No new data in presentation. In fact, NO DATA. ORMP is trading over the highest price target of the street of $27, and ran $7 points into the presentation. Look for a sharp selloff.
Target $8 today.
With more binaries to come, it would be smart. BDSI only gets 10 mil milestone on this.
UGLY, UGLY, UGLY
Also, if the phase 1b data was so good, how come no phase 2 trial started? Look for a nasty raise/dilution soon.
Go to merged company website. Presentation is dated July 2013 with the same data.
a 17 person phase 1 study proves nothing.