EPOCH 44: BIOTECH MARKET RESEARCH ($XENE)

Xenon Pharmaceuticals

This week we are featuring Xenon Pharmaceuticals and their imminent Phase 2 clinical data from the X-NOVA trial which is being run to evaluate the efficacy, safety, and tolerability of its investigational drug, XEN1101, for the treatment of moderate to severe major depressive disorder (MDD).  This one should come with high volatility as options pricing now suggests 40%+ move.

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: Xenon Pharmaceuticals ($XENE) Phase 2 major depressive disorder (MDD) data

DATE: November/December 2023

IMPLIED VOLATILITY: +/- 40%

BACKGROUND: