Lisata Therapeutics Inc (LSTA)

[akasidney86]

Ssa, I disagree completely. Yes, PCT produced income, but actually ran at a loss. However, that's not the important part from where I sit. If this was simply a selfish cynical move by management, why would you sell PCT? Didn't make money, but always had the potential to do so, and the money it did generate they could have ridden for a decade, easy.
However, they sold... which tells me that they are very confident that the Sanford trial is showing good results and that they don't want to go find more money on the open market to finance and carry those trials to a good end. I take this sale to be very bullish, as they now have the cash they need to finish enrollment and, given the good results I believe they think are forthcoming, enter the PIII landscape in a position of strength.