There is a 30-day period If FDA does not respond, it is approved, In this case QNTA would be May 12 or 13. Until now we still haven't heard a rejected notice from the company, therefore I assume 99% it get the approval.
"An IND application may go into effect: 30 days after FDA receives the application, unless FDA notifies the sponsor that the investigations described in the application are subject to a Clinical Hold; or
- on earlier notification by FDA that the clinical investigations in the IND may begin. "
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.