TSXV:BTI.H - Post by User
Comment by
Boomskidon Feb 24, 2023 1:19pm
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Post# 35303816
RE:RE:RE:PLX vol. 2.5 million shares with only 50 million outstanding
RE:RE:RE:PLX vol. 2.5 million shares with only 50 million outstandingGood for Protalix, poof. Up almost double (90%). What does that have to do with Bioasis share price of 1.5¢?
Yep, PRX was over $6 when they got a Complete Response Letter (CRL) from the FDA. Usually a CRL is fatal but not really so with PRX-102. Because of Covid, and because Protalix's submission was obsolete, and the FDA couldn't complete it's work before the extension, the CRL was issued. The CRL did not directly relate to the performance of PRX-102. Approval continues to be expected for that drug.
About the PRX share price of $6 at the time, I can't explain it other than maybe the S&P Biotech ETF was up 5% just about then.
jd