Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Hi TF,
Trouble is big Pharma has the personalised vaccine results now as opposed to us working up the data. So tomorrow’s conference may be another stone in the wall in building the alternative case. So maybe another RNS tomorrow?
Ho ho ho! Somehow that wasn’t in the JD. So how can you be head of finance without a number 2 who does the numbers and is more of an anorak?
Wheelers and dealers usually aren’t anoraks.
When you have to divide by 1.2 bn you need a large calculator.
So it’s been placed into administration. It’s not a liquidation so there may be a prepack or the components will be sold off. There is a factory plus the IP. Watch this space for redundancy announcements. Given the precarious nature of the finances then these are the options where the vultures can get cheap pickings. Hope we get the forms from the administrators soon.
Really sorry to hear about the King’s cancer. No doubt he’ll get the best of treatment. Of course we don’t know the type yet and no doubt his treatment plan is already settled by his clinicians. The big boys will be banging at the door but I wonder if and what immunotherapy will be advised?
So Seth thinks he can get £6m ish per mab on a non exclusive basis. Someone will have to go much higher for exclusivity but beware the tail which comes alongside. Many firms may notwant to play for the other assets if x is attached.
Chances are there will be a stand off until they also decide to partner on sclp or modi. Then maybe an entire bid.
Surely if you are going to go for a £30-&40m fundraise to get the new scib trial off the ground , then you will need to get the mood music right and sell the sizzle in advance. That implies an optimistic investor presentation plus enough good news to raise the share price.
It also means confidence through improved communications, technical excellence, new data and results.
Why go for the funding if the products aren’t working?
Hi Burble,
That is a simple and brilliant explanation of their mechanisms. I congratulate you on that. Maybe you should send it the sclp’s comms people?
It is in line with the Liverpool prof and the Texas institute.
This shows the power of communications and your genius in being able to simplify powerful concepts.
Brilliant.
Hi TF
Well interim results were on 25 th and 26th Jan for the last 2 years respectively. Hoping for an RNS tomorrow or Thursday. It’s been quiet re MODI1 so maybe some news will be forthcoming. After all didn’t LD promise an investor briefing in the new year?
So violin,
I seem to recall the CLNs are redeemed next year. All within the timescale of the £30/60m fundraise. If they are redeemed doesn’t that give Redmile a >30% stake so meaning a bid. Would they do that or just accept pay back? Probably it’s a payback with a new funding round at a higher SP. Given their holding it’s a win -win.
Provided the subsequent data is as good as we expect. However I don’t think the BOD are running a con trick and Lindy does need to smell the roses for all her hard work.
Maybe finally this year is pivotal?
"We talked to CEO Lindy Durrant on 20 December. The offering brought in three new institutional investors (two VCs with life science expertise, Invus and Pentwater, and one mainstream firm, Platinum), and Prof Durrant said they had further potential interest for larger stakes from others."
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Not sure if this is the right one.
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Hi EE
Just casting the rod with lots of bait. What sector specialists have FOMO? May as well crystallise the interest especially across multiple investors. It’s how we get the SP up and success breads success. Has anyone researched the named new investors. Are they UK, US or other?
Hi TF
Well it looks like the plan is starting with
Our CFO Sath Nirmalananthan will be attending the @JPMorgan Healthcare Conference 2024 taking place in San Francisco, CA from 8-11 Jan.
Maybe the new apppointments are changing the culture and going for it based upon undisclosed info. Not just scib1 but also modi1.
When will the markets get the hint?
Hi TF
If you’ve done a recent fundraise, why not advance while the going is good? Why not let the market know can get funding for the scib1 registration phase as it implies results are better than you said. If a partner is also in the frame surely this puts pressure on them. Cossery is a seasoned Pharma business pro. Let’s play hardball. It’s time now!
Post on LinkedIn under Wp partners scancell.
With the financial resources to enable significant milestones to be achieved and the early clinical success of scib1, a cd8 cell cancer immunotherapy and modi1, a cd4 DNA vaccine also in trial, this should now take off. In business you need the right people, the money and the luck. All the stars are converging.
Spot on Burble. My thoughts too.
We have platform technologies therefore they can be quickly adapted for other conditions. Also didn’t we have orphan status for scib1 in the USA some years ago? Plus the work Texas Bio is doing.
The issue will be when does a small cohort go over the deminimus level?