Biotech Values

[DewDiligence]

PPHM—If you were deliberately trying to cook the results they would have gotten much better results than they showed - at least they would have shown a dose response.

Not necessarily. In the intentional-sabotage/Zebra’s Law scenario, it doesn’t especially matter how good the reconstructed phase-2 results were. Rather, what maters under that scenario is that the phase-2 trial was not deemed an abject failure, enabling advancement to phase-3 and thereby stringing investors along for another 2-3 years while management continues to dilute shareholders via an actively used ATM facility.