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Thursday, August 17, 2017 1:05:37 PM
I really don't see how there is any other reasonable conclusion that can be reached. Investors should prepare themselves for bad news.
Now, if there is enough there to give the FDA hope for the future of the drug, they may be willing to make the company's requested changes since the FDA would likely be aware that the company may not survive if they are unable to raise money soon. That may be the best hope right now. But the company likely needs money right now and it is hard to see how they raise the needed funds anytime soon if they have to find more patients and have to revise the data analysis. New money would have to be skeptical and the discount to the current price would likely be severe.
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