SYN - $.186 - Am holding for now. Will see how this settles and/or moves and whether or not to average down later. I'm a patient man when I need to be.
I heard parts of the conference call. From what I heard, from a common sense "did it work?" standpoint, everything was well regarded and there's a lot of interest in the study and results.
The 24 month did not meet its primary endpoint and they mentioned that the 24 month was only an "exploratory" trial. I believe that's mumbo jumbo speak for we didn't get the results we wanted, but in our Phase III which we are now planning on doing, we'll add more patients and set this up so it'll be a winner.
They mentioned that they would probably use 250-300 patients for a new study which should "quite easily" meet the endpoints, as this 24 month was not setup correctly to do so. (yada yada).
They mentioned that they are planning to move forward and are in partnership talks with many, yada yada yada, as expected. No questions about why they cancelled their equity agreement that they had.
They did meet the 12 month and results look good for that IMO. But market wants what market wants and as such, I'm holding for now. They mentioned something about a cognitive trail also.
They also mentioned that their last patient follow up will be in June for this study.
Holding...for now.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
