GREY:SBIYF - Post by User
Comment by
RE38on Feb 02, 2012 2:45pm
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Post# 19481424
RE: RE: RE: RE: The same garbage happened with EKG
RE: RE: RE: RE: The same garbage happened with EKG The deal was not done in Oct. It was pending government approval, which is the biggest hurdle to overcome when you're in the business of getting human beings to injest your product. I see you on the EKG board often so you should know EKG's price increase was on FDA approval, not on the fact the product design was complete several months ago. When NASDAQ biotech stocks submit to the FDA, there's a small pop on that news and a large pop on approval. Same thing here. Maybe it's not as difficult to get Chinese government approval as it is US, but its still a noteworthy milestone.