I suppose that's relevant if you're a trader. Those are the sorts of things that can influence the short term price movements.
If you're an investor, I believe the long term share price and the value of the company will be dictated by the success of the product.
That's why I think it was worth asking questions around the rigourous-ness of the FDA clearance process. And to be honest I'm still left with questions after a few hours of research. Such as, what is the absolute effectiveness standard required to obtain FDA clearance? I note the FDA evaluates effectiveness before granting clearance through the 510k process - but does so on the basis that it's as effective as a similar device. If the comparison device is only so-so effective, could you still pass the effectiveness requirement quite easily, without your device being very effective? Is that a possible scenario?
Anyway, I think there's probably a lot more to research here to get a truly informed picture. More than I can justify spending time on as someone who's merely curious about the stock, and not a holder. Maybe these are some avenues serious LDX holders can investigate.
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Ann: Lumos Receives US FDA Clearance for FebriDx, page-400
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3 | 325270 | 0.037 |
1 | 100000 | 0.036 |
6 | 560407 | 0.035 |
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Price($) | Vol. | No. |
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0.041 | 51842 | 2 |
0.042 | 352408 | 3 |
0.046 | 100000 | 1 |
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