This ongoing slide in SP is not fun to watch.
Not only that all the gains have been wiped, we're back to early May SP level.
6 months is indeed a long time to watch the SP slide without other positive news.
Cash runway will become a problem soon if the company sits on the issue and does nothing about it until the last minute.
Everyone knew BLA was going to be resubmitted.
Everyone knew BLA was highly likely going to be accepted.
Nobody knew whether it was going to be a 2 month or 6 month review.
6 month review means substantial data has been provided to the FDA.
Unfortunately, as much as I am bullish over MSB's prospects, I don't buy the early determination guesses.
IMO it looks like we are scraping breadcrumbs from a bad news.
The reality is that in the absence of any further announcement, FDA will make an determination by Jan 2025 and cash will quickly become an issue.
This ongoing slide in SP is not fun to watch.Not only that all...
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Last
$1.49 |
Change
0.140(10.4%) |
Mkt cap ! $1.701B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.54 | $1.37 | $23.10M | 15.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24758 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 73626 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |