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FX not that vague. The answer is it has not been granted yet, so the application is in, it can only have a possibility of been granted if it is applied for.
Thanks Chab.
So as expected, the vague, non-disclosure BS response.
My email to nfx and Tim's reply, which I'm sure he won't mind me posting to other investors
"Would you be so kind as to inform this investor whether you have yet applied for orphan status. "
Tim's reply
“NXP002 is a likely candidate for Orphan Drug Designation”, but it has not been granted this status yet. The company is focussed on discussions with potential licensees for NXP002 and further updates will be provided as soon as appropriate."
Best regards
Tim
ATB
OK. I'll ask you again in 90 days....from whenever they get around to applying for orphan status
I don't need to make excuses for them, I'm perfectly happy with my investment here. I never commit more than I can afford to lose not that I particularly want to lose anything. I'm well aware of the risk involved with small pharmaceuticals and I'm happy with the risk/reward possibilities.My average here is under 4p so not concerned atm
"They've said they're in talks with big pharm and that hasn't improved the sp"
Probably because it's an echo.
But let's hope it actually comes to something this time for a change.
...and if Chab receives either no response or the highly expected vague non-disclosure BS response then I expect you'll still find excuses for them too.
Maybe but I'll bet you'd find plenty to moan about
If you care to do some research yourself, you'll find that they've told us about being in 'multiple' talks before. What exactly did that amount to?
2019 multiple talks with Asian partners for NXP002 and others = zip
2019 NXP001 2m deal with China = zip
2019 51m potential deal with Ebers Tech = zip.
So maybe the market just does not react to cheap talk about talks and deals anymore because there is simply no evidence that it has ever happened.
Announcing an application for orphan status might at least prove that we have something worth looking at
They've said they're in talks with big pharm and that hasn't improved the sp but hey if you think it's going to magically improve because they've applied for orphan status!! Maybe they could tell us if the rent is paid 6 or 12 months in advance, that would really get the share price rocketing
Thanks Chablard, please share with us long suffering SHs
"It would be a positive if approved but I don't see how just saying it's been applied for is going to make any difference to the share price"
It would make a he'll of a difference to shareholder confidence...which might just affect the price.
There is only one reason for not announcing it and that is because you haven't done it
I have today emailed the company on the subject of the orphan status. Whether it has been applied for or not.
ATB
"It would be a positive if approved but I don't see how just saying it's been applied for is going to make any difference to the share price"
Sorry, but positive news can help the share price and quite frankly it's the right thing to do to keep shareholders informed on what appears to be a major step forward according to bod.
ATB
Hi, is anyone (Soup) in contact with a company member that can ask directly about what stage NFX is at in seeking the Orphan Drug Status?
It would be more than reasonable to let shareholders know what progress (or not) is being made on this application. Also some explanation to newbies about what that status will do (yes we can Google but it would be nice to hear from the company as to why they are applying).
It also means that the application could have been made anytime after 3rd January RNS
Just seen that orphan designation applications are free from fees so that scuppers the reason for the raise unless they needed consultation input for the application
From the 3/1 results RNS -NXP002 is a likely candidate for Orphan Drug Designation, which could provide additional product protection against potential competitors.
The raise on 1/3 was funding to progress NXP002 discussion with partners and progress NXP002 development so was that partly for the fee for the application for Orphan status if so estimated submission date is mid-March.
It would be a positive if approved but I don't see how just saying it's been applied for is going to make any difference to the share price
So you're saying that the bod are not going to give it's shareholders the heads up on whether orphan status has been applied for. Wonder why not? Thought it would be a positive thing to announce, which makes one think it hasn't been applied for I guess
And there you go again not relating what I actually said. If you care to revisit my post you'll see I said "we don't know that orphan status hasn't been applied for", we also don't know that it has, and since you obviously aren't interested enough to do a bit of research despite having been pointed in the right direction, it can take 90 days for approval.
Are you bored Trans? I'm not surprised. Not much appears to be going on.
Never mind, it's already 15 days since they applied for orphan status (according to Trombone)....only another 45 days to go!
Plenty of time to convert any decent chance of a deal into something a bit more tangible for the long-suffering shareholders, surely?
ForFXSake and NFT same person? Are they actually invested?
What happened to Mulder? Aim4Utopia?
LOL! Could be waiting a while then.
I wonder if the outcome be 'undisclosed' too?
No that's not what I said, I said at least 60 days. The process can take longer. You could always do a bit of research and satisfy yourself, might take your mind off moaning