Tuesday, August 14, 2018 10:34:23 PM
Hopefully cooler heads will prevail. Checking out Madrigal Pharmacueticals Phase 2 clinical trial. A 10 person operation, but tons of work product under thier belt. Stock exploded on positive results.
It climbed from 15 to over 300 before settling down in the 200's. Their Nash drug is leading the Wolfpack. A few others popped thier cherry as well. It's a crowded and highly competitive area to target now.
Here's a couple Links:
clinicaltrials.gov/ct2/show/NCT02912260?term=Mgl-3196&rank=5
www-bizjournals-com.cdn.ampproject.org/v/s/www.bizjournals.com/philadelphia/news/2018/07/26/how-a-little-10-employee-pharma-company-hit-a.amp.html?amp_js_v=a2&_gsa=1&usqp=mq331AQCCAE%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.bizjournals.com%2Fphiladelphia%2Fnews%2F2018%2F07%2F26%2Fhow-a-little-10-employee-pharma-company-hit-a.html
Out and about right now, but found thier clinical trial costs on their website if I recall correctly. I'll post it to the Breathtec board when I get a chance unless someone else does. Good info in it regarding cost of thier trial @ Phase 2 stage.
The BIG problem with our management is they cannot be trusted to do anything other than milk us dry for thier Family and Friends Plan. They consistently fail to provide us with enough detailed information to make sound decisions (guidance).
Just throw together a BS LOI with a no track record - know nothing about startup (except our March 2018 replacement CEO @ Breathtec may have engaged in Self Dealing as CEO of both Breathtec and Nash Pharmacueticals), and we're suppose to simply take it up the wazoo. Not!
What a waste of the best shareholders they could have wished for. Kal & Company (Bullrun) are simply a crew of wild and reckless cowboy's with our money. Give them enough rope and you know how the story ends.
Peace,
/////AMG
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