I agree. Just like in politics, it will be a race to the gutter if the competitive bar ,which in the case of drugs currently safeguarded by the FDA, is allowed or mandated to be lowered.
However, as a pure cynical and amoral speculator on WS , in this case in biotechs and pharma, indeed I get mcbio logic. In the ST, one may indeed profit very well.
However this is a personal issue. I am greedy but I do have to look at myself in the mirror every morning. But I am quite sure there are many people who have no qualm about this.
Plus I don't much believe much in the mkt's ability to discern good from bad, same as in politics right vs wrong.
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Disagree strongly with this. Scams will steal share from legit companies (e.g. SRPT vs SANN) - and ultimately the legit companies will have to resort to increased scam to survive.
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