Market acceptance of Avanex potential should cause a market cap increase to $5 to $7 billion or more. That might and should happen before any approvals, in fact I think that it is happening now. It could be slow or it could flash over, to use Nidian's apt description.
But that is hard to predict as far as timing.
I usually look for biotechs that are either ignored, misunderstood or actively bashed. Arrowhead and it's gene silencing tech was ignored and Wall Street pumped gene editing tech. Sage was ignored, depression was too tough a nut to crack. Anavex actively bashed and shorted , all the BPs had failed so Wall Street said it would fail but pumped AXON. (Oppenheimer had AXON on its conviction buy list! haha)
Northwest Bio was incessantly bashed and shorted down to sub $0.30 but may be on the cusp of completely shifting the cancer treatment paradigm.
CytoDyn is and was incessantly bashed shorted and ridiculed but may have the most useful and widely applicable mAb in history.
If I had the time I would like to back test a number of stocks that that ignoramus AF of STAT News actively and incessently bashed. AVXL was a favorite AF target now it is 10X from December 2018 lows with at least another 10X to go. CYDY and NWBO the Ignorant One's other favorite targets are both up 10X from around a year ago with at least another 10X to go for both of them.
I had to do hard work to find Anavex, Arrowhead and Sage. But AFs consistent bashing of Anavex led me to CytoDyn and Northwest Bio. Up big time in all of The Night Joker of Biotech's three favorite targets. It seems one can get the best clues on the Companies to do deep DD on just by keying on the what AF is most vehemently and incoherently attacking.
Another AF back test; I found out long after the fact that the CEO of Arrowhead Research was on AF list of worst Biotech CEOs back in the day.
How ironic that three companies that AF wrote the most negative articles on might end up being One Hundred Baggers.
To quote that other dweeb Anavex basher, JFinn in Dallas, "You can not make this stuff up."
