Reads like the FDA after the committee has decided to act as if DVAX is a "junior league" B-player company. Looks to be a $1 stock now. Have to say to myself, "what an idiot to not sell some stock and buy protective puts".
Best hope now is maybe DVAX surrenders and exits this "game" and sells out to big pharma for maybe $3.
The whole affair stunning and disappointing; lesson is:
DON'T EVER MAKE ANYTHING of the term "working closely with the FDA"; that is simply not an investment grade piece of information.
Methinks you might be expecting to much from the FDA, like they might be part of the solution rather than the problem. I sold out at $2.06 Live o invest another day. Might consider getting back in depending on how low it goes GLTA Hope all those who stayed long are rewarded for their faith in the company and the vaccine.
Everyone seems to be in for easy money. Let me break it to you, it doesn't always work that way.
We will have the the last laugh when HEPLISAV will be the standard of care, and the new adjuvant will be used in numerous vaccines.
Thanks and GLTA.
i think there are a lot of us that are guilty of hanging on too long - i was tempted to reduce at 5, but got greedy. Not the first time and i am sure its not the last. That said - i did reduce on Friday over 3 and reloaded this morning. Still money to be made here.
Smart you are. I took a big position back in November (day after Adcom) so my pain is a bad day but not a blow. I had a small pre-November position that of course got crushed. I had high hopes for Heplisav, both for personal profit, but also for standard of care. I think this is a black mark for the FDA - objectively speaking.
WHether I'm in DVAX or not in the future, I hope they can work through the bullcrap. I feel sorry for Dina and his team who had the rugged yanked from them. There can't be a bigger professional failure than that. Hopefully they push this through.
Not sure which PR you are reading.. The one I read said FDA is willing to discuss a restricted label. SP will recover in time if you are willing to sit on this for a few months. Be careful covering your short here..I wouldn't get too cute...retails do not drive this stock.