"If the FDA deciders are from the gang that presented a defense of Biogen to the advisory committee, then it is a done deal
If the deciders are not affiliated with Dunn and his gang, then it is thumbs down.
The make-up of the deciding committee is the key!"
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Agreed.
And because Monday is typically reserved for good news, I believe the deciding committee was indeed part of Dunn and his gang...and that's why Biogen was expecting a favorable decision.
But with all of the blowback from various entities, I think the FDA may have to punt the ball and require a second P3...which is the same as getting rejected in the eyes of WS.
If that happens, I believe Anavex and the other baby biotechs will rally big time. (AVXL could easily break their $28 high)
Timing is everything...
If the announcement is made first thing in the morning, I expect it to be favorable for Biogen.
If they withhold the announcement until the end of the day, I expect a negative statement.
Buckle up...Monday could be pretty exciting!
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