Jun. 25 at 9:36 AM
$CGTX Many are blaming the mid-2026 timeline for the sell-off, but objectively it's roughly in line with expectations, maybe only slightly delayed. That's not enough to explain a nearly 40% collapse.
The meeting minutes were overwhelmingly positive. DLB Phase 3 is essentially confirmed, and the NDA path remains intact. The fundamentals haven't weakened—they've become clearer.
My view: a large ATM is the most likely reason behind this drop. We'll know soon enough.
Good luck to all longs.
$CGTX
