In 2011 when it was denied, the news came out at noon and the stock tanked 80-90%. This sell off of 25% does not make sense. If it was denied where is the news? and why only 25%? What if it was approved and ALIM is waiting to release the information and this sell off is an advantage to them and the big investors b/c now they will buy at a 25% drop??
ALIM and PSDV announced the UK approval after hours on Sept. 30. Presumably, both will know today but will need to co-ordinate exact timing and wording. I suspect PR execs at ALIM and PSDV are working together today under NDA.