Conatus Pharmaceuticals Inc. (CNAT)

[Theo]

I believe the next potential Novartis payment will be a "milestone" payment of which the criteria used to determine its implementation has never been clarified or identified... to the best of my knowledge anyway.

It would be nice to wake some morning with a PR stating that they have, in fact, issued a check for some benchmark reached...

I added today below 3.97. There was no whole-sale sell-off which suggests to me that confused/nervous money exited after MDGL's phase IIb success without really understanding the implications.