Nov. 14 at 12:25 AM
$AFMD not sure why but seems there are some big misunderstandings about how biopharma/biotech industry works. Below are some thoughts (just IMO):
1. Niche market is the go to choice for vast majority small biotechs,
$AFMD is not exception here. Total available market (TAM) matters very little to small biotech and if they do aim to have commercialized products, serviceable obtainable market (SOM) is what really matters. Niche market normally means much less competition from big players and lower bars towards FDA approval.
2. There is no "trend" in the biotech world. Numerous small/big companies still uses approaches with decades of history for drug discovery -- especially for small molecule drugs. The only "trend" in pharma world is A) if the drug works and B) if it is safe.
3. Nobody in the world can force or guarantee a buyout. BUT, if a drug is promising (works and safe), scalable and doesn't need very complex logistics (unlike
$ADAP's drug), it will draw serious interest.