Originally Posted by
ccmethinning
No, efficacy wasn't more important than proving safety. But efficacy was a whole lot more important than many here are making it out to be.
This is a tiny little public company with funding problems and competition (ARI, Histogen, Follica, etc). Because of this, they had to design the trial to produce as much success as they could in a phase 1 safety trial to develop investor interest. This isn't some massive university cancer research department with government funds where they can just throw shit at the wall and hope it sticks. They needed results, and they definitely underwhelmed.
Over the past couple months, the company completed offerings worth a couple million dollars or so at $1.50/share (which at that time was well below market value). Now market value for shares is $1.27. They are going to have to sell more of their interest for less money now. Not to mention, whoever it was that bought in at $1.50 has to be pretty pissed off to be sitting underwater now and might not throw any more money at the company.
