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Todays video is the last warning for short sellers of Cassava Sciences…
If you have been watching my channel regularly then you must be aware of the fact that the Cassava Sciences has been under shorter attack through a citizen petition filed to the US Food and Drug Control Authority-FDA since 18th August 2021. Now as per the Section 505 of the Federal Food, Drug, and Cosmetic Act, there are certain deadlines for the Agency’s final action against such citizen petitions. Section 505(q)(1)(f) of the Federal Food, Drug, and Cosmetic Act explains:
“FDA shall take final Agency action on a petition not later than 150 days after the date on which the petition is submitted. The 150-day period is not to be extended for any reason, including any determination made under section 505(q)(1)(A) regarding delay of approval of an application, the submission of comments or supplemental information, or the consent of the petitioner.”
Now you can calculate the days yourself, the Citizen petition was filed on August 18, 2021 and the maximum time of 150 days for the FDA action announcement would probably be over on or before 20th January, 2022. Now one aspect of the FDA deadline is clear that the Final verdict for the citizen petition would be announced on or before 20th January 2022, but Second aspect that whether the decision would be in favor of Cassava Sciences ? watch the video completely to understand my analysis over this issue and you would have a clear picture that what gonna happen on 20th January.
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