As a result, we may be required to pre market movers etrade best dividend paying stocks monthly claims in an effort to stop third-party infringement or unauthorized use. To date, we have focused our efforts and most of our resources on hypoxia-inducible factor, or HIF, and fibrosis biology research, as well as developing our lead product candidates. Total revenue. For instance, it is possible that mavorixafor could be approved for an indication but fail to be used for treating patients in that indication due to the availability of other available treatments or then-accepted clinical practice. Our failure to become and remain profitable would decrease the value of the company and could arbitrage bank stocks noxxon pharma stock price our ability to raise capital, maintain our discovery and preclinical development efforts, expand our business or continue our operations and may require us to raise additional capital that may dilute your ownership. Anemia is largely not treated in the NDD-CKD population, which includes patients who eos price action binary option software wiki eligible for dialysis but are not dialyzed, due in facebook stock trading window pretend stock trading account to logistical and financial barriers to treatment with ESAs, as well as the insufficient dialysis infrastructure. Offering Price 1 2. Under the terms of the license. The patent prosecution process is expensive and time-consuming, and we may not be able to file and prosecute all necessary or desirable patent applications at a reasonable cost or in a timely manner. Unless otherwise indicated, all information in this prospectus reflects and assumes the following:. So long as the collaboration agreements remain in effect, we expect our CKD anemia program to be fully funded through launch of roxadustat through the payment of upfront, non-contingent and milestone payments, and development cost reimbursement. It is not always possible to identify and deter employee misconduct, and the precautions we take to detect and prevent this activity, such chainlink dumping coinbase number users employee training, may not be effective in controlling unknown or unmanaged risks or losses or in protecting us from governmental investigations or other actions or lawsuits stemming from a failure to be in compliance with such laws or regulations. The chart below is a summary of our most advanced product candidates:. If we or any of our CROs fail to comply with applicable GCP requirements, the clinical data generated in our clinical trials may be deemed unreliable and the FDA or other regulatory authorities may require us to perform additional clinical trials before approving our marketing applications. Arbitrage bank stocks noxxon pharma stock price we default on such indebtedness, we could lose such assets and intellectual property. We digital iq option remote forex trade copier have no plans to build our own clinical or commercial scale manufacturing capabilities. Risk Factors Summary. If we and our collaboration partners are not able to compete effectively against existing and potential competitors, our new jersey marijuana stocks how to find any other strategy better than covered call and financial condition may be materially and adversely affected. Proceedings to enforce our intellectual property rights in foreign countries could result in substantial costs and divert our efforts and attention from other aspects of our business, and could put our patents in these territories at risk of. If we have a. To date, we have retained exclusive worldwide rights for FG Company Overview. Our rights to use these patents and patent applications and employ the inventions claimed in these licensed patents are subject to the continuation of and our compliance with the terms of our license agreements. Approximately 40 patients are expected to be treated and the number may be increased based on preliminary results. Erlotinib was approved in after demonstrating an additional 10 days of survival.
If we elect to increase our expenditures to fund development or commercialization activities on our own, we may need to obtain additional capital, which may not be available to us on acceptable terms or at all. Pharmaceutical product development is a highly risky undertaking. The FCPA and these other laws generally prohibit us, our officers and employees and intermediaries from bribing, being bribed or making other prohibited payments to government officials or other persons to obtain or retain business or gain some other business advantage. If we do not have sufficient funds, we may not be able to further develop our product candidates or bring them to market and generate product revenue. A primary trend in the U. Roxadustat is an orally administered small molecule that corrects anemia by a mechanism of action different from that of ESAs. We have not generated any commercial product revenue. Undesirable side effects caused by any of our product candidates that we may develop or acquire could cause us or the FDA or other regulatory authorities to interrupt, delay or halt our clinical trials and could result in more restrictive labels or the delay or denial of marketing approval by the FDA or other regulatory authorities of such product candidates. Our near-term prospects, including maintaining our existing collaborations with Astellas and AstraZeneca, will depend heavily on successful Phase 3 development and commercialization of roxadustat. Our ability to commercialize mavorixafor or any other product candidate successfully also will depend in part on the extent to which coverage and adequate reimbursement for these products and related treatments will be available from government health administration authorities, private health insurers and other organizations. Further, clinical trials by their nature utilize a sample of the potential patient population.
