Phio Pharmaceuticals Corp (PHIO)

[Inoviorulez]

Good management, good science, good pipeline. What more is there to say, but this company is doing everything right. Also there was a Confidential treatment order (CTO) filed today at around 12:00 p.m est time. I looked online and here is the explanation for such an order.


Dictionary Says
Definition of 'Confidential Treatment Order - CTO'
An order that provides confidential treatment for certain documents and information, that a company would otherwise have to file. A confidential treatment order (CTO) is issued by the Securities and Exchange Commission (SEC) and may only be in effect for a certain period of time, rather than indefinitely.


Investopedia Says
Investopedia explains 'Confidential Treatment Order - CTO'
Companies would typically seek a CTO in order to keep information that would otherwise put it at a disadvantage, a secret. For example, a company may apply for such an order to keep information regarding a pricing arrangement made with a partner, secret, since competitors finding out this information may go after the partner with a more competitive price