20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Kamada Ltd (NASDAQ:KMDA) has announced top-line results from its Phase 1/2 trial in Israel evaluating plasma-derived hyperimmune globulin (IgG) treatment for COVID-19.
- Kamada had announced the interim results from the study in September last year.
- A total of 12 eligible patients were enrolled and received a single dose of 4 grams within three to 10 days of initial symptoms. The patients were followed for 84 days post-treatment.
- As previously reported, 11 of the 12 patients recovered following the treatment. Seven patients were discharged from the hospital at or before day five post-treatment, and the remaining four patients were discharged by day 9.
- Following the infusion of the product, anti-SARS CoV-2 IgG levels in the plasma of all patients increased.
- The effect of the treatment on neutralization activity is further analyzed. However, interim data demonstrated that the IgG level increase was associated with enhanced neutralization activity.
- The treatment showed a favorable safety profile, and there were no infusion-related reactions or adverse events.
- Two serious adverse events in the study were reported. Both were considered not related to the study drug.
- One patient died on day 37 post-treatment due to complications from COVID-19.
- One patient was diagnosed post-discharge with pulmonary embolism on day 7 of the study. The patient was re-hospitalized, treated with anticoagulation therapy, recovered within two days.
- The initial order from the Israeli Ministry of Health for the product is sufficient to treat approximately 500 hospitalized patients and is expected to generate roughly $3.4 million in revenue for Kamada.
- Israeli Ministry of Health is conducting a clinical study comparing Kamada's product to convalescent plasma in hospitalized patients.
- Though earlier this month, the National Institutes of Health halted a trial evaluating the safety and effectiveness of COVID-19 convalescent plasma as it found no benefit.
- Price Action: KMDA shares are trading 1.82% higher at $6.14 in premarket trading on the last check Wednesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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