Moshe Arkin Reported 10.09% Stake in Eiger Biopharmaceuticals In 13D; Sent Letter To Board Indicating Eiger Should File NDA For Lonafarnib
Portfolio Pulse from Charles Gross
Moshe Arkin has reported a 10.09% stake in Eiger Biopharmaceuticals and sent a letter to the board suggesting that the company should file a New Drug Application (NDA) for Lonafarnib, a potential treatment in their pipeline.
November 24, 2023 | 11:16 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Moshe Arkin's reported 10.09% stake and recommendation to file an NDA for Lonafarnib could signal confidence in Eiger Biopharmaceuticals' potential, possibly affecting the company's stock positively in the short term.
The acquisition of a significant stake by an investor like Moshe Arkin often indicates a strong belief in the company's future prospects, which can be a positive signal to the market. His push for the NDA filing of Lonafarnib suggests that he sees potential in this treatment, which could lead to increased investor interest and a potential rise in stock price in the short term. However, the actual impact will depend on market perception and the company's response to the recommendation.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100