A tentative balanced opinion on Medicago MDG as an investment…
First, a friendly reminder on the Biotech risks and rewards :
Inevitably these companies run into delays with the 3 phases of testing and approvals, and often what seems great promise, comes crashing down after years of work, and millions spent. The USA has a system of approvals where the large testing and trials do not occur until the last phase of the approval system. (Interestingly in Europe, the system is reversed.) What happens on a regular basis, is that enormous sums of money are raised and spent on the development, and as the process or drug goes through approval phases I & II, excitement and promise builds. As it does, the stock price also rises. Then phase III occurs and either it is a multi-year test, or some flaw occurs, and the stock either plummets or drifts downwards for years.
Of course, from time to time, one of these companies succeeds, and then, the rewards are huge…
But finding which one will indeed succeed is not easy, to say the least…as the old french saying goes : c'est comme chercher une aiguille dans une botte de foin…
And the simple truth is neither the longs nor the shorts (or the pumpers / bashers) have any idea of what the future holds…
That said, for those who understand and willing to accept the risks, I do think Medicago is one of the best play currently around, for all the reasons you already know…
Then again, every potential investor should do her/his own homework and decide by herself/himself…
Bonne Chance à Tous !