The stock is trying to recover from its late April plunge after it reported results from a Phase 2 clinical trial evaluating Trimesta (oral estriol) as an adjunctive treatment for relapse-remitting multiple sclerosis. The decrease in annualized relapse rate was statistically significant at 12 months but not at 24 months. The stock quickly sold off, dropping 60% from its April 28 close of $2.91 to a low of $1.16 on May 14.
Consensus revenue estimates for 2014 and 2015 are $250K and $1M, respectively.
18 mutual funds have positions, up from 13 a year earlier.