I am not contending Novartis' authority or expertise in the field. Cato made the claim that otat would be a disaster because Novartis left. Otat still looks good, so this was complete bs. He's now just repackaging Novartis leaving into something different but even more lofty (albeit the exact same reasoning) and I am proposing a) has this not already been priced in and b) are there really more negative Ann's to come or more positive announcements to come?
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