Definately could be worse, I just got my as* handed to me with an FDA drug approval denial on ANX, because, get this,
"the authenticity of the drug products used in the pivotal bioequivalence trial (Study 530-01) could not be verified"
How stupid can people be? Stock was up 30% from Friday low, and is now down 61% after hours. This was their second denial on the same drug. The last time it was because they changed suppliers (manufacturers), and FDA want new 12 month stability tests (but failed to mention this issue back then).
I am finally starting to believe buy and hold is dead.
OK, back to TTEG. We may get a major rally tomorrow, here and in the market, but it won't be ANX that rallies. :(
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