RE: RNS -Polygon5 Mar 2022 10:17
Tommy:
"It’s worth remembering that when Synairgen had a tiny profile with very little data in trials Astra Zeneca offered them an agreement worth $240m back in 2015."
FreeTheCaterhamSeven:
"(1) If a Pharma think there is potential and that they could run better (resourced) trials they might be more inclined to bid up.
(2) If they think it's just a punt on a drug that has hinted at greatness, but so far failed to prove it, they will pay less."
@FreeTheCaterhamSeven: $240m is worth $300m now.
When they offered that for the company in 2015, was it on the basis of (1) or (2)?