Is it just me or did they basically spell out that they’re avoiding diluting and seeking partnerships with the likes of optivo/key combo trials that basically guarantee, they will NOT be designing the trial themselves. Any partner wants these losers out of their way.
The announcement of such a partnership could happen any day.
Then if ya do the math, even a simple bounce to 3-4 would give 2-300% win. So why short for a whopping 20-60% win prior to a very unlikely dilution which would destroy the imminent upside.