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Biotech / Medical : biotech firesales
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To: RockyBalboa who wrote (2168)11/18/2008 10:33:55 AM
From: tuck  Read Replies (2) of 3661
 
I'm surprised the expectations were so high. It was a desperate act to buy this drug, even as cheaply as they got it, from Dove. When it failed P3 in back pain two years ago, the excuse was the placebo response was too high, masking the drug's effect. No one should be surprised by this failure, but what an obvious short candidate this was if you could borrow under $5 . . . Have fun with the grass; hope it works, but they have no cash or pipe, do they? So if you're lucky, they can be a useful shell company?

Cheers, Tuck
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