No doubt that sentiment affects share price and HC and the like can, to some degree, influence that
but, I love how you yada yada over all the reasons why sentiment is in the toilet (ie failed approval applications, missed study end points, cash burn, debt terms, partnership failures)
”in the short run, the market is a voting machine but in the long run it is a weighing machine”
like norvartis, the market is looking at the available data and walking away
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