/biz/ - Business & Finance

>>13037147
that was done according to a preplanned 1051b plan set in August of last year, it was decided well ahead of time
also, there were a lot of insider buys right before that

chairman of the board of directors has a large stake in the company and will personally buy $20 million worth of shares in an imminent nondilutive rights offering

>points to bad science
the company's results in clinical trials have already shown the science is good
promising results in combo IO trial with keytruda, good results in NASH cirrhosis in patients without esophageal varices, phase 3 trial will target that same subsection with a novel surrogate endpoint of preventing progression to esophageal varices

>>13037184
if they repeat the same results they already showed in their phase 2 trials (statistically significant reduction in the formation of esophageal varices and heptocellular ballooning in patients with decompensated NASH cirrhosis, their phase 3 trial will be very successful