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Originally Posted by wutamess
Thinking of getting 50 shares today... Good buy and hold you think or look elsewhere?
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Sorry I haven't seen yours and JHS' posts til now. I'm big on these start up drug companies that have control over future profits of novel drugs that they want to bring to market.
Portola had a minor hiccup last Fall when they applied for approval but the indication from the FDA was 'hey we know your drug works but you're getting a little eager... So quit being rookies and see you again in 6 months'. PTLA already applied for FDA approval on their other drug, betrixaban. In second quarter they are expected to reapply for approval of andexanet Alfa which is expected to go thru. Their clinical studies so far have been compelling. Warfarin will be a thing of the past if this drug goes thru.