Originally Posted by
Sanlmar
Wade in here Verm
Gonna need a tax attorney? Personally, I can use offsetting losses from yesterday’s SPX short lol
Hype and momo is therapeutic too.
Well, it is just a press release. Not much to look at. I mean if it is a drug everyone can just take and it will decrease your chance of an adverse event by ~50%, that sounds better than any other therapy we have right now. But we are a long way from knowing if that is the case yet. We have to see the actual efficacy data from this study and then do a whole Phase III trial. And then they would probably have to do some sort of deal with a big Pharma for manufacturing. No way this rinky-dink company can ramp up manufacturing capacity on their own.
So let's say it is the real deal and everything goes right. How long would it take before this drug is even approved and available for the masses? And what is the chance by that point we have a vaccine and it is a moot point?
Stock is at $5.8 right now FWIW and going down. That must be all the executives selling more of their shares after the pump.