FDA approval announcements doesn't "justify" a SP rise. It's purely a milestone.
FDA approvals will however (hopefully) increase sales and revenue, which the market will see in future quarterlies.
An FDA approval means crap all if you don't make any sales.......
Ann: AVITA Medical Announces FDA Approval of RECELL for Vitiligo, page-11
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$2.64 |
Change
-0.010(0.38%) |
Mkt cap ! $182.8M | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.72 | $2.63 | $196.6K | 74.27K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19996 | $2.64 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 1300 | 1 |
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