Management believed their own words and many investors covered their eyes. The need and requirement for clinical data was being obvious to any who looked for many years. Do not pass blame to any advisor. I and others rang this bell years ago and were chastised as downrampers. Mercer dismissed my queries as equivocal. Humans have a most remarkable ability to believe only that which supports their hope. The emperor is unclothed. investing ought not be of gambling.
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