I know one medical device company with one small clinical trial and their OS is ~151M. IPIX has eight clinical trials, five of them being Phase 2, and their OS is ~138M. Both companies have similar MC. Here're the trial timelines to date.
Those are my evidences. To prove your point you need to show a company with similar MC, has more trials but less OS (pre-split) than IPIX.
O/S is getting awfully high for where they are in the phases.
FUD - Fear, uncertainty and doubt, is generally a strategic attempt to influence perception by disseminating negative and dubious or false information.