SAR need to have a buyer for a product soon, but at the same time not to let it go for peanuts. The only downside I see for Sareum is they do not have any cash income. Options either raise funds through dilution or sell a product. Regards
It will take significant news for this to have a really big rise. But this news makes significant news more likely IMO.
Tim can't sell CHK1 (that is being handled by CPF) and doesn't want to sell Aurora FLT3 yet (too much potential to deal before phase 1 trials) but he needs to licence something to fund the other two.
Any deal for TYK2 will be worth considerably more on the back of this news.
My respect for him as a businessman has gone up over the last 2 months. Firstly, he arranged to go to the BIO partnering conference (possibly the largest of its type in the world) at the same time that SRI were presenting TYK2 at FOCIS / todays RNS. Surely not a coincidence?
And secondly, with the placing and swap arrangement with YAGM, he has linked SARs cashflow over the next 12 months directly to the share price. We are currently at break even on this but with news of phase 1 clinical trials due soon, I can only see this being a very shrewd move.
And on the science front, most things are working out better than expected. CHK1 with the myc link plus the measles work being done by the Mayo Clinic and TYK2 with JAK1.
It's all coming together nicely IMO. And there should be some scientific journals published on TYK2 soon which will give an indication on just how effective this is.
i see isa return being back at 10.30am then i will get rest in here ....a just waiting till tim produces the goods and watch my holding go to 45K which it will 1year 3year or 5 years...everything is rosy here all on track SAR WILL DO BIG THINGS
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