This was a great result.Thirty percent of phase 1 trials do not make it to phase 2.Phase 1 is always a small sample with safety the major concern...so we have proved it is safe to move to phase 2,where the sample is many time larger where the efficacy is being tested.Even our phase 1 showed that the efficacy is very promising. MCs of phase 2 testing are many multiples of our current MC...so some serious interest will be shown in PTX sometime in the future...patience required.
Like others I was a little baffled by the trading...perhaps reflecting an out point.Particularly baffling was the build up of sell orders before the market announcement (10.5+cents) that stayed there as the announcement was made...one would have expected the sell orders to be pulled and caressed into the buying support that could have built up after the announcement...almost like no one wanted to lose their place in the line...did they know something...or lost their patience after all action has been promised for over a year
PTX Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
