RE:RE:FDA accepted Intercept’s NDA for NASH!
Wino115 wrote: Any news validating any portions of the overall NASH therapeutic market as being potentially a commercial windfall for those getting in early is a positive for the projects in the P2/3 level. There's a lot to go for regardless of the first few entrants. That Akero market cap sort of pisses me off though....
Well their valuation is based on “EFX is a multi-modal investigational drug that holistically confronts NASH”
So one drug multiple phase2a and b trials has convinced the market to ascribe 2.2B market cap to the company. It shows how the market is valuing NASH and its financial prospects. My frustration isn’t about Akero’s sky high valuation but THTX’s rock bottom valuation. Apparently they had arranged a meeting with cantor’s NASH analyst if I recall correctly but these analysts with all their expertise and much higher PTs have not been able to find the buyers for the stock. How about a conference call with shareholders discussing NASH or even better presenting it on various third party well followed social media platforms. I am convinced if that aspect of their investor engagement hasn’t been ignored the results of their efforts to create demand for the stock would have been much more effective than only all those meetings with institutions. This is a small cap unknown company among many others in the same industry if they want to get noticed they have to find and use all channels of communication with smaller and bigger investors. If and when they get that NASH partnership if and when they get oncology trial restarted if and when they commercial operations show decent results they absolutely need to get noticed by all segments of the market not ignored. Selling isn’t easy but one has to know how and make all the right efforts effortlessly.