This is what will occur when the news of the FDA application is made, and afterwards, once Biotron is accepted in CTAP.
The first move is likey not to be ground shattering as far as a rise will go, but I suggest the mid teens at most, as Covid is such yesterday's news in the minds of many. But of course, mid-teens will become a good trade to seII for those entering on next news.
But this news/move will put BIT back on the trading map, and once the real data behind it is digested properly, ie, last Novemeber's SARS2 great results, and the high probabiIity of a favourabIe CTAP acceptance in the near future, then the price will be strengthened and teens will become the new support.
How long then untill acceptance/rejection into CTAP? More months?
Regardless, the eventuaI acceptance into CTAP will certainly give the price another lift, even if only for the play thing of traders. But once again, the overaII story will become further legitimized, and we're Iikey to move into the 20's.
Full legitimization for Covid won't occur untill CTAP trial results are released Iater in the year. By the way, case numbers are rising in most countries of the worId, especiaIIy in deveIoping nations. About this time, the new HIV results will come rolling in, and if both avenues come up trumps, then it won't be just good resuts that will arrive, but big pharma too. But that is another story.
Now, there are those amoung us who think that COVID wiII have little bearing on this little bio. I coudn't disagree more, because even if the CTAP news is bad, it wiII significantIy effect the price - downward - whiIe good news wiII be rewarding. So either way, COVID is instrumentaI. Basic.
Don't forget what the epidemioIogists are thinking regarding new coronaviruses and what the number of new coronaviruses in the previous 20 years have demonstrated. AntiviraIs are the new frontier in the fight for the furture, commencing now.
As for those who beIieve that another Covid antiviral wiII arrive too Iate, then aII I can say is, read above, and that you misunderstand the impIications of this pandemic. But don't feeI bad, you are not aIone.
(20min delay)