IMO the market is mis-pricing the chances of trial success, at last compared to my guess. Of course it's only a guess based on the previous trial results and comparisons to other published trials and valuations of other companies in the same business. But no-one knows until the final results are tallied and Board meetings have taken place.
Which is actually great for investors and speculators. There are always opportunities in the market, but really, this one is gold plated IMO.
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