Tempura,
I have no issue with contrary views ...everyone is entitled to their opinion
But your reasoning is ridiculously flawed
So you think there will be no substantial rerating on successful phase 2 trials
''The only thing that will move it substantially is if they license some product and what are the odds of that before phase 3 is reached?''
Go do some research on the amount of companies who have been bought out for 100s of millions even before phase 2 trials
Tempura, I have no issue with contrary views ...everyone is...
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