ChemoCentryx Inc. (CCXI) is priced at $49.52 after the most recent trading session. At the very opening of the session, the stock price was $46.00 and reached a high price of $50.51, prior to closing the session it reached the value of $52.24. The stock touched a low price of $45.09.
Recently in News on October 28, 2020, ChemoCentryx Announces Positive Topline Results of Phase II AURORA Clinical Trial of Avacopan in the Treatment of Hidradenitis Suppurativa (HS). — Avacopan demonstrates statistically significant dose-dependent improvement in HiSCR (Hidradenitis Suppurativa Clinical Response) vs. placebo in pre-specified Hurley Stage III (severe HS) patients at 12 weeks; numerical improvement observed with avacopan treatment in overall study population –. You can read further details here
ChemoCentryx Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $65.43 on 06/12/20, with the lowest value was $30.72 for the same time period, recorded on 03/18/20.
ChemoCentryx Inc. (CCXI) full year performance was 451.45%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ChemoCentryx Inc. shares are logging -24.32% during the 52-week period from high price, and 550.72% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.61 and $65.43.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2437454 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the ChemoCentryx Inc. (CCXI) recorded performance in the market was 25.21%, having the revenues showcasing -6.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.19B, as it employees total of 82 workers.
Specialists analysis on ChemoCentryx Inc. (CCXI)
During the last month, 0 analysts gave the ChemoCentryx Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 55.03, with a change in the price was noted -12.96. In a similar fashion, ChemoCentryx Inc. posted a movement of -20.74% for the period of last 100 days, recording 677,769 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CCXI is recording 0.06 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.06.
Trends and Technical analysis: ChemoCentryx Inc. (CCXI)
Raw Stochastic average of ChemoCentryx Inc. in the period of last 50 days is set at 27.84%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 27.84%. In the last 20 days, the company’s Stochastic %K was 22.93% and its Stochastic %D was recorded 26.19%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 25.21%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -3.51%, alongside a boost of 451.45% for the period of the last 12 months. The shares increased approximately by -9.93% in the 7-day charts and went down by -9.64% in the period of the last 30 days. Common stock shares were lifted by -6.05% during last recorded quarter.
https://i0.wp.com/higenix.com/wp-content/uploads/2020/10/25.png?fit=640%2C422&ssl=1422640Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-31 11:05:112020-10-31 11:05:11Gear up for the change! ChemoCentryx Inc. (CCXI) has hit the volume of 2437454
Hidradenitis Suppurativa Market External and Internal Factor: Market Scope, Segments and Forecast of the Market
The Hidradenitis Suppurativa Market would have a significant growth rate during the forecast period from 2020 to 2027 and would reach a considerable market size by 2027. Both macro and micro environments have been analyzed for this market and covered under the scope of the study. The market was analyzed taking into account the different variables that include market drivers, constraints, opportunities, key competitor, trend analysis, outlook, estimate and forecast factors.The market is experiencing high demand owing to the rise in product demand across different end-use areas. According to the feasibility check, on the basis of product, geography and application, the market is bi-furcated into different sub-segments and market estimates have been given for these segments from 2020 to 2027.Some of the major geographies covered in the study are North America, Asia Pacific, Europe, Latin America, the Middle East and Africa, as well as the review and prediction. Further, these above-mentioned regional markets are further segmented into Middle East, South Korea,Central America, Africa, India, Africa, Canada, Japan, South & Central America, Mexico, Africa, Italy, UK, U.S., Singapore Germany, France, South America, Germany, Russia, China, Middle East, and Taiwan
Market Overview, Key Trends Market Dynamics: Global Hidradenitis Suppurativa Market with Coverage on COVID -19
The market would have a significant growth rate during the forecast period from 2020 to 2027 and would have reached a considerable market size by 2027. The market is evaluated taking into account the different factors that include market drivers, weaknesses, possibilities, key competitor climate, trend analysis, outlook, estimate and forecast factors. The market effect of COVID-19 may be seen, but the company would have recovered from this pandemic by the end of next year. We also identified the main industry trends that at present and in the coming years will also have an impact on market growth.The analysis of the market has also been provided with respect to COVID -19 impact in the current scenario as well as in the coming years.
Click the below link and Get a Free Sample Copy in PDF Format:
https://i1.wp.com/higenix.com/wp-content/uploads/2020/10/300-x-300-pixel-35.jpg?fit=300%2C300&ssl=1300300Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-30 19:23:172020-10-30 19:23:17Hidradenitis Suppurativa Market Key Players –Pfizer,AbbVie, Allergan, AstraZeneca, In –Depth Analysis on the market Trends, Size, Share, Industry Growth, and Report Forecast Till 2027. – Eurowire
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Initiated Phase III part of the Phase II/III adaptive, randomized, controlled trial in patients with severe COVID-19 induced pneumonia
Published encouraging data from Phase II part of COVID-19 trial in The Lancet Rheumatology
Announced leadership team additions
Cash, cash equivalents and financial assets of approximately €95.7 million as of September 30, 2020
JENA, Germany, Oct. 29, 2020 (GLOBE NEWSWIRE) — InflaRx (Nasdaq: IFRX), a clinical-stage biopharmaceutical company developing anti-inflammatory therapeutics by targeting the complement system, announced today financial results for the three and nine months ended September 30, 2020.
“With cases of COVID-19 on the rise throughout the world, there remains an urgent need to find safe and efficacious treatments for critically ill patients. Thus, we are highly focused on advancing our ongoing Phase III trial with IFX-1 in patients with severe COVID-19 induced pneumonia,” said Prof. Niels C. Riedemann, Chief Executive Officer and Founder of InflaRx. “In addition, we are continuing to move forward IFX-1 in development for important inflammatory indications, including hidradenitis suppurativa, pyoderma gangraenosum and ANCA-associated vasculitis, all disease areas where patients are in need of better treatment options.”
Corporate and R&DHighlights
Leadership appointments: In September 2020, InflaRx announced the appointment of Thomas Taapken, Ph.D. as Chief Financial Officer, and Jordan Zwick was promoted to the newly created position of Chief Strategy Officer.
IFX-1 in COVID-19 induced pneumonia: In September 2020, InflaRx announced the start of the global Phase III part of its Phase II/III trial with IFX-1 in severe COVID-19 induced pneumonia with the initiation of the first clinical site in the Netherlands. In parallel, the German regulatory authority, the Paul-Ehrlich-Institut (PEI), approved the Phase III clinical trial in Germany. The trial is currently enrolling, and patients are undergoing treatment. The randomized, double-blinded and placebo-controlled Phase III part of the Phase II/III trial is planned to enroll approximately 360 early intubated, critically ill patients with COVID-19 induced pneumonia across sites in the US, EU, South America and other regions. Patients are being randomized 1:1 to receive either IFX-1 or placebo; all patients will receive standard of care. The primary endpoint is 28-day all-cause mortality; key secondary endpoints will include assessment of organ support and disease improvement. An interim analysis is planned after enrollment of 180 patients, with a potential for an early stop for efficacy or futility. Also in September, encouraging data from the Phase II part of the study were published in the peer-reviewed journal, The Lancet Rheumatology.
IFX-1 in Hidradenitis Suppurativa (HS): The Company is assessing different strategies for a potential pathway to regulatory approval for IFX-1 in the United States and plans to engage with the Food & Drug Administration (FDA) on next steps. In Europe, InflaRx is working diligently to address the feedback received in Scientific Advice from the European Medicines Agency (EMA) and analyzing the strategy for its Phase III development program for the use of IFX-1 in the treatment of HS.
IFX-1 in Pyoderma Gangraenosum (PG): The Phase IIa open label trial continues to enroll patients in the higher dose groups. Additional clinical trial sites continue to be opened to support enrollment. Results from the higher dose groups are expected in 2021.
IFX-1 in ANCA-associated vasculitis (AAV): In the US IXPLORE study, all patients have completed treatment. Data is expected in the first half of 2021. In the European Phase II IXCHANGE trial, Part 2 continues to enroll patients, with approximately half of the targeted 25 patients enrolled. Final results are expected in 2021.
IFX-1 in oncology: Activities are ongoing for the Phase IIa oncology program, with expected initiation in the first half of 2021.
Financial highlights–Q32020
Research and development expenses incurred for the nine months ended September 30, 2020 decreased over the corresponding period in 2019 by €13.7 million. This decline was primarily due to lower contribution of expense in the period from the Phase IIb clinical development of IFX-1 in HS since this study was completed in 2019, offset by the COVID-19 trial expenses. These two factors led to €6.6 million of lower manufacturing costs which contributed to an overall decline in third-party expenses of €11.5 million. The €2.0 million decrease in personnel expenses is mainly caused by equity-settled share-based compensation.
General and administrative expenses decreased by €3.4 million to €6.1 million for the nine months ended September 30, 2020, from €9.4 million for the nine months ended September 30, 2019. This decrease is largely attributable to lower expenses associated with equity-settled share-based compensation recognized in personnel expenses (€3.0 million). Furthermore, legal, consulting and other expenses decreased by €0.4 million to €3.2 million for the nine months ended September 30, 2020, from €3.6 million for the nine months ended September 30, 2019. In 2019, consulting expenses were higher due to a one-time strategic project in June 2019. Other expenses in 2020 include increased D&O insurance costs compared to the respective nine month period in 2019.
Net financial result decreased by €2.7 million to €0.6 million for the nine months ended September 30, 2020, from €3.3 million for the nine months ended September 30, 2019. This decrease is mainly attributable to higher foreign exchange losses, which increased by €1.7 million partially compensated with foreign exchange gains (€0.5 million) while interest on marketable securities declined by €1.5 million.
Net loss for the nine months ended September 30, 2020 was €25.1 million , compared to €39.6 million for the nine months ended September 30, 2019. On September 30, 2020, the Company’s total funds available were approximately €95.7 million, composed of cash and cash equivalents (€44.8 million) and financial assets (€50.8 million).
Net cash used in operating activities decreased to €26.8 million in the nine months ended September 30, 2020, from €27.0 million in the nine months ended September 30, 2019. The decrease of cash expenses, such as third-party expenses for manufacturing and clinical trials for our lead program IFX-1 was nearly offset by €12.3 million lower payments on trade liabilities in the nine months ended September 30, 2019.
Additional information regarding these results and other relevant information is included in the notes to the unaudited Condensed Consolidated Financial Statements as of September 30, 2020, as well as the financial statements as of December 31, 2019 in “ITEM 18. Financial statements,” which is included in InflaRx’s Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (SEC).
InflaRx N.V. and subsidiariesUnaudited Condensed Consolidated Statements of Operations andComprehensive Loss for the three and nine months ended September 30, 2020 and 2019
For the three months endedSeptember 30,
For the nine months endedSeptember 30,
(in €, except for share data)
2020(unaudited)
2019(unaudited)
2020(unaudited)
2019(unaudited)
Operating Expenses
Research and development expenses
(5,246,536
)
(13,405,646
)
(19,901,661
)
(33,598,018
)
General and administrative expenses
(1,166,070
)
(2,490,245
)
(6,057,767
)
(9,439,080
)
Total Operating Expenses
(6,412,606
)
(15,895,891
)
(25,959,428
)
(43,037,098
)
Other income
3,471
126,559
200,763
194,261
Other expenses
(13
)
(838
)
(9,184
)
(83,907
)
Operating Result
(6,409,148
)
(15,770,170
)
(25,767,849
)
(42,926,744
)
Finance income
1,325,367
2,029,992
3,593,803
4,527,952
Finance expenses
(1,775,183
)
(761,268
)
(2,951,147
)
(1,211,366
)
Net Financial Result
(449,816
)
1,268,725
642,656
3,316,586
Loss for the Period
(6,858,964
)
(14,501,446
)
(25,125,193
)
(39,610,157
)
Share Information
Weighted average number of shares outstanding
27,733,778
25,982,754
26,674,233
25,970,571
Loss per share (basic/diluted)
(0.25
)
€ (0.56)
(0.94
)
€ (1.53)
Loss for the Period
(6,858,964
)
(14,501,446
)
(25,125,193
)
(39,610,157
)
Other comprehensive income (loss) that may be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of foreign currency
(3,022,687
)
4,988,141
(2,761,792
)
5,683,610
Total Comprehensive Loss
(9,881,651
)
(9,513,305
)
(27,886,985
)
(33,926,548
)
InflaRx N.V. and subsidiariesUnaudited Condensed Consolidated Statements of Financial Positionas of September 30, 2020 and December 31, 2019
in €
September 30,2020(unaudited)
December31,2019
ASSETS
Non-current assets
Property, plant and equipment
467,937
576,373
Right-of-use assets
623,452
836,924
Intangible assets
379,811
452,400
Other assets
385,837
452,217
Financial assets
272,448
272,614
Total non-current assets
2,129,485
2,590,528
Current assets
Other assets
3,794,075
3,500,884
Financial assets
50,563,814
82,353,867
Cash and cash equivalents
44,834,089
33,131,280
Total current assets
99,191,977
118,986,031
TOTAL ASSETS
101,321,462
121,576,558
EQUITY AND LIABILITIES
Equity
Issued capital
3,387,410
3,132,631
Share premium
220,289,876
211,006,606
Other capital reserves
26,039,651
25,142,213
Accumulated deficit
(159,487,199
)
(134,362,006
)
Other components of equity
(534,564
)
2,227,228
Total equity
89,695,174
107,146,673
Non-current liabilities
Lease liabilities
123,053
330,745
Other non-financial liabilities
35,488
39,013
Total non-current liabilities
158,541
369,758
Current liabilities
Trade and other payables
9,998,452
12,413,662
Lease liabilities
511,652
515,203
Employee benefits
799,812
975,629
Social security, other taxes and other non-financial liabilities
121,830
105,634
Provisions
36,000
50,000
Total current liabilities
11,467,747
14,060,128
Total Liabilities
11,626,288
14,429,886
TOTAL EQUITY AND LIABILITIES
101,321,462
121,576,558
InflaRx N.V. and subsidiariesUnaudited Condensed Consolidated Statements of Changes in Shareholders’ Equityfor the nine months ended September 30, 2020 and 2019
(in €, except for share data)
Issuedcapital
Sharepremium
Othercapitalreserves
Accumulateddeficit
Othercomponentsof equity
Totalequity
Balance as ofJanuary 1, 2020
3,132,631
211,006,606
25,142,213
(134,362,006
)
2,227,228
107,146,673
Loss for the period
—
—
—
(25,125,193
)
—
(25,125,193
)
Exchange differences on translation of foreign currency
—
—
—
—
(2,761,792
)
(2,761,792
)
Total comprehensive loss
—
—
—
(25,125,193
)
(2,761,792
)
(27,886,985
)
Contributions
Issuance of common shares
234,982
9,535,961
—
—
—
9,770,943
Transaction costs
—
(729,841
)
—
—
—
(729,841
)
Equity-settled share-based payments
—
—
897,438
—
—
897,438
Share options exercised
19,797
477,149
—
—
—
496,946
Total Contributions
254,779
9,283,269
897,438
—
—
10,435,486
Balance as ofSeptember 30, 2020
3,387,410
220,289,876
26,039,651
(159,487,199
)
(534,564
)
89,695,174
Balance as of January 1, 2019
3,115,725
211,021,835
18,310,003
(81,107,188
)
50,196
151,390,571
Loss for the period
—
—
—
(39,610,157
)
—
(39,610,157
)
Exchange differences on translation of foreign currency
—
—
—
—
5,683,610
5,683,610
Total comprehensive loss
—
—
—
(39,610,157
)
5,683,610
(33,926,547
)
Contributions
Equity-settled share-based pay-ments
—
—
5,689,367
—
—
5,689,367
Share options exercised
16,905
(15,229
)
—
—
—
1,676
Total Contributions
16,905
(15,229
)
5,689,367
—
—
5,691,043
Balance as of September 30, 2019
3,132,631
211,006,606
23,999,370
(120,717,345
)
5,733,805
123,155,067
InflaRx N.V. and subsidiariesUnaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2020 and 2019
in €
For the nine monthsended September 30, 2020(unaudited)
For the nine monthsended September 30, 2019(unaudited)
Operating activities
Loss for the period
(25,125,193
)
(39,610,157
)
Adjustments for:
Depreciation & amortization of property, plant, equipment, right-of-use assets and intangible assets
533,687
485,822
Net financial result
(642,656
)
(3,316,586
)
Share-based payment expense
897,438
5,689,367
Net foreign exchange differences
(869,402
)
(345,347
)
Other non-cash adjustments
—
59,958
Changes in:
Other assets
(226,811
)
(1,233,165
)
Employee benefits
(191,042
)
(14,316
)
Social security and other current non-financial liabilities
13,896
(205,175
)
Trade and other payables
(2,415,210
)
9,859,875
Interest received
1,238,643
1,653,617
Interest paid
(15,546
)
(19,822
)
Net cash used in operating activities
(26,802,196
)
(26,995,930
)
Investing activities
Purchase of intangible assets, laboratory and office equipment
(83,855
)
(622,265
)
Purchase of non-current other financial assets
—
(75,543
)
Purchase of current financial assets
(68,169,518
)
40,539,826
Proceeds from the maturity of financial assets
97,465,290
(42,688,210
)
Net cash from/ (used in) investing activities
29,211,918
(2,846,193
)
Financing activities
Proceeds from issuance of common shares
9,770,944
—
Transaction costs from issuance of common shares
(729,841
)
—
Proceeds from exercise of share options
496,946
1,676
Repayment of lease liabilities
(275,323
)
(209,176
)
Net cash from/ (used in) financing activities
9,262,726
(207,500
)
Net increase/(decrease) in cash and cash equivalents
11,672,447
(30,049,623
)
Effect of exchange rate changes on cash and cash equivalents
30,362
1,673,191
Cash and cash equivalents at beginning of period
33,131,280
55,386,240
Cash and cash equivalents at end of period
44,834,089
27,009,808
About IFX-1:
IFX-1 is a first-in-class monoclonal anti-human complement factor C5a antibody, which highly and effectively blocks the biological activity of C5a and demonstrates high selectivity towards its target in human blood. Thus, IFX-1 leaves the formation of the membrane attack complex (C5b-9) intact as an important defense mechanism, which is not the case for molecules blocking the cleavage of C5. IFX-1 has been demonstrated to control the inflammatory response driven tissue and organ damage by specifically blocking C5a as a key “amplifier” of this response in pre-clinical studies. IFX-1 is believed to be the first monoclonal anti-C5a antibody introduced into clinical development. Approximately 300 people have been treated with IFX-1 in clinical trials, and the antibody has been shown to be well tolerated. IFX-1 is currently being developed for various indications, including Hidradenitis Suppurativa, ANCA-associated vasculitis, Pyoderma Gangraenosum and COVID-19 pneumonia.
About InflaRx N.V.:
InflaRx (Nasdaq: IFRX) is a clinical-stage biopharmaceutical company focused on applying its proprietary anti-C5a technology to discover and develop first-in-class, potent and specific inhibitors of C5a. Complement C5a is a powerful inflammatory mediator involved in the progression of a wide variety of autoimmune and other inflammatory diseases. InflaRx was founded in 2007, and the group has offices and subsidiaries in Jena and Munich, Germany, as well as Ann Arbor, MI, USA. For further information please visit www.inflarx.com.
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “believe,” “estimate,” “predict,” “potential” or “continue” and similar expressions. Forward-looking statements appear in a number of places throughout this release and may include statements regarding our intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, our ongoing and planned preclinical development and clinical trials; the impact of the COVID-19 pandemic on the Company; the timing and our ability to commence and conduct clinical trials; potential results from current or potential future collaborations; our ability to make regulatory filings, obtain positive guidance from regulators, and obtain and maintain regulatory approvals for our product candidates; our intellectual property position; our ability to develop commercial functions; expectations regarding clinical trial data; our results of operations, cash needs, financial condition, liquidity, prospects, future transactions, growth and strategies; the industry in which we operate; the trends that may affect the industry or us and the risks uncertainties and other factors described under the heading “Risk Factors” in InflaRx’s periodic filings with the Securities and Exchange Commission. These statements speak only as of the date of this press release and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements, and we assume no obligation to update these forward-looking statements, even if new information becomes available in the future, except as required by law.
… the treatment of the chronic disabling skin disease Hidradenitis Suppurativa (HS). Avacopan is a first-in-class, orally-administered selective inhibitor …
The failure of Inflarx’s IFX-1 had already sown doubts about Chemocentryx’s similarly acting lead project, avacopan, in the skin disease hidradenitis suppurativa. Now it seems Chemocentryx is going to ignore a new red flag: despite the phase II Aurora study of avacopan being a bust, the company is pushing into phase III.
The group will no doubt point to the fact that it saw a signal in more severe patients as a reason for continuing development in this population. Chemocentryx has plenty of cash to fund another trial, but maybe its money would be more wisely spent running another small phase II study in severe patients, or indeed advancing other pipeline projects.
Aurora fails to shine
Chemocentryx attempted to spin the Aurora trial as a success, with its press release heralding “positive” topline data. But in fact this failed to meet its primary endpoint, the proportion of patients achieving hidradenitis suppurativa clinical response (HiSCR) at week 12. This was true of both twice-daily doses studied, 10mg and 30mg, with placebo subjects doing numerically better than those on the lower dose.
But the company claimed a statistically “significant improvement” with the higher dose in the more severe patients enrolled, those with Hurley Stage III disease. However, even if this subgroup was prespecified, as Chemocentryx asserted, such a finding can still only be considered exploratory given the failure of the primary endpoint.
And the result came in a fairly small number of patients. Around 35% of those in Aurora were classed as Hurley stage III, while around 65% had less severe Hurley stage II disease.
Proportion of patients achieving HiSCR in Aurora
Placebo
Avacopan 10mg BID
Avacopan 30mg BID
All patients
31%
22%
35%
Hurley Stage II
35%
21%
31%
Hurley Stage III
22%
24%
43%*
*Nominal p value of 0.0349. HiSCR response is defined as a ≥50% reduction in inflammatory lesion count and no increase in abscesses or draining fistulas. Source: company release.
This has not deterred Chemocentryx – the company will now focus on Hurley stage III patients. But the market was unimpressed, with the group’s stock opening down 12% today.
Leerink analysts were inexplicably positive about the data: while they acknowledged that “some investors may be disappointed”, they added that the “results seem to be pointing in the right direction”. They increased their probability of success for avacopan in hidradenitis suppurativa from 40% to 50%.
And it is not like Chemocentryx does not have other irons in the fire. Avacopan is awaiting US approval in another indication, ANCA-associated vasculitis, after positive phase III data last year (Chemocentryx soars on superior avacopan, November 26, 2019).
And more results with the project are coming soon, from the Accolade trial in C3 glomerulopathy.
Still, hidradenitis suppurativa would be a lucrative prize. The only approved therapy is Abbvie’s Humira, which has only moderate efficacy yet still brings in over $1bn per year in the disorder, according to Chemocentryx.
But even if it gets a win in phase III, the company will only be able to target the 35,000-50,000 US patients with severe disease, rather than the overall population of around 200,000. Victory is far from assured.
Selected mid to late-stage industry-sponsored trials in hidradenitis suppurativa
https://i0.wp.com/higenix.com/wp-content/uploads/2020/10/Leap of faith.jpeg?fit=7500%2C5000&ssl=150007500Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-30 16:16:452020-10-30 16:16:45Chemocentryx takes a leap of faith with avacopan
ChemoCentryx Inc. (NASDAQ:CCXI) went down by -7.94% from its latest closing price compared to the recent 1-year high of $65.43. The company’s stock price has collected 0.38% of gains in the last five trading sessions. Press Release reported 18 hours ago that ChemoCentryx Announces Positive Topline Results of Phase II AURORA Clinical Trial of Avacopan in the Treatment of Hidradenitis Suppurativa (HS)
Is It Worth Investing in ChemoCentryx Inc. (NASDAQ :CCXI) Right Now?
Plus, the 36-month beta value for CCXI is at 1.69.
CCXI currently public float of 52.44M and currently shorts hold a 10.44% ratio of that float. Today, the average trading volume of CCXI was 576.70K shares.
CCXI’s Market Performance
CCXI stocks went up by 0.38% for the week, with a monthly drop of -2.41% and a quarterly performance of -4.69%, while its annual performance rate touched 514.59%. The volatility ratio for the week stands at 8.04% while the volatility levels for the past 30 days are set at 5.39% for ChemoCentryx Inc.. The simple moving average for the period of the last 20 days is -14.60% for CCXI stocks with a simple moving average of -6.64% for the last 200 days.
Analysts’ Opinion of CCXI
Many brokerage firms have already submitted their reports for CCXI stocks, with JP Morgan repeating the rating for CCXI by listing it as a “Neutral.” The predicted price for CCXI in the upcoming period, according to JP Morgan is $60 based on the research report published on October 29th of the current year 2020.
BTIG Research, on the other hand, stated in their research note that they expect to see CCXI reach a price target of $70. The rating they have provided for CCXI stocks is “Buy” according to the report published on June 17th, 2020.
Wells Fargo gave a rating of “Overweight” to CCXI, setting the target price at $79 in the report published on May 27th of the current year.
CCXI Trading at -10.43% from the 50-Day Moving Average
After a stumble in the market that brought CCXI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.50% of loss for the given period.
Volatility was left at 5.39%, however, over the last 30 days, the volatility rate increased by 8.04%, as shares sank -12.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.83% lower at present.
During the last 5 trading sessions, CCXI fell by -13.10%, which changed the moving average for the period of 200-days by +26.91% in comparison to the 20-day moving average, which settled at $55.96. In addition, ChemoCentryx Inc. saw 32.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCXI starting from Vifor (International) Ltd, who sale 49,258 shares at the price of $53.93 back on Aug 03. After this action, Vifor (International) Ltd now owns 9,194,085 shares of ChemoCentryx Inc., valued at $2,656,655 using the latest closing price.
Vifor (International) Ltd, the 10% Owner of ChemoCentryx Inc., sale 40,402 shares at $52.39 during a trade that took place back on Jul 31, which means that Vifor (International) Ltd is holding 9,243,343 shares at $2,116,825 based on the most recent closing price.
Stock Fundamentals for CCXI
Current profitability levels for the company are sitting at:
-161.38 for the present operating margin
The net margin for ChemoCentryx Inc. stands at -153.59. The total capital return value is set at -95.33, while invested capital returns managed to touch -91.86. Equity return is now at value -19.60, with -10.30 for asset returns.
Based on ChemoCentryx Inc. (CCXI), the company’s capital structure generated 33.11 points at debt to equity in total, while total debt to capital is 24.87. Total debt to assets is 10.45, with long-term debt to equity ratio resting at 30.83. Finally, the long-term debt to capital ratio is 23.16.
When we switch over and look at the enterrpise to sales, we see a ratio of 58.11, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 32.34 and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.95.
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https://i1.wp.com/higenix.com/wp-content/uploads/2020/10/Image-107.png?fit=640%2C426&ssl=1426640Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-30 15:14:192020-10-30 15:14:19ChemoCentryx Inc. (CCXI) Just Got Our Attention
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Medications
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Novartis AG is expanding its position in the optogenetics space with the acquisition of Vedere Bio Inc., bringing with it a program aimed at vision loss prevention and treatment. Vedere shareholders received $150 million up front and are eligible for up to $130 million in milestone payments, bringing the total to $280 million. The acquired cell and gene therapy technologies include light-sensing proteins for use in the retina and the delivery vectors to get them there. The optogenetics technology is based on work done by Cambridge, Mass.-based Vedere’s scientific founders at the University of California, Berkeley and technology for studying ocular gene therapy delivery developed at Berkeley and the University of Pennsylvania’s school of veterinary medicine.
Aurora phase II results mixed with avacopan in HS; Chemocentryx moving ahead
Chemocentryx Inc. disclosed long-awaited, COVID-19-delayed top-line data from the company’s phase II Aurora study with avacopan for hidradenitis suppurativa (HS). The first-in-class oral complement C5a receptor inhibitor turned up statistically significant, dose-dependent improvement on the HS Clinical Response scale vs. placebo in Hurley stage III (severe HS) patients at 12 weeks, yielding numerical improvement in the overall study population, but missed the primary endpoint: clinical response in all patients, moderate Hurley stage II as well as severe. Chemocentryx said the findings provide a path forward for avacopan in HS, also called acne inversa, a disabling autoimmune skin disease characterized by recurrent, painful nodules, boils and abscesses. As Wall Street sorted the data, company shares (NASDAQ:CCXI) were trading midday at $49, down $3.24.
Tricida shares docked as FDA seeks evidence of veverimer CKD impact
Shares of Tricida Inc. (NASDAQ:TCDA) fell 47% by midday after it said the FDA would require data on how veverimer, its investigational therapy for metabolic acidosis, impacts renal disease progression to support an accelerated approval. The news followed a complete response letter for the NDA in August. Company president and CEO Gerrit Klaerner called the data requirement “a major setback” to the timeline for veverimer’s development and announced a significant reduction in Tricida’s headcount to extend its financial runway.
Bio-Europe: Taking stock of the COVID-19 pipeline
DUBLIN – The global product development pipeline for COVID-19 is now twice as big as for any particular cancer indication, a major disease like Alzheimer’s or any other infectious disease indication. Since the virus sequence became available in January, 808 development programs have been initiated, David Thomas, BIO’s vice president of industry research, said during a virtual Bio-Europe session on COVID-19 therapeutics. Small companies have been to the fore in populating that pipeline. “Seventy-three percent of these drugs originate in small companies. Even though the larger companies are, a lot of the time, driving the phase III trials, if you dig deep enough, they are actually originating from small companies. Fifty-two percent of the programs originate in the U.S.; China comes next with six percent, while Germany, the U.K. and Switzerland are also active.
Many genes with weak effects are key to drug response, too
CYBERSPACE – “We are not very good at predicting drug response in the clinic,” Ayesha Muhammad told the audience at the 2020 annual meeting of the American Society of Human Genetics (ASHG), “though it is not for lack of trying.” Nevertheless, adverse drug reactions are among the top 10 causes of in-hospital mortality. At a Thursday platform session, Muhammad, who is a graduate student at Vanderbilt University, described attempts to improve genome-based predictions to drug responses by assuming that the response to drugs is much like other complex genetic traits. That is, it is best predicted not by focusing on large effects of a few genes, but teasing out weaker effects of a larger group of candidates.
CDC: Complexity, sales factor in generic development
The simpler a new chemical entity (NCE), and the more revenue it generates, the more likely it is to face generic competition as soon as its U.S. patents and exclusivity expire. While those findings from an FDA Center for Drug Evaluation and Research (CDER) investigation into the factors influencing generic competition aren’t surprising, they do put some numbers to the brands that probably will be targeted by generics. For instance, abbreviated new drug applications were nearly four times more likely to be submitted referencing NCEs with annual revenues greater than $250 million for up to a four-year period after approval than for a product generating sales of less than $10 million, according to the CDER researchers.
https://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.png00Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-30 13:09:232020-10-30 13:09:23Novartis sees the light, acquiring Vedere for $280M | 2020-10-29
ChemoCentryx Inc. [CCXI] has traded in a range of $7.61 to $65.43 in the last 1 year. As of this writing, the stock is at $48.42, down -7.31%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, CCXI shares are 0.38% up with the monthly amount drift of -2.41% and seems bad in a long time frame.
On 28, October 2020, ChemoCentryx Announces Positive Topline Results of Phase II AURORA Clinical Trial of Avacopan in the Treatment of Hidradenitis Suppurativa (HS). According to news published on Yahoo Finance, — Avacopan demonstrates statistically significant dose-dependent improvement in HiSCR (Hidradenitis Suppurativa Clinical Response) vs. placebo in pre-specified Hurley Stage III (severe HS) patients at 12 weeks; numerical improvement observed with avacopan treatment in overall study population –.
Analyst Birdseye View:
The most recent analyst activity for ChemoCentryx Inc. [NASDAQ:CCXI] stock was on June 17, 2020, when it was Initiated with a Buy rating from BTIG Research, which also raised its 12-month price target on the stock to $70. Before that, on October 29, 2020, JP Morgan Recapitulated a Neutral rating and elevated its amount target to $60. On May 27, 2020, Wells Fargo Initiated an Overweight rating and boosted its price target on this stock to $79. On May 12, 2020, H.C. Wainwright Reiterated a Buy rating and increased its price target from $60 to $69. On January 24, 2020, H.C. Wainwright Reiterated a Buy rating and increased its price target to $60. On November 26, 2019, Piper Jaffray Reiterated an Overweight rating and boosted its amount target on this stock to $54. On November 26, 2019, H.C. Wainwright Reiterated a Buy rating and boosted its target amount on this stock from $23 to $40. On March 27, 2019, B. Riley FBR Upgrade a Buy rating and improved its amount target to $22.
In the past 52 weeks of trading, this stock has oscillated between a low of $7.61 and a peak of $65.43. Right now, the middling Wall Street analyst 12-month amount mark is $73.00. At the most recent market close, shares of ChemoCentryx Inc. [NASDAQ:CCXI] were valued at $48.42. According to the average price forecast, investors can expect a potential return of -5.14%.
FUNDAMENTAL ANALYSIS
ChemoCentryx Inc. [NASDAQ:CCXI] most recently reported quarterly sales of 49.44 billion, which represented growth of 586.10%. This publicly-traded organization’s revenue is $440,585 per employee, while its income is -$676,695 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -28.28, -137.40, -95.33 and -91.86 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 24.87 and the whole liability to whole assets at 10.45. It shows enduring liability to the whole principal at 23.16 and enduring liability to assets at 0.10 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 50.35 points at 1st support level, the second support level is making up to 48.47. But as of 1st resistance point, this stock is sitting at 53.62 and at 55.01 for 2nd resistance point.
ChemoCentryx Inc. [CCXI] reported its earnings at $0.29 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.34/share signifying the difference of 0.63 and 185.30% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.35 calling estimates for -$0.3/share with the difference of -0.05 depicting the surprise of -16.70%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for ChemoCentryx Inc. [NASDAQ:CCXI] is 9.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 2.92. Now if looking for a valuation of this stock’s amount to sales ratio it’s 62.29 and it’s amount to book ratio is 36.09.
Insider Stories
The most recent insider trade was by Vifor (International) Ltd, 10% Owner, and it was the sale of 49258.0 shares on Aug 03. Vifor (International) Ltd, the 10% Owner, completed a sale of 40402.0 shares on Jul 31. On Jul 30, Vifor (International) Ltd, 10% Owner, completed a sale of 48081.0 shares.
https://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.png00Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-30 12:08:212020-10-30 12:08:21Don’t Let Recent momentum Confuse Your Outlook on ChemoCentryx Inc. [CCXI]
https://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.png00Stevehttps://higenix.com/wp-content/uploads/2018/09/higenix-hs-treatment.pngSteve2020-10-30 11:07:442020-10-30 11:07:44New HS light dawning in Aurora, Chemocentryx heads for phase III
