Replies to post #55715 on Biotech Values

[steveporsche]

ODAC justed rejected Avastin in Breast Cancer.

Sorry don't have a link as it came across the DJ wire.

[jbog]

So did I and now the FDA says no. Stocks halted.

[DewDiligence]

>just bought 500 shares of DNA<

The drop seems overdone, IMO. The FDA could well approve the sBLA despite the 5-4 negative panel vote.

Even if the FDA doesn’t approve, Avastin will continue to get some off-label use in breast cancer.