Crappy day but for those who want to blame others, BoD or the...

Crappy day but for those who want to blame others, BoD or the bogyman for today. No conspiracy. Drugs go through 3 phases to ensure they are legit. Passing first stage doesn't mean its a tick the box of doing phase 2 and 3 to make money. Many fail at phase 2 or 3, usually because its not an effective molecule. Most new drugs fail. That is the reality of biotech investing. If you struggle with this idea then you shouldn't invest in stocks like this again. Or learn to properly risk manage/weight stocks your portfolio.