Biotech Values

[spongepaul]

$hcm $chrs and $axsm all 3 receive CRLs this morning.
Many CRLs in the last few months. Are companies getting lax in their submissions, or is this something else going on? In RVNC case, it certainly seemed like they dropped the ball.
Are there just a higher number of companies participating? I don’t follow a lot of these companies so I am asking those who follow. Why does it seem like everybody is getting shot down