Insiders Snap Up $54M in Biotech and Offshore Driller Stocks
In the past week or so, some public offerings prompted huge insider buying. However, these were not the only notable insider purchases recently.
Headquartered in Boston, MA Fiscal year ends December NASDAQ: PEPG pepgen.com
PepGen Inc. is a clinical-stage biotechnology company developing next-generation oligonucleotide therapies for severe neuromuscular and neurological diseases. The company's proprietary Enhanced Delivery Oligonucleotide (EDO) platform leverages cell-penetrating peptides to improve the uptake and nuclear delivery of conjugated oligonucleotide therapeutics, addressing a key limitation of prior approaches. PepGen's lead candidate, PGN-EDODM1, is being developed for myotonic dystrophy type 1 (DM1), a genetic disease affecting more than 110,000 patients in the U.S. and EU with no approved disease-modifying therapies. PGN-EDODM1 has received Orphan Drug and Fast Track Designations from the FDA and Orphan Designation from the EMA. The company is also exploring its EDO platform in other genetic conditions, including Charcot-Marie-Tooth disease. PepGen is pre-revenue with no approved products and trades on Nasdaq under the ticker PEPG. Updated
In the past week or so, some public offerings prompted huge insider buying. However, these were not the only notable insider purchases recently.
A beneficial owner stepped up and took a controlling stake in a struggling retailer, while public offerings of stock prompted insider buying at some biotech companies.
PepGen Inc. is a clinical-stage biotechnology company developing next-generation oligonucleotide therapies for severe neuromuscular and neurological diseases.
The Wall Street consensus 12-month price target for PEPG is $10.19.