RE:RE:HC Wainwright & Co
Didn't Wainright also used to have a 15 dollar price target and then lowered it to 6 dollars. What happened to their confidence in the company.
It was not the best CC that the company has had and especially now no mention of the panc phase 3 starting mid year and that has even been removed from the investor presentation and now only an update.
I guess it makes sense as they need a partner to be able to help fund the trial before they can start it so let's hope that negotiations are going on for real and not just playing games in the Black out at the expense of the shareholders.
If they are waiting for an inflection point such as OS and then we get the fda C guidance then it is possible that any phase 3 trial might not be able to start until 2025 which is quite different from MC stating that we would have 2 phase 3 trials going by end of 2023. Nothing like misleading shareholders.
Oh well and so we wait, what the heck, it's only been 7 years since we had mbc phase 3 approval with a spa so this round has gotta be better.
The thing that might change it all is an out of the blue announcement that is either a BO or partnership.