EPOCH 8: BIOTECH MARKET RESEARCH $IOVA

Iovance Biotherapeutics

Approval day has come early for Iovance it seems. Originally slated for February 24th $IOVA has already been granted approval for lifileucel in Advanced Melanoma.  Congrats to the company and this is big news for patients. Options pricing was projecting a potential move of over 40% and it looks like that projection was close as Friday saw a +33% move on the news. For those of you looking at the longer term there remains upside on the table and therefore we have decided to still post our update.

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. Our aim is simply to flag catalysts with high projected volatility.

ALERT: PDUFA for Lifileucel in Advanced Melanoma

DATE: Approved!

IMPLIED VOLATILITY: +/- 40%

BACKGROUND: