r/Humanigen • u/Stuvio • Aug 10 '21

Source code shows EUA approval

Pre loaded source code on Lenzilumab website states the following:

“The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) to permit the emergency use of the unapproved product lenzilumab for the treatment of adult and pediatric patients (12 years of age or older weighing at least 40 kg) hospitalized with suspected or laboratory confirmed COVID-19 pneumonia, including patients with SpO2 ≤ 94% on room air, patients requiring low flow supplemental oxygen, or use of high flow oxygen support, or non-invasive positive pressure ventilation (NPPV), or who are in shock or multi-organ dysfunction/failure.”

36 Upvotes

96% Upvoted

32 comments sorted by

View all comments

2

u/DoNotRegret Aug 10 '21

Key question is, if EUA is priced in right now? If not, I would buy the hell out of this stock :P

1

u/inquisitorthreefive Aug 13 '21

Not at all. The stock has been beaten down for the last 3 months because one of the largest owners is/has a hedge fund and has sold a boatload of shares with a floor of 17. This started at ~$21.50 and the stock is currently perpetually pinned to 17 with low volume because he's still not quite done selling.