POINT Biopharma Global Inc shares fall to $10.24

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The news sent shares gapping down to $10.24, and they continued to fall throughout the day. The question now is whether this will affect POINT($NASDAQ:PNT) Biopharma Global’s market and earnings in the long term. The answer is likely yes. So, while the short-term impact of the convertible notes may not be too severe, the long-term impact could be significant.

Market Price

The stock opened at $8.6 and closed at $8.6, down by 0.2% from last closing price of 8.6. POINT Biopharma Global Inc is a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of cancer.

VI Analysis

The company’s fundamentals reflect its long term potential. The analysis of POINT BIOPHARMA GLOBAL is made simple by VI app. Based on VI Star Chart, POINT BIOPHARMA GLOBAL is strong in asset, and weak in dividend, growth, profitability. POINT BIOPHARMA GLOBAL is classified as ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Such company is deemed less risky as the intrinsic value is pegged to its assets. POINT BIOPHARMA GLOBAL has a high health score of 8/10 with regard to its cashflows and debt, is capable to sustain future operations in times of crisis.

Summary

POINT Biopharma Global Inc is a biotechnology company that focuses on the development of precision medicines for the treatment of cancer. The company said that the decision was based on a review of data from the Phase III clinical trial, which showed that the drug was not effective in treating the disease. POINT Biopharma Global Inc is a biotechnology company that focuses on the development of precision medicines for the treatment of cancer.