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Posted On: 09/26/2013 10:22:54 AM
Welcome to the world of Biotech, people.
The FDA has effectually given BMSN a CRL (complete Response letter).
The FDA had concerns with what BMSN's approach and wants more animal testing done prior to testing in humans.
How long is that going to take? 3 months?
I don't believe there was any time line given in the PR.
It's not good news but it's not bad news. But what it does do is make BMSN spend more money it does not have. And what will that mean? More dilution, most likely. And a fall in the already depressed stock price. BMSN is dead money for another 6 or so months UNLESS a knight in shining armor comes to rescue it. And that is doubtful.
The FDA has effectually given BMSN a CRL (complete Response letter).
The FDA had concerns with what BMSN's approach and wants more animal testing done prior to testing in humans.
How long is that going to take? 3 months?
I don't believe there was any time line given in the PR.
It's not good news but it's not bad news. But what it does do is make BMSN spend more money it does not have. And what will that mean? More dilution, most likely. And a fall in the already depressed stock price. BMSN is dead money for another 6 or so months UNLESS a knight in shining armor comes to rescue it. And that is doubtful.
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