I guess that's what shorts are counting on. Royalties won't ramp up significantly for a long time and there hasn't been enough progress on Halo's proprietary products. Roche is supposed to have up to 8 potential targets. Do we know if they are working on anything else?
I'm hoping for $4M in royalties in the third quarter. If we get $5M or more, I think the stock will take off even without other significant news.
Rivipansel is in phase 1 trial. In addition, it appears Pfizer has elected to select 4 of the 6 therapeutic targets thus far, according to the Halo website. Hopefully we can get some color in the upcoming earnings call.