RE:Companies Curious build: Ongoing phase 3 trial for photofin how is that news? Was it phase 2 before? Citing an abstract that was done last week on PDT treatment seems a little strange and not material news asap as you suggest - when I googled PDT with Photofrin it appears on Pinnacle Biologics older website. There is something not quite right going on here with how news is released by the company or not released by the company.
curiousbuild wrote:
have to release any material news asap when they are due.. so what makes people think both items weren't realized today? Companies cannot hold any material news based on some shorts or retail idiots' wishes.. Were shorts betting bigger than $35M settlement? because it was a known fact and priced in share price already. $12M is better than years of hurdle and lawyer costs etc. Does anyone know if there is another item like this on Concordia's shoulders? May be "potential buyers" want Concordia to be drama free.. Nobody wants to buy a company with outstanding settlements and worms crawling around. I like the drug news. CB