If ANDS’ BoD had shareholder value in mind, they probably should have liquidated the company instead of raising more capital and plowing ahead with ANA598, which is another loser program, IMO.
ANDS does not exactly have an impressive drug-discovery/development team; everything the in-house team has produced to date has either failed (ANA975, ANA380, ANA773) or is on the verge of failing (ANA598). Why give more money to a team that evidently doesn’t have what it takes to be successful?
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”