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Stock impact report

Allakos: Successful Midstage Trial Leads To Too High A Valuation [Seeking Alpha]

Allakos Inc. (ALLK) 
Last allakos inc. earnings: 11/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.allakos.com/investor-relations
Company Research Source: Seeking Alpha
Allakos: Successful Midstage Trial Leads To Too High A Valuation Allakos ( ALLK refers Last year, around the time of its IPO, somebody said that $40 is too high a price to pay for ALLK because it didn’t have a product and was far away from the market. So, we need to figure out: why was he proven wrong, and what makes this stock tick? Is this movement sustainable? Can new investors get a better entry price? How would the stock’s potential be like nearing approval? It seems that the principal support behind ALLK has been its proximity to Roche ( OTCQX:RHHBY AZN AK002 can get first past the post in getting orphan drug designation and perhaps a fast track. The company took advantage of the recent positive data readout and upsized the originally planned $200 million worth of shares to $350 million worth of shares. The market also moved high enough for it to price the offering at $77, slightly below the market bid. The next two years will see a catalyst every 4-5 months. Catalyst Top line d Show less Read more
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