GREY:ATBPF - Post by User
Comment by
cpacon Feb 05, 2020 9:02am
193 Views
Post# 30645012
RE:would anyone think ticker BXRX is similar to ATE.. it looks
RE:would anyone think ticker BXRX is similar to ATE.. it looks I tried to dig into BXRX, but I couldn't entirely make sense of it... This is their third try getting approval... hopefully the third times the charm. However, I couldn't get my mind around why they got rejected the first two times... this is an IV formulation of an existing drug... bulls said it was due to a 'labelling issue' ... if that was truly the case, that it was nothing to do with safety or efficacy and just how the product would be marketed/positioned, then I have to say management have to be pretty stupid to screw that up twice... there were some other aspects of the story I just couldn't make sense of either... the stock was spun off from Recro, but the CEO and the CFO remain the same??
I have been wrong before and may well be wrong on BXRX, but it will be for the right reason... if you feel like you can't get comfortable with a biotech's story, avoid... there are plenty of other fish in the sea, lol. In this case, I just added more to ATE instead. A story that I think is more clear and obvious to me. :)