Its a stock, they do this type of thing. There are lots of...

Its a stock, they do this type of thing. There are lots of explanations for why different stocks move at different rates and at different points in their lifecycles. Its not just biotech, mining and tech have these patterns as well.

As to responsibility, the Management team can do fluff all about the shareprice other than release the announcement they can, which have to be real news not cry wolf or they will lead to progressively less impact from each announcement. As far as I can see, they are tracking to strategy and timeline pretty well.