i been trying to figure out plausible explanations for SP weakness recently - had a light bulb moment today. SP decline correlates well with the increased US covid deaths staring early Nov.
On face value - COVID seems to killing the target patient group for wet AMD ie. the elderly.
By the end of pandemic, I expect around 500-600k deaths in the US alone with probably decent % (maybe 15-20%) of those may have wAMD. So that’s a reduction of the over total 1M wAMD US patients by 50-100k or 5-10% hence the market may be discounting lower revenues for all players.
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