I am not too concerned about the insider sale. THis is a recent IPO, they have been holding shares and waiting to cash out some for years. He still has 90% of his shares.
If my 10 year old company went IPO, I would certainly want to sell some at any price and go and buy that house I have been dreaming about. Even if I believed in my companies prospects 110% and also thought it was worth a lot more than my 10% sell price
at this enterprise value, ECLIPSE has been priced as a total failure. Priced as a 0% chance of even safety approval.
Not realistic. Even if ECLIPSE results are slightly worse than chemo (not likely), this would be a better treatment for those with pancreatic cancer as their quality of life would be greatly improved over chemo for their last days.
What would you pick? Chemo for a chance of 6 more months in complete misery or 6 months feeling only the cancer pain without added chemo?
mesothelioma, prostate and other indications have huge potential