Well, BDSI has been in a free fall to $ 0/sh for the past few months.
However, I don't believe that FDA approval scheduled for Aug has leaked off course I could be wrong.
Many small biotech stocks have been blowing up lately. I have a small position in BDSI, which I am willing to lose but hopefully they will get approval.
I think the risk vs reward is still good. Approval means that this stock will be worth 200% or more from its current price vs total loss on non-approval. Similar drugs have been approved by the FDA.
However, I don't believe that FDA approval scheduled for Aug has leaked off course I could be wrong.
Many small biotech stocks have been blowing up lately. I have a small position in BDSI, which I am willing to lose but hopefully they will get approval.
I think the risk vs reward is still good. Approval means that this stock will be worth 200% or more from its current price vs total loss on non-approval. Similar drugs have been approved by the FDA.