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Biotech / Medical : Biotech Valuation

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To: Jon Khymn who wrote (31358)5/30/2009 5:24:14 PM
From: Biomaven1 Recommendation  Read Replies (2) of 44117
 
Unfortunately there is a third possibility that is not at all unlikely here - the panel votes narrowly in favor of the drug. In that case the FDA could ultimately decide to require more data - Provenge is a good example of that happening.

The stock probably goes down on that narrowly-in-favor vote, but certainly nowhere near enough to avoid you getting killed on the straddle.

Peter
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