RE: All about the data not the people7 Feb 2024 14:43
AHS, I always thought the point in investing was to be in or out of a position before everyone else and therefore before the price stabilises, otherwise you are getting in when it's gone up, and getting out once it has gone down. This is leveraging knowledge. This is the world of Ifs Buts and Maybes, if there are no Ifs Buts and Maybes left then there is no knowledge that you have that no one else has, and there is no opportunity for significant growth.
The big Question is, that you seem to be missing, is what most of us think here correct?
1. We think it works as a delivery mechanism - certainly seems to the ratio of dox in serum vs tumour suggests it's behaving exactly as expected.
2. We think the warhead will work - it is dox, it's not like dox, or an analogue of dox, or similar to dox, it is dox, it's worked for a long time so that'll do what it does.
3. We think the side effects are lower than dox - certainly seems to be the case, people are having much more than normal dox levels and they aren't dying, and side effects are much lower.
4. We think this will be valuable - dox is off patent, cheap ish to make, understood, effective, why wouldn't you use a form of dox that you can repatent and has low side-effects and you can use on more people, at higher doses more often, and possibly on different indications. Not proven yet, but it stacks up.
5. We think that this is not just 1 drug, but is a platform - the same can be achieved with many chemo drugs that are too toxic, or are on a patent cliff.
6. we think that the platform nature will be more valuable - if one drug is worth x, then many drugs are worth >x?
I'm sure there are other points.
So If you want to wait for revenue then fine, that's your choice, that's your risk profile, but there's also a very different reward profile at that point too.