CEO trust is earned not entitled. Missing didn’t found Anavex nor did he invent the 2-73. So don’t get confused between good science and good execution. The shareholders own the company and expect execution from the CEO. The board includes Missling’s Munich buddies on the board had voted to remove his chairman title. That tells you all you need to know.
Missling was the one putting the 10 job opening on the company website but failed to hire anyone from that list. Have anyone ever thought about a simple question:If the AD p2b/3 is anywhere near the success Missling claimed to be to bring in billions of revenue, why is he not executing the pre planned hiring of the 10 employees?
Missling was the one announced Avatar RETT p3 success using a changed AUC as endpoint and claimed it was based on regulatory guidance (now admitting not enough power).
Missling was the one announcing AD p2b/3 success but failed to provide data after 6 months. Now the traditional approval becoming a p2 AA approval path.
Missling is the one announcing PD p2 success but failed to deliver the publication in 2 years and OLE came iut with only 20 participants.
Missling is the one presenting all the rare disease indications timeline year after year and now finally reveals there is no timeline.
The list goes on… Of course, this would all change with a better than expected AD full data and/or RETT release. But until then, the trust has not been earned.
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