PAR 0.00% 22.5¢ paradigm biopharmaceuticals limited..

PAR ASX Announcement - pure Obfuscation, page-3

  1. 593 Posts.
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    I can see why you would feel this way, however they have delivered on what they said they would in their announcement on the 19th.
    I think there is a real opportunity for people to catastrophize at times like this but if you look at the logical point of view:

    - FDA were always going to ask questions, they sort of have to.
    - It was delayed, clearly they were under the pump with the world the way it is, but here we are, they have finally asked them
    - PAR have updated the market, as they said they would, on receipt of the questions. I can see why they would not want to share them.
    - The wording from the FDA does not appear to point out problems without solutions, it sounds like they have proposed approaches.

    In my opinion, I believe that if the FDA feedback was significant enough to jeopardise continuation, then PAR would have disclosed that.
    Yes, my opinion only (so I could be wrong of course)

    The share price drop was predictable, we've seen this before.





 
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