The stock will be below $1 until the FDA decision.
Even for exceptional drugs there is no certainty of approval. The FDA analyse a drug from a variety of measures.
I have faith and will keep my position. I give it a 35% of immediate approval. 45% where the FDA seeks clarification on a number of issues and a 20% risk of failure.
But I'm also realistic - what could potentially drive the stock higher before FDA approval? Nothing.
Hence it needs to deliver the "ultimate" good - approval!
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The stock will be below $1 until the FDA decision. Even for...
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