Simple tricks to make money with biopharm industry
1.Not long. Statistically. >95% trial new drugs fail at different stages. Phase IIb-III always have unexpected bad news (give you 50-80% hairut overnight)
2.Trade only. Buy at big drops (regardless up or down trends) and sell within next 48 hrs.
3.Knowledge of the products and medicine.....For example,to me, all HSP90 inhibitors on trial so far will not be "safe and effective" the chance for them to get FDA approval is less than 1% (too far away future to consier)