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Disclaimer

I am an independent pharmaceutical and biotechnology stock analyst and consultant. The following disclosures relate to my relationship with companies covered by this blog (or any other blog where I am a contributor), or through my Twitter. The information on this blog or my Twitter is neither an offer nor a solicitation to buy any of the securities of the companies contained herein. I am not an investment advisor! Investing in securities is speculative and contains a high element of risk.

PERSONAL DISCLOSURES


I, Jason Napodano, CFA, hereby certify that all views expressed on this or any other blog, or in my Twitter, accurately reflect my personal views about the subject securities. I believe the information used for the creation of articles for this or any other blog or tweets has been obtained from sources I considered to be reliable, but I can neither guarantee nor represent the completeness or accuracy of the information herewith. Such information and the opinions expressed on this or any other blog or via Twitter are subject to change without notice.

I hold no FINRA or SEC securities licenses. I do not provide nor have I received compensation for investment banking services on the securities covered on this blog or via my Twitter. I do not expect to receive compensation for investment banking services from issues covered by this blog or via my Twitter.

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BioNap collects two types of information from visitors to the Site: (1) Personally Identifiable Information, and (2) Non-personally Identifiable Information (information such as IP Addresses and Cookies, which allow for a better use of the Site).
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BioNap will not collect personally identifiable information from you, other than what you supply to us on a voluntary basis upon request. Personally identifiable information includes, but is not limited to, name, address, e-mail address, and telephone number.

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BioNap uses the email address subscribed to our newsletter to provide feedback to BioNap clients on readership and offers additional information on articles found on this Site. In terms of our own use of information, we may use your personally identifiable information for the activities described in the previous sections, and for internal purposes and marketing, and promotional purposes.

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The following Disclaimers and Terms of Use (the “Terms”) govern the terms and conditions of your use of the BioNap website at, access to the BioNap Library and subscription to the BioNap newsletter and all research articles, content, and products made available thereby (the “Articles”), as well the use of all other services or products that may be made available through the Site from time to time (the Articles together with all other such services or products, the “Services”).

By accessing our Articles and using the Services, you agree to be bound by these Terms. Please read these Terms carefully, and contact us if you have any questions. If you do not agree to these Terms, you have no right to continue using the Services. We reserve the right to modify these Terms or other policies relating to the Services on a prospective basis, which will be effective immediately upon posting of an updated version of these Terms on the Site.

BioNap May Have Been Compensated To Produce Articles

BioNap is an organization that produces and publishes informational articles and periodic news updates (the Articles) on behalf of our clients. We receive a fee from these clients (or their affiliates) for our services. The structure of this fee is fully disclosed on this Site in a manner consistent with our legal obligations under the securities laws. For a list of the past and current BioNap client list, please visit this link >> BioNap Clients

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All material and content available on the Site, in the Articles or through the newsletter, unless specifically indicated otherwise or taken from outside sources, is the copyright protected work of BioNap. By agreeing to these Terms, we grant you a limited, non-exclusive license to use the Articles for your personal informational reading consistent with these Terms, which may include making a limited number of copies for your use (e.g. saving a copy for your own personal files); provided that in no event may you publish or distribute an Article or any portion thereof to any other third-parties. Except as explicitly authorized above, no portion of content of the Site or any Article may be altered in any way, transmitted to, copied, or distributed to any third-party without the express written permission of BioNap.

Articles Reflect the Personal View of the Authors

The views regarding the companies and securities featured in our Articles accurately reflect the personal views of the applicable author as of the date of such Article. The author of each Article is Jason Napodano. The views of the author reflect the views of BioNap; however, any such views regarding the featured companies and securities are subject to change without notice, including as a result of changes in market conditions or new developments in the marketplace, the featured company, or its competitors. BioNap affirmatively disclaims any duty or responsibility to update the views expressed in the Articles.

