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Biotech / Medical : biotech firesales

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From: Celtictrader	6/14/2019 3:19:20 PM
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Bought 4000 IFRX @3.17 Overview $6 Net Cash per share Stock crashed from over $40 down to $3 due to the extreme high placebo efficacy of the HS trial. This will be further investigated having the complete validated data set, so says company. There could be some good news here as well. sec.gov They have now $6/sh net cash (Cash & equivalent - total liabilities) and in 3Q19 probably $5.60/sh. Their cash runway is likely for 3-4 years to come. End of 1Q19: - OS 26.13M - Cash 153M EUR = $171.60M - Total Liabilities 8.99M EUR = $10.08M - Net Cash 144M EUR = $161.51M or $6.18/sh - Quarterly cash burn around 5.75M EUR - 9M EUR ($6.45M - $10M) - With $83.62M MCAP @ $3.20/sh, less $161.51M net cash -> Enterprise Value (EV) of $-77.89M. -> Free buyout up until $6 per share today sec.gov SI went up before the data release where stock was above $40/sh and I think they cover now at this price level nasdaq.com Whalewisdom shows increased ownership whalewisdom.com +++ Pipeline inflarx.de Latest Presentation of May .. inflarx.de Looking for an easy to digest trial schedule (o8> p32 ph2a AAV in US (IXPLORE) Study. 16 Weeks + 8 Weeks Follow-up (Started Oct 2018) Edit: Could be done soon, 24 Weeks, 6 month [Dec-Apr?] p33 ph2a AAV in Europe (IXCHANGE) Study. 16 Weeks + 8 Weeks Follow-up (Started 5/14/19) -- finance.yahoo.com -- finance.yahoo.com ph2a Pyoderma Gangraenosum (PG) open trial 12 weeks the initial results shall be published. Full trial takes longer though, maintenance phase. sec.gov They do have a long pipeline.

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