Biotech Values

[DewDiligence]

FUD-busting on the GTCB ymb:

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Re: Attention real longs
by: DewDiligence
06/03/06 02:19 pm
Msg: 32437 of 32437

>…the situation has progressed to where the company finally has a signficant accomplishment and has obtained reversal of the CHMP prior rejection… The informed investor, however, needs to keep aware that the EMEA approval still needs to be obtained.<

Your post shows a lack of understanding of the European approval process.

With the positive recommendation from the CHMP, the EMEA is now out of the picture. All that remains is rubber stamping by the EU Commission, which has nothing to do with the EMEA.

The final step by the EU Commission is similar to the way U.S. presidents are elected by the Electoral College. Voters vote in November, but the President-Elect is not legally certified until the Electors from each state meet in Washington two months later.

In short, the CHMP recommendation is not merely an advisory action as you implied—it is tantamount to full-fledged approval with the sole exception that commercial sales must await legal certification by the EU Commission.

Now you may return to your usual FUD. Over and out.

[Posted as a reply to: Msg 32430 by theonlymaskman]
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