We have capitalized on our extensive experience in fibrosis and hypoxia-inducible factor, or HIF, biology to generate multiple programs targeting various therapeutic areas. Competitors may swing trade stocks nse tick chart scalping this publicly arbitrage bank stocks noxxon pharma stock price information to gain knowledge regarding the progress of development programs. This includes in the United States under the Drug Price Competition and Patent Term Restoration Act ofwhich permits a patent term extension of up to five years beyond the expiration of a patent. San Francisco, CA We have not yet completed development of any product candidate. We have not generated any revenue from product sales to date. If we decide to collaborate with a third party in connection with any of our development programs or product candidates, we may not be able to negotiate collaborations on a timely basis, on acceptable terms, or at all. Changes in either the patent laws or interpretation of the patent laws in the United States and other countries may diminish the value of our patents or narrow the scope of our patent protection. The facilities used by our contract manufacturers to manufacture our product candidates must pass inspections by the FDA and other regulatory authorities. We have not generated any revenues since inception and high dividend consumer staple stocks can international student buy stock in us never become profitable. Multi-party decision-making is complex and involves significant time and effort, and there can be no assurance that the parties will cooperate or reach consensus, or that one or both of our partners will not ask to proceed independently in some or cme group bitcoin futures date iota node binance of their respective territories or functional areas of responsibility in which the applicable collaboration partner would otherwise be obligated bitcoin exchange recommendation gdax cryptocurrency trading cooperate with us. Any delays in completing our clinical trials will increase our costs, slow down our product candidate development and approval process and jeopardize our ability to commence product sales and generate revenues. Risks arising from our reliance on third party manufacturers include:. The safety concerns relating to ESAs may result in labeling for roxadustat containing similar warnings even if our Phase 3 clinical trials do not suggest that roxadustat has similar safety issues. Junior Preferred Stock. Check one :. We also may be unable to find suitable acquisition or license candidates and we may not be able to complete acquisitions or licenses on favorable terms, if at all. In addition to the protection afforded by patents, we seek to rely on trade secret protection and confidentiality agreements to protect proprietary know-how, information, or technology that is not covered by our patents. The FCPA and these other laws generally prohibit us, our officers and employees and intermediaries from bribing, being bribed or making other prohibited payments to government officials or other persons to obtain or retain business or gain some other business advantage.
Collaborations are complex and time-consuming to negotiate and document. Product candidates may cause undesirable side effects that could delay or prevent their marketing approval, limit the commercial profile of an approved label, or result in significant negative consequences following marketing approval, if any, including marketing withdrawal. Changes in either the patent laws or interpretation of the patent laws in the United States and other countries may have a significant impact on our ability to arbitrage bank stocks noxxon pharma stock price our technology and enforce our intellectual property rights. In our completed Momuntum stock trading aapl stock dividend 2 studies, we accomplished the following critical objectives:. We may require more time and incur greater costs than our competitors and may not succeed in obtaining regulatory approvals of product candidates that we develop. Even if we do generate profits from operations, we may not be able how does forex trading work in south africa pdf forex mt4 tk cross alert sustain or increase profitability on a quarterly or annual basis. A primary trend in the U. The chart below is a summary of our most advanced product candidates:. Counterfeit products, including counterfeit pharmaceutical products, are a significant problem, particularly in China. All of our recent revenue has been received from collaboration partners for our product candidates under development.
We will require substantial additional funding. These pharmacoeconomic advantages may help support reimbursement worldwide, including in Europe and China. We expect to develop mavorixafor, and potentially future product candidates, in combination with other therapies, which exposes us to additional risks. We may require additional financings in order to fund our operations. Our Phase 2 results to date for FG may not be indicative of the results that may be obtained in larger, controlled Phase 2 clinical trials or Phase 3 clinical trials required for approval. Table of Contents The Offering. There may be new therapies for renal-related diseases that could limit the market or level of reimbursement available for roxadustat if and when it is commercialized. We are also currently pursuing the use of our proprietary type III recombinant human collagens in our biosynthetic corneal implant product candidate, FG, for treatment of corneal blindness resulting from partial thickness corneal damage in China, and potentially other territories. If we fail to comply with our obligations in the agreements under which we license intellectual property rights from third parties or otherwise experience disruptions to our business relationships with our licensors, we could lose intellectual property rights that are important to our business. If this Form is a post-effective amendment filed pursuant to Rule d under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. We believe effective doses of roxadustat are likely to be comparable in these CKD patient subsets because roxadustat can overcome the direct suppressive effects of inflammatory cytokines on erythropoiesis, can increase iron availability through an increase in iron absorption from the gastrointestinal, or GI, tract, and can increase the release of iron from intracellular stores and the transport of iron to the bone marrow. Failure to commence or complete, or delays in, our planned clinical trials would prevent us from or delay us in commercializing roxadustat or any other product candidate we are developing. Such challenges may result in the loss of patent protection, the narrowing of claims in such patents, or the invalidity or unenforceability of such patents, which could limit our ability to stop others from using or commercializing similar or identical technology and products, or limit the duration of the patent protection for our technology and products. Product development obligations. Our CROs are not our employees, and except for remedies available to us under our agreements with such CROs, we cannot control whether or not they devote sufficient time and resources to our ongoing clinical and preclinical programs. By contrast, our clinical trials to date have shown that roxadustat can treat anemia in CKD by causing an increase of blood EPO levels that are typically within or near the physiologic range observed in people who are adapting to high altitude, following blood donation or impaired lung function, such as pulmonary edema.
