Report
EUR 12.77 For Business Accounts Only

An unfavourable environment weighs on PRECIGEN, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of PRECIGEN (US), active in the Biotechnology industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date January 14, 2022, the closing price was USD 3.23 and its target price was estimated at USD 2.80.
Underlying
Precigen Inc

Precigen is a biopharmaceutical company. The company is utilizing proprietary technology platforms to develop product candidates designed to diseases in its core therapeutic areas of immuno-oncology, autoimmune disorders, and infectious diseases. The company is focusing on various product candidates through clinical trials, including UltraCAR-T therapies PRGN-3005, which targets the Mucin 16 antigen on the cell surface of ovarian and other peritoneal cancers, and PRGN-3006, which targets the CD33 antigen on the cell surface of acute myeloid leukemia, blasts, as well as AG013 and AG019, which are being investigated for the treatment of oral mucositis, and recent-onset type 1 diabetes mellitus, respectively.

Provider
TheScreener
TheScreener

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