FDA approvals of submitted drugs are not at a 50% hit rate. MOST drugs submitted to the FDA are denied approval. So chances are these two in the pipeline will be denied. If even one of them is approved we can consider luck to be involved. Drug approvals by the FDA really are like betting it all on a single number on the roulette wheel.
Where is this going? Have not seen AGI this perky in more than a decade! What is driving this upswing and where will it be when it arrives? And the spin-off we all received has been trading pretty perky too!
You have no idea how many shares I hold. It is significant. I have averaged down multiple times and this stock has left me at the alter at lease 3 times.
Leopards do not change their spots!
You might better care about past and long, long term investors because we hold a lot of the stock. And don't worry about my returns - my average 'in' for another biotech investment INCY is a mere $5 per share so I am doing just fine.
My point was there are a lot of investors holding this stock that will be selling on the way up and THAT will be a major hurdle for the newbies expecting a straight ride up.
I do not care if this goes to $500 per share - I will not be around to see it because as soon as I am even I will be out and will not be looking back. I have other more trustworthy equities to invest the capital I will unlock in my investment here.
Let's not all get too excited about AEZS hitting the moon in pps.
There are many obstacles along the way.
MANY longs (including me) who just plain want out regardless of the future of the company.
Those of us who have an average in at $35 - $55 will be selling in droves as we break even.
We will not be waiting around long to be left holding an empty bag as has happened to us so many times before with this company.
Sometimes you could be the discoverer of the fountain of youth but if you have no credibility and have burned everyone in the process nobody cares.
Might this portend a significant change of things for Disney in the future that Staggs does not fit into? Perhaps Apple will be acquiring DIS and Tim Cook is the transition plan Iger and the Board desire?
Agree that Denner would not have increased position March 3 only to have the company drop Fispemifene weeks later. Of course Denner knew this prior to his buy. Something big is in the near future and I think it will be the sale of the company to a large pharma who has the muscle to take Room temperature ED treatment approved in US.