Mock me all you want6 Sep 2017 22:33
I have worked in pharma for 10 years nearly. I know what it needs and the amount of staff and time required.
I knew plenty about the company BH but not that employee count.
Let me put this into perspective for you. Outsourcing is a lot more expensive, and not everything can be outsourced. The company has a commercial director before phase 2 trials have even completed.
A commercial director in pharma shows the company wants to platform the drug itself. But they are outsourcing everything. They have absolutely no idea what they are doing.
As to buying into what the big boys paid into -many made that mistake with woodford and OXP -myself included.
Most pharmas fail, only 5 out of 1000 compounds pass phase 3. But the rewards are huge as new drugs yield billions in revenue.
My reason for buying here was the clinical data was impressive and when they said they would launch on NASDAQ I saw an opportunity.
what I DIDNT know is they would procrastinate and give mates rates leading to easily 2x more dilution than necessary, and essentially a shell outsourcing all of its scientific endeavours.
This will be chugging through money like mad, and will need more funds once phase 2 completes.