3. Tardy Tardugno
Sadly, a whole lot of data mining and not much more. Well, actually there is a little bit more. But to find it you need to dig into Celsion's financials and Tardugno's pockets instead of the useless, picked over ThermoDox data. As TheStreet's biotech ax Adam Feuerstein alertly points out, Celsion has $46 million dollars left to spend, and won't be able to raise new money, so it appears as if Tardugno is keeping the company afloat merely to keep his own paycheck flowing. Furthermore, Tardugno and his fellow execs will be able to keep more of the loot for themselves because the company is firing one-third of its workforce, ostensibly to reduce overhead.
"We are reducing expenses in all areas, but we are doing this with an eye toward limiting the impact on our future development programs for ThermoDox as well as afford us the opportunity to identify and develop new product candidates," stated Tardugno. Too late, Tardugno. It's time to give up the ghost. And while you're at it, give your creditors their money back too. It is theirs, you know.