Geez if you're going to quote stuff from other sites at least put something factual in - as far as I can see everything is false that you quoted. Did you quote yourself? Obviously Clinuvel has an FDA, EMA approved drug so that is clearly wrong and I can't be bothered going through the rest as it's obvious to anyone it's lies but I will point out the easiest lie of all to disprove. " Clinuvel has been trapped in a bank balance of 190 to 200 million for several years."One year ago they had a bank balance of $175 Million, now it is over $200 Million, the bank balance is growing every year despite running a blockbuster phase 3 which has nearly finished recruitment! I have never heard of any small/tiny Biotech that has achieved that - especially with a P/E of 13 or 14. Only a tiny percentage of Biotechs achieve FDA approval, an even smaller number successfully commercialise to the point where they are printing cash at an ever increasing rate like Clinuvel are doing with no debts and no one to share profits or royalties with.
All IMO DYOR
CUV Price at posting:
$11.59 Sentiment: Buy Disclosure: Held
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