Chillpill, I know you know this but it is worth emphasizing:
Brem isn't a blockbuster drug unless it gets FDA approval.
Medically it seems to me like 1.75 mg is likely to merit FDA approval but there will be political pressure exerted both from right wing conservatives against a female aphrodisiac and from generally liberal psychotherapists who fear it will diminish the role of psychotherapy for female sexual problems.
Unfortunately, Plan B has proven the FDA is very sensitive to political pressures.
I have only seen concerns raised by those psychotherapist who deny FSD exists. Haven't seen any conservative outrage against it. Plan B received resistance because of abortion. Brem should help to increase baby making. I think recreational inhaled brem was a possible concern.
Be careful when looking at numbers... The Outstanding shares of 39M does not include the warrants in the money (some 66 million shares) The company calculated its loss using the, weighted average number of common shares outstanding of 106,424,443. So the stock has a cash per share in the low twenties, is effectively shut down till phase 3 activities occur. So does the PPS really appear low?