BIEI Gained 2,400% In The Past 3 Weeks Amid Quest For A Cure For Covid-19, But Investors Should Remain Cautious.

Premier Biomedical, Inc., (PINK:BIEI) Has Gained 2,400% In

The Past Three Weeks Amid Their Claim To Be Working

Toward A Covid-19 Cure But Investors Should Remain Cautious.

 

Premier Biomedical, Inc., (PINK:BIEI) has gained 2,400% over the course of the past three weeks running up from it's close at $.0002 on March 16th 2020 to it's close at $.0053 this past Friday. The bulk of the run came as a result of the company announcing on March 23rd, that it filed a provisional patent application for their own method for the treatment and curing of Covid-19 coronavirus infections. If the patent is granted the company would hold the exclusive right to administer its method of treatment. The method that the company has filed to patent involves targeting the antigens within the disease in order to stop the disease from being able to replicate itself.

While all of the above is exciting, we always suggest being very cautious with any penny stock but that goes double for any medically related penny stock, and skips quadruple to being quadruple for any medically related penny stock that is also making a sudden push to cure the most talked about disease of the moment. We are always weary of any penny stock that seems to join the bandwagon for any particular situation of the moment and that includes this current pandemic. Still though, if the companies treatment were to be proven effective and received the green light to go into full production as a proven cure, BIEI stock would likely gain miraculously even from here. Still though, the most cautious investors may want to note that this one is currently running purely on hype, so there is a strong likelihood that a steep decline could be on the way, if nothing further materializes from BIEI's quest for a Covid-19 treatment.

 

 

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