I agree with that assessment too. In my opinion there is no doubt to PFE's ADCOM and ELTP's decline late in the trading day. The correlation to the two events suggest causation, further, I acknowledge that correlation does not always equal causation, if ever.
I REJECT the continued false narrative that MM manipulation and/or "naked short selling" cause such erratic price action. Yesterday it was PFE's ADCOM period.
As to the question of whether or not PFE's ADCOM should have caused a sell off, I agree with your point too. It appears that PFE will obtain ADT label for 2 out of the 3 routes, the third route being oral has long been acknowledge as unaddressed in any of today's technology, including ELTP.
Further, it seems plausible that NH will soon follow this event with an application for ELI 201 (the generic version of PFE's ALO-02?).
Again, I agree with assertions and your objective approach. It's a refreshing departure from the obstinate and defensive discourse to the multiple opinions that make up a market.
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