RE: Reata shares tripled in 1 day after FDA approval7 Nov 2023 18:45
This share (Reata) tripled in one day from $31 to $93 but any investor wishing to have a holding of ten thousand shares, would have to have paid out $331,000.
To get a holding of ten thousand shares in Hemogenyx, costs just £210.
Of course the risk profiles are different but is it wrong to think therefore that more people would be willing and able to invest in Hemo and that therefore Hemo could easily do better than triple on positive FDA news?