Biotech Values

[rfj1862]

ARAV

Just appointed a new and reasonably well paid COO to lead their launch in advance of their Phase 3 results which should be reported shortly.

If you work in biotech/pharma, you know that there are a number of days or a week elapses between when the data are available for a study and when you press release it simply because it is physically impossible to do an instant press release.

My guess here is that they have the data in hand and were confident enough to hire this person. They probably negotiated with her in advance and made the hire contingent on knowing whether they have a viable product.

Either that or the data are bad and the COO is going to be out of a job in 3 months LOL