they have phase 2 completed so technically they are ahead of anyone else, but the product didn't come out as well as they thought in terms of efficiency
TRC could potentally be the first HM on the market but it would be very expensive to get a full head of hair with it
Intercytex could go back to the drawing board but then they would have to start from phase 1 again so economically it would be best for them to not invest any further