That said, a company at this stage of product development obviously has no right to be listed. ALA are miles off getting drugs in veins in a meaningful way. In a parallel universe, they would have raised a $10-15m series B to get them to phase 1 and IPO in 18-24 months off the value inflection of an IND or some such.
But we live in the real world and ALA is seen as a dog and will need more than a few miracles to survive.
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