Botanix (ASX: BOT) looks to be suffering (still) from the Donald Trump announcement that didn't have anything to do with them. That announcement set the whole biotech sector on edge and many companies are still recovering. Add to that what looks like fairly ordinary results so far and BOT has dropped significantly. All holders can do now is hold on. There should be good results coming through America's summer, and that should boost the share price.
Also, BIT may look at selling their Sofdra division to big pharma as it falls outside the scope of the punishing Trump announcment and allows big pharma to capitalise on something. This is only my thinking and I have not heard anything like this come out of BOT.
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