The laws behind securities lawsuits were put in place to provide an income stream for lawyers. The shareholder typically gets pennies on the dollar. But that is not the purpose of the law. It's the lawyers who win out with their fees. You should play along and file so that justice..... I mean fair compensation is achieved.
The fact that these laws were enacted by legislators who are mostly lawyers is sheer coincidence.
How can you say that when they have no drug, the drug being reviewed is under question by the only authority that can grant its approval. I would sell of some and invest in proven upcoming companies one of which is ADRO or ONCE and more speculative ones like JUNO where CELG has invested 1 billion. I sold off my 300 shares yesterday that I had bought again on the down. Not worth the risk. I don't even think that they will get an approval.
The capitulation is exaggerated
The stock was down over 75% - tjat's ludicrous
I have close to 1000 shares with avg cost of less than $27
These are just a bunch of greedy lawyers trying to get some easy money and they could care less about helping the shareholders. How much do you think you would get when it is all over. I am part of the lawsuit when corzine robbed MF Global and the only ones who will get anything will be the lawyers. The average investor will see nothing. GL
If you like making lawyers rich, get involved. You'll get a check for $20. They'll get millions. Thieves.
As if people didn't understand there were risks involved with investing...
The same problem with earlier FDA approved AZD9291.
The funny numbers are PFS. CLVS claims PFS=9 months and latest AZD9291 PFS= 8.6 months (the data presented in Sep. 2015 at WCLC).
Finally, improved ORR doesn't always lead to improved survival (OS). Cancer patients care less about ressponce rate. Improved survival is their hope and dream!
The major problem with CLVS credibility for not reporting their latest results earlier.
Because the majority of people on this board are the same type of guys gathered around the living room on Sunday watching football. One minute they praise their team...so long as their team is scoring touchdowns and ahead. As soon as their team screws up and is losing its nothing but non-stop criticizing and Monday morning quarterbacking.
Dangerous play because
1. Law suits for hiding information from Public
2. Actual results were different from what the company had touted earlier in the initial phase.
3. Stock has not been hit for no reason
4. FDA has asked for additional data which means extended trial data.
5. Delayed approval if approved.