The reason the PPS did not tank is likely because most knew or suspected it was a CMC issue. That said SPPI had seven years to get those issues worked out.
I'll be happy with revenue over $300M. This set-back likely cost SPPI two quarters of income, so it's not trivial.
In any event we may see a gradual rise in PPS as we move through the spring and summer in anticipation of the news flow in forth quarter.
I just hope they are correct when they tell us that Pozi cohort 1 is registrational and that the data is on track for approval. Their credibility is shaky right now. It makes the risk/reward ratio more negative that necessary.