Caveat emptor—Alimera moved closer to an IPO with S-1/A filing today. The company aims to sell 6.9M shares (including the 15% underwriter’s overallotment) at $15-17/sh:
Alimera is PSDV’s partner on the Iluvien program for diabetic macular edema, where the phase-3 clinical data have some warts:#msg-44824336, #msg-44830086.
Democritus_of_Abdera astutely predicted in September (before the phase-3 data were released) that Zebra’s Law would come into play: #msg-41337642.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”