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DewDiligence

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DewDiligence

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Re: rwwine post# 239979

Friday, 10/15/2021 7:19:26 PM

Friday, October 15, 2021 7:19:26 PM

Post# of 257484
Re: RVNC CRL

Daxi approval is now a late-2022/early-2023 event, at best. The additional wait is painful because RVNC’s cash burn is high, making another capital raise all but inevitable. For a biotech investor, today’s news is about as bad as it gets.

Nevertheless, I’m holding all of my shares because CMC problems are fixable and I’m confident Daxi will eventually be a big-selling drug. I’m not planning to add, at least for the time being.

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

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