It's called funds taking profits from last months appreciation on good volume and liquidity.
They know there is now a few months at the minimum before the phase 2 framework and approval is announced, including possible registrational trial.
Like I said a week ago, the bath water will need to settle post PTX-100 final phase 1B readout (todays announcement), then there should be a rise in the water levels in Q1 2024 in anticipation of the phase 2 approval.
It's also December, statistically gets sold into as sophisticates consolidate for the Christmas holidays and close positions.
Today's share price movement was predictable. But onward and upwards in the coming months.
It's called funds taking profits from last months appreciation...
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