Any thoughts on CATB in general Dew? They had decent p2 data and their DMD drug is said to be able to target 86% of DMD mutations vs much lower % for SRPT. They also have a collaboration with SRPT. Wondering if they are trimming staff for a sale. They are low on cash but haven’t raised for some time.
CATB closes +13% from yesterday’s AH low upon the layoff news.
The line in bold from yesterday’s PR stood out to me:
Haven’t seen a company say they may start a phase 3 depending on capital raise. I am curious if I am reading into it too much or if they are selling the company and used the vague language intentionally.