Same thoughts here. The Q1 result won't be good and that would be disclosed in about two weeks. the $35 million debt financing had already given us some clue to where the figure would be.
The NEW NDA will also be disclosed in the new 10-Q. the indication will be a much narrowed sub group. given the fact that all major indexes are at historical highs, a 50% hair cut is minimum. Remembering EXEL?
Could go down even more after that. FDA is a captured, pay-to-play agency. If Apple, Amazon or Netflix had to go through an FDA-type agency how do you think that would have worked out? They would have never made it because the GE's, IBM's and CBS's of the world wouldn't have it. That's the environment small drug companies have to deal with at the FDA even if the drug has proven beneficial in other places in the world.