Originally Posted by plv
Keep in mind that their product is a device though, not a drug. When a drug is filed with the FDA, it has already passed preclinical and phase 1-3 testing, so it is likely that the drug will indeed be approved by the FDA. Im not really sure how it works for devices though, but they don't mention any testing done on their website.
I have been reviewing/rewriting biotech business plans for the last 6 months at my internship and there's another couple of things that I find fishy about LLBO, but in the end it really doesn't matter lol, because we all trading on the basis of speculation.