It's a nothing burger. I wish they had announced a partnership at this point, not even an IND approval would not cut it. This is going to be another source of accelerated cash burn. The share price reaction is not going to be favorable.
The market has reacted logically almost every time a company like ADXS has put out news. Only 'Show me the Money or 'Show me FDA approval-worthy, irrefutable data' works favorably for investors. Anything else that impacts pps in a positive way is ephemeral; reminds one of moths being attracted to a flame.
The market will have the final say, even as some seek solace in the term 'manipulation' when things do not go their way. (Some one paid as high as 70 cents pre-market while the low was 57 cents, while volume was close to a million shares?)
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