PLX - Any bigger scam out there?
PLX is currently traded at a mkt cap of over $2 billion and ALL they have is an open label phase-1 trial for Gauche disease (GZMR already has an approved product - current mkt is slightly over $500M).
PLX has an SPA with the FDA for a pivotal trial, but even if they succeed, i canNOT understand this lofty valuation.
Note also that PLX popped from $13 --> $39 within the last week based on a very small in-licensing deal. UNREAL.
Very little float, no institutional holders, no insiders buying.
It smells like a scam, walks like a scam and looks like a scam...
BTW, I would also suggest moving the PLX i-hub MB to the Biotech section.
Disclaimer: short PLX -- but pls free to correct me if I am missing something.
