If the advisory committee doesn't like your presentation of results...boom 50% off sale. In both cases the company was confident enough that they thought they would get approved and were shell shocked. Even the emotional testimony from many patients didn't sway the committee.
Point is, you don't rush into these thinking its a push over and you are guaranteed approval. This is why ACAD said they would begin working with the FDA on what is needed for approval in the end of 2013, and NDA application isnt expected until later in 2014. They want to make sure they have everything covered because a bad vote will send this stock back to $6 and set back the timelines by years potentially.
Hate on me all you want for saying that, but its the truth.
Common sense. Good post. I find nothing offensive here at all. I am not an investor in ACAD, but have been watching it since the run up. I am not convinced (yet) that the share price is justified, but need to do more dd.
You don;t know what you talk about. Do some dd yourself before say something nonsense...
And please insult ACAD and compare ACAD with DCTH. These two are totally different company....
Sentiment: Strong Buy
Sure sure, I know ACAD is different and special. Everything that applies to every other company doesn't apply to ACAD. I have heard it many times here.
Even ACAD must not know what they are doing, and they should just apply for the NDA now. Maybe they can get approval over the weekend right?