Re: RG7128 passes Phase 2b safety review
Given the prior safety signal, passing the interim review and proceeding to the second stage of the phase-2b trial is a significant milestone for VRUS, and it’s surprising the stock rose only 1% today.
With an enterprise value in the $500-600M range, VRUS is overpriced (IMO), but the positive safety review for RG7128 means it’s less overpriced today than it was yesterday.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”