The drop in the SP was almost certainly precipitated by new investors who took part in the recent $23 million CR
Over 40 million new shares were issued to CR investors on 10 December and over 2 million were dumped the same day, which suggests to me that the sellers had about $1 million in the CR and decided to chase a higher short-term return elsewhere.
I am content to wait for the IONIC trial to show whether repeat doses of Veyonda is able to boost the performance of Opdivo. I like our chances.
NOX Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
