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Started By
Message
re: Akebia Therapeutics (AKBA)- Vadadustat FDA Approved AT LAST!!
Posted on 3/29/22 at 9:34 pm to Chucktown_Badger
Posted on 3/29/22 at 9:34 pm to Chucktown_Badger
quote:Yes. Those with anemia from CKD that are both on dialysis and not on dialysis.
Did they submit for two indications?
The goal of the drug is to raise hemoglobin levels within a reasonable range.
This post was edited on 3/18/24 at 9:57 am
1
Posted on 3/30/22 at 6:25 am to bayoubengals88
Didn't think it would take this long.
You'd think a CRL would have been released yesterday if that were the case.
You'd think a CRL would have been released yesterday if that were the case.
Posted on 3/30/22 at 8:16 am to bayoubengals88
Stock going crash!
I always lose these coin flips
I always lose these coin flips
Posted on 3/30/22 at 8:40 am to bayoubengals88
Yeah, not getting good vibes. I sold some earlier in the week to lock in gains and thinking about getting out. The shares I still hold have a $1.91 cost basis. Can’t decide whether to settle for decent gains or hold and hope they got approval.
Posted on 3/30/22 at 8:41 am to WDE24
honestly can't remember -- is this the make or break for this company? Is there no reason to own it if denied?
Posted on 3/30/22 at 8:44 am to jmcwhrter
They’ve got other drugs and this drug is actually approved and in use in Japan, so it may not go to zero on denial. 
Posted on 3/30/22 at 8:50 am to WDE24
If they got approval the PR would be out by now.
Posted on 3/30/22 at 8:57 am to Chucktown_Badger
maybe the PR guy had to stay home because his kids' school is closed for rain?
Posted on 3/30/22 at 8:58 am to Chucktown_Badger
I agree. I have sold 60% of my position this week for decent gains. Hopefully enough to protect from a loss on this if we are right.
Posted on 3/30/22 at 9:03 am to Chucktown_Badger
quote:
If they got approval the PR would be out by now.
Not really. They have 3 days to disclose the approval. Generally speaking if they were to get a CRL or extension that would be announced sooner rather than later. Later usually means approvals but not 100%. Maybe they had a deal with a bigger company that would purchase AKBA upon FDA approval of the new drug. It could be great news it could be bad news but the fact nothing has been released yet makes me think more good news than bad.
Posted on 3/30/22 at 9:05 am to redfishfan
might be waiting for a volcano or an earthquake to act as a distraction
Posted on 3/30/22 at 9:05 am to redfishfan
quote:I want to believe. Why do you say this?
Later usually means approvals but not 100%.
Posted on 3/30/22 at 9:17 am to jmcwhrter
The market is already telling us “no approval.” The volume with the drop says it all.
Posted on 3/30/22 at 9:34 am to WDE24
quote:
I want to believe. Why do you say this?
CRLs or extension are generally released before decision date. Not always but generally speaking. You can find countless examples of approvals announced after the decision date. Again, its not 100% but the majority of the time no news ends up being good news when it comes to these bio stocks.
Posted on 3/30/22 at 9:36 am to Hussss
quote:
The volume with the drop says it all.
Didn't this stock do tons of volume yesterday and move exactly nowhere?
Posted on 3/30/22 at 9:45 am to redfishfan
I may regret it, but I’ve now sold 80% of my position. I’ve made enough now that it could go to zero and I would basically break even, so I will hang on to the rest and hope you are right.
I’m wondering if there is a point where buying back in makes sense if it continues to drop with no news. $1.75?1.50? $1.25?
I’m wondering if there is a point where buying back in makes sense if it continues to drop with no news. $1.75?1.50? $1.25?
This post was edited on 3/30/22 at 9:53 am
Posted on 3/30/22 at 9:46 am to redfishfan
quote:
They have 3 days to disclose the approval.
Where did you see this?
Approval is material to the share price and withholding it for any amount of time significantly increases the likelihood of insider trading, and more importantly the clock is ticking...they want the news out there as soon as physically possible so they can get started on their promotion and leverage the approval coverage. And the FDA posts all response letters to Drugs@FDA in a timely manner to provide transparency.
This post was edited on 3/30/22 at 9:47 am
Posted on 3/30/22 at 10:02 am to jmcwhrter
quote:
Didn't this stock do tons of volume yesterday and move exactly nowhere?
Big funds and big banks colluding? Where have we seen this before?
JPM on the phone with XYZ hedge fund: “ Ready to make some serious coin? Short AKBA while we hold the price up and wait on ya (yesterday).”
Today, all systems go. Same ole wash, rinse and repeat.
This is why I hardly invest in individual names any longer and only play market direction through ETFs. Unless you have some serious inside info playing smaller cap individual names, you are fricked!
Posted on 3/30/22 at 10:13 am to Hussss
Couldn't the opposite also apply?
"We'll hold the price down while you accumulate"
"We'll hold the price down while you accumulate"
Posted on 3/30/22 at 10:21 am to Chucktown_Badger
quote:
Where did you see this?
I could be wrong but I've seen it on stocktwits a bunch of times and nobody has ever questioned it so I assume it to be true. Could be 100% wrong though. Google didn't help me find the answer either.
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