All they do is steal money from hapless investors. (Well...) Go and see if that firm ever made one cent. (Well...)
"As far as the pharma offer, it is odd that there was not a follow up. if a pharma was serious they would not make an offer without DD including really taking a deep dive into all the data from the studies."
I can see a scenario where an exec asked Dr. Z to lunch to discuss, and that counted as an unsolicited offer without a firm monetary value.