worst corporate governance on the asx, page-69

Decan

What, now you are claiming that PRR is not telling the US FDA in its application that it is proposing to conduct CVac Phase III phase trials in the US?

Wow, misleading holders, ASX, ASIC and now the US FDA. What incredible balls they have!

That poor Ian Frazer bloke must be cringeing with shame every time he spots his Australian of the Year Award on his desk.

Have a look at the US FDA site. This link takes you straight to the FAQ and gives you some explanation of FDA provisions concerning Investigational New Drugs.

http://www.fda.gov/cder/about/smallbiz/faq.htm#Phases%20of%20an%20Investigation

There is room for overlap between the phases, which is obvious when you read their descriptions. PRR itself announced it as Phase IIb/ III pivotal trial.