LOL quote, "And these are not stem cells any longer, so there is no tumor risk. Not stem cells, RPE cells. To talk about tumors is
ignorance and scare talk, that ignores phase 1 data.
"
Funny how the ole FDA and Euro and other regulatory experts (like boards of M.D.s, Ph.D.s etc) and then even OCAT's sr mgt itself just sorta, kinda see it a tad different than that 100% false statement and entire false set of other claims.
OCAT is "trying" to find $10's of MILLIONS of dollars to spend as THEY, THEY in their own words are seeking a DRUG APPROVAL and have filed NEW DRUG filings for their products with the FDA, 100% in contradiction to the very incorrect claims made here this AM.
OCAT says they're working on DRUG TREATMENTS and seeking FDA DRUG APPROVALS- and is taking all the steps necessary for that and especially spending the money and structuring the clinical trials to "try" and prove their DRUG is safe and works- which in their own words and SEC filings they plainly state they HAVE NOR PROVEN YET IN HUMANS.
Any statements to the contrary are just 100% false hype IMO and nothing more. It's in total contradiction to the company's own words and statements and those of the FDA.
I'm gonna stick with the company's mgt wording and that of the FDA- who has oversight to approving any OCAT product for use and sale in the U.S.
"not like any other biotech before" blah,blah- yeah. Right. Maybe that's why they can't attract any quality BIOTECH FUNDING, as the money's apparently flowing to all the successful, sought after BIO-TECHS that "have the goods" and can deliver on their promises? Maybe?
It's at 6.1 CENTS pre R/S this AM. That's after they diluted out to over 3 BILLION shares of common stock and reached a literal 5 CENTS a share for this mythological tall tale of some imagined "miracle" that's supposedly "not like any bio-tech" ever before, blah, blah. Where's the money? Where's the products? Nothing stated "adds up" - it's teetering on survival mode, but is supposedly some greatest imaginary medical miracle in all of human history or something- all except the fact that none of that has, or is proving to be true so far.
