why would you buy into a stock which you don't know what it does?
would suggest you either
a) read the due diligence compiled by @king hoves recently or
b) sell the stock tomorrow
when to sell?
for me personally, it will be the end of phase, which will hopefully be sold to big pharma.
phase 1 is very low risk and the failure rates reflect that. probably another year away, so depends on how liquid you are I guess.
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