TechandBio
7 days ago
Biofrontera AG has been sued by a USA competitor with the argument that Biofrontera infringes some competitors' lamps patents.
https://www.biofrontera.com/en/investors/financial-announcements/ad-hoc-news/pta-adhoc-biofrontera-ag-legal-dispute-on-import-in-the-usa-and-resulting-revised-outlook
Need to get this lawsuit Resolved a competitor is suing Biofronteria just stumbled across this from a friend of mine. I'm riding free shares houses money significant amount but I believe a Buyout or Merger happens soon. Not that concerned about this will hold until buyout or Merger.
Biofrontera AG: Legal dispute on import in the USA and resulting revised outlook
Public disclosure of inside information according to article.
Leverkusen, Germany (pta008/21.07.2024/14:45) - Biofrontera AG has been sued by a USA competitor with the argument that Biofrontera infringes some competitors' lamps patents.
The competitor has filed two different processes, one for two patent infringements in front of the district court, and a second one before the ITC (International Trade Commission), aiming to prohibit the import in the USA of Biofrontera XL Lamp.
Biofrontera has requested initial legal advice and is currently in the process of evaluating its legal position. Biofrontera AG and its subsidiaries have signed a jointly defense agreement with Biofrontera Inc, to share legal expenses.
Costs for the ITC legal proceedings are expected to amount to US$5 million, to be shared between to two companies. The outlook for the business year 2024 needs to be revised as a result. ?Currently the company is about to establish the effects and will inform about a new outlook once there is more clarity about the situation.
(end)
emitter: Biofrontera AG
address: Hemmelrather Weg 201, 51377 Leverkusen
country: Germany
contact person: Investor Relations
phone: +49 (0) 214 87 63 20
e-mail: ir@biofrontera.com
website: www.biofrontera.com
Still expecting new 52 week highs!
$BFRI
TechandBio
4 weeks ago
4 hour RSI Relative Strength Index 22.85. Market cap 3.9 Million
FDA approved drug with 13 Million patient market place and best in class RX for Ameluz®-PDT is indicated for the treatment of actinic keratoses (AK), one of the most common precancerous skin conditions. Biofrontera also commercializes the drug Xepi® (ozenoxacin cream, 1%), FDA-approved for the treatment of impetigo.
News on the approval for 3 Tubes instead of 1 for a treatment is a big deal!
WOBURN, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Biofrontera Inc. (Nasdaq: BFRI) (โBiofronteraโ or the โCompanyโ) , a biopharmaceutical company specializing in the commercialization of dermatologic products, today announced that the U.S. Food and Drug Administration (FDA) has approved the Companyโs sNDA to increase the maximally approved dosage from one to three tubes of Ameluz ® per treatment.
BFRI Pipeline
https://www.biofrontera-us.com/research/product-pipeline
BF-200 ALA AK: Pharmacokinetics study Completed
BF-200 ALA AK: Safety study for use of 3 tubes ♦ Completed & Approved
BF-200 ALA Superficial basal cell carcinoma ♦ Last patient in Phase 3 (HUGE)
BF-200 ALA Moderate to severe acne ♦ Phase II ongoing. (massive market)
BF-200 ALA AK: Face and scalp with pain-reducing illumination protocol Phase III in preparation. (Niche Market)
BF-200 ALA AK: Trunk & extremities ♦ Phase III ongoing (key segment in skin disorders)
BF-200 ALA Squamous cell carcinoma in situ Phase III in preparation. (Billion dollar market)
This company can move a 1000% a still be undervalued. Roth analyst gave a $16.00 Target this week. Cash flow positive in 2025
Almost 60% shares locked up by insiders and Institutions 35 million in sales 34% YOY growth and 3 Tubes approval this week.
$BFRI
TechandBio
4 weeks ago
13 million patients for Ameluz® (aminolevulinic acid hydrochloride)
Topical gel, $1200 for 3 tubes 1st Line Best in class topical only one other drug on the market that has side effects and less effective.
โUp to 60% of squamous cell carcinomas begin as untreated AK lesions, so itโs important for us to be able to treat the entire affected field. I have used Ameluz ® now for more than 7 years for the management of AK because of the demonstrated efficacy and safety it delivers. With the approval of the sNDA, I look forward to being able to use up to three tubes for those patients that need them,โ said Dr. Jonathan Weiss, investigator and co-managing partner at Georgia Dermatology Partners in Atlanta.
https://www.biofrontera-us.com/research/product-pipeline
Nearly 60% of the shares held by insiders and institutions revenues should drastically increase from the $1200 cost of 3 tubes the FDA has approved in a singles use compared to 1 tube which ran about $400.00
ROTH gave a $16.00 price target a few days ago Cash flow positive coming quarters!
3 days ago โ Roth/MKM analyst Jonathan Aschoff reiterated a Buy rating and $16.00 price target on Biofrontera (NASDAQ: BFRI).
$5.00 gap fill then $10.00+ Way Oversold on the RSI
$50 Million market is in line with their sales and massive growth + pipeline that will be seen in the coming quarters cash flow positive near team. 5 million market cap today.
$BFRI