It's still surreal to me this has happened.
I just want to say something to all those pointing fingers, the I-told-you-so's, the naysayers, the conspiracy theorists and so on.
I mentioned this shortly before the readout, but there's a biotech hedgefund called
Perceptive Advisors who have a brilliant track record of picking winners. They are considered the best in the business in this area. They have a small investment team made up of molecular biology PhDs, former academics, doctors, biomedical engineers - the whole shebang. Super bright and intelligent people. They bet on Frequency Therapeutics, so much so that they took a
10% position in the company. Out of their 166 open positions, Frequency Therapeutics is
23rd on their list in terms of size - that's top 14%. This is a bull if you've ever seen one.
So for those of us who were expecting good news and gave good reasons for doing so and are trying to make sense of what's happened here, at least we've gone down with some pretty respectable minds who are far more qualified than most of us on this forum.