Algernon Pharmaceuticals Inc. C.AGN

Why the weakness today?

[rico91]

Anyone have any reasons why the weakness today?
Rico

[Profit79]

I think lots of market uncertainty as seen in iother sectors. I actually took todays pullback to buy quite a bit more of this one. My 2nd largest position in my portfolio. 

[Alex1967]

I think it might have something to do with: BUZZ medical announced that they filed an application with the U.S. Food and Drug Administration ("FDA") to receive Orphan Drug Designation ("ODD") for N,N-Dimethyltryptamine ("DMT") in the treatment of acute ischemic stroke patients presenting for emergency medical assistance within 3-hours of symptom onset. This is BS

[Alex1967]

FDA link https://www.cdc.gov/stroke/facts.htm#:~:text=Every%20year%2C%20more%20than%20795%2C000%20people%20in%20the,blood%20flow%20to%20the%20brain%20is%20blocked.%202

[Mole101]

The markets are down today and some profit taking, We are going into the long weekend and not like news .. and three weeks yoll rmd of the month. It will pick up pace next week ..IMO  quote=Alex1967]FDA link https://www.cdc.gov/stroke/facts.htm#:~:text=Every%20year%2C%20more%20than%20795%2C000%20people%20in%20the,blood%20flow%20to%20the%20brain%20is%20blocked.%202[/quote]  

[TheBearInTheWoods]

If these guy had anything they wouldn't be changing an endpoint after a trial nor would they be pivoting to DMT. Smart money will use this retail pump to exit.

[Mole101]

I can't agree with you on that point Bear..they are not changing end point , they are adding ...they are not pivoting to DMT ( they beat another company to the call).. I'm invested in about 8 startup biotech  and 7 of them were down today , it wasn't a good day overall .. the SP will head up into the .40/.50s ... and how the news  comes it will dictate the future 

[294ever]

Funny..... Bear in the woods are you actually invested in this company? Is your opinion that of a disgruntled investor? Or do you really have nothing better to do?   If it's the latter I'll say with all due respect.... go back to ARCH  9200 shares traded today wasn't it? Their patent clearly getting the respect it deserves lol  

[Laliberte2020]

Smart money isn't so smart if, according to you, we have no patents. So they shouldn't be here in the first place. Think you got too far into the woods now...

[TheBearInTheWoods]

  Premarket doesn't look pretty !!

[TheBearInTheWoods]

  This was at .35 btw, but I was called a basher .... have a great weekend