June 14th Biotech Update

The market is a mess.  We had treasuries invert on Friday, which is a favorite signal of an impending recession.  To be fair the treasury inversion over predicts recessions and so there have been many instances where nothing happened after an inversion.  All that being said rising rates and high inflation is probably bound to […]

December 22nd Biotech Update

It seems to me that the sector is settling into a lull with the markets as we get to Christmas and then New Years.  We managed to get out a small rally yesterday and have the chance to do it again today as we start red.  While I would like to see more momentum to […]

December 6th Biotech Update

We started lower this morning which is not that bad.  I think if we rallied off the start then we likely give it up but a dip to flush out the frustrated traders (and let us be honest that is all of us at this point) might clear the deck for a really rally later […]

June 8th Biotech Update

So I sort of missed a lot but not really.  Obviously I was driving as the biggest binary in recent memory dropped but ASCO was pretty uneventful and the sector is basically still in the same range as when I left.  I would hope that the BIIB news will at least get the sector to […]

Perimeter Medical Imaging AI Update – Thesis advancing to fruition

Perimeter Medical Imaging AI (PINK.v, PYNKF) is a Toronto-based company with U.S. headquarters in Dallas, Texas that is driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools. Giving physicians the ability to visualize microscopic tissue structures “real time” in the operating room has the potential to result in better long-term outcomes for patients […]

March 22nd Biotech Update

A more rigorous FDA.  Rising interest rates.  Rising COVID cases in the EU.  Lack of M&A.  A lot of clinical trial failures.  These are the list (probably not comprehensive) of the risks that have been used to explain the selloff in the sector.  None of these have gone away and yet we still have the […]

March 11th Biotech (and Energy) Update

I think we are clearly in what sort of looks like a bottoming process but one that seems like it will be quite messy.  The sector continues to be unable to generate consistently strong days but at least yesterday ended up not being a disaster.  While continuation would have been great, it did not breakdown […]

March 10th Biotech Update

We obviously got a nice rebound but I would not signal the all clear yet.  We have seen dead cat bounces during this pullback.  I will grant that this feels different in that we rallied really strong on a day that there was negative news (another FDA CRL) and rallying on the back of bad […]

March 5th Biotech (and Energy) Report

We are in an old fashion sell off.  Have we reached blood in the street/panic bottom yet?  It does not quite feel like that yet but we are so oversold we could have that bounce today.  If not then we are likely looking for a Tuesday reversal as markets generally do not bottom on Fridays.  […]

February 8th Biotech (and MLP) Update

We have moved past the large cap portion of the earnings with positive price action in the sector but less so in the companies that are reporting.  I do not believe that is related to the quality of the earnings as they were generally fine but more of a broader disconnect between large and SMID […]

Cardiol Therapeutics – Pharmaceutical-Grade CBD Entry to the Commercial Market in Canada and a US Phase 2/3 Covid Trial: The Revaluation is Coming

Cardiol Therapeutics (CRTPF) is a Canadian company trading on the Toronto Stock Exchange (the “TSX”) since December 2018 under the symbol CRDL and on the OTCQX under the symbol CRTPF. Cardiol is focused on producing pharmaceutical-grade cannabidiol (CBD) products and developing innovative therapies for heart diseases, targeting acute myocarditis and other causes of heart failure. […]

APLIF – Appili Therapeutics and Avigan, the Antiviral Pill to treat Coronavirus: The Clinical Strategy for EUA

Canada TSX: APLI, US OTCQX: APLIF We previously reported on the need for COVID-19 therapeutics, including in the post-vaccine world, Appili Therapeutics and Avigan the Antiviral Pill to Treat Coronavirus (link here).  Since the publication of that report, daily infections have only continued to rise, and nursing facilities and hospitals are facing an intensified crisis. […]

Perimeter, OTIS – Optical Coherence Tomography and the Future of AI in Surgical Breast Cancer Treatment

Perimeter Medical Imaging AI (PINK.v) is a Toronto-based company with U.S. headquarters in Dallas, Texas developing advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during cancer excision surgery. Perimeter has an innovative FDA 510(k) approved medical device, soon to launch commercially, that is ready to disrupt breast cancer surgery […]

October 15th Biotech (and MLP) Update

Not much to add as we gear up for earnings season and the sector basically following the broader market in its moves.  It looks like we are switching from setting the new higher high level to establishing the higher low level.  In other words, we are likely in the part of the uptrend where the […]

October 12 Biotech Update

We are not starting the week with new M&A but we are starting the week with strong momentum both with the sector and the broader market.  Of course, very strong broader markets have not necessarily been great in recent weeks for the sector but there is certainly a chance that we break to new highs.  […]