Mar. 20 at 6:04 AM
$PLRX amazing this went down/flat after being selected for AACR. Only a fraction of applicants are selected to be in. Hedgies might be accumulating to run it up next month after the meeting, usually only “best in class” make it which is why I’m surprised it went down after the news. Big investors will be watching April 18th. I’d like to see a big player like
$MRK opt in here and give milestone payments. This could easily run 500% + if so. I bought back my position after that tiny sell off. Still close to
$200M here with an
$82MM mkt cap and a good portion of the float locked up. Downside limited because of cash, I’d think if pln-101095 failed, they’d at least remove the poison pill and let Tang buy the company for the cash or reverse merger..
