I sold around half my shares yesterday at 25c. Very tempted to buy them back today at 19c.
The announcement was certainly a setback but we're not dead in the water. Modifications can be made to the trial to encourage/allow more participants. There should be no need to restart them from scratch.
Whist semaglutide may be a useful appetite suppressant it isn't a miracle cure for obesity and I'm sure we'll still have a market large enough to justify a share price many multiples of where we are now.
Ann: Phase III Clinical Trial Update and New IIH Market Analysis, page-136
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