You don't know what you are talking about. They haven't even filed an NDA so no FDA approval possible for 8 - 14 months at best. Partners want to see a drug that has had at least an NDA submitted. Forget what the company says, if you calculate their burn rate and runway it get them into Feb.
You're the one who doesn't know what he's talking about. The drug is already on fast track with the FDA, with pre-approved study end points; and with these results cash will not be a problem for the company.
If you've been betting against this company at previous prices, you'd better find something else to do with your money besides making your own stock decisions while you still have some!
With all due respect my info comes from the company and anyone that has followed this company knows they have stated the funding is adequate THRU THE FIRST QUARTER.
What makes u think they dont already have an application for NDA prepared. The company hired a former top FDA several months back. Money well spent. The application could be submitted sooner than U think.
Do me a favor before U start flapping your jaws make sure u know your facts. You dont have a lock on the facts however U are entitled to your opinion.
CHTP already has a offering on the table. I would expect them to have sold into todays gains and if they offered out all 3 million shares, they would net approx. 18 million just today which would carry them well into the 3rd quarter of 2011. Cash is not a concern.