Proteon Therapeutics, Inc. (PRTO)

[Leonard McKinley]

I think that the market reaction is completely sensible. First, after this complete screw up the primary IP is worthless. That leaves only a couple of phase 2 candidates. On top of that the credibility of management is seriously impaired. Thus, the value of those two P2 candidates is also doubtful. Finally, the probability of class action lawsuits in this situation is HIGHLY likely. Why should anyone buy this company with this crap smeared all over its face? Long shot double, at best.