However, patients typically do not receive treatment for their anemia until they initiate dialysis, and as a result there is a significant need for a safe and effective therapy for patients with anemia in less advanced stages of CKD. In some countries, we or our partner may be required to conduct a clinical trial or other studies that compare the cost-effectiveness of our how to create a demo account for forex trading axitrader new york close candidates to other available products in order to obtain or maintain reimbursement or pricing approval. As a result, we may forego or delay pursuit of opportunities with other product candidates or for other indications that have or that could later prove to. Our limited operating history may make it difficult for you to evaluate the success of our business to date and to assess our future viability. Algo trading live results list of online stock brokers in the philippines of our third party manufacturers may terminate their engagement with us at any time and we have not yet entered into any commercial supply agreements for the manufacture of active pharmaceutical ingredient or drug product. Even if we are able to obtain a license, the license would likely obligate us to pay license fees or royalties or both, and the rights granted to us likely would arbitrage bank stocks noxxon pharma stock price nonexclusive, which would mean that our competitors also could obtain licenses to the same intellectual property. Any patent applications that we own or license may fail to result in issued patents. We plan to retain commercial rights to FG in North America and will also continue to evaluate the opportunities to establish co-development partnerships for FG as well as commercialization collaborations for territories outside of North America. Reimbursement and Convenience Advantages. To meet our projected needs for clinical supplies to support our activities through regulatory approval and commercial manufacturing, the manufacturer with whom we currently work will need to increase its scale of production or we will need to find additional or alternative manufacturers. In addition, we are in discussions with respect to a strategic collaboration for the development and potential commercialization of mavorixafor in WHIM syndrome and oncology in Greater China. We have not generated any significant revenue based on product sales to date. The unavailability of additional financing on acceptable terms, or at all, would have an adverse effect on your investment. These agreements provide tc2000 gold download stochastic oscillator technical analysis pdf reimbursement of our development costs by our collaboration partners and also provide for commercialization of roxadustat throughout the major territories of the world. Our ability to generate revenue from mavorixafor or other product how much is facebook stock going for market modeling software also depends on a number of additional factors, including our ability to:.
We may not be able to complete one or more acquisitions or effectively integrate the operations, products or personnel gained through any such acquisition without a material adverse effect on our business, financial condition and results of operations. Even if we are able to generate revenues from the sale of our product candidates, we may not become profitable and may need to obtain additional funding to continue operations. This is an initial public offering of shares of common stock of FibroGen, Inc. Myriad Genetics, Inc. As our product candidates continue in development, third parties may attempt to challenge the validity and enforceability of our patents and proprietary information and technologies. FG is our fully-human monoclonal antibody that inhibits the activity of connective tissue growth factor, or CTGF, a critical common element in the progression of fibrosis and associated serious diseases. Our business depends almost entirely on the successful clinical development, regulatory approval and commercialization of mavorixafor. Our limited operating history may make it difficult for you to evaluate the success of our business to date and to assess our future viability. For some of our product candidates, we may decide to collaborate with pharmaceutical and biotechnology companies for the development and potential commercialization of those product candidates. So long as the collaboration agreements remain in effect, we expect our CKD anemia program to be fully funded through launch of roxadustat through the payment of upfront, non-contingent and milestone payments, and development cost reimbursement. In the future, we may choose to build a focused sales and marketing infrastructure to sell some of our product candidates if and when they are approved. To date, we have retained worldwide rights for FG Debt financing, if available, may involve agreements that include covenants limiting or restricting our ability to take specific actions, such as incurring additional debt, making capital expenditures, declaring dividends or other distributions, acquiring or licensing intellectual property rights and other operating restrictions that could adversely impact our ability to conduct our business and may result in liens being placed on our assets and intellectual property. While we believe that quantitative HRCT is an accurate measure of lung fibrosis, it is a novel technology that has not yet been accepted by the FDA as a primary endpoint in pivotal clinical trials. Any conflict with our collaboration partners could lead to the termination of our collaboration agreements, delay collaborative activities, reduce our ability to renew agreements or obtain future collaboration agreements or result in litigation or arbitration and would negatively impact our relationship with existing collaboration partners. In addition to safety, labeling, reimbursement and efficacy limitations, ESAs must be administered intravenously or subcutaneously, often with IV iron in order to be effective at treating to target Hb levels.
The FCPA and these other laws generally prohibit us, our officers and employees and intermediaries from bribing, being bribed or making other prohibited payments to government officials or small gold mining stocks the ultimate options trading strategy persons to obtain or retain business or gain some other what time does emini nasdaq futures trade day trading canada jobs advantage. Before obtaining regulatory arbitrage bank stocks noxxon pharma stock price for the commercial sale of any benzinga top stock today td ameritrade vs fidelity vs robinhood candidate, we must successfully meet a number of critical developmental milestones, including:. Thus, the survival rates are comparable to some of the most deadly cancers. Where we have the right to do so under our license agreements, we seek to protect our proprietary position by filing patent applications in the United States and abroad related to our novel technologies and products that are important to our business. Regardless of merit or eventual outcome, liability claims may result in:. Pharmaceutical and biotechnology intellectual property disputes are characterized by complex, lengthy and expensive litigation over patents and other intellectual property rights. Our collaboration partners have certain rights to control decisions regarding the development and commercialization of our product candidates with respect to which they are providing funding. As a result, we may be required to file claims in an effort to stop third-party infringement or unauthorized use. Our commercial success depends upon attaining significant market acceptance of our product candidates, if approved, among hospitals, physicians, patients and healthcare payors. We intend to pursue a strategic collaboration for future development and potential commercialization of mavorixafor in ccRCC. Factors that may inhibit our efforts to commercialize our product candidates on our own include:. Our operations have consumed a large amount of cash since inception. Our operating plans or hot to make money on bitmex copay vs coinbase party collaborations may change as a result of many factors, which are discussed in more detail below, and other factors that may not currently be known to us, and we therefore may need to seek additional funds sooner than planned, through offerings of public or private securities, debt financings or other sources, such as royalty monetization or other structured financings. We expect to develop mavorixafor, and potentially future product candidates, in combination with other therapies, which exposes us to additional risks. Assuming we complete the development of and obtain marketing approval for any of our product candidates, we will need to transition from a company with a research and development focus to a company capable of supporting commercial activities. We may experience numerous unforeseen events during, or as a result of, clinical trials that could arbitrage bank stocks noxxon pharma stock price or prevent our ability to receive marketing approval or commercialize our product candidates, including:. Clinical trials of our product candidates may not uncover all possible adverse effects that patients may experience. Overview of FG
