Yun Zhong, Ph.D., is Equity Analysis Analyst and Director of Biotechnology Analysis at Janney Montgomery Scott LLC. Dr. Zhong joined Janney in 2017 with over seven years of expertise as an affiliate protecting the biotechnology trade. He has expertise in a number of therapeutic areas together with gene remedy, uncommon illnesses, central nervous system problems, infectious illnesses, hepatobiliary problems, amongst others.
Previous to Janney, Dr. Zhong spent over three years at SunTrust Robinson Humphrey, the place he coated a number of firms whereas working inside their well being cared/biotechnology vertical. From 2011 to 2014, he labored as a biotechnology Equity analysis affiliate at Cowen and Firm.
Previous to Cowen, he labored as a postdoctoral fellow within the Division of Neurology at Mount Sinai College of Drugs. Dr. Zhong obtained his Ph.D. in neuroscience and molecular biology from the Rockefeller College and each his M.S. and B.S. levels in biophysical engineering from Osaka College in Japan.
On this three,466 phrase interview within the Wall Road Transcript, features a full evaluation of the potential of innovative biotech firms and has particular suggestions for Investors
Dr. Zhong sees an M&A cycle occurring within the gene remedy house:
“The acquisition value is $114.50. That’s about 120% premium as in comparison with the closing worth on Friday for Spark (NASDAQ: ONCE). That, after all, is a large optimistic for not solely Spark’s inventory value, however, if you happen to take a look at different gene remedy names throughout the board, we’re seeing loads of upward motion.”
The institution of a bidding a number of has important implications:
“The premium may be very a lot in keeping with what we have now seen prior to now, for instance, from the earlier acquisition deal, which was additionally a gene remedy identify, from again in April 2018 when Novartis (NYSE: NVS) acquired AveXis. That premium was about 88%, so additionally near 100%. The 100% premium might be the usual that we’d count on from these sorts of acquisition offers.”
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