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Originally Posted by xxxjay
So even if the FDA blocks Orasure...the sales are going to go up becasue of all this new goverment backing, but then...
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IMO not true, if it gets blocked, its over for the product. the gov't will not back something not approved by the FDA. i took a quick look at the stock, i like it a lot, except for 2 things: it already trades at pretty high multiple, and secondly - you put your faith in whether the FDA will approve or deny it. what other products are out there that can compete with it it, any? is it pending patent, how far along in the FDA is it?
i have to do a bit more research.
i like the fact its only worth half a bill, and not one major ny investment house covers the stock - you can still get an info advantage over everyone else.