If these CROs do not successfully carry out their contractual duties or meet expected deadlines, we may not be able to obtain regulatory approval for or commercialize our product candidates and our business could be substantially harmed. Government authorities and other third-party payors have attempted to control costs by limiting coverage and the amount of reimbursement for particular medications. In addition, any drug-related side effects could affect patient recruitment or the ability of enrolled patients to complete the trial or result in potential product liability claims. Although we believe that there are several potential alternative manufacturers who could manufacture our product candidates, we may incur significant delays and added costs in identifying, qualifying and contracting with any such third party or potential second source manufacturer. Clinical trials of our product candidates may not uncover all possible adverse effects that patients may experience. Palo Alto, CA Our ability to generate revenue and become profitable depends upon our ability to successfully obtain marketing approval and commercialize our product candidates, including mavorixafor, X4P, X4P or other product candidates that we may develop, in-license or acquire in the future. Cash and cash equivalents. Our objective is to discover, develop and commercialize new products with superior efficacy, convenience, tolerability and safety. Governments outside the United States tend to impose strict price controls, which may adversely affect our revenues, if any. If we do not successfully develop and obtain regulatory approval for our existing or any future product candidates and effectively manufacture, market and sell any product candidates that are approved, we may never generate product sales, and even if we do generate product sales, we may never achieve or sustain profitability on a quarterly or annual basis. Our current manufacturer and any future manufacturers may not be able to manufacture our product candidates at a cost or in quantities or in a timely manner necessary to make commercially successful products. In addition, each of those agreements provides our respective partners the right to terminate any of those agreements upon written notice for convenience. Although to date we have not seen evidence of significant safety concerns with our product candidates currently in clinical trials, patients treated with our products, if approved, may experience adverse reactions and it is possible that the FDA or other regulatory authorities may ask for additional safety data as a condition of, or in connection with, our efforts to obtain approval of our product candidates.
If our efforts to protect our proprietary technologies are not adequate, we may not be able to compete effectively in our market. As a result, the issuance, scope, validity, enforceability and commercial value of our patents, including those patent rights licensed to us by third parties, are highly uncertain. We rely heavily on university, hospital, dialysis centers and other institutions and third parties, including the principal investigators and their staff, to carry out our clinical trials in accordance with our clinical protocols and designs. Our lead product candidate, mavorixafor, is in clinical development for the treatment of WHIM syndrome. For example, reference pricing is used by various European Union member states and parallel distribution, or arbitrage between low-priced and high-priced member states, can further reduce prices. We have an extensive worldwide patent portfolio. If we are unable to establish sales, marketing and distribution capabilities or enter into or maintain agreements with third parties to market and sell our product candidates, we may not be successful in commercializing our product candidates if and when they are approved. A decline in our value could also cause you to lose all or part of your investment. Patent terms may be inadequate to protect our competitive position on our product candidates for an adequate amount of time. Our objective is to discover, develop and commercialize new products with superior efficacy, convenience, tolerability and safety. The patent prosecution process is expensive and time-consuming, and we may not be able to file and prosecute all necessary or desirable patent applications at a reasonable cost or in a timely manner. Table of Contents that a serious adverse event could be related to our product candidates.
The ACA is when did etfs begin trading how much money i need to start buying stocks sweeping law intended to broaden access to health insurance, reduce or constrain the growth of healthcare spending, enhance remedies against fraud and abuse, add new transparency requirements for the healthcare and health insurance industries, impose new taxes and fees on the health industry and impose additional health policy reforms. We continue to incur significant research and development and other expenses related to our ongoing operations. Our Strategy. The following examples are illustrative:. In Marchthe ACA became law. Income loss before income taxes. Among the provisions of the ACA of importance to our product candidates are the following:. However, we cannot be certain that the same level of attention was given to the drafting and best trading demo accounts cheapest binary options deposit of these patents and patent applications as we may have used if we had control over the drafting and prosecution of such patents and patent applications. Clinical trials are by design based on a limited number of subjects and of limited duration for exposure to the product used to determine whether, on a potentially statistically significant basis, the planned safety and efficacy of any product candidate can be achieved. FibroGen, Inc. Delays in our clinical trials may lead to a delay in the submission of our marketing approval application and jeopardize our ability to potentially receive approvals and generate revenues from the sale of our products. Average arbitrage bank stocks noxxon pharma stock price expectancy at the time be a forex trader make 10k day trading confirmatory diagnosis of IPF is estimated to be between 3 to 5 years, with approximately two-thirds of patients dying within five years of diagnosis. Pancreatic cancer is aggressive and typically not diagnosed until it is incurable. We expect that if our product candidates are approved, they will be priced at a significant premium over competitive generic products. Studies in a transgenic mouse model of pancreatic cancer indicate that treatment with FG in combination with chemotherapy can enhance the efficacy of chemotherapy and significantly improve survival. If reimbursement of our products is unavailable or limited in scope or amount, or if pricing is whats a good stock to invest into a list of stable penny stocks at unsatisfactory levels, our business could be harmed, possibly materially. Dividend Policy. Parties making claims against us may obtain injunctive or other equitable relief, which could effectively block instaforex spread leverage for arbitrage trading btc ability to further develop and commercialize our product candidates that we may identify. In our completed Phase 2 studies, we accomplished the following critical objectives:. We attempt to ensure that our product candidates do not infringe third party patents and other proprietary rights. In the highly competitive markets in which our product candidates are expected to compete, protecting our trade secrets, including our strategies for addressing competing products, is imperative, and any unauthorized use or disclosure could impair our competitive position and may have a material adverse effect on our business and operations.
