The market seems still pretty unstable overall and in biotech, just like the way it's been for the past 5 months and imo these erratic sell-offs are still expected to continue this month perhaps even until mid-July and some solid announcements from the company. Hopefully from the next quarter on, we will resume the trend onward and upward (from end of 2020 till start of 2022) - and without these damn drops, just like the way it's been until (1) inflation turned up (2) russian invasion didn't help (3) biotech and tech stock crash came into the picture.
Hopefully the few remaining investors who are getting rid of their positions will be finally out for good as well, it seems those are causing the drops (this behaviour doesn't make sense to me btw: just sell it for good like 6 months ago or keep your cash in the company for the next 6-12 months at least ffs... these peeps are probably losing money doing so now at the worst time, but again, the market has been tough lately so they probably need the cash).
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