If you have spent any time on LinkedIn, you’ll see it was a bloodbath at FDA. Whether the division that approves our drug was impacted directly, or the individual reviewers themselves, or those responsible for deciding when to schedule follow ups to CRLs, or plant inspection's, the ripple effects of these cuts will be significant.
We all came here thinking this was our shot, but sadly it very likely will not happen any time soon. Our cash runway is short and wise investors take all this into account. Most likely scenario is the asset is sold to a company with cash, infrastructure and capabilities to carry it over the finish line. The ASSET will be sold, not the company. But even that will be for Pennie’s on the dollar. Too much risk. Our options will continue to be worthless as long as Milestone is an entity.