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Novadel Pharma Inc. Message Board

investorxc 2 posts  |  Last Activity: Aug 19, 2015 10:05 PM Member since: Jul 17, 2006
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    Management has lost their credibility

    by investorxc Aug 18, 2015 11:35 PM
    investorxc investorxc Aug 19, 2015 10:05 PM Flag

    I watched that interview today with David. He said they started the "enrollment process" I had to go back and read the transcript because I thought he said they started the enrollment. But no just the "process" So still no one actually enrolled. He could have said the screening process but he tries to spin everything in a positive way.

  • Last year, they said they expected to have initial results of the BP trial at the end of 2014 or early 2015. At the end of 2014, I actually thought any day we would hear something. There was no update, just silence for months. I spoke to Jerry Isaccson in February or March right after he released an article about IMNP. He said he interviewed Management over the phone and when he asked about the status of the BP trial, they avoided answering him. It wasn't until then that I realized it hadn't even been started yet- unbelievable. He suspected they were waiting for the Amiket partnership to be able to fund the trial. Now it is a year later, still no BP trial. They have "initiated" it but no one enrolled. They are at least 9 months behind their timeline from a year ago. Now we won't have results until 2016. The ulcerative colitis probably not until end of 2016, early 2017. They said they expected the Amiket partnerhsip to be in early 2015, then it was the first half of 2015 - wrong again. It's not that things are taking as long. It's that Management keeps putting out timelines that they are unable to meet. Investors have decided to move on.

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