Tuesday, June 11, 2019 11:07:32 AM
The main thing holding the stock back--other than having been delisted--appears to be the company awaiting FDA approval for its VBX-100 drug application. Without FDA approval, they can't move forward with clinical trials. Though I wouldn't be surprised to learn there has been some quiet movement on that front in Canada.
It would certainly be nice to see: (1) the company regain its listing on a tradeable exchange, but that's not going to happen until the stock price recovers substantially...and that's not going to happen until there is substantive news; (2) FDA approval for its VBX-100 application; (3) Approval for some/all of the 79 patents applied for on more than 200 different compounds.
Though I've always liked previous management, they were never able to execute and gain any footing. I am optimistic this new leadership team can get something going once some of the needed approvals come through. Meanwhile we wait.
Hope springs eternal!!!
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