Probably not overvalued. The problem is that its trading at ~$40 and the FDA comments are imminent (Beginning of May). If approved, the stock will probably jump ~20%, or so to about $48-55, but if it is not approved you will see a 65-75% decrease. Look at Medivation for example (MDVN). MDVN went from $40 to $13 in one day, its currently at $11. If you are unfamiliar, MDVD fell over 70% in one day (March 3, 2010) when its Phase III results for Alzheimer's came back completely shitty.
I would be careful as there is little upside and a ton of downside.
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Probably not overvalued. The problem is that its trading at ~$40 and the FDA comments are imminent (Beginning of May). If approved, the stock will probably jump ~20%, or so to about $48-55, but if it is not approved you will see a 65-75% decrease. Look at Medivation for example (MDVN). MDVN went from $40 to $13 in one day, its currently at $11. If you are unfamiliar, MDVD fell over 70% in one day (March 3, 2010) when its Phase III results for Alzheimer's came back completely shitty.
I would be careful as there is little upside and a ton of downside.
Grad....are you buying?
Sed dolorem minus assumenda eum dolorum est. Eligendi atque aut excepturi quas hic occaecati vel aut. Eius officia incidunt eligendi animi doloribus.
Maiores aut ea blanditiis tempore quis qui. Voluptatem ad voluptas veritatis consequuntur accusamus. Ducimus incidunt inventore error quasi ratione et. Provident nemo nostrum alias est ut maxime itaque tempora. Rem vero dignissimos dolore enim. Libero error a iusto libero.
Neque rem doloremque cumque rerum ut sit. Nemo ipsam soluta totam sit illo ut dolore.
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