VRCA - PDUFA by July 13, 2020
- 25M O/S
- 12M float
- Plenty of cash (+much of it is non-dilutive)
- PDUFA by July 13, 2020 on VP-102 Molluscum contagiosum
- Originally saw this at 12.00
- Currently 14.00
- No position yet, unfortunately, but will take one this week
- It's not a heavily traded stock so it might be a bit volatile and large spreads
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Comments
Maverick - 3 years ago
It ended up being luck that I didn't get into this one like I was planning (see comments below). They got delayed.
https://investors.verrica.com/news-releases/news-release-details/verrica-pharmaceuticals-provides-regulatory-update-vp-102
https://investors.verrica.com/news-releases/news-release-details/verrica-pharmaceuticals-provides-regulatory-update-vp-102
Biotech Swings 👨⚕️💉
| Created By: | Maverick |
| Created: | Jun 25, 2020 |
| Total Followers: | 5 |
| Follow | |
The strategy here is simple: take 3 to 60 day positions in biotechs that have upcoming catalysts (data readouts, approvals, etc).
Offerings are the major danger, so always be mindful of cash position of the company you're trading.
Offerings are the major danger, so always be mindful of cash position of the company you're trading.