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corpstrat

02/27/08 10:36 PM

#3511 RE: DewDiligence #3509

Thank you, Dew. I hope and believe you're being much too pessimistic, but it's likely still a buy even at 36%. (The uncertainty in my response is around the overall program: if chances of success of the main indications are dimmer still than 36%, then expected value may not be too hot.)
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Bio_pete

02/27/08 10:53 PM

#3514 RE: DewDiligence #3509

#1. Proellex is classified as a SPRM, but its essentially a pure progesterone antagonist like Mifepristone. There are a number of studies showing statistically significant increase in mean hemoglobin levels after treatment with Mifepristone. So if the Proellex and Mifepristone studies have shown similar efficacy in treating anemia then I don't know why you would give it less then a 50% chance of success.

#2. JP has been extremely open and he's willing to answer any investor concerns unlike alot of presidents. $400K salary & bonus is reasonable with minimal option activity. What concerns do you have regarding management?