but more frequently, it would be a valuable adjuvant. And the, so far, minimal negative side-effects... give it some interesting advantages.
And
Makes >> LL >>> A THREAT >>Roger Stone get some LL for his wife with (reputedly) good results?
And it seems some other "biggies" got some.
But now >>> LL could gradually, become the Newest Drug. A drug that seems to support health by helping to counter chronic inflammation. But LL's not a magic bullet.
A lot of factors apply - like what are you're eating, breathing, sharing, and on and on, etc.
But Leronlimab, Leronmybud, is something I want available.
My Opinion totally!!
***
And, sorry big-bully Pharma. We could have been working together, but events have a path of their own,
Imagine
Leronlimab
Could be
Popping up
Leronmybud
And they have their own
"on-line Docs"
to do the scripts ;)
Always entirely my opinion - do your own research
Learning53
3 days ago
Me skeptical?
And what IS happening with the "waste Leroonlimab?"
The "game is afoot," (an allusion to 'Sherlock Holmes').
Sure, they're going to just "flush >>> the ultimate new cure >> down the drain or the collective toilets in S. Korea?
Realllllly?
(And even if it's not a proven fact...makes a delicious rumor...suggesting the drug might suddenly "appear from afar.")
And the product and formula are totally gone or beyond analysis and replication? Right!!!!!
And Suddenly...
"Hello there"
It's your 'new friend'
Leronmybud!
Yeah, it's down there, to the left of bagged fortune cookies under, yeah, the counter full of "lucky bamboo." So, cash, card, or Dillo?
And big pharma is caught "stupidly standing" as the wonder drug becomes readily available from other sources.
***
I suspect >>>it's available right now...
But not for us.
***
All my opinion
Would you take a truckload of "hope Diamonds" and dump them in the deepest ocean...(without a net cleverly concealed)?
Hmmmm?
The pen-ultimate "Ha, ha?"
Our big pharma, after battering poor old CytoDyne (My opinion)" will be lost in the dust...