Scrying Biotech
Long only, biotech, micro-cap, small-cap

Thank You For Riding The MannKind Catalyst Train - Please Exit Safely At The Next Available Station

The biotechnology sector of the stock market has one singularly unique aspect that differentiates it from any other sector - the FDA Advisory Committee Meeting, or Adcom, as it's commonly abbreviated. According to the FDA website, Adcoms are "committees and panels to obtain independent expert advice on scientific, technical and policy matters." But to companies that face them, they're perilous dates with destiny that almost always end in disappointment, conclusively determining the fate of a company's commercial product candidate and consequently, the size of a shareholder's remaining position in that company. Because of this, adcoms have become the very definition of the binary event which has one of only two possible outcomes - very positive or very negative.

Last year,...

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