If you don't understand Biotech it is a good time to buy bank stocks
You don't have to be a Biotech wizard to know that Dr. Ji has done an abysmal job of execution and investor relations. He might ultimately get products approved and sold but he has fumbled the rollout of his COVID portfolio during the most favorable approval climate we will ever witness.
I don't disagree that the FDA is either corrupt or incompetent (or maybe both) when it comes to Big Pharma but other small biotechs have gotten products approved while SRNE has dithered away this opportunity. Dr. Ji has not yet demonstrated that he can get a product marketed... he has Ztildo approved but has seen lackluster sales. He has COVISTIX approval in Mexico but who knows how much is being sold there. He treats SRNE like a family business rather than a public company that is owned by shareholders.
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