Just look at the bottom line cash holdings and the salaries paid
Most of these bio 'whatever' companies exist only to generate huge salaries for corporate officers. Don't pay attention to the hype of what they say but rather how much cash does the company have and how much of it is being paid out in salaries. Then you'll realize that most of them are nothing more than snake oil salesmen.
This is completely off mgmt has stock options for compensation burn rate will be down to almost nothing soon. On the other hand this company may shortly be little more than a shell with cash, albeit more cash than $1.80 PPS. No reason to be long or short right now.