Here is what I know of companies that go public to get funding. They have brokers who keep selling their stock and raise money that way. The brokers take about 10% and the rest goes to the company. A great way to get cash and keep control. Just watch the number of shares outstanding. They will continue to increase as Yahoo updates its information.
They have a billionaire bio-tech investor on the BOD, they have multiple hedge funds involved. They ALL have put in $$$ and will continue to. Also for DD sake, Maxwell Biotech is owned by Roman Abrimovich (sic) one of the richest Russians. What does all the smart money tell you? It tells me buy buy buy!
Keep a little for bread and water. It is nearly mid-2013. Drug approvals take 2 to 3 years after FDA application is filed to get approval. And approx. 2 to 3 years to obtain clinical data. My estimate is that if, that is if this drug works, FDA approval will be in 2019.
The market cap for this stock is less than 20 million. If the richest Russian really believes this is a 100% success, a 40 million investment to take this private want make a dent in his portfolio. And another $40 million in expenses will guarantee a multi-billion dollar return. So what does this tell me: there is doubt, doubt, doubt. So keep some aside for bread and water and invest the rest.