ACL has an FDA approved drug and is worth $3million. FDA is nothing more than a safety and efficacy rating, it is not the lottery. I think you're misunderstanding what it means for the company.
Don't get me wrong, it's a huge tick in the box and a positive for the company, but it doesn't mean instant success or cashflow or even that the risks have been removed.
Ann: US FDA Grants Approval for APAS-LBT.AX, page-459
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