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Monday, June 03, 2019 10:44:40 AM
cfoofme Friday, 05/31/19 08:54:41 AM
Re: iwasadiver post# 229975 0
Post #
229986
of 230935
My thoughts exactly. I've posted on biotech stock boards before that 80% of investors shouldn't invest in this area because they look at a bio as just another "widget", plan this week, manufacture next week, and sell the next.
After college, I worked with a big pharma company for three years and then retired from an international medical device (diagnostics) company, so I am well versed in delays getting a drug/device to market and then even having it recalled by FDA. I bought my first biotech stock in 1987 and guess what? It is presently completing its P3 trials. If I described all the "hoops" it has encountered I would be here half a day.
If one does not have patience one should never invest in biotech.
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