If ADP phase II trial starts by end of Nov and its a 12 week trial, it will end by late Feb '14, Then the field data should be complied, analyzed and ready for release in about 5-6 weeks thereafter, or by mid April '14.
yes, I agree and now understand the process/timing better.
Were you surprised at the employee count of 48? I was.
It seems like they have to be prepared to go it alone, in the US at least, because you can't value the company fairly without knowing the ADP, et al potential, via trial results. The CVR structure could work but I don't see Uli going this direction: they do it the right way even if it takes time and they have plenty of cash for quite a while and can easily raise more just on the PDP initiative IMO.
FWIW, the reference to a 12 week trial period vs 6 weeks comes from several sources.....one good article, if anyone is interested, was published back in August by propthink - Jason Napodano - just google 'propthink pimavanserin' for a good summary on the Pima franchise.