Further delays? Further pre-clinical studies required? Who knows.
If it was positive then there's nothing stopping PAR from announcing it as such. They could always include a caveat that they still require their regulatory consultants to go over the response and will update the market in due course about new timelines etc.
Alternatively, PAR did mention that they would re-evaluate the funding situation when the FDA approved the IND application. So they could be consulting with their regulatory consultants to ascertain the full impact of these new regulatory measures to timelines and costs etc.
Or did the FDA suggest something new that PAR should also monitor?
This is all speculation of course. If only those in the know could drop us a nugget like they did during the previous trading halt.
Good luck all.
Ann: Trading Halt, page-53
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