ETON - Eton Pharma - PDUFA (round 2) by August 10, 2020
ETON
- currently 5.52
- 20M o/s
- 12m float
- CRL issued July 12, 2019. NDA resubmitted with new PDUFA date of August 10, 2020 on its EM-100 (Allergic conjunctivitis)
- 😴 low volume
- OK cash position, but not great. doubt they do a raise now, maybe later in the year
- chart looks good for 7+ ahead of data
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Comments
Maverick - 3 years ago
Chart is still getting hammered here. No change in the DD posted above. Just waiting on a turn headed into August 10 (less than 30 days now) and I'll jump in. It hit 4.84 on Friday - had I been paying attention, might have been tempted under 5.00. I'm going to set an alert to nudge me if it visits 4.75.
Biotech Swings 👨⚕️💉
| Created By: | Maverick |
| Created: | Jun 25, 2020 |
| Total Followers: | 5 |
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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.