Points to consider in Biotech Drug Approval Process.
- Pay attention to whether a drug is unique and targets a large market. While harder to obtain approval, the unique drugs seem to be the biggest moneymakers for investors.
- Also pays attention to a company’s drug-approval track record. Has the drug or the company been through the FDA before? Do they have approved drugs? Has the drug already received a complete response letter in the past,
- You have to do research independent of the companies and sell-side analysts. Extensively google the company and drug deail.