Unfortunately whether Glaucus is right or wrong, the damage has already been done by the company's ham-fisted response to their report and their lack of transparency.
At least in the short term, they are going to have difficulty doing new deals due to the damage to their reputation and brand. This leads to much lower cash inflows from upfront fees which leads to the company burning cash which ends with the company reducing or cancelling their dividend.
BLA Price at posting:
$3.02 Sentiment: None Disclosure: Not Held