Thank you GVX808 for quick research. I believe Mackie have made a huge error in interpreting the release as I read it. Here is what I think:
the study report stated quote:
"The Company investigated a 20 mg and 40 mg dose of Ifenprodil. Based on the initial data review, no significant changes were observed in the 40 mg dose group."
To me the "no significant changes" means there were nearly similar results for both the 20mg and 40mg doses, meaning a low dose does the lung repair , and there may not be a need for higher dosage at all. No changes to me means near similar results for both 20 and 40mg doses.
But Mackie have a different interpretation:
AGN disclosed 40 mg did not show any effects in this study while the 20 mg dose demonstrated some
trends. Based on the lack of dose response, we unfortunately would not expect this
indication to be advanced."
The "40 mg did not show any effects" part of this statement to me is inaccurate, the 40 mg had no significant changes from 20 mg. This led to the AGN share price dribbling to 25 cents seemingly as per their recommendation. I am shocked that this may become a serious issue.
Again thanks GVX808, I appreciate your comments and research and now follow you!