I agree about the profit taking but I think enough people were...

I agree about the profit taking but I think enough people were aware of the FDA approval, at least those that matter. The larger institutional investors/fundies would have known as soon as it happened, they're not sitting on their feet waiting to hear about it in the AFR. Imo people are aware that the market is definitely big enough for several companies, and the products are not identical. In this space, even small differences are much bigger than they look to us. The way I see it, another company just means more marketing spend which benefits the entire market. Plenty of runway still left to grow, another company is not taking anything from us except for what we possibly didn't have before