"4/5 might be correct in a holding pattern low end est for sure, waiting for FDA in JUNE.. but after that, assuming approval, anyone spewing 4/5 as FV, will be laughed at until there is no oxygen left in the room to do"
I agree with you, and that's what I said. I see this one trickling down to $4-$5 over the next weeks.
If it gets approved, it might get in double digits unless they sell the news - i do not know, too early in the game.
On the other hand, I believe there is a huge possibility arna will also get a CRL. It makes me wonder, if that's not the game fda wants to play on weight loss drugs - as you know, for years they didn't approved any weight loss drugs. Suddenly, they are willing to looks closer into them, but it looks like they slam them with a CRL first, maybe to show that they really analysed the drugs test results very closely. Or maybe, they will just end up rejecting all of them and say at the end: hey, we tried, looked at all of them and the risks are too high. As I said, I do not know what's their game, so everything is just speculations.
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