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Legend

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Joined: Nov, 2002

Posts: 56322

Posted: Nov. 4, 2015 - 7:49 PM ET #26

The money is for financing a phase 3 study which costs a lot of money.

wallstreetcappers

Covers Linesmen

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Joined: Feb, 2003

Posts: 58464

Posted: Nov. 9, 2015 - 8:54 PM ET #27

JMC,

Not so good on the data today, small study size and no blind placebo.

Stock getting smushed, I dont know how low it goes but I think it keeps sinking.

Legend

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Joined: Nov, 2002

Posts: 56322

Posted: Nov. 10, 2015 - 8:30 PM ET #28

I got out on Friday ahead of the data. I was on a plane and the market just opened. Had a bad feeling and I was about to take off. Had my finger on the sell trigger. And sold. Glad I did. This thing is getting creamed. I think it will come back though. The drug works. But I'm gonna stay away.

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