DFRAI,,,,,,
Management should not have allowed this to happen
If we take a minute and think of what management has to accomplish when they are in a research based Pharma it boils down to one thing: Keep the hope alive!!
They won't miss a paycheck, bonus or stock option (that's why they're mega millionaires) while the wheels are turning. As long as VC's and Hedgee's can protect themselves they'll never turn off the spigot of funds.
Heck, if you really think about it their job becomes 100x harder once a product is approved and they become accountable for earnings.
In the meantime, just keep the wheels turning.
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