There's no crisis or state of emergency. And if dog and pony shows were effective at moving stocks, RVX would be in the 40s.

You'd be better off asking yourself what you're missing. Why does a stock react like this?

In my experience, I don't see people piling into stocks with ongoing studies until they are much closer to results. Nobody wants to sit on stagnant money for long periods of time. There are other opportunities out there.