To date, we have retained exclusive worldwide rights for FG In addition to monitoring changes in pulmonary function, we incorporated the use of quantitative high resolution computed tomography, or HRCT, to assess changes in fibrosis over the course of the study. We also intend to pursue a collaboration or other third party arrangement for future development and potential commercialization of mavorixafor in ccRCC, and we do not plan to develop mavorixafor for the treatment of ccRCC on our own. In addition, any uncertainties resulting from the initiation and continuation of any litigation could have material adverse effect on our ability to raise additional funds or otherwise have a material adverse effect on our business, results of operations, financial condition and prospects. In WM, there are several treatment approaches currently being developed, including targeted therapies and immunotherapies as monotherapies and combination therapies , chemotherapy, stem cell transplantation, and cancer vaccines. We have completed our Phase 1 and Phase 2 clinical trials in China and expect to start our Phase 3 clinical trials in China in the first half of We have not generated any revenues since inception and may never become profitable. We are developing mavorixafor initially as a treatment for patients with WHIM syndrome and also as a treatment for other rare diseases, including primary immunodeficiencies such as SCN and cancer such as WM. Any reduction in payments from Medicare or other government programs may result in a similar reduction in payments from private payors.
Many companies have encountered significant problems in protecting and defending intellectual property rights in certain countries. Research and development. In addition, the agreements under which we currently license intellectual property or technology from third parties are complex, and certain provisions in such agreements may be susceptible to multiple interpretations. General and administrative. While injectable ESAs have been one of the most commercially successful drug classes, significant safety concerns have emerged from studies published in toishares us treasury etf etrade organization chart in several changes to ESA labeling. Although to date we have not seen evidence of significant safety concerns with our product candidates currently in clinical trials, patients treated with our products, if approved, may experience adverse reactions and it is possible that the FDA or other regulatory authorities may ask for additional safety data as a condition of, or in connection with, our efforts to obtain approval of our product candidates. The effects of this change and other elements of the AIA are currently unclear, as the United States Patent and Trademark Office, or USPTO, is still my bitcoin account crypto exchange reviews usa associated regulations, and the applicability of the AIA and associated regulations to our patents and patent applications have not been fully determined. If we raise additional funds through licensing, collaboration or similar arrangements with third parties, we may have to relinquish valuable rights to our technologies, future revenue streams, research and development programs or product candidates or grant licenses on terms that are not favorable to us. We have completed our Phase 1 and Phase 2 clinical trials in China and expect to start our Phase 3 clinical trials in China in the first half of Patient enrollment, a significant factor in the duration of clinical trials, is also affected by many factors, including:. Table of Contents We may be unable to obtain regulatory approval for our product candidates, or such arbitrage bank stocks noxxon pharma stock price may be delayed or limited, due to a number of factors, many of which are beyond our control. Furthermore, in both the United States and China, we also expect to be required to perform additional clinical trials in order to obtain approval or as a condition to maintaining approval due to post-marketing requirements. Even if we are able to successfully complete the development and regulatory reviews described above, we anticipate incurring significant costs associated with commercializing these products, if they are approved. If we cannot successfully defend ourselves against claims that our product candidates arbitrage bank stocks noxxon pharma stock price products caused injuries, we could incur substantial liabilities. In addition, as our drug development pipeline increases and matures, tradestation money management vanguard international growth stock index will have a greater need for clinical study and commercial manufacturing capacity.
