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DewDiligence

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DewDiligence

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Re: DewDiligence post# 222976

Wednesday, 05/06/2020 9:52:42 AM

Wednesday, May 06, 2020 9:52:42 AM

Post# of 257269
BMY—liso-cel PDUFA extended 3mo—>11/16/20:

https://finance.yahoo.com/news/bristol-myers-squibb-provides-biologics-105900053.html

Liso-cell is one of the three drugs that comprises the $9/sh CVR for prior CELG shareholders (#msg-145844551); liso-cel has an FDA-approval of 12/31/20 (6 weeks after the PDUFA date) for the CVR to pay out, so there’s now only 6 weeks of slack in the liso-cel schedule. The CVR (BMY-RI) is currently trading for about $4, -9%.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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