PROTALIX BIOTHERAPEUTICS, INC. (PLX): Unfortunately, this was to be expected g...

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PROTALIX BIOTHERAPEUTICS, INC. (PLX)

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Re: midastouch017 post# 3323

Friday, 11/27/2020 10:28:49 AM

Friday, November 27, 2020 10:28:49 AM

Unfortunately, this was to be expected given the Covid travel restrictions that are hitting a bunch of companies.

I think it is good though that PLX didn't get a CRL like with other companies, but instead a simple postponing of the PDUFA date.

The company has the funds to weather this and so in the end this should be a annoyance, but a non-event as far as the value of the company is concerned.

I find it also 'good' that at the time of writing, this only appeard to cause a 2-3% change in the SP.

The intrinsic value, near term and the proposition of the company haven't changed.

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