Wall Street Researcher
MASSIVE SHORT COVERING EXPECTED
Initiate BUY – Upside Volitility
Cantor Fitzgerald – $2.00 Target
SHORTS MAY RUN FOR COVER DRIVING THESE SHARES HIGHER
These shares are trading significantly below its intrinsic value after being we feel illegally shorted by one or more professional shorters. Biotech is the favorite target of institutional shorters whose only goal is to short a stock into submission cutting them off from its traditional financial sources.
Credit Suisse – Roth Capital,- HC Wainwright- Cantor Fitzgerald before July 2022 all carried these shares as a BUY with target prices as high as $30 . Cantor Fitzgerald has set their new target price to $2.00 after the sharp drop.
These shares fell precipitously from $3.00 to its low of $0.10 cents due to the failure of a Covid trial on one of its drugs, Lenzilumab in July 2022. Other trials for other drugs and diseases are currently underway with these shares significantly in an oversold condition.
We urge all serious traders to watch for a massive short covering and to immediately place these shares on their WATCH LIST . We look for a test of the of the 200 day M/A at $1.53 followed by a test of $2.00 price target by Cantor Fitzgerald
Humanigen, Inc. (Nasdaq: HGEN) (“Humanigen”), is a clinical-stage biopharmaceutical company focused on preventing and treating certain inflammatory and oncological conditions with its product candidates, lenzilumab and ifabotuzumab. Lenzilumab is a Humaneered® monoclonal antibody that binds to and neutralizes granulocyte-macrophage colony-stimulating factor (GM-CSF).
Results from preclinical models indicate GM-CSF is an upstream regulator of many inflammatory cytokines and chemokines. Humanigen is exploring the effectiveness of lenzilumab as a treatment for chronic myelomonocytic leukemia and other inflammatory conditions such as Acute Graft versus Host Disease in patients undergoing allogeneic hematopoietic stem cell transplantation and as a companion therapy for patients receiving CD19 targeted CAR-T cell therapies.
Ifabotuzumab (Anti-EphA3) is a Humaneered® monoclonal antibody targeting tumor vasculature. EphA3 has broad expression in human tumors. Initial area of emphasis may include breast carcinoma, non-small cell lung carcinoma, pancreatic carcinoma and glioblastoma multiforme. For more information, visit www.humanigen.com and follow Humanigen on LinkedIn, Twitter, and Facebook.
About Humanigen, Inc.
Humanigen, Inc. (Nasdaq: HGEN) (Humanigen), is a clinical-stage biopharmaceutical company focused on developing lenzilumab, a first-in-class antibody that binds to and neutralizes granulocyte-macrophage colony-stimulating factor. Humanigen is developing lenzilumab as a treatment for chronic myelomonocytic leukemia and acute graft versus host disease. Humanigen is also exploring use of lenzilumab to prevent toxicities associated with CAR-T therapy through investigator-initiated trials. Humanigen is also developing an antibody drug conjugate (ADC) utilizing its EphA-3 targeted monoclonal antibody ifabotuzumab (ifab) for solid tumors. For more information, visit www.humanigen.com and follow Humanigen on Twitter.
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