OCC Trading, page-1773

Decent volumes for a change

For anyone looking for parallels I suggest having a look at PNV revenues and share price movement (not absolute, just the change) from 2017 through to 2020.

Lots of boring flatline up to 2017 and then decent movement when revenues started to kick in from 2017 (some might be surprised how little revenue PNV generated until 2018).

Lots of remaining risk (we seem to assume the approvals will keep coming, that's obviously not guaranteed) but there are some definite similarities.

It can be a pleasant experience when there's a succession of approval and revenue update announcements at frequent intervals and I'm not aware of any other bio with the potential to have as many as OCC over the next 24 months.

Just my personal opinion, this is still very much a speculative part of the market.