Of course I already know this. I also know Ipix-model R**n had no approvals to show for the first 20 years. And they failed a trial test and abandoned drugs in these years. The price of shares was poor and value of the company was low. It is normal. But the market is not always right.
I know investing a lot of money into small biotechnology business is a super bad idea for anyone timid or weak. Many things can go wrong and you have to wait maybe for years or decades to find if you made the good choice. But in general if the science is good the market and the money will find you eventually. And I like the science that Ipix and I own.