Ascendis Pharma A/S (ASND) Social Stream
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$asnd due to very unfavorable risk / reward going into PDUFAs (like Ive been saying this for quite a while) I decided to exit position before Sept PDUFA in #beatthespy acchumour, published August 9, 2021
FDA is nuts in 2021 (delays, CRLs, extensions) and I won't allow them to fck up my pfolio 😬
Will plan to re-enter after PDUFA, depending on price action and actual decision
Originally I was planning to hold but biotech sentiment is horrible and Id rather own something cash flow generating. Bought $INSP (around ~3% position) temporarily or not, time will say. I love the company and wish I owned them earlier however ~$10B tam alone in the US still makes this decent long term story imo.
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