OncoGenex Pharmaceuticals (NASDAQ:OGXI)

CAPS Rating: 3 out of 5


Player Avatar zzlangerhans (99.85) Submitted: 7/30/2011 5:39:30 AM : Outperform Start Price: $14.24 OGXI Score: -116.67

After months of steady state, OncoGenex gapped up in May on an apparent burst of pre-ASCO excitement, only to steadily degrade below their prior trading range. I'm not expecting any major catalysts in the near term for OncoGenex. The SATURN phase III trial of OGX-011 as second-line treatment of CRPC and the SYNERGY phase III trial of OGX-011 + standard of care as first-line treatment in CRPC both began in mid-2010 and are unlikely to generate significant interim data in the near term. A phase III trial of OGX-011 (custirsen) in NSCLC and a phase II trial of OGX-427 in metastatic bladder cancer are planned for later this year. The cash position is solid and the burn rate has remained low. It could take a while, but I expect this pick to ultimately give me score leadership for OncoGenex.

Report this Post 2 Replies
Member Avatar zzlangerhans (99.85) Submitted: 3/12/2013 2:51:55 PM
Recs: 3

Holy spam attack, batman! I just bought 1000 shares at 12 for my first position ever in this company. Seems like it has to go up eventually ...

Member Avatar zzlangerhans (99.85) Submitted: 3/28/2013 3:01:26 PM
Recs: 1

Just added another 1000 shares at 11.5 for a total position of 2000 shares, cost basis 11.75.

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