I know its been a tough winter since we struck gold on BBBY in August. but the time is neigh for another wellspring of chicken nuggets!!!!PRVBProvention Bio is coming out with a type 1 diabetes drug and has given Sanofi and an exclusive, one-time right of first negotiation (ROFN) to obtain exclusive global rights to commercialize teplizumab for Type 1 diabetes indications in humanspursuant of course to FDA approval.which it got in Nov.wellllllll”Simultaneous with their entry into the co-promotion agreement, the Company and Sanofi entered into a Securities Purchase Agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, if teplizumab is approved by the FDA, Sanofi has agreed to purchase $35 million of the Company’s common stock at a premium over the daily volume-weighted average per share price for the five consecutive trading days prior to the closing date. The closing date will be at Provention’s discretion and would occur no later than February 16, 2023.” <——- That part right therethis 9 dollar stock (which was 8 yesterday) has a little over a month til it gets 36 MILLION PUMPED INTO IT AT ONCE!!!!!of course i’m not a financial advisor, do your own DD (lol what is that??)https://www.prnewswire.com/news-releases/provention-bio-to-combine-forces-with-sanofi-to-support-potential-us-launch-of-teplizumab-for-delay-in-onset-of-clinical-type-1-diabetes-t1d-in-at-risk-individuals-301642021.htmltheres the link if you can and do decide to read.
