If that was entirely true, Missling would never go to any investor conferences to try to interest people in investing. He just stick to medical conferences on the clinic.
I realize that and am not selling my shares--just wish things would proceed a bit faster (in the lab)--I've been investing in biotech since the late 80's (Centocore,Liposome,Elan,Amgen,etc.) and have not experienced "progress" this slow.