bearish
Paradigm Biopharmaceuticals (PAR AU): Concerns Persist Amid Deteriorating Financials
236 Views14 Mar 2022 21:36
SUMMARY
- Paradigm Biopharmaceuticals (PAR AU) shares plunged 32% since we published our bearish insight on the company on January 11. Shares are trading near their pandemic lows.
- Our negative view on the company due to the inherent safety proposition of lead drug and financial uncertainty remain intact. Insider buying led to the recent uptick in share prices.
- Amid uncertain global market condition and general market apathy toward biotechnology companies, we will not be an investor of Paradigm Biopharmaceuticals despite its recent sell-down.
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Tina Banerjee
Global Healthcare Analyst
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