BioNap is NOT an Investment Advisor and DOES NOT make Investment Recommendations

You agree to use our Articles and Services at your own risk. BioNap is not a registered investment advisor and we do not recommend any investment based on the information provided in our Articles or through our Services. You hereby acknowledge that BioNap is not advising you personally concerning the nature, potential, value or suitability of any particular security. You further acknowledge that you understand it important to do your own research and due diligence and consult with an attorney, tax, of certified investment professional before making any investment decision with respect to securities covered by BioNap in order to determine if any investment is consistent with your investment objectives, risk tolerance, and financial situation. BioNap is not a certified financial planner and holds no applicable securities licenses by the U.S. Securities and Exchange Commission. We are not a FINRA/SEC licensed entity.

Articles are for Informational Purposes Only

Our Articles and Services are provided solely for informational purposes are not an offer or solicitation to buy or sell the securities of any of the companies covered thereby. You hereby acknowledge and agree that our Articles and Services are being provided explicitly on the condition that you not use them as the sole basis to make any investment decision. You further acknowledge that our Articles and Services are not intended to provide specific advice on any matter, nor are they intended to be comprehensive or include all of the available data that may be material to making an investment decision.

BioNap Relies Upon Third-Party Information and Makes No Representations or Warranties as to the Accuracy or Completeness of this Information

Our Articles are prepared primarily from publically available information and documents, in particular from the public U.S. SEC or Canadian SEDAR filings of the featured companies, and from third-parties, including conversations with management of the featured companies, and PubMed. All third-party information presented in our Articles is obtained from sources believed to be reliable, however, BioNap makes no representations or warranties (express or implied) as to its accuracy or completeness.

You acknowledge that BioNap has not independently verified the information obtained from third-parties (including public SEC or SEDAR filings and conversation with management of featured companies), and understand that the material in any Article is not intended to be a complete statement or summary of all information that may be material to making an investment decision. BioNap has no obligation to update third-party information in our Articles, even if it is discovered that any such information was materially inaccurate or incomplete.

BioNap Articles May Be Out of Date

All Articles published by BioNap are presented only as of the date published or indicated and may be superseded by subsequent market events or for other reasons. From time to time, reference may be made to prior Articles that we have published. These references may be selective and typically reference only a portion of an Article, which is likely not to be current in its entirety. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Forward-Looking Statements Are Predictions and Actual Results May Differ

Some of the information in our Articles relates to future business and financial performance of the featured companies. Such statements can only be predictions of the actual events or results and may never occur or be realized.

Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” or the negative or plural of these words or similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described our Articles and in the public SEC and SEFAR filing of the featured companies. It is not possible for BioNap to predict all risks, nor assess the effect of all factors on the business or the extent to which any factor, or a combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should not rely on forward-looking statements as predictions of future events.

Many of the forward-looking statements come directly from the featured company’s publically available filings and we have not attempted (and have no duty to attempt) any efforts verify the reasonableness of such forward-looking statements. BioNap does not guarantee the accuracy and comprehensiveness of these predictions. You should not invest in the Company in reliance on these forward-looking statements.

Price Targets or Estimates are Reasonable Predictions and are not Guarantees

Our Articles may include price target ranges, financial forecasts, projections and estimates based on the good faith and reasonable assumptions and calculations of our analysts and the author(s) of any particular Article (the “Analyst Estimates”). Any Analyst Estimates contained in our Articles are subject to risks that they may not be achieved, including the risks discussed in the Article and those in the featured company’s public SEC and SEDAR filings. The Analyst Estimates and the assumptions and calculations on which Analyst Estimates are based may be materially inaccurate for a number of reasons, which are both known and unknown at the time of making such estimates.

You hereby acknowledge and agree that BioNap is not making any guarantee, representation or warranty that any Analyst Estimates will be realized or are realizable. You further acknowledge that you are aware that the price, value, of any income from any of the securities or financial instruments can fall as well as rise and that there are many factors or events that could materially impact the a company’s ability to realize any financial targets, revenue forecasts or valuations, which are beyond the control of BioNap. You should not base any investment decision on the Analyst Estimates.

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You may not use the Site or our Services for any illegal or improper purposes, including:
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If you believe you any of the content provided on the Site or through our Services infringes on your copyright or other intellectual property rights, please send us notice of the alleged infringement with a brief explanation identifying the alleged infringing content through our contact form on the Site and we will promptly evaluate your claim and take any appropriate action.

Last Updated October 4, 2016