Formycon: The potential corona antibody manufacturer continues to soar – record high and 80 percent weekly increase

0
10


The biopharmaceutical company Formycon has stepped onto the big stage of the corona hopefuls with the publication of the data on a corona antibody.

As the company based in Planegg-Martinsried announced on Wednesday morning, a SARS-CoV-2 blocker developed by the company called FYB207 completely prevents cells from being infected.

That is “good news,” said analyst Damien Choplain from Kepler Cheuvreux. Such, as stated by the company, “excellent protection” by the active ingredient against mutations is currently not available for vaccines and other therapeutic antibodies under development.

“The market reaction is exaggerated, however,” said Choplain, referring to the early stage. Clinical development is likely to begin towards the end of the new year and possible approval is not expected until the end of 2022 at the earliest. His investment rating for the share is still “Buy” with a price target of 45 euros, which is now well below the market level.

At 61 euros, the share hit a record high in the first few minutes of trading, more than doubling since Tuesday. In the further course of trading, however, it has already come back and is currently quoted at a value of 55.80 euros. On a weekly basis, there is an increase of over 80 percent.

onvista / dpa-AFX

Title: Casimiro PT / Shutterstock.com

New: Integrate real securities accounts in your my onvista account

That brings a lot of advantages:

-You save yourself the time and expense of replicating your real depots in a my onvista model depot.

-You can connect any number of real depots from hundreds of banks and brokers.

-my onvista offers you an overview of your entire portfolio of securities with just one login.

It’s that easy



Source link
https://www.onvista.de/news/formycon-hoehenflug-des-potenziellen-corona-antikoerper-herstellers-geht-weiter-rekordhoch-und-80-prozent-wochenplus-418649959

LEAVE A REPLY

Please enter your comment!
Please enter your name here