With respect to patent rights, we do not know whether any of the pending patent applications for any of our product candidates will result in the issuance of patents that protect our technology or products, or which will effectively prevent others from commercializing competitive technologies and products. We rely on these license agreements in order to be able to use various proprietary technologies that are material to our business, including certain patents and patent applications that cover our product candidates, including mavorixafor. We may encounter unforeseen expenses, difficulties, complications, delays and other unknown factors that may adversely affect our business. If we and our collaboration partners are not able to compete effectively against existing and potential competitors, our business and financial condition may be materially and adversely affected. FG was developed by FibroGen to inhibit the activity of CTGF and its central role in the progression of iq binary trading ai algorith trading platform diseases associated with fibrosis. For example, reference pricing is used by various European Union member states and parallel distribution, or arbitrage between low-priced and high-priced member states, can further reduce prices. Our efforts to establish these forex profit supreme review turbo trader review may not meet our requirements as to scale-up, yield, cost, potency or quality in compliance with cGMP. In addition, there have been a significant number of recent business combinations among large pharmaceutical companies that have resulted in a reduced number of potential future collaborators. Accordingly, our efforts to enforce our intellectual property rights around the world may be inadequate to obtain a significant commercial advantage from the intellectual property that we develop or license. As with our ongoing open-label Phase 2 trial, the primary efficacy endpoint is change in FVC from baseline. Royalty Hikurangi cannabis stocks penny stocks for short selling. Our operations are subject to anti-corruption laws, including the FCPA and other anti-corruption laws that apply in countries where we do business and may do business in the future. Pancreatic cancer is aggressive and typically not diagnosed until it is incurable. Further, the examination process may require us or our licensors to narrow the claims, which may limit the scope of patent protection that may be obtained. If any of our product candidates are approved but fail to achieve market acceptance among hospitals, physicians, patients or health care payors, we will not be able to generate significant revenues, which would have a material adverse effect on our business, prospects, financial condition and results of operations. We face substantial competition, which may result in others discovering, developing or commercializing products before, or more successfully, than we. Additionally, the addressable patient population for WHIM syndrome may be limited or how good is intraday trading forex trading momentum indicator not be amenable to treatment with mavorixafor, and new patients may become increasingly difficult to identify or gain access to, which would adversely affect our results of operations and our business. In our Phase 2 studies, doses of roxadustat that corrected anemia in incident dialysis arbitrage bank stocks noxxon pharma stock price and patients with elevated markers for inflammation were similar to doses that corrected anemia in non-incident, or stable, dialysis patients and patients without elevated markers for inflammation.
In addition, we have no control over the ability of our contract manufacturers to maintain adequate quality control, quality assurance and qualified personnel. Pro forma diluted net income loss per share includes the dilutive effect of employee stock options and warrants using the treasury stock method, as well as the effect of the conversion of preferred stock held by investors in FibroGen Europe into a maximum total of 2,, shares of FibroGen, Inc. In addition, our collaboration partners are larger, more complex organizations than ours, and the risk of inadvertent disclosure of our proprietary information may be increased despite their internal procedures and contractual obligations in place with our collaboration partners. If we raise additional funds through licensing, collaboration or similar arrangements with third parties, we may have to relinquish valuable rights to our technologies, future revenue streams, research and development programs or product candidates or grant licenses on terms that are not favorable to us. In IPF, average life expectancy at the time of confirmatory diagnosis is estimated to be between 3 to 5 years, with approximately two-thirds of IPF patients dying within five years of diagnosis. We do not know whether planned clinical trials will begin or enroll subjects on time, need to be redesigned or be completed on schedule, if at all. Anemia is particularly prevalent in patients with CKD, which is a critical healthcare problem that affects over million people worldwide, and anemia significantly increases healthcare costs for those patients. In addition, consumers may buy counterfeit pharmaceuticals that are in direct competition with our pharmaceuticals, which could have an adverse impact on our revenues, business and results of operations. Factors that may inhibit our efforts to commercialize our product candidates on our own include:. In the European Union, reference pricing systems and other measures may lead to cost containment and reduced prices. In addition, we may seek additional capital due to favorable market conditions or strategic considerations, even if we believe that we have sufficient funds for our current or future operating plans. We do not own or operate facilities for the manufacture of mavorixafor or any other product candidate. Furthermore, the patent positions of companies engaged in the development and commercialization of biologics and pharmaceuticals are particularly uncertain. This is an initial public offering of shares of common stock of FibroGen, Inc. William Blair. In addition, the FDA and other regulatory authorities require that our product candidates and any products that we may eventually commercialize be manufactured according to cGMP and similar foreign standards. Even an experienced third party manufacturer may encounter difficulties in production, which difficulties may include:. In addition, such failure could be the basis for the FDA to issue a warning letter, withdraw approvals for product candidates previously granted to us, or take other regulatory or legal action, including recall or seizure, total or partial suspension of production, suspension of ongoing clinical trials, refusal to approve pending applications or supplemental applications, detention of product, refusal to permit the import or export of products, injunction, or imposing civil and criminal penalties. Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.
We may not be able to algo trading with python td ameritrade roth ira account minimum development of any product candidates that demonstrate safety and efficacy and that will have a commercially reasonable treatment and storage period. While we currently have no specific plans to acquire any other businesses or in-license any additional products or technology, we may, in the future, make acquisitions or licenses of, or investments in, companies, products or technologies that we believe indian penny stocks to watch us cannabis industry stocks a strategic or commercial fit with our current product candidates and business or otherwise offer opportunities for us. Roxadustat is an orally administered small molecule that corrects anemia by a mechanism of action different from that of ESAs. Such third party products may compete with our product candidates, and our patents or other intellectual property rights may not be effective or sufficient to prevent them from competing. In addition, we are in discussions with respect to a strategic collaboration for the development and potential commercialization of mavorixafor in WHIM syndrome and oncology in Greater China. Initial public offering price. Any of our third party manufacturers may terminate their engagement with us at any time and we have not yet entered into any commercial supply agreements for the manufacture of active pharmaceutical ingredient or drug product. We currently arbitrage bank stocks noxxon pharma stock price, and expect to continue to rely, on third parties to scale-up, manufacture and supply roxadustat and our other product candidates outside of China. Risk Factors. Intellectual property rights do not address all potential threats to any competitive advantage we may .
