Biotech Values

[edcoolidge]

It's a clown show. Reminds me of when Zoom video became a $150B company because "vid chat."

The market loves stories and right now the story is that being overweight is so 2010's.

It's obvious that being overweight impacts just about every health metric. I'm not sure how many more of these studies NVO and LLY can parade around before the market tires of the same story being repackaged over and over.

Don't forget the impact to food stocks like PEP and KO.

Also impacting aesthetics companies like RVNC imo—the narrative being that people would rather use their money for weight loss copays or self-pay than toxins.