BOT 1.32% 38.5¢ botanix pharmaceuticals ltd

The average success rate of all ph2 trials is about a third, as...

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    The average success rate of all ph2 trials is about a third, as of 2016 according to Wikipedia. It's the toughest one. I think ph3 success rate is closer to 80%

    So while there will likely be tentative investors waiting for that to happen before buying in, with how BOT has structured their trials, a successful ph2 acne should substantially improve confidence that the rest of the products will be successful.
 
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