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Moderna in Trouble - ABUS Wins Lawsuit Tied to COVID-19 DrugArbutus Biopharma Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of a cure for patients suffering from chronic Hepatitis B virus (HBV) infection in the United States. Its HBV product pipeline consists of AB-836, a capsid inhibitor that has the potential to inhibit HBV replication by preventing the assembly of functional viral capsids; and AB-423, which is in pre-clinical studies. The company also develops RNAi drugs, which utilize the RNA interference pathway, allows for a novel approach to treating disease. Its RNAi HBV candidates are designed to reduce hepatitis B surface antigen expression in patients chronically infected with HBV. In addition, it develops AB-729, a second generation RNAi therapeutic targeted to hepatocytes; HBV RNA destabilizer, an orally active agent that cause the destabilization of HBV RNAs, which leads to RNA degradation and to reduction in HBsAg levels. Further, the company engages conducting a Phase 1a/1b clinical trial and several pre-clinical and investigational new drug-enabling studies to evaluate proprietary HBV therapeutic agents, together with standard of care therapies, and in combination with each other. It has strategic alliance, licensing, and research collaboration agreements with Marqibo; Gritstone Oncology, Inc.; and Acuitas Therapeutics, Inc. The company was formerly known as Tekmira Pharmaceuticals Corporation and changed its name to Arbutus Biopharma Corporation in July 2015. Arbutus Biopharma Corporation is headquartered in Warminster, Pennsylvania. AFTER HOURS BREAKING NEWS Moderna stock tumbled late Thursday after the biotech lost a patent battle that may jeopardize the financial future of its coronavirus vaccine. Moderna (MRNA) challenged patents held by Arbutus Biopharma (ABUS) covering lipid nanoparticle, or LNP, technology. Lipid nanoparticles are the delivery system for messenger RNA drugs, including Moderna's coronavirus vaccine, which is known as mRNA-1273. Despite the company's contention, the ruling could cut into profits on any Moderna drug, including mRNA-1273, says SVB Leerink analyst Mani Foroohar. "Revenue concentration in (the coronavirus vaccine) is a central feature of the investment case for Moderna shares," Foroohar said. "Any meaningful royalty burden could hamper Moderna's pricing flexibility and margin profile vs. other players in the SARS-CoV-2 vaccine market." Foroohar called the decision in Arbutus' favor "a disappointing turn for Moderna." "This decision opens the door to a fascinating (and likely protracted) period of investor controversy and debate around the implications of any potential infringement of claims by Arbutus regarding Moderna's use of Lipid Nanoparticle delivery technology, and any further actions Moderna may take to defend their own (intellectual property) position and freedom to operate," he said. NEWS: www.investors.com Where's ABUS going? To $100.00 ...??? On the monthly chart, it looks like $9.00 might be the next stop..? At this point, I am not sure if there is a top right now for ABUS. The news is huge for ABUS and could entitle ABUS to billions in profits and revenue from the COVID-19 vaccine. Intelligent comments welcome. DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:ABUSLong
by HotCharts
4
ETC/USDT 4h (Binance Fut) Descending channel break-outTA: Ethereum Classic is looking quite bullish on LTF after that parallel channel break-out and retest. I'm still holding a long on ETC/BTC pair so let's scalp it in Futures too: Current Price= 6.129 Buy Entry= 6.138 - 6.028 Take Profit= 6.357 | 6.464 | 6.615 Stop Loss= 5.799 Risk/Reward= 1:1 | 1:1.38 | 1:1.92 Expected Profit= +27.54% | +38.10% | +53.04% Possible Loss= -27.54% Fib. Retracement= 0.5 |0.618 | 0.786 Margin Leverage= 6x Estimated Gain-time= 360h
Long
by TradingOn
$RHI descending triangles on weekly #chart #tradingBeautiful weekly chart here for $RHI Stock has formed the first descending triangle in 2018 (bottom line support is the FEB'18 low and top of the triangle is the AUG'18 high) After the DEC'18 correction stock is forming a second descending triangle ( DEC'18 support line and APR'19 high top of the triangle) Price action last week saw the breakout from the first triangle on the back of good earnings report and yesterday on the back of the strong overall market the stock is trying to breakout from the second triangle MACD and RSI both support the move up Ideally look for a close this week above the descending line of the second triangle to participate Targets: T1 - measured move from the small triangle around 75.44 T2 - measured move from the big triangle around 84.86 Good luck, TA
NYSE:RHILong
by RA_Capital
$LW #breakout on weekly #chart$LW has bottomed around MAY-JUN'19 and since it has traded upwards forming an ascending triangle, with resistance line around 83.86 Last week has broken AND CLOSE above that level on the back of better than expected earnings All this would have been great if the MACD and RSI were not that high into overbought area Ideally look for a retrace and possible retest of the former resistance area in order to participate Measured target of the breakout move is around 108.89 Good luck, TA
NYSE:LWLong
by RA_Capital
$KTOS descending triangle #bullish #breakout on daily #chart$KTOS stock price topped last summer in JUL'19 and after modest ER has dropped until around 17.40 where it found support Since then the stock has been trading inside a beautiful descending triangle, until last week when it broke out on the back of the middle east tensions(we are talking about a security and defense stock after all) Notice the big volume on the breakout and also the indicators MACD and RSI both supportive of further move up Targets are : T1 - intermediary top of the ascending triangle at 23.09 T2 - the measured move from the breakout of the triangle at 24.50 Good luck, TA
NASDAQ:KTOSLong
by RA_Capital
