In the biotech and pharmaceutical world, FDA approval is the number one needle mover for drug stocks. Why? Because FDA approval for a drug or treatment can bring years or even decades of steady, high-margin revenue. This is why investors who specifically look to target drug stocks are always aware of an upcoming FDA catalyst for that company.
FDA approvals are bullish whether the company is a pre-revenue startup or a global pharmaceutical giant. At the same time, FDA rejections can tank a drug stock and erase years of gains in a single session. In this article, we’ll look at three companies that are awaiting key FDA decisions over the next couple of months. Depending on how that decision goes it could be a major catalyst that sends these stocks soaring in April.
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