Sm04554

[It's2014ComeOnAlready]

btw i read in a recent article that Samumed is expanding its own facilities by almost 19,000 sq ft. The company is doing well.

[Sogeking]

+1 always appreciate your posts. Good to see veterans keeping it unbiased and helping newbies out.

Trust me mate, no one likes to be a veteran here .
As for Samumed as It's2014 has already noted:

Samumed, a biopharmaceutical research company, received a $2.1 million tax credit because of its promise to invest $30.5 million in facilities and expansion. It must hire 273 new workers at an average salary of $85,000 by 2019.

So financially they have money. I just want to see their Phase 2 results.
There were some Phase 3 drugs that were pulled out from testing by their respective companies in the past. It is usually done because of the lack of effectiveness. If they show good Phase 2 results we can all get hyped.

[It's2014ComeOnAlready]

haha that's 100% correct, nobody wants to be a vet on here. I wish BTT wasn't at all necessary, but we're all so desperate for new and better treatments. It's really the fault of doctors, scientists, and companies. Luckily, there are a number of things coming soon, but the waiting really sucks.

[KO1]

Where are they going to get the $30M from? Don't say Pfizer, Pfizer has a stake in the firm as they were incubated by them and SM was found in Pfizer's chemical library, but that doesn't mean that Pf will be investing more. They will need to raise via VC presumably.

[It's2014ComeOnAlready]

Where are they going to get the $30M from? Don't say Pfizer, Pfizer has a stake in the firm as they were incubated by them and SM was found in Pfizer's chemical library, but that doesn't mean that Pf will be investing more. They will need to raise via VC presumably.

I have no idea where they're getting the money from, but they have enough to expand by nearly 19,000 sq feet and 273 new full time employees. They seem to have plenty on their own without pfizer.

[KO1]

No, they have promised to expand and hire that many people....they have not actually done this yet. Let's wait and see.

[It's2014ComeOnAlready]

Well, to be clear, they've already leased the the 19,000 sq ft. space. They also have already received the $2.1 million tax credit from California State Gov't for a promise to hire those workers. If they don't fulfill that promise, they're probably going to be in some legal trouble.

[Hemo]

Well, to be clear, they've already leased the the 19,000 sq ft. space. They also have already received the $2.1 million tax credit from California State Gov't for a promise to hire those workers. If they don't fulfill that promise, they're probably going to be in some legal trouble.

Eh, possibly. Many companies have received subsidies or won government bids and not completely fulfilled their end of the bargain, with no legal repercussions. Not saying that will happen here but it certainly wouldn't be the first time.

[It's2014ComeOnAlready]

Hey y'all, pretty random but I came across a comment about SM04554 on hairlosscure2020.com and someone who posted as "anonymous" said: "I am in the current study and am very encouraged!"

He obviously couldn't say more than that because of the non-disclosure agreement, but hopefully it means he's seen some results.

btw hairlosscure2020 is a very good site to keep up with things. I recommend it.

[FearTheLoss]

Yeah, I hope you're right 2014...but realistically it's probably one of these sick trolls trying to mess with people as usual. How they find pleasure in this, I do not know.