If you are worried about a small degree of some effect on biomarkers this "game-changing / AMAZING / magical" or whatever other key positive words the PAR bunnies frequently use for the drug - then its clear your confidence on the separation between placebo and legitimate drug effect is a bit narrower than your confidence implies. Applies in both cases for subjective pain but moreso in the biomarkers study (which I still maintain BS on - in terms of not being paired with MRI and also the late change of protocols which will complicate the results).
Either way I look at it, just seems to be excuse after excuse with this co. No new CEO for what is likely a long while, back-door deals, timeline delays, cost blowouts, etc etc. People blaming shorters or the market is a weak excuse. This has been dropping for the last two years while the market has held. PAR is down 66% in two years while the ASX Small Ords is up 10%. There is a reason for that other than external forces.
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