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DewDiligence

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DewDiligence

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Re: jq1234 post# 207060

Sunday, 12/18/2016 1:23:59 PM

Sunday, December 18, 2016 1:23:59 PM

Post# of 252146
The 85% layoff* implies that OPHT itself does not think the remaining Fovista phase-3 trial (#msg-127189251) is likely to succeed. This is sound reasoning in light of the Fovista and REGN failures for this MoA. Canceling the second year of observation in the failed phase-3 Fovista trials also makes sense.

I suppose management deserves some credit for acknowledging that the company is in dire straits.

*I deleted my erroneous post that said the layoff is 15% of the workforce rather than 85%. I misread the 8-K filing (https://www.sec.gov/Archives/edgar/data/1410939/000110465916162476/a16-23283_18k.htm ), thinking that OPHT was axing 20-30 employees rather than keeping 20-30 employees.

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the foremost piece of B.S. ever promulgated
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