buy out on the horizon
to cover your loss. good news on the way
to cover your loss. Good news coming soon
show me money
'm buying
Earning has GOT nothing to do with DVAX; THEY ARE NOT REVENUE GENERATING COMPANY
Long don;t care
DVAX $2.49 break would set it off 50dma
The ubiquitous CRL in biotech has made its way into the news headlines again. But is the Complete Response Letter a game-changing hurdle for a biotech, or is it par for the course these days?
It turns out that almost half of NDA/BLA filings get rejected by the FDA on the 1st round. However, most companies resubmit their application, and by the 2nd review 75% of drugs gain FDA approval. After heading for a 3rd attempt, the cumulative percentage climbs to 83%. After that there is little data to support that subsequent submissions materially impact the probability of approval.
The ubiquitous CRL in biotech has made its way into the news headlines again. But is the Complete Response Letter a game-changing hurdle for a biotech, or is it par for the course these days?
It turns out that almost half of NDA/BLA filings get rejected by the FDA on the 1st round. However, most companies resubmit their application, and by the 2nd review 75% of drugs gain FDA approval. After heading for a 3rd attempt, the cumulative percentage climbs to 83%. After that there is little data to support that subsequent submissions materially impact the probability of approval.
It turns out that almost half of NDA/BLA filings get rejected by the FDA on the 1st round. However, most companies resubmit their application, and by the 2nd review 75% of drugs gain FDA approval. After heading for a 3rd attempt, the cumulative percentage climbs to 83%. After that there is little data to support that subsequent submissions materially impact the probability of approval.
no worry about fin- Cash in hand only $125 million. Other 2 products they are working on to be financed by GSK and AZN
One way or the other, DVAX at current price is a superb buy. FDA will approve its vaccine's restrictive use for population from 40 to 70, as the co originally applied for. S/P will go up upon the news. In time it will be approved for those under 40, if it is not taken over by a big pharma. Such setbacks provide the opportunities to add to position for the ultimate gain within a year at most.
with the recent setback in the FDA and the drop in the stock's price, the company may become an even more inviting target for a takeover. Recall a similar situation with Medarex some years ago, when that company's trial for ipilimumab ('ipi') for the treatment of metastatic melanoma yielded marginally positive results. The stock was languishing around $6-8 a share when Bristol-Myers Squibb (BMY) surprised the Street and bought the company for $16 per share. The drug is today marketed as Yervoy. Surprises do happen!
From a technical perspective, DVAX ripped higher here off oversold territory with above-average volume. This stock recently gapped down from around $3 to $1.87 with heavy downside volume. Shares of DVAX went on hit its recent low of $1.74 and the stock entered oversold territory, since its relative strength index reading went below 30. That said, shares of DVAX have now started to rebound off that $1.74 and shares are quickly approaching a major breakout trade. That trade will hit if DVAX manages to take out some near-term overhead resistance at $2.13 to $2.14 with high volume.
Traders should now look for long-biased trades in DVAX as long as it’s trending above Tuesday’s low of $1.91, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.26 million shares. If that breakout hits soon, then DVAX will set up to re-fill some of its previous gap down zone from late February that started near $3. Some possible upside targets if DVAX gets into that gap with volume are $2.70 to its 50-day moving average at $2.80
I work in a financial institution. We don't know who SHEF or BEEFF is. We as MM along with hedgies control the market. Sheff/Beff has got nothing to do here.
who the hell sheff is anyway?
What would be fair market value of APPA even if this get approved for one product and no partner .
Market cap toooooo high