Wow thanks for the great update wimusky...sooooooooooo now we know the ugly truth...no HAP studies even started yet...and despite mgmt. claiming that they feel they will complete the HAP studies in a relatively quick timeframe, most pundits feel such oral and nasal studies take 9 months...so I for one don't put much weight in their July/August timeline...especially since they haven't even had a fricken meeting with the FDA yet to even have the FDA approve a protocol.
Furthermore, the fact that they anticipated launching PODRAS trials sometime in the back half of 2017 and now claim that they're shooting to launch PODRAS trials sometime in the 1st half of 2018 but are still trying to resolve what hoops to jump through...also means we're probably gonna be lucky if they even launch those trials by/b4 June 30th.
So in a nutshell any positives we may have been hoping for on the oral and nasal studies are still a ways out...and any positives we may have been hoping for on PODRAS trials launching are an even further long ways out.
Meaning the best we can hope for now is the FDA finally getting around to approving Pristiq or Lamictal b4 the clock runs out on the deal with MNK.
Very disappointed in the timeline update on both PODRAS and their NDA candidate formerly known as Rexista but I'm definitely not surprised.
I now believe that a reverse split is most definitely in the cards because I have zero faith that we're gonna be getting any positive news from the FDA approving Pristiq or Lamictal anytime soon...and without any movement on the PODRAS trials or HAP studies on their OxyContin NDA candidate we've basically had ZERO relevant progress occurring behind the scenes since last summers Rexista AdCom disaster and that my friends is a tremendous letdown.
I just made your post a sticky because it accurately reflects that since the HAP studies PR last summer not a single step of progression has taken place 6 months later.
I'm glad IPCI mgmt. finally came clean with the updates on where they're actually at on the PODRAS trials and HAP studies fronts...at least they finally decided to quell any positive speculation and admit they haven't done a damn thing on either of them.
Bring on the selling wave we all know those 2 ugly updates will bring.
My only real questions now are when is the reverse split? What will be the reverse split ratio? And when will the next offering hit?
Stick a fork in this stock it's toast til sometime down the post reverse split road...maybe in 2019 Dr. Odidi can actually prove capable of unlocking any relevant here whatsoever.
Hilarious that mgmt. told mopar and Impact Trader that they didn't think they'd need to reverse split!