$THRM #bullish #breakout from #wedge on weekly #chart$THRM stock price made an intermediary top back in SEP'18 and since then it has traded downwards inside a nice wedge After a failed move it has managed to breakout in OCT'19 Result that came out at the end of OCT'19 were not great and the stock has retested the breakout , but the price action held above and now the stock has resumed the uptrend MACD and RSI very supportive of the move higher as per chart Targets are: T1 - top of the wedge at 50.30 T2 - measure move of the breakout from the wedge at 54.10 Good luck, TA
NASDAQ:THRMLong
by RA_Capital
$JD ascending triangle #bullish #breakout on weekly #chart$JD stock price has traded around the 35.50 level for the past 5 years (dotted black line) and this level has been resistance from 2015-16 to support between 2017-2018 and then resistance again since mid 2018 After last support break the stock price drifted lower until it bottomed around 19.20 levels after the DEC'18 selloff Since then the price has formed a nice ascending triangle from which has broken out in late DEC'19 after the announcement of Phase1 Deal between US and China Volume is not yet what I would like it to be, but MACD and RSI have both sustained the move up Targets are: T1 - former JUN'18 high before the last leg down at 45.23 T2 - measured move from the triangle breakout at 51.74 Good luck, TA
NASDAQ:JDLong
by RA_Capital
LINK IS ON FIRELINK is breaking out to new highs. As usual its leaving everyone behind, but if you use 15min TF buy in the purple zone which is in between the .618 and .5 FIBO. SL for LINK/USDT $5.05 or in BTC SL is .0558 or .00055 if your not leveraged or are holding for long term with a looser stop. My TP is .00064. Happy Trading! If you have any comments or suggestions leave them here! Also I am a crypto and FX market analyst so if you have something in particular you would like me to look at just comment below!!!! DISCLAIMER: THIS IS NOT PROFFESIONAL TRADING ADVICE)
Long
by INFENERGY
A look a the bigger 1 day chart pattern possibilities.i've recently been focusing more on the 1hr and 3hr chart patterns as we've been going sideways on top of the blue top trendline of this 1day chart ascending triangle pattern but I wanted to strip down the chart to only that pattern again as it finally looks like we may be finally confirming the breakup from this pattern...we need to make sure before we get too invested in this breakout however that price actions is able to clear the 1day 50ma(in orange) and the 1 day 200ma (in lighter blue) as well as flip both mas to solidified support before we are confident that we will be reaching the 2 potential breakout targets of this triangle. the first target is measuring only the triangle but the second higher target around 11.2k is factoring in the bear flag in its measured move that target will only be reached if we validate an inverse bart pattern here. It would make a lot of sense if we did validate the inverse bart though as we would then fill both remaining gaps in the futures chart if we did so. Must watch how price action engages with the 1day 50 and 200mas first though before getting to excited about it.
COINBASE:BTCUSDLong
by DrDovetail
$KR inverse H&S breakout on the daily chart #stock #trading$KR stock price has been forming a beautiful clean inverse H&S pattern on the daily chart since MAR'19 earnings result gap down The pattern has a clean cut shoulder line at around 23.70 and head line at 20.70 / neckline sits at 26.10 Stock has broken the neckline on big volume 2 days ago ( on good numbers regarding same stores sales ) and yesterday started what will be most probably the retest of the neckline MACD very supportive on both daily and weekly charts / RSI at 65 now on daily / 61 on weekly so there is some room to still go up, but that is also why I think we will see a pull back Look for retest AND SUPPORT at the neckline in order to participate ( keep an eye especially on the WEEKLY close) Measured target stands at 31.50 Good luck, TA
NYSE:KRLong
by RA_Capital
BTC attack on 10K. Bears in panic mode! FOMO starts now. BTC attack on 10K. Bears in panic mode! FOMO starts now. After the great advance of altcoins capital is now flowing into Bitcoin again (which was partially expected). When/if 10 000$ gets taken out bulls will clear an important psychological as well as technical level of resistance. This move might extend far higher than you'd expect. Stay hedged and do not over-leverage your trades. If not already in a long position opening one ow will expose your funds to a huge risk. Stay level headed. Happy gains!
BITSTAMP:BTCUSD
by megaprofits
$OSB daily #chart with ascending triangle #breakout$OSB has reached a 19.46 low this summer and since then it has formed an ascending triangle Last week stock has been bought aggressively as seen on the volume chart and managed to breakout the resistance at 25.11 RSI is slightly being pushed now into high levels so ideally could wait for a successful retest of that line, but somehow I have the feeling this could be related to ER on the 31st OCT Anyway the measured target is at 30.76 Good Luck, TA
OLong
by RA_Capital
3
I'll Take "What Is A Bear Trend" For 500 AlexHello all, This is just an update from my last chart better representing levels, just in case we continue our bearish trend. This chart, compared to our last, is charted on the daily rather than the 4 hour time frame. We have touched basis with our trend and rejected, if we don't make another move to break out in the next week i suspect we will be descending deeper/ possibly retesting our lows in 2018, but that is unlikely as of now. (At this moment in time my last chart is still active, but if our total drops below ~228B we are most likely continuing our bearish trend) Grey Lines represent Fib levels. (Fib levels starting point is December 2018 Lows/ ending point June 2019 Highs) Red lines Represent Support and resistance zones. If we fail to break out of our long standing bearish trend, represented by the Red line directly above our candle stick patterns, we will most likely head down for lower lows during February-March. In my opinion it is not wise to be over leveraged in either direction at the moment as we are at a turning point in the market. Feel free to comment and share your views. As Always DYOR and safe trading.
CRYPTOCAP:TOTAL
by CapitulationCalls