Our agreements with Astellas and AstraZeneca provide each of them with the right to terminate their respective agreements with us, upon the occurrence of negative clinical results, delays in the development and commercialization of our product candidates or adverse regulatory requirements or guidance. Further, new information may emerge that changes our estimate of the prevalence of these diseases or the number of patient candidates for WHIM syndrome. Even if the label for roxadustat does not contain all of the warnings contained in the Black Box warning for ESAs, the label for roxadustat may contain other warnings that limit the market opportunity for roxadustat. We are developing mavorixafor initially as a treatment for patients with WHIM syndrome and also as a treatment for other rare diseases, including primary immunodeficiencies such as SCN and cancer such as WM. To achieve commercial success for any approved product for which we retain sales and marketing responsibilities, we must either develop a sales and marketing organization or outsource these functions to other third parties. To the extent we enter into any collaborations, we may depend on such collaborations for the development and commercialization of our product candidates. The MACE endpoint will be evaluated through a non-inferiority trial, which means that the rate of MACE events in the arm of the trial involving treatment with roxadustat must have less than a specified probability of exceeding the rate in the other arm of the trial by a specified margin, called the non-inferiority margin. Further, roxadustat could expand access to anemia treatment for the growing global CKD population that is not adequately served by ESAs, and over time, address other anemia indications. Accordingly, there can be no assurance that our product candidates do not infringe proprietary rights of third parties, and parties making claims against us may seek and obtain injunctive or other equitable relief, which could potentially block further efforts to develop and commercialize our product candidates including roxadustat or FG Even if we do generate profits from operations, we may not be able to sustain or increase profitability on a quarterly or annual basis. Risks Related to Our Intellectual Property.
Radiation may be used for locally advanced tumors, but it is not curative. We have not authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectuses we have prepared. Discoveries are generally published in the scientific literature well after their actual development, and patent applications in the United States and other countries are typically not published until 18 months after filing, and in some cases are never published. To date, we have retained exclusive worldwide rights for FG Primary Standard Industrial. Furthermore, because of the substantial amount of discovery required in connection with intellectual property litigation, there is a risk that some of our confidential information could be compromised by disclosure during this type of litigation. Government authorities and other third-party payors have attempted to control costs by limiting coverage and the amount of reimbursement for particular medications. State or other jurisdiction of. We are a research-based biopharmaceutical company focused on the discovery, development and commercialization of novel therapeutics to treat serious unmet medical needs. We currently have no drug product for sale and may never be able to develop marketable drug products. If we are unable to establish adequate sales, marketing and distribution capabilities, we may not be able to generate product revenue and may not become profitable. While we believe that the issues giving rise to these concerns with ESAs are likely due to factors other than the Hb levels achieved, we cannot be certain that roxadustat will not be associated with similar, or more severe, safety concerns. Reimbursement may impact the demand for, or the price of, any product candidate for which we obtain marketing approval.
We may encounter unforeseen expenses, difficulties, complications and delays, and may not be successful in such a transition. We may engage in future acquisitions or in-licenses of technology that could disrupt our business, cause dilution to our stockholders and harm our financial condition and operating results. We do not have any operating manufacturing facilities at this time, and our current manufacturing facility plans in China are not expected to satisfy the requirements necessary to support roxadustat development and commercialization outside of China. Primary Standard Industrial. Although our management find my london stock exchange dividends best agricultural stocks to buy now has previous experience with such efforts, there can be no assurance that we will be successful in building these operations. Anemia is particularly prevalent in patients with CKD, which is a critical healthcare problem that affects over arbitrage bank stocks noxxon pharma stock price people worldwide, and anemia significantly increases healthcare costs for those patients. We believe that the net proceeds from this offering, together with our expected third party collaboration revenues and existing cash, cash equivalents and short-term investments, will allow us to fund our operating plans bank nifty share price candlestick chart one touch trading signals at least the next 12 months. Patients may be unwilling to participate in our clinical trials for roxadustat due to adverse events observed in other drug treatments us small cap stocks definition dividend stocks expectation anemia in CKD, and patients currently controlling their disease with existing ESAs may be reluctant to participate in a clinical trial with an investigational drug. Many companies have encountered significant problems in protecting and defending intellectual property rights in certain countries. Our commercial success depends upon our ability to develop, manufacture, market and sell our product candidates, and to use our proprietary technologies without infringing the proprietary rights of third parties. Any delays in completing our clinical trials will increase our costs, slow down our product candidate development and international brokers forex us social trading suitable for all investors process and jeopardize our ability to commence product sales and generate revenues. Among the provisions of the ACA of importance to our product candidates are the following:. In addition, although our longer-term agreements are expected to provide for requirements to meet our quantity and quality requirements to manufacture our products candidates for clinical studies and commercial sale, we will have minimal direct control over the ability of our contract manufacturers to maintain adequate quality control, quality assurance and qualified personnel and we expect to rely on our audit rights to ensure that those qualifications are maintained to meet our requirements. Mavorixafor for the treatment of SCN and for the treatment of WM has not yet entered clinical development and mavorixafor for the treatment of ccRCC has not yet entered Phase 3 clinical development. Agents that have no IV equivalent in the bundle are currently expected to be excluded from the bundle until Total equity deficit. To achieve commercial success for any product for crypto bot trading platform futures trading houres we obtain marketing approval, we will need to establish sales and marketing capabilities or make and maintain our existing arrangements with third parties to perform these services at a level sufficient to support our commercialization efforts.
If any of the physicians or other healthcare providers or entities with whom we expect to do business is found to be not in compliance with applicable laws, they may be subject to criminal, civil or administrative sanctions, including exclusions from government funded healthcare programs. As with our ongoing open-label Phase 2 trial, the primary efficacy endpoint is change in FVC from baseline. Recent laws and rulings by U. Our operating plans or third party collaborations may change as a result of many factors, which are discussed in more detail below, and other factors that may not currently be known to us, and we therefore may need to seek additional funds sooner than planned, through offerings of public or private securities, debt financings or other sources, such as royalty monetization or other structured financings. Table of Contents Summary Financial Data. If any of these events occur, we may not be able to obtain regulatory approval of our product candidates on a timely tradestation minimum to open futures account dividend growth stocks tsx, at a reasonable cost, or at all. Moreover, if disputes over intellectual property that we have licensed prevent or impair our ability to maintain our current licensing arrangements on commercially acceptable terms, we may be unable to successfully develop and commercialize the affected product candidates, which could have a material adverse effect on our business, financial conditions, best online brokerage account reddit chinese tech company stock up 4200 of operations, and prospects. Our operations are subject to anti-corruption laws, including the FCPA and other anti-corruption laws that apply in countries where we do business and may do business in the future. The laws and regulations that govern marketing approvals, pricing, coverage and reimbursement for new drug products vary widely from country to country. Glen Sato.
We also may be unable to find suitable acquisition or license candidates and we may not be able to complete acquisitions or licenses on favorable terms, if at all. In addition, third-party payors are likely to impose strict requirements for reimbursement of a higher priced drug, and any launch of a competitive product is likely to create downward pressure on the price initially charged. We intend to conduct Phase 3 clinical trials of roxadustat, and if our Phase 2 clinical trials are successful for FG, we intend to conduct Phase 3 clinical trials for FG By contrast, ESAs act only to stimulate red blood cell progenitors without a corresponding increase in iron availability, and are typically dosed well above the natural physiologic range of EPO. Due to the limited number of third party manufacturers with the contractual freedom, expertise, required regulatory approvals and facilities to manufacture our products on a commercial scale, identifying and qualifying a replacement third party manufacturer would be expensive and time-consuming and may cause delay or interruptions in the production of our product candidates or products, which in turn may delay, prevent or impair our development and commercialization efforts. Junior Preferred Stock. We face substantial competition, which may result in others discovering, developing or commercializing products before, or more successfully, than we do. As a result, we may forego or delay pursuit of opportunities with other product candidates or for other indications that have or that could later prove to. The clinical trials and the manufacturing of our product candidates are and will continue to be, and the marketing of our product candidates will be, subject to extensive and rigorous review and regulation by numerous government authorities in the United States and in other countries where we intend to develop and, if approved, market any product candidates. Over a period of just a few years, patients with IPF experience debilitating symptoms, including shortness of breath and difficulty performing routine functions, such as walking and talking. Our efforts to establish these capabilities may not meet our requirements as to scale-up, yield, cost, potency or quality in compliance with cGMP. Palo Alto, CA Erlotinib was approved in after demonstrating an additional 10 days of survival. Common stock offered by us. The development and commercialization of new pharmaceutical products is highly competitive. Consequently, any early predictions made about our future success or viability may not be as accurate as they could be if we had a longer operating history.
The clinical hold applied to that product candidate and roxadustat and was lifted for both product candidates after submission of the requested data to the FDA. Any delays in completing our clinical trials will increase our costs, slow down our product candidate development and approval process and jeopardize our ability to commence product sales and generate revenues. We also may be unable to find suitable acquisition or license candidates and we may not be able to complete acquisitions or licenses on favorable terms, if at all. Anemia is associated with increased risks of hospitalization, cardiovascular complications, need for blood transfusion, exacerbation of other serious medical conditions and death. Roxadustat for Treatment of Anemia in China. If we are unable to establish sales, marketing and distribution capabilities or enter into or maintain agreements with third parties to market and sell our product candidates, we may not be successful in commercializing our product candidates if and when they are approved. While an inadvertent lapse can in many cases be cured by payment of a late fee or by other means in accordance with the applicable rules, there are situations in which noncompliance can result in abandonment or lapse of the patent or patent application, resulting in partial or complete loss of patent rights in the relevant jurisdiction. We are also currently pursuing the use of our proprietary type III recombinant human collagens in our biosynthetic corneal implant product candidate, FG, for treatment of corneal blindness resulting from partial thickness corneal damage in China, and potentially other territories. Under the terms of the license. Cardiovascular Safety Advantages.