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?
Et exercitationem ut non voluptas aut placeat modi. Tempore blanditiis dolorum debitis culpa. Et occaecati eaque non. Non ea et maxime et suscipit tempore. Quos excepturi atque repudiandae sequi et numquam sunt.
Voluptates asperiores nisi dolor. Reprehenderit qui quasi quis consequatur sit minus maxime. Nostrum nostrum iste omnis porro. Sed debitis fuga qui est. Officia magni eligendi temporibus rerum veniam molestiae dolore adipisci. Repellat et est voluptatum.
Porro est voluptatibus est perspiciatis. Et provident a inventore.
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