Chris Behrenbruch predicted this very outcome in four posts on his website over the last 12 months. It's worth reading his posts - or re-reading them. You'll find his site by searching asx long tail (no spaces). He is also on twitter. He copped a lot of abuse at the time for posting his views, but he called today's events perfectly. He has a very deep knowledge of the biotech world. It's not enough that a drug or device works - - it has to be commercially viable.
Knowledge is power. Recognising genuine knowledge is clever. Applying knowledge is the wise.
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