CoconutTrader3000
Oct 2, 5:05 PM
$SMMT I would actually like to see a rational logical evidenced based short thesis.
At the moment though the largest of the bear side is:
1. BLA won't get approved. They were told they needed stat sig OS by the FDA, they even had to disclose in a recent statement some months back that the FDA speciifcally reiterated that point to them. They do not have stat sig OS on the BLA submitted. Now yes, I know the FDA can still approve for a lot of reasons regardless if OS missed, just saying, they did tell them that and SMMT did have to reiterate it. It's not nothing.
Past that i see claims that global patients won't perform as well on it, which based on the data we've seen, western patients fell right in line with results from China so I guess we'll have to see. Harmoni-3 will be big and I still claim it's the bigger of the catalysts between FDA approval and H3 results.
FDA approval is being factored in to some extent. I know people disagree but I do think it is honestly to some extent.
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