Welcome to the world of Ambulance Chasing Plaintiff's Attorneys....
On equal level with slip-and-fall and hot-coffee-spill ilk...
Seriously though....this is a common thing with volatile stocks.....bottom feeders come out of the woodwork...Biotechs are volatile.
Another common theory (and one I believe in) are many firms are also colluding with shorts and hedge funds to further #$%$ investors and drive the stock price further down which of course helps the short's position.
Either way....greed and FUD going hand-in-hand....they want otherwise ignorant retail investors to get scared and sell their shares..
no big secret. The company still was the same company before the time table roll back. Europe is still on track. Attorneys are meaningless. Almost every one day change of 15% or more gets these buzzards circling. 1 in a 1000 stick because it cost nothing to file for suite and the 1 they do get makes them rich not the investors. These guys are all over the boards and file 10 of thousands of these every year. Stock is just rising back to the relative area it should be after the time table for US was changed, a lot of the original drop was just panic sell, and the retail investors not getting a quick bang they were expecting, then we got fed to the shorts. Look for 12.5-14 and stick for a while till Europe news or other news.
Not sure what news other than the money flow article. most of that was old news from October and little relevance. Their comments about being volatile this week have nothing to do with anything they said other than it is the 3rd trading Friday of the month which is expiration date for contracts. It always gets choppy coming in and going out into next week. You might see 9.75 but that is probably close to it unless the BIO beat down gets worse than it has been.
BDB is right on target lawyers are meaningless. They hit on one of these every once in a blue moon and they file 10's of thousands a year.......any wonder our legal system is clogged and dysfunctional? CFMS is a good example. had a recall on a tech product, wasn't even the product itself. stock ran down from 21 to about 16 within hours the lawyers all launched and the stock dropped to 13 out of panic......(sound familiar). Only thing is on this one it has come back to the 22 range at one point because the recall problem was limited and no one suffered a damage as a result (other than shareholders). Do you think those attorneys have given up that case........nope and they wont until the court of jurisdiction refuses to hear it. Happens every day by the dozens if not hundreds. pipeline and strength of the top part of the balance sheet most important to me on these.
Monthly. No, just an excuse to look at the glass as half empty and take some profits.
How often does the CHMP meet - they said in the latest earnings call they did not expect a CHMP review until "late this year or early 2016", so is this really a delay?
My guess is, right now, they'd more likely in their disclosures err on the side of caution and UPOD. They're under a microscope right now with all of the lawsuits, and the CEO knows that they need to rebuild trust and credibility.
i bet the ceo knows what the EU said...guess we gotta wait for the EU to tell the truth this time! lol