Biotech Values

[BiotechValues]

$AMDA I just started following it a few weeks ago. It has one of the worst 52 week charts I've ever seen due to repeated delays in FDA approval.

I think it goes (much) higher due to past statements of management that with (this) FDA approval they would announce partnerships for commercialization.

They also have a big deal in China that is waiting on approval from their FDA equivalent. That might happen faster due to FDA approval now.
http://finance.yahoo.com/news/amedica-signs-exclusive-chinese-silicon-131500135.html


Another new and exciting revenue source could be 3D printing of Silicon Nitride joints. AMDA is first to 3D print Silicon Nitride- and it has many advantages over other composites.

More at: https://3dprintingindustry.com/news/silicon-nitride-biomaterial-gets-3d-print-treatment-for-the-first-time-ever-75242/

Also, company has about $19-$20M in annual revenues before this product launch, and a P/S ratio of < 1 with market cap only $25M here. Lots of room to run higher there



Anyway- I think there could be a run in this one to $2 or even $3 by end of week with + news, especially if they have a partnership in the wings to announce following FDA approval as has been suggested by management.