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Biotech / Medical : Ziopharm
ZIOP 0.866-0.9%Jan 26 3:00 PM EDT

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From: PLegee2/1/2017 9:41:29 AM
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Of the two non-clinical obstacles in Ziop's price performance path (sector/pricing, cash raise), Trump's meeting with the biopharm CEO's yesterday seemed to go much better than originally anticipated. Analyst Michael Yee (sp) from RBC thought that the govt and industry goals aligned for the most part; expediting FDA trials (if safety is not an issue) would ultimately reduce costs. Trump acknowledged the burden and cost disproportionately placed on US bio firms. I'm not clear how much cash repatriation (also briefly touched upon) will ultimately help the biotech industry at large, but many claim it should be a tailwind for all bio pps. Not a ZIOP specific issue however.

Looks like near term pps could be going higher for ZIOP, the 50 dma is just a few cents above current price, that will bear watching. Of course, the big elephant in the room remains operational cash; no recent news on that front. A big trial success would take prices higher allowing for a more reasonable secondary offering if that is the path management chooses to go. I'm sure they have other options as well.
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