Craig, this was discussed exhaustively with qui
Post# of 148150
this was discussed exhaustively with quite a number of citations demonstrating that failure receive a BTD is treated differently than an RTF or denial of NDA or BLA
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I think that a granted or denied BTD would be considered a material event, because it could greatly affect the share price either way.
What you think and what the regulatory expectations are do not seem to be the same in this instance