Biotech filed for bankruptcy 11 weeks before its big FDA decision
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Biotech filed for bankruptcy 11 weeks before its big FDA decision – Your Capital Minds
You can be right about the science and still lose every dollar you put in. That is the hardest lesson in small-cap investing, and it shows up in credit agreements and amendment schedules, not in press releases. Here is how the game usually works. A young drug company raises money against a future event, an FDA decision, a trial readout, a launch. Lenders size the loan to the story. You size your position to the same story. Everyone stares at the…
Biotech filed for bankruptcy 11 weeks before its big FDA decision
You can be right about the science and still lose every dollar you put in. That is the hardest lesson in small-cap investing, and it shows up in credit agreements and amendment schedules, not in press releases. Here is how the game usually works. A young drug company raises money against a future…
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