Interesting to see the positions sold on the news. !st the lay off seems sensible to me seeing that we are just waiting on trial results ( which no one has information on) 2nd the CEO resigning ? No one knows the exact reason or cause. All those who are speculating as if he got fired? Maybe he is ill or has other personal problems that interfere with his position. We will have to wait and see for the reason which I do believe will be broadcast in the companies May meeting...which is only 2 weeks away. Solid growth is what has been told of the company and a smart move to control the money situation needed to bring the trial to completion. Watch the same sellers rush in to buy on the next good news........AS Always is the case. Welcome to the stock market folks!
If cancer is terminated by their trial you just might say they have found the right treatment for all kinds of cancer. This could explode in price or a take over? I only know the medicine part of investing and am not the greatest on market applications.