Hi everyone,Caveat - I have bought into PRR yet, but I want to...

Hi everyone,

Caveat - I have bought into PRR yet, but I want to share something:

All pharmaceutical companies, especially those in the Phase 2B/3 stage do carry a substantial amount of risk;

Thing can back fire, negative findings can crop by,
There are lots of drugs in the last 10 years, from antidiabetic agents to painkillers to vaccines that have caused anything from mild reactions to serious repercussions and ADVERSE REACTIONS , like death, cancer causing, etc, etc.

Hence, it is NEVER a straight line for pharmaceutical companies.

True, PRR seems to have a good story line, with US? , Europe and now Japan's tick of approval, passed Phased 2B.

This is where Phase 3 comes in, and studies are being conducted and published;

If things go right, things will rocket!
If there are one or two things that goes wrong, share price can suffer
IF FDA cans it, it's end of story.

Hence, the R word, RISK should NEVER be removed from the investor's vocabulary.
Just like cost overblow, delays and change of government can never be ruled out when investing in Resource pennies too!!!!

All the best in investing,
most will know what I am saying anyway.

I am just yabbing to myself on a Friday evening,
after returning from a concert where a group of ex-drug addcits who've achieved breakthrough and have gone on to be popular singers and go round the globe giving their testimony about how the GOD of 2nd chance brought hope & sunshine to their live! Have a blessed Easter weekend. An empty tomb is the reason for MY faith!

agathos, Perth.