I am confused why all of a sudden a new drug is being announced? NCE001. Does this mean there will be more than normal spending? Usually a pharma maintains its pipeline as it spend so much time and money on it, so to hear they are spending money elsewhere is interesting.
It is because the current pipeline will come to approval all about the same time. Then what? If the plan is to not sell the company through a take over then you have to have a longer pipeline. For the smart investor this is news that translates to big gains for a long time.