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What is "Proof of concept"?
Can someone explain me in simple words?
Because I see at Cosmo Pipeline here - http://www.cosmopharmaceuticals.com/...line-04-13.pdf that they plan to finish Phase II proof of concept CB-03-01 study for alopecia by first half of 2015.
What does it mean? Is it legit Phase II trial? Will they be able to go to phase III afterwards and then release it to the market?
EDIT:
Ah, I found that it basically means Phase I/IIa. But what about Phase IIb? Will they still finish it by H1 2015?
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