“Someone asked me whether the rise in price may be due to manipulation.”

The line between investor excitement, FOMO, and manipulation is blurry at the moment and it’s difficult for anyone to distinguish between the three. Similar to June, there will likely be a run to X PPS, and then a subsequent drop as the short term traders sell and shorts take some profits. We still have 4-6 weeks until the data is released, so that’s plenty of time for short term traders and shorts to enter and exit. From that point, the PPS will stabilize in anticipation of the data release. This pattern occurs with most biotechs in the days/weeks leading up to a data release.