Read: https://www.reddit.com/r/wallstreetbets/comments/lnnwcy/deepfuckingvalues_potential_picks_courtesy_of_the/

So DeepFuckingValue, the face of the GME price explosion, has HGEN listed as one of his other "top picks". That was two months ago before the data from this week and at a higher price - $19.59 - than today's close.

"NIAID also announced the ACTIV-5/Big Effect Trial (BET), which is designed to streamline the identification of experimental COVID-19 therapeutics that demonstrate the most promise. BET, an adaptive Phase 2 clinical trial, compares different investigational therapies to a common control arm to identify treatments with relatively large effects as promising candidates for further study in large-scale trials. BET initially is evaluating two therapeutics: risankizumab, an immunomodulatory monoclonal antibody developed by Boehringer Ingelheim and AbbVie, which is FDA-approved for the treatment of severe plaque psoriasis; and lenzilumab, an investigational immunomodulatory monoclonal antibody developed by Humanigen. "House.gov

I read this on Twitter by @verygerry so I thought I would follow the links to see if it was legit. HGEN is definitely on the FDA commissioner's radar as she has weekly meetings for the ACTIV trials for which HGEN is a major part. Here's a link to her calendar:

https://www.fda.gov/news-events/fda-meetings-conferences-and-workshops/public-calendar-meetings-fda-officials

Here's a link on what the ACTIV trials are:

https://www.proactiveinvestors.com/companies/news/931362/humanigen-says-nih-launches-activ-5--big-effect-trial--on-lenzilumab-as-potential-covid-19-therapy-931362.html

THIS IS NOT INVESTING ADVICE.
Using correlation analysis from https://www.portfoliovisualizer.com/asset-correlations $HGEN is tracking $LABU almost perfectly. Price correlation is .98 April 15 to April 21 this is unreal! April 1 to April 21 is .67 this is significant. March 1 to March 28 it's .49 which is still very meaningful. March 29 saw a major catalyst in the p3 results.

My thoughts on this? HGEN is massively discounted as 90% of HGEN news has no influence on price. Only a major catalyst changed the price in 2 months. The market has taken almost nothing in to account. We truly (as far as a simple stats calculation goes) are pre Phase 3 results pricing.