The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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
I guess we'll see Trombone.
60 days from 27th of March...that's what you said, wasn't it?
Always a moan
Always an excuse
What would that do for the sp? Better to wait until such time as it's granted
What's to stop them telling us they've applied for it?
We don't know that orphan status hasn't been applied for, there's at least 60 days between applications and status granted
..or actually applied for orphan status
Wow. . 7.89% rise on 10pence worth. Imagine how well we would be doing if somebody spent a pound!
Ok - I may be mad, too unstable, kicking down chairs and knocking down tables .... (name the song for bonus points) but I have just sunk 5k into NFX on a different trading account. I think we should easily be able to see 0.30 in the next few months even if it is just from PnDers.
More investors will get wind of the possibilities here I think so we should be able to lift ourselves out of this current SP funk.
NFX unlike COPL is a sound investment, there is a real product here, or will be. Yes there is risk but like you said Jiving we are now in with a decent chance of a deal.
Nothing dodgy about NFX at least!
Good luck all.
I'm sorry to hear that you have both lost money under circumstances where you suspect things have not been played on the level.
I don't know the facts in your particular case but, commenting in general, there's a big difference between dodgy and risky.
We all know investment involves risk. Things don't always work out, even when directors have the best intentions and do their utmost to succeed. That said, in an environment where risk is a given, corruption/deception can also flourish.
Corruption damages the reputation of the financial markets. If investors cannot trust the markets then investment will eventually be driven away. It's not just the investors who lose out either, it's all those with jobs in genuine companies that depend on that investment.
The authorities therefore have a duty to protect investors from corruption. So I don't think there is anything wrong in bringing 'dodgy' behaviour to their attention, even though you might not get your money back.
Hi Transhaven, I will keep it brief as its partly off topic but I do have comment on NFX as well below. COPL was killed primarily by the reality it was run by a totally dodgy scumbag, a halfway decent CEO could have quite likely succeeded. The problem with smaller companies is shareholders have to act before disaster happens not afterwards & its v difficult getting any concerted action in advance - I know I tried wayback with COPL. As did PaulK in 2021, possibly the last chance to have stopped disaster.
NFX is fortunately run by a decent, entrepreneurial, substantial shareholder in Dan. At least that takes away the chance of an Arthur type situation now he is back in effective charge. But given I began building a stake around the 4p re-listing price, my original shares are at 5% of what I paid. I think many of the original shareholders, including me, had never invested in a biotech co before & didnt realise quite how long it would take to get 002 fit to market to JV partners - essentially 7 years. Just about everything that could go wrong, did go wrong; but we just survived & I think we are now in with a decent chance of a deal.
Looks like we finally did totally lose all money in the other company we were both invested it. What is hilarious is the same people that were so vociferously defending and promoting the company even though everyone knew how dodgy it was are now involved in some "class action" that will go precisely no where!
NFX might be boring but at least there is some chance that at some year before we all die then we will get a product out and the SP will be many multiples.
..sign of the EU patent for 02!
I thought reports on the Telegram huddle back in late Feb said it was being finalised and release was imminent.
It's all gone very quiet now they've got the top-up from their 'big institutional'.
Application may well have been made but submissions are only reviewed periodically the next review date I believe being 27/03/24
...application for orphan status yet?
Interesting short video/transcript. Expiring IP in rest of this decade will drive Biotech M&A:
https://citywire.com/funds-insider/news/ailsa-craig-big-pharma-has-a-problem-and-that-s-driving-biotech-manda/a2438448
Not likely to be. As I’ve said before MM’s don’t declare below 10%
...TR1 then?
Get your point Jiving.
Overall its a benefit to achieve orphan designation (fingers crossed they do so) as it definitely adds value of ten years market protection.
Hopefully we get confirmation that they have submitted the application.
You are correct Soup & I should have made my Orphan point in relation to IPF and not 'all' drugs. But I am just trying to get a discussion started on our chances of success, and if you include a whole list of qualifiers it reads like some dull legalistic prospectus or annual report.
Re-Chabs point - yes thats how I see it, first we needed a patent granting and only then can we apply for Orphan status. But also until you start approaching Pharmas to gauge their interest you cant find out what their JV parameters are at this particular point in time.
That said I would disagree with Jiving's generic comment 'It seems that Pharma's essentially require this as a necessary condition before examining whether to invest in a new drug.'
Given that orphan drugs are for rare disease only, by nature pharma's can't require orphan designation across the board otherwise all drugs would be orphan and no disease would be rare.
Personally I think it relates to the caution around repurposed drugs and wanting as much certainty around product protection as possible.
From the Allenby note 2 years ago.
'Note that many have Fast Track Designation and/or Orphan Drug Designation factors that can accelerate the review process and extend the period of market/data exclusivity and so this is also an option for NXP002. '
Since then the company has consistently said that they consider it an option.
I doubt you would seek orphan designation before patents are granted, as it would be strange to have the product protected as an orphan drug, but not patent protected.
Furthermore, with orphan designation you need to back up your claims with evidence so its seen as a validation of a drug rather than just patenting a method.