There is a lot of bantering back and forth by shorts and longs here about a lot of nonsense. A lot of very short term thinking. But look at this basic fact....Biodel's Viaject would clearly be the best prandial insulin if it was on the market right now. That is a $4 billion market. This is a $100 million stock. I was at the ADA (American Diabetes Association) conference in Orlando in late June and there is a very clear demand for a faster acting insulin like Viaject (and not an inhalable one like Afrezza). I can't tell you Viaject will get approved for sure first pass in October, but it will be approved in a reasonable amount of time and BIOD will have a huge drug on the market and BIOD stock will be higher then it's ever been. So buying BIOD here is a tremendous deal if you can hold it. I have done some tremendous due diligence here and feel very confident how this will play out. Don't focus too much on the short term for this stock is my recommendation. Too much upside if you can think a little longer term.
I find that the ignore function works really well. It takes a bit of effort to get started but if you keep adding these day traders or biorunup guys who know almost nothing about this company you can filter the number of posts per day to under a dozen.
Of course they discussed it with the FDA. But the FDA could still make them do another trial, but I really doubt that is going to happen for many reasons. The hurdle regarding India data is low. Approval here is about "when", not "if". So all hurdles are very low. Question is how long does it take them to get around the track to get their gold medal? Regardless, they get the gold medal and that's my whole point. Viaject will be a billion dollar drug. If you know the insulin market like I do you can't see it any other way. Stock will end up between $25 and $100 share over the next year or two. That's so much upside I don't care if it happens in October or next year. I'll just wait till they cross the finish line.
This is probably the most intelligent post I've seen in months on this board. And I agree 100%. BIOD is sitting on a gold mine and everyone is arguing about which shovel will be used to start digging....BIOD IS SITTING ON A GOLD MINE!!!