If they have the cure for cancer, you don't think that is a big deal? They will bring in trillion of dollars. That is where the value is priced in at. Not how much money they are making now but 5 years from now.
obviously you don't invest in biotechs They rarely have earnings. They discover a drug that works and hope for a big buy out. That s the life of a biotech companies most of the time. And 1 year ago adxs was $2.47 and now it is $23.50. You hope to get in on one of those.