Chris Behrenbruch predicted this very outcome in four posts on...

Chris Behrenbruch predicted this very outcome in four posts on his website over the last 12 months. It's worth reading his posts - or re-reading them. You'll find his site by searching asx long tail (no spaces). He is also on twitter. He copped a lot of abuse at the time for posting his views, but he called today's events perfectly. He has a very deep knowledge of the biotech world. It's not enough that a drug or device works - - it has to be commercially viable.

Knowledge is power. Recognising genuine knowledge is clever. Applying knowledge is the wise.