They had a fully funded Phase III trial over five years ago. Management (for reasons I could not fathom) pulled the plug on it and eventually agreed to a share buy back plan to those shareholders wanting to get out. (they had millions sitting in the bank and nothing to spend it on). It was a fiasco and cost most shareholders dearly. Now all they have got is an out licensed trial. I repeat, I hope current management outperforms those that were in charge back then.
PGL Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held