Ouch. I barely missed it his one. I was thinking of dipping a toe recently in the $8-$10 range and glad I didnt chase it on their financing announcement. In hindsight it seems a bit smarmy on the surface announcing a financing round a day or two before releasing data when management knew how the market was going to react. Its an evil necessity but financing young biotechs is as brutal as it gets.
With a second phase 3 needed this company is in for a really long haul.
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