EPOCH 29: BIOTECH MARKET RESEARCH ($CTXR)

Citius Pharmaceuticals

If you like binary moves we have one for you this week with Citius Pharmaceuticals. The company has upcoming PDUFA date for their IL-2R T-cell lymphoma program -  I/ONTAK (E7777).  We expect violent price action after release of the decision, however the surrounding business case is quite complex and adds additional complexity to the CTXR analysis.

Every Monday we are out with public biotech research, profiling biotech companies with near term catalysts. This will focus primarily on the major market moving biotech events such as data readouts from the major scientific conferences as well as potential regulatory approvals.

We will not offer specific trading advice (and we do not hold any publicly traded biotech equity), but rather flag emerging events that will likely materially drive stock prices (sometimes +/-100% in either direction).

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HOW TO PLAY BIOTECH APPROVAL/DATA READOUTS ANNOUNCEMENTS

While biotech equities will move on news of announcement, often if there is high conviction in a positive read, a large run up ahead of the news will occur and the actual event turns into a sell the news event. Sometimes, investors wait for the actual event to make a long/short decision. And obviously if the news is disappointing (more often than not) the stock will tank.

This is not financial advice so you will have to make your own call on how to best play these events.

ALERT: Citius Pharmaceuticals ($CTXR) I/ONTAK (E7777) IL-2 R PDUFA in T-cell Lymphoma

DATE: July 28th, 2023

IMPLIED VOLATILITY: +100% 

BACKGROUND: