Biotech Values

[ghmm]

On FGEN drop

I was as surprised as many with it. I thought the call had a couple (minor) negatives but not to justify this magnitude of drop.
1-Reimbursement in China could take 5+ years to go nationally even regionally takes couple years. Peter has posted he thinks it could go faster
http://www.siliconinvestor.com/readmsg.aspx?msgid=31343635
2-For IPF Phase 3 they'll only give out P3 design in 1H '18 which I'd suspect trial won't start till 2H '18 which is a lot later then I thought.

Again I don't think either of these points justified such a big drop.

I posted some notes on twitter here
https://twitter.com/MauriceOnTW/status/928404960852762625