Misunderstanding5 Jan 2023 10:23
....on Biotech stocks. Far too many people concentrate on cash burn, rather than the tech / IP.
Almost all small or mid cap biotech companies don't make money, especially those in R&D. This is the whole point, they research, develop and if results are good, they usually are taken over.
It baffles me why people invest in R&D and expect profit.
I'm not in here but I'm in other biotech stocks. I do now see 31p being oversold and if it drops any further, I intend on buying in. Today's drop will have caught the eye of larger pharma's.
Good luck everyone