If you have an understanding of biota's history....
You would know that FDA shafted this little aussie battler Big Time...not approving relenza about ten years back when it had already been approved in australia ,japan, and sweden...giving tamiflu the opportunity to overtake BTA's
relenza and take a huge advantage being first to market a year later....( our sp soared to 9.40 and crashed to about
3.00 the next day)
then about a year after tami was approved we re-applied to fda our price hit 9.40 we got approval ....amazingly we were at 9.40 but after approval we were once again hammered on sp back to 3.00...what the???
then thank to gsk and there wonderful marketing skills... things never looked up...sales were pathetic
Along came the corporate raider who's name I cannot recall... desperately and rather agressively tried to grab control of our BTA and the approx 40M bank balance...
Back then Hugh Niall and Drectors put up a titanic struggle to defeat takeover...(was it you abobo??? ) haha...
court case with Gsk...dont need to go into details on that
as its recent history...
But through all this bta has kept going and now we are about to see an amazing tranformation...or metamorphasis
Ten years back Bta shoulda, woulda, coulda....but didn't
not sure why but who cares...this is our time (bta holders)
do not sell hold on and enjoy the ride
as sales of relenza are going to be better than our wildest dreams ten years back....190m by 27 =5b+ by 7%
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