Really? I didn't think they had that much, but whatever, it is certainly trading at a huge discount right now.
I think there is some short interest trying to drive down the price. Shorts can be effective at holding down the price, but it is risky in biotech as you never know when good news might come out - like today.
However, now that this news has come out, what is our next catalyst to look forward to? Might not be for a while?
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