InvestorsHub Logo
Post# of 252815
Next 10
Followers 73
Posts 3426
Boards Moderated 1
Alias Born 04/28/2004

Re: jbog post# 128169

Monday, 10/10/2011 11:04:06 PM

Monday, October 10, 2011 11:04:06 PM

Post# of 252815

You are correct, but the user fee's are part of their budget. The fact remains that their budget has exploded over the last 10 years.



Your argument is valid only if the volume of applications hasn't increased over the last 10 years, and if the complexity of each application is unchanged.

If the volume of NDAs / BLAs has increased, then an increase in the budget is reasonable.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.