Approvals?21 Sep 2023 18:42
I have a small holding here (typically bought too high) and am thinking of flogging a miner (they're sooo slow!) and switching into here. But I've had fingers burned on pharma related stocks before. It may seem like a silly question, because clearly the company are confident otherwise they wouldn't be proceeding, but does anyone who knows more than I do have a genuine, balanced feel for the risk here? What is the chance that the trials could fail, or one of the approvals fail?
I know nothing's guaranteed but taxes and death, but the atmosphere surrounding this stock seems to be all unguarded optimism, and in my experience, that's reason to at least pause for thought. Or should I not worry?