I can't really give you any advice nor do you want it. :)
It all depends on your situation, I'm not familiar with the co., what made you buy it? What's your time horizon? If you sell now you will definitely take a hit. I'll assume you're not a trader (swing trade, daytrade, etc.) or you wouldn't be asking. Nothing wrong with being a long term holder in a company you believe in.
One of the best biotech men I'm familiar with seems impressed by their pipeline, but none are in trials yet.
Translation: it will take some time and patience on your part.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112682706&txt2find=cdtx
Good luck and I wish you the best.
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