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Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 16.59-2.7%Sep 20 12:00 AM EDT

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From: erickerickson9/13/2019 8:59:12 AM
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People don't learn. There was a message after we added another buck on Wednesday about how that was good. And you awakened the "Gris Gris". Shame shame shame! ;)

I try to not get excited about moves either up or down at this point, we're waiting for

1> resubmission
2> approval

Pretty much everything else is noise.

Just to contradict myself though, I do find it interesting that IMMU didn't slack off after the CRL, they continued full steam ahead. I'm sure they may have trimmed back on some new expenditures, and maybe left some positions open that they would have filled if there were no CRL. And sure, good news for UC will be welcome (and any other study results of course). It's just that until the CRL issues are fixed (and the FDA agrees), I'm not going to get giddy...

Imagine the CRL if Dr. G. were still in charge and we had only had a few months operating expenses in the bank.....

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