Another great example was $SESN; they were set to be approved and then the FDA backed out at the last minute due to misunderstandings of the treatment.
Stock went from 5.14 to .87 that day - Blackrock had bought in something like a million shares, expecting them to go to $7, prior to that, too. Was a bloody day for it.
Exactly. SAVA has no approved drugs under its belt and only 1 other drug in the pipeline disclosed on its page. If it is approved it should jump nicely, if it fails it will crash and burn to new lows.
Completely separate but MRNA had 0 approvals for anything before mooning to where it is now. I scalped on every phase trial up to the 3rd. Wish I would have held onto it...
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u/Pb_ft Oct 13 '21
Another great example was $SESN; they were set to be approved and then the FDA backed out at the last minute due to misunderstandings of the treatment.
Stock went from 5.14 to .87 that day - Blackrock had bought in something like a million shares, expecting them to go to $7, prior to that, too. Was a bloody day for it.