dilution is nothing. What's another 150 million shares! We are buying the stock in hope of a big pie after approval. The pie remains the same size. It is just there are more slices. The current share price does not reflect how big the slice may be anyway.
Some value the company at 2 billion. Some may value it at 10 billion. Whatever the valuation, we are going to get a share price = valuation / outstanding share count.
Right now the share count is 200 million or so. So after dilution, it will be maybe another 200 million shares to bring the product to the market.
so 2 billion / 400 million shares = 5 dollar . Not bad. Already 100% gain.
If the company is valuted at 10 billion. A pretty generous estimate but not impossible, then we are looking at 25 dollar share price. That would be outstanding.
So, no need to worry about dilution. It is nothing really.
The real danger is the uncertainty of the trial outcome.