I was thinking similar. If it was a definite no you'd think they would just say so. You would hope the Urologists in the US are requesting it. What troubles me is the corrupt nature of the US medical system and what competing treatments are doing in the background.
In the event of a shutout you'd think PEB would be a likely takeover target for a big US player with pockets deep enough to get its suite of treatments across the line.
Discl; Holding
There were some pretty strong comments from C21 and the Urology community. These comments (written and verbal) are new (I think) and make the scenario different to that in 2023. Who knows tho, heck maybe CrowdStrike will push the decision past 27 July 2024 😆.
I posted this comment late this afternoon on the Stocktalk site:
As I understand it, Friday 26 July is the final date for news of the Novitas decision. We will probably have to wait till Monday 29 for an announcement from PEB though, with the US running the best part of a day behind us.
I think that a negative outcome is highly likely and is largely factored into the current SP. However, there might be some good buying opportunities for the patient investor if the market overreacts, as it usually does, to bad news.
Conversely, it will be fascinating to see how far the SP might rise, if we get a better than anticipated result.
Fingers crossed and GLTAH. Interesting days ahead!
Last edited by pierre; Today at 06:37 PM.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
I posted this comment late this afternoon on the Stocktalk site:
As I understand it, Friday 26 July is the final date for news of the Novitas decision. We will probably have to wait till Monday 29 for an announcement from PEB though, with the US running the best part of a day behind us.
I think that a negative outcome is highly likely and is largely factored into the current SP. However, there might be some good buying opportunities for the patient investor if the market overreacts, as it usually does, to bad news.
Conversely, it will be fascinating to see how far the SP might rise, if we get a better than anticipated result.
Fingers crossed and GLTAH. Interesting days ahead!
Why do you think that a negative outcome is highly likely